july 2013 market information for northern virginia and washington dc
TRANSCRIPT
Market Absorptio
nNorthern Virginia
& DC
Local Market UpdateJuly 2013
Northern Virginia Available UC Abs Rate
< $100,000 16 7 2.29
$100,000–$199,999 128 115 1.11
$200,000-$299,999 331 249 1.33
$300,000-$399,999 428 413 1.04
$400,000-$499,999 429 341 1.26$500,000-$599,999 381 273 1.40$600,000-$699,999 297 192 1.55
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. August 19, 2013
Local Market UpdateJuly 2013
Northern Virginia Available UC Abs Rate
$700,000-$799,999 238 143 1.66
$800,000-$899,999 190 106 1.79
$900,000-$999,999 116 36 3.22
$1M -$1.49M 394 87 4.53
$1.5M -2.49 230 30 7.67$2.5 million + 159 7 22.71Overall 3,337 1,999 1.67
Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. August 19, 2013
No VA Stats
Avg. SP- +6.98%
Units Sold- +16.13%
DOM- -43.18% to 25 days
Source: MRIS, Inc. August 19, 2013
Local Market UpdateJuly 2013
PW & Loudoun Available UC Abs Rate
< $100,000 3 6 .50
$100,000–$199,999 67 102 .66
$200,000-$299,999 383 303 1.26
$300,000-$399,999 510 306 1.67
$400,000-$499,999 457 247 1.85$500,000-$599,999 333 115 2.90$600,000-$699,999 305 85 3.59
Source: MRIS, Inc. August 19, 2013
Local Market UpdateJuly 2013
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 208 33 6.30
$800,000-$899,999 112 16 7.63
$900,000-$999,999 53 7 7.57
$1M -$1.49M 99 7 14.14
$1.5M -2.49 49 0 0$2.5 million + 37 1 37Overall 2,626 1,228 2.14
Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. August 19, 2013
Local Market Update
No. VA Current July 2012 VarAvailable 3,334 3,399 -2%
UC Last 30 Days 1,999 1,430 +40%
Sold Last 30 Days 2,175 1,891 +15%
Absorption Rate 1.67 2.38As of August 19, 2013
SELLERS
MARKET
Local Market Update
Fairfax Co. Current July 2012 VarAvailable 2,432 2,486 -2%
UC Last 30 Days 1,467 1,076 +36%
Sold Last 30 Days 1,606 1,372 +17%
Absorption Rate 1.66 2.31As of August 19, 2013
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +7.50%
Units Sold- +18.54%
DOM- -41.86% to 25 days
Source: MRIS, Inc. August 19, 2013
Local Market Update
Alexandria City Current July 2012 VarAvailable 412 365 +13%
UC Last 30 Days 205 146 +40%
Sold Last 30 Days 227 207 +10%
Absorption Rate 2.01 2.50As of August 19, 2013
SELLERS
MARKET
Local Market Update
Arlington Co. Current July 2012 VarAvailable 407 472 -14%
UC Last 30 Days 278 173 +61%
Sold Last 30 Days 290 257 +13%
Absorption Rate 1.46 2.73As of August 19, 2013
SELLERS
MARKET
Local Market Update
Fairfax Current July 2012 VarAvailable 276 299 -8%
UC Last 30 Days 219 140 +56%
Sold Last 30 Days 220 179 +23%
Absorption Rate 1.26 2.14As of August 19, 2013
SELLERS
MARKET
Local Market UpdateFairfax Station Current July 2012 Var
Available 72 57 +57%
UC Last 30 Days 23 14 +64%
Sold Last 30 Days 23 28 -18%
Absorption Rate 3.13 4.07As of August 19, 2013
SELLERS
MARKET
Local Market Update
Clifton Current July 2012 VarAvailable 57 47 +21%
UC Last 30 Days 15 18 -17%
Sold Last 30 Days 25 25 0%
Absorption Rate 3.80 2.61As of August 19, 2013
SELLERS
MARKET
Local Market Update
Herndon Current July 2012 VarAvailable 140 108 +30%
UC Last 30 Days 88 73 +21%
Sold Last 30 Days 99 98 +1%
Absorption Rate 1.59 1.48As of August 19, 2013
SELLERS
MARKET
Local Market UpdateSterling Current July 2012 Var
Available 180 152 +18%
UC Last 30 Days 118 89 +33%
Sold Last 30 Days 138 121 +14%
Absorption Rate 1.53 1.71As of August 19, 2013
SELLERS
MARKET
Local Market UpdateVienna/ Oakton Current July 2012 Var
Available 221 253 -13%
UC Last 30 Days 122 84 +45%
Sold Last 30 Days 137 108 +27%
Absorption Rate 1.87 3.01As of August 19, 2013
SELLERS
MARKET
Local Market UpdateAshburn Current July 2012 Var
Available 301 290 +4%
UC Last 30 Days 168 103 +63%
Sold Last 30 Days 196 157 +25%
Absorption Rate 1.79 2.82As of August 19, 2013
SELLERS
MARKET
Local Market Update
Reston Current July 2012 VarAvailable 118 127 -7%
UC Last 30 Days 102 84 +21%
Sold Last 30 Days 129 120 +8%
Absorption Rate 1.16 1.51As of August 19, 2013
SELLERS
MARKET
Local Market UpdateCentreville Current July 2012 Var
Available 144 110 +31%
UC Last 30 Days 111 77 +44%
Sold Last 30 Days 123 102 +21%
Absorption Rate 1.30 1.43As of August 19, 2013
SELLERS
MARKET
Local Market UpdateDC Current July 2012 Var
Available 1,178 1,445 -18%
UC Last 30 Days 741 502 +48%
Sold Last 30 Days 787 657 +20%
Absorption Rate 1.59 2.88As of August 19, 2013
SELLERS
MARKET
Local Market Update
Prince William Current July 2012 VarAvailable 1,159 1,135 +2%
UC Last 30 Days 656 600 +9%
Sold Last 30 Days 647 557 +16%
Absorption Rate 1.77 1.89As of August 19, 2013
SELLERS
MARKET
Local Market Update
Loudoun Co. Current July 2012 VarAvailable 1,451 1,428 +2%
UC Last 30 Days 569 406 +40%
Sold Last 30 Days 659 529 +25%
Absorption Rate 2.55 3.52As of August 19, 2013
SELLERS
MARKET
Local Market Update
GPAAR Current July 2012 VarAvailable 1,359 1,265 +7%
UC Last 30 Days 247 175 +41%
Sold Last 30 Days 246 193 +27%
Absorption Rate 5.50 6.55As of August, 2013
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
SELLERS
MARKET
Local Market Update
BRAR Current July 2012 VarAvailable 1,041 1,025 +2%
UC Last 30 Days 245 176 +39%
Sold Last 30 Days 242 192 +26%
Absorption Rate 4.25 5.82As of August 19, 2013
**Includes Clarke, Frederick, Warren Counties & Winchester City
SELLERS
MARKET
Local Market Update
FAAR Current July 2012 VarAvailable 1,682 1,463 +15%
UC Last 30 Days 491 365 +35%
Sold Last 30 Days 506 390 +30%
Absorption Rate 3.43 4.01As of August 19, 2013
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET