northern virginia regional stats for september
DESCRIPTION
Here are the regional sales stats for the Northern Virginia areaTRANSCRIPT
Market Absorption
Virginia
Local Market UpdateSeptember 2010
Northern Virginia Available UC Abs Rate
< $100,000 57 36 1.58
$100,000–$199,999 392 173 2.26
$200,000-$299,999 738 275 2.68
$300,000-$399,999 958 271 3.53
$400,000-$499,999 758 196 3.86
$500,000-$599,999 555 142 3.90
$600,000-$699,999 419 87 4.81Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. 10/11/2010
Local Market UpdateSeptember 2010
Northern Virginia Available UC Abs Rate
$700,000-$799,999 317 53 5.98
$800,000-$899,999 272 35 7.77
$900,000-$999,999 183 22 8.31
$1M -$1.49M 396 37 10.70
$1.5M -2.49 244 17 14.35
$2.5 million + 109 5 21.80
Overall 5,398 1,349 4.00Absorption 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. 10/11/2010
No VA Stats
Avg. SP- +8.49%
Units Sold- -21.44%
DOM- -14.29% to 54 days
Local Market UpdateSeptember 2010
Greater NVA Available UC Abs Rate
< $100,000 78 55 1.32
$100,000–$199,999 801 391 3.50
$200,000-$299,999 1,456 529 2.70
$300,000-$399,999 1,631 444 3.51
$400,000-$499,999 1,282 283 4.54
$500,000-$599,999 941 192 4.97
$600,000-$699,999 642 114 5.3Source: MRIS, Inc.; Greater Northern Virginia is comprised of the Counties of Arlington, Fairfax, Loudoun &
Prince William; and the Cities of Alexandria, Fairfax & Falls Church. 10/11/2010
Local Market UpdateSeptember 2010
Greater NVA Available UC Abs Rate
$700,000-$799,999 452 63 5.83
$800,000-$899,999 369 42 8.22
$900,000-$999,999 250 28 12.40
$1M -$1.49M 514 40 11.37
$1.5M -2.49 299 19 23.92
$2.5 million + 147 5 78.00
Overall 8,862 2,205 4.02Absorption 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. 10 /11/2010
Local Market Update
No. VA Current Sept 2009 VarAvailable 5,338 6,889 -22%
UC Last 30 Days 1,350 2,012 -33%
Sold Last 30 Days 1,341 1,684 -20%
Absorption Rate 3.95 3.42As of October 11, 2010
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Sept 2009 VarAvailable 3,741 5,124 -27%
UC Last 30 Days 1,030 1,491 -31%
Sold Last 30 Days 1,015 1,269 -20%
Absorption Rate 3.63 3.43As of October 11, 2010
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +9.01%
Units Sold- -21.28%
DOM- -16.13% to 52 days
Local Market Update
Alexandria City Current Sept 2009 VarAvailable 753 709 +6%
UC Last 30 Days 125 210 -40%
Sold Last 30 Days 117 152 -23%
Absorption Rate 6.02 3.37As of October 11, 2010
Local Market Update
Arlington Co. Current Sept 2009 VarAvailable 764 907 -16%
UC Last 30 Days 165 265 -38%
Sold Last 30 Days 175 221 -21%
Absorption Rate 4.63 3.42As of October 11, 2010
Local Market Update
Great Falls Current Sept 2009 VarAvailable 167 186 -10%
UC Last 30 Days 14 23 -39%
Sold Last 30 Days 19 20 -5%
Absorption Rate 11.92 8.08As of October 11, 2010
Local Market Update
McLean Current Sept 2009 VarAvailable 308 387 -20%
UC Last 30 Days 44 59 -25%
Sold Last 30 Days 38 65 -42%
Absorption Rate 7.00 6.55As of October 11, 2010
Local Market Update
Sterling Current Sept 2009 VarAvailable 275 443 -38%
UC Last 30 Days 99 178 -44%
Sold Last 30 Days 107 132 -19%
Absorption Rate 2.77 2.48As of October 11, 2010
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Sept 2009 VarAvailable 363 402 -9.7%
UC Last 30 Days 70 113 -38%
Sold Last 30 Days 76 77 -1%
Absorption Rate 5.18 3.55As of October 11, 2010
Local Market Update
Ashburn Current Sept 2009 VarAvailable 358 404 -11%
UC Last 30 Days 97 114 -15%
Sold Last 30 Days 89 97 -8%
Absorption Rate 3.69 3.54As of October 11, 2010
SELLERS
MARKET
Local Market Update
Reston Current Sept 2009 VarAvailable 124 200 -38%
UC Last 30 Days 39 72 -46%
Sold Last 30 Days 48 43 +12%
Absorption Rate 3.17 2.77As of October 11, 2010
SELLERS
MARKET
Local Market Update
DC Current Sept 2009 VarAvailable 2,816 3,241 -13%
UC Last 30 Days 519 722 -28%
Sold Last 30 Days 481 552 -13%
Absorption Rate 5.42 4.48As of October 11, 2010
Local Market Update
Prince William Current Sept 2009 VarAvailable 1,702 2,635 -35%
UC Last 30 Days 497 858 -42%
Sold Last 30 Days 482 588 -18%
Absorption Rate 3.42 3.07As of October 11, 2010
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Sept 2009 VarAvailable 1,760 2,109 -16%
UC Last 30 Days 358 527 -32%
Sold Last 30 Days 384 426 -9.8%
Absorption Rate 4.91 4.00As of October 11, 2010
Local Market Update
GPAAR Current Sept 2009 VarAvailable 1,552 1,724 -10%
UC Last 30 Days 174 248 -29%
Sold Last 30 Days 195 168 +16%
Absorption Rate 8.91 6.95As of October 11, 2010
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Sept 2009 VarAvailable 1,397 1,544 -9.5%
UC Last 30 Days 163 208 -21%
Sold Last 30 Days 173 165 +5%
Absorption Rate 8.57 7.42As of October 11, 2010
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Sept 2009 VarAvailable 2,089 2,427 -14%
UC Last 30 Days 363 465 -22%
Sold Last 30 Days 347 354 -2%
Absorption Rate 5.75 5.21As of October 11, 2010
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties