october 2016 market absorption for northern virginia and washington dc
TRANSCRIPT
Market Absorption Virginia
Market AbsorptionNorthern Virginia & DC
10 Vital Statistics You Must Know
Fairfax Co. Stats YTDTotal listings- 3,298Avg LP- $554,276Avg SP- $544,971LP/ SP- 97.3%DOM- 51Sales YTD- 13,507 (+5.79%)Appreciation/ Depreciation- 0%Months of Supply- 2.70Interest Rate- 3.85%Source: MRIS, Inc. November 14, 2016
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10 Vital Statistics You Must Know
Prince William Co. Stats YTDTotal listings- 1,348Avg LP- $366,880Avg SP- $362,884LP/ SP- 97.7%DOM- 50Sales YTD- 6,340 (+7.19%)Appreciation/ Depreciation- +2.56%Months of Supply- 2.24Interest Rate- 3.85%
Source: MRIS, Inc. November 14, 2016
3
10 Vital Statistics You Must Know
Loudoun Co. Stats YTDTotal listings- 1,515Avg LP- $488,131Avg SP- $481,125LP/ SP- 97.6%DOM- 51Sales YTD- 5,819 (+6.52%)Appreciation/ Depreciation- +1%Months of Supply- 2.77Interest Rate- 3.85%
Source: MRIS, Inc. November 14, 2016
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Local Market UpdateOctober 2016
Northern VirginiaAvailableUCAbs Rate< $100,000924.50$100,000$199,9992101032.04$200,000-$299,9994522102.15$300,000-$399,9994783001.59$400,000-$499,9994512851.58$500,000-$599,9994222151.96$600,000-$699,9993911952.01
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. November 14, 2016
5Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update October 2016
Northern VirginiaAvailableUCAbs Rate$700,000-$799,9993051032.96$800,000-$899,999230842.74$900,000-$999,999185414.51$1M -$1.49M533965.55$1.5M -2.493382712.52$2.5 million +1471014.70Overall4,1511,6712.48
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 November 14, 2016
6Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
No VA Stats- OctoberAvg. SP- +1%
Units Sold- +1.05%
DOM- -10.34% to 52 days
Source: MRIS, Inc. November 14, 2016 Year over year
Local Market UpdateOctober 2016
Prince WilliamAvailableUCAbs Rate< $100,000100.00$100,000$199,99955411.34$200,000-$299,9992571831.40$300,000-$399,9993111352.30$400,000-$499,9992261201.88$500,000-$599,999187444.25$600,000-$699,99995910.56
Source: MRIS, Inc. November 14, 2016
8Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateOctober 2016
Prince WilliamAvailableUCAbs Rate$700,000-$799,99949224.50$800,000-$899,9992446.00$900,000-$999,999919.00$1M -$1.49M27213.50$1.5M -2.49300.00$2.5 million +200.00Overall1,2465412.30
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. November 14, 2016
9Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateOctober 2016
LoudounAvailableUCAbs Rate< $100,000414.00$100,000$199,99925231.09$200,000-$299,99994641.47$300,000-$399,9991711691.01$400,000-$499,9992001091.83$500,000-$599,999193682.84$600,000-$699,999268574.70
Source: MRIS, Inc. November 14, 2016
10Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateOctober 2016
LoudounAvailableUCAbs Rate$700,000-$799,999152384.00$800,000-$899,99993204.65$900,000-$999,9995177.29$1M -$1.49M6888.50$1.5M -2.4955227.50$2.5 million +2700.00Overall1,4015662.48
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. November 14, 2016
11Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
No. VACurrentOct 2015VarAvailable4,4375,572-20%UC Last 30 Days1,7311,686+3%Sold Last 30 Days1,5401,524+1%Absorption Rate2.563.30As of November 14, 2016
12Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax Co.CurrentOct 2015VarAvailable3,2984,228-22%UC Last 30 Days1,2211,201+2%Sold Last 30 Days1,1101,1060%Absorption Rate2.703.52As of November 14, 2016
13Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Fairfax Co. Stats- OctoberAvg. SP- +1.51%
Units Sold- 0%
DOM- -13.11% to 53 days
Source: MRIS, Inc November 14, 2016 Year over year
14
Local Market Update
Alexandria CityCurrentOct 2015VarAvailable443556-20%UC Last 30 Days220215+2%Sold Last 30 Days158170-7%Absorption Rate2.012.59As of November 14, 2016
15Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Arlington Co.CurrentOct 2015VarAvailable578681-15%UC Last 30 Days245223+10%Sold Last 30 Days237203+17%Absorption Rate2.363.05As of November 14, 2016
16Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AnnandaleCurrentOct 2015VarAvailable126141-11%UC Last 30 Days5250+4%Sold Last 30 Days5447+15%Absorption Rate2.422.82As of November 14, 2016
SELLERS MARKET
17Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AshburnCurrentOct 2015VarAvailable298460-35%UC Last 30 Days158132+20%Sold Last 30 Days148130+14%Absorption Rate1.893.48As of November 14, 2016
SELLERS MARKET
18Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BristowCurrentOct 2015VarAvailable80119-33%UC Last 30 Days4245-7%Sold Last 30 Days4937+32%Absorption Rate1.902.64As of November 14, 2016
SELLERS MARKET
19Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BurkeCurrentOct 2015VarAvailable82126-35%UC Last 30 Days5254-4%Sold Last 30 Days4241+2%Absorption Rate1.582.33As of November 14, 2016
SELLERS MARKET
20Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CentrevilleCurrentOct 2015VarAvailable189268-29%UC Last 30 Days9678+23%Sold Last 30 Days8078+3%Absorption Rate1.973.44As of November 14, 2016
SELLERS MARKET
21Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ChantillyCurrentOct 2015VarAvailable138213-35%UC Last 30 Days6456+14%Sold Last 30 Days6950+38%Absorption Rate2.163.80As of November 14, 2016
SELLERS MARKET
22Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CliftonCurrentOct 2015VarAvailable6584-23%UC Last 30 Days1815+20%Sold Last 30 Days1218-33%Absorption Rate3.615.60As of November 14, 2016
23Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
FairfaxCurrentOct 2015VarAvailable340481-29%UC Last 30 Days173180-4%Sold Last 30 Days164176-7%Absorption Rate1.972.67As of November 14, 2016
SELLERS MARKET
24Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax StationCurrentOct 2015VarAvailable6079-24%UC Last 30 Days1715+13%Sold Last 30 Days1820-10%Absorption Rate3.535.27As of November 14, 2016
25Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
GainesvilleCurrentOct 2015VarAvailable146196-26%UC Last 30 Days5861-5%Sold Last 30 Days5747+21%Absorption Rate2.523.21As of November 14, 2016
26Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Great FallsCurrentOct 2015VarAvailable160216-26%UC Last 30 Days1724-29%Sold Last 30 Days2018+11%Absorption Rate9.419.00As of November 14, 2016
27Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HaymarketCurrentOct 2015VarAvailable158215-27%UC Last 30 Days3328+18%Sold Last 30 Days4348-10%Absorption Rate4.797.68As of November 14, 2016
28Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HerndonCurrentOct 2015VarAvailable209257-19%UC Last 30 Days7074-5%Sold Last 30 Days6472-11%Absorption Rate2.993.47As of November 14, 2016
29Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
LeesburgCurrentOct 2015VarAvailable361479-25%UC Last 30 Days136120+13%Sold Last 30 Days125100+25%Absorption Rate2.653.99As of November 14, 2016
SELLERS MARKET
30Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ManassasCurrentOct 2015VarAvailable370562-34%UC Last 30 Days206184+12%Sold Last 30 Days167157+6%Absorption Rate1.803.05As of November 14, 2016
SELLERS MARKET
31Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
McLeanCurrentOct 2015VarAvailable400432-7%UC Last 30 Days7060+17%Sold Last 30 Days6466-3%Absorption Rate5.717.20As of November 14, 2016
32Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
OaktonCurrentOct 2015VarAvailable85111-23%UC Last 30 Days1924-21%Sold Last 30 Days2027-26%Absorption Rate4.474.63As of November 14, 2016
33Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
RestonCurrentOct 2015VarAvailable260383-32%UC Last 30 Days9593+2%Sold Last 30 Days9395-2%Absorption Rate2.744.12As of November 14, 2016
SELLERS MARKET
34Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SpringfieldCurrentOct 2015VarAvailable185269-31%UC Last 30 Days11396+18%Sold Last 30 Days10084+19%Absorption Rate1.642.80As of November 14, 2014
SELLERS MARKET
35Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SterlingCurrentOct 2015VarAvailable186256-27%UC Last 30 Days99114-13%Sold Last 30 Days10394+10%Absorption Rate1.882.25As of November 14, 2016
SELLERS MARKET
36Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ViennaCurrentOct 2015VarAvailable246289-15%UC Last 30 Days77770%Sold Last 30 Days6452+23%Absorption Rate3.193.75As of November 14, 2016
37Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
10 Vital Statistics You Must Know
Vienna Stats YTDTotal listings- 246Avg LP- $790,718Avg SP- $776,764LP/ SP- 97.0%DOM- 59Sales YTD- 806 (+1.38%)Appreciation/ Depreciation- -1.95%Months of Supply- 3.19Interest Rate- 3.85%
Source: MRIS, Inc. November 14, 2016
38
Local Market Update
WoodbridgeCurrentOct 2015VarAvailable521718-27%UC Last 30 Days267281-5%Sold Last 30 Days266210-27%Absorption Rate1.952.56As of November 14, 2016
SELLERS MARKET
39Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
DCCurrentOct 2015VarAvailable1,3741,512-28%UC Last 30 Days8448420%Sold Last 30 Days630644-2%Absorption Rate1.631.80As of November 14, 2016
SELLERS MARKET
40Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Loudoun Co.CurrentOct 2015VarAvailable1,5152,023-25%UC Last 30 Days548496+10%Sold Last 30 Days499432+16%Absorption Rate2.764.08As of November 14, 2016
SELLERS MARKET
41Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Prince WilliamCurrentOct 2015VarAvailable1,3481,867-28%UC Last 30 Days602597+1%Sold Last 30 Days563490+15%Absorption Rate2.243.13As of November 14, 2016
SELLERS MARKET
42Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.