july 2013 market information for northern virginia and washington dc
TRANSCRIPT
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Market Absorptio
nNorthern Virginia
& DC
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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
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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
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No VA Stats
Avg. SP- +6.98%
Units Sold- +16.13%
DOM- -43.18% to 25 days
Source: MRIS, Inc. August 19, 2013
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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
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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
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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
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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
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Fairfax Co. Stats
Avg. SP- +7.50%
Units Sold- +18.54%
DOM- -41.86% to 25 days
Source: MRIS, Inc. August 19, 2013
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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