december 2012 market absorption rates for northern virginia and washington dc
TRANSCRIPT
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Market Absorptio
nNorthern Virginia
& DC
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Local Market UpdateDecember 2012
Northern Virginia Available UC Abs Rate
< $100,000 14 8 1.75
$100,000–$199,999 83 77 1.08
$200,000-$299,999 184 182 1.01
$300,000-$399,999 243 231 1.05
$400,000-$499,999 243 191 1.27$500,000-$599,999 204 140 1.46$600,000-$699,999 180 90 2.00
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. January 14, 2013
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Local Market UpdateDecember 2012
Northern Virginia Available UC Abs Rate
$700,000-$799,999 154 58 2.66
$800,000-$899,999 123 33 3.73
$900,000-$999,999 77 15 3.73
$1M -$1.49M 271 48 5.13
$1.5M -2.49 157 21 7.48$2.5 million + 134 2 67.00Overall 2,067 1,096 1.89
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. January 14, 2013
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No VA Stats
Avg. SP- +10.66%
Units Sold- +7.99%
DOM- -17.39% to 57 days
Source: MRIS, Inc. January 14, 2103
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Local Market UpdateDecember 2012
PW & Loudoun Available UC Abs Rate
< $100,000 7 10 .70
$100,000–$199,999 90 98 .92
$200,000-$299,999 264 213 1.24
$300,000-$399,999 366 228 1.61
$400,000-$499,999 322 133 2.42$500,000-$599,999 284 70 4.06$600,000-$699,999 180 36 5.00
Source: MRIS, Inc. January 14, 2013
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Local Market UpdateDecember 2012
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 118 23 5.13
$800,000-$899,999 65 13 5.00
$900,000-$999,999 43 1 43.00
$1M -$1.49M 55 7 7.86
$1.5M -2.49 36 1 36.00$2.5 million + 33 0 0Overall 1,863 833 2.24
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. January 14, 2013
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Local Market Update
No. VA Current Dec 2011 VarAvailable 2,068 3,087 -33%
UC Last 30 Days 1,096 698 +57%
Sold Last 30 Days 1,389 1,286 +30%
Absorption Rate 1.89 4.42As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Fairfax Co. Current Dec 2011 VarAvailable 1,467 2,184 -33%
UC Last 30 Days 795 529 +50%
Sold Last 30 Days 1,007 932 +8%
Absorption Rate 1.85 4.13As of January 14, 2013
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- +12.97%
Units Sold- +8.06%
DOM- -14.71% to 58 days
Source: MRIS, Inc. January 14, 2013
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Local Market Update
Alexandria City Current Dec 2011 VarAvailable 271 359 -25%
UC Last 30 Days 131 73 +79%
Sold Last 30 Days 165 139 +19%
Absorption Rate 2.07 3.89As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Arlington Co. Current Dec 2011 VarAvailable 274 439 -38%
UC Last 30 Days 135 81 +67%
Sold Last 30 Days 180 178 +1%
Absorption Rate 2.03 4.85As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Fairfax Current Dec 2011 VarAvailable 129 248 -48%
UC Last 30 Days 115 63 +83%
Sold Last 30 Days 101 118 -14%
Absorption Rate 1.12 3.54As of January 14, 2013
SELLERS
MARKET
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Local Market UpdateFairfax Station Current Dec 2011 Var
Available 38 64 -41%
UC Last 30 Days 6 5 +20%
Sold Last 30 Days 17 14 +21%
Absorption Rate 6.33 12.80As of January 14, 2013
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Local Market Update
Clifton Current Dec 2011 VarAvailable 39 58 -33%
UC Last 30 Days 19 6 +217%
Sold Last 30 Days 10 8 +25%
Absorption Rate 2.05 9.67As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Herndon Current Dec 2011 VarAvailable 57 80 -29%
UC Last 30 Days 50 31 +61%
Sold Last 30 Days 63 69 -9%
Absorption Rate 1.14 2.58As of January 14, 2013
SELLERS
MARKET
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Local Market UpdateSterling Current Dec 2011 Var
Available 70 130 -46%
UC Last 30 Days 65 48 +35%
Sold Last 30 Days 85 93 -9%
Absorption Rate .98 2.00As of January 14, 2013
SELLERS
MARKET
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Local Market UpdateVienna/ Oakton Current Dec 2011 Var
Available 161 215 -25%
UC Last 30 Days 64 30 +113%
Sold Last 30 Days 83 69 +20%
Absorption Rate 2.52 7.17As of January 14, 2013
SELLERS
MARKET
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Local Market UpdateAshburn Current Dec 2011 Var
Available 202 258 -22%
UC Last 30 Days 148 43 +244%
Sold Last 30 Days 143 125 +14%
Absorption Rate 1.36 6.00As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Reston Current Dec 2011 VarAvailable 60 110 -45%
UC Last 30 Days 51 40 +28%
Sold Last 30 Days 66 62 +6%
Absorption Rate 1.18 2.75As of January 14, 2013
SELLERS
MARKET
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Local Market UpdateCentreville Current Dec 2011 Var
Available 61 95 -36%
UC Last 30 Days 58 49 +18%
Sold Last 30 Days 63 74 -15%
Absorption Rate 1.05 1.94As of January 14, 2013
SELLERS
MARKET
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Local Market UpdateDC Current Dec 2011 Var
Available 1,003 1,655 -39%
UC Last 30 Days 486 298 +63%
Sold Last 30 Days 568 514 +11%
Absorption Rate 2.06 5.55As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Prince William Current Dec 2011 VarAvailable 839 1,091 -23%
UC Last 30 Days 426 311 +37%
Sold Last 30 Days 426 457 -7%
Absorption Rate 1.97 3,51As of January 14, 2013
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current Dec 2011 VarAvailable 1,022 1,295 -21%
UC Last 30 Days 407 201 +102%
Sold Last 30 Days 459 396 +16%
Absorption Rate 2.51 6.44As of January 14, 2013
SELLERS
MARKET
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Local Market Update
GPAAR Current Dec 2011 VarAvailable 1,081 1,206 -10%
UC Last 30 Days 141 108 +31%
Sold Last 30 Days 141 155 -9%
Absorption Rate 7.67 11.17As of January 14, 2013
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current Dec 2011 VarAvailable 797 944 -16%
UC Last 30 Days 149 89 +67%
Sold Last 30 Days 152 154 -1%
Absorption Rate 5.35 10.61As of January 14, 2013
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current Dec 2011 VarAvailable 1,289 1,365 -6%
UC Last 30 Days 284 220 +29%
Sold Last 30 Days 304 325 -6%
Absorption Rate 4.54 6.20As of January 14, 2013
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET