february 2013 market absorption for northern virginia and washington dc
TRANSCRIPT
Market Absorptio
nNorthern Virginia
& DC
Local Market UpdateFebruary 2013
Northern Virginia Available UC Abs Rate
< $100,000 12 7 1.71
$100,000–$199,999 75 120 .63
$200,000-$299,999 208 246 .85
$300,000-$399,999 236 337 .70
$400,000-$499,999 253 275 .92$500,000-$599,999 241 204 1.18$600,000-$699,999 171 143 1.20
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. March 8, 2013
Local Market UpdateFebruary 2013
Northern Virginia Available UC Abs Rate
$700,000-$799,999 156 103 1.51
$800,000-$899,999 140 58 2.41
$900,000-$999,999 92 46 2.00
$1M -$1.49M 315 67 4.70
$1.5M -2.49 175 25 7.00$2.5 million + 133 11 12.09Overall 2,207 1,642 1.34
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. March 8, 2013
No VA Stats
Avg. SP- +8.95%
Units Sold- +5.25%
DOM- -26.67% to 55 days
Source: MRIS, Inc. March 11, 2013
Local Market UpdateFebruary 2013
PW & Loudoun Available UC Abs Rate
< $100,000 3 6 .50
$100,000–$199,999 50 108 .46
$200,000-$299,999 225 261 .86
$300,000-$399,999 380 277 1.37
$400,000-$499,999 326 211 1.55$500,000-$599,999 257 97 2.65$600,000-$699,999 229 64 3.58
Source: MRIS, Inc. March 8, 2013
Local Market UpdateFebruary 2013
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 126 22 5.73
$800,000-$899,999 65 15 4.33
$900,000-$999,999 51 8 6.38
$1M -$1.49M 71 7 10.14
$1.5M -2.49 43 0 0$2.5 million + 35 0 0Overall 1,861 1,076 1.73
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. March 8, 2013
Local Market Update
No. VA Current Feb 2012 VarAvailable 2,213 3,305 -33%
UC Last 30 Days 1,642 1,293 +27%
Sold Last 30 Days 1,116 1,076 +4%
Absorption Rate 1.35 2.56As of March 8, 2013
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Feb 2012 VarAvailable 1,585 2,325 -32%
UC Last 30 Days 1,165 965 +21%
Sold Last 30 Days 782 757 +3%
Absorption Rate 1.36 2.14As of March 8, 2013
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +10.23%
Units Sold- +5.03%
DOM- -28.77% to 52 days
Source: MRIS, Inc. March 11, 2013
Local Market Update
Alexandria City Current Feb 2012 VarAvailable 274 393 -30%
UC Last 30 Days 204 135 +51%
Sold Last 30 Days 142 120 +18%
Absorption Rate 1.34 2.91As of March 8, 2013
SELLERS
MARKET
Local Market Update
Arlington Co. Current Feb 2012 VarAvailable 304 495 -39%
UC Last 30 Days 227 145 +57%
Sold Last 30 Days 162 174 -7%
Absorption Rate 1.34 3.41As of March 8, 2013
SELLERS
MARKET
Local Market Update
Fairfax Current Feb 2012 VarAvailable 173 291 -41%
UC Last 30 Days 169 131 +29%
Sold Last 30 Days 116 92 +26%
Absorption Rate 1.02 2.22As of March 8, 2013
SELLERS
MARKET
Local Market UpdateFairfax Station Current Feb 2012 Var
Available 37 63 -41%
UC Last 30 Days 15 15 0%
Sold Last 30 Days 7 9 -22%
Absorption Rate 2.47 4.20As of March 8, 2013
Local Market Update
Clifton Current Feb 2012 VarAvailable 43 49 -12%
UC Last 30 Days 19 21 -10%
Sold Last 30 Days 15 9 +67%
Absorption Rate 2.26 2.33As of March 8, 2013
SELLERS
MARKET
Local Market Update
Herndon Current Feb 2012 VarAvailable 108 105 +3%
UC Last 30 Days 67 52 +29%
Sold Last 30 Days 45 35 +29%
Absorption Rate 1.61 2.02As of March 8, 2013
SELLERS
MARKET
Local Market UpdateSterling Current Feb 2012 Var
Available 74 131 -44%
UC Last 30 Days 90 93 -3%
Sold Last 30 Days 53 72 -26%
Absorption Rate .82 1.41As of March 8, 2013
SELLERS
MARKET
Local Market UpdateVienna/ Oakton Current Feb 2012 Var
Available 167 252 -34%
UC Last 30 Days 85 77 +10%
Sold Last 30 Days 57 51 +12%
Absorption Rate 1.96 3.27As of March 8, 2013
SELLERS
MARKET
Local Market UpdateAshburn Current Feb 2012 Var
Available 224 290 -23%
UC Last 30 Days 147 92 +60%
Sold Last 30 Days 98 74 +32%
Absorption Rate 1.52 3.15As of March 8, 2013
SELLERS
MARKET
Local Market Update
Reston Current Feb 2012 VarAvailable 87 115 -24%
UC Last 30 Days 91 50 +82%
Sold Last 30 Days 71 68 +4%
Absorption Rate .96 2.30As of March 8, 2013
SELLERS
MARKET
Local Market UpdateCentreville Current Feb 2012 Var
Available 82 98 -16%
UC Last 30 Days 90 73 +23%
Sold Last 30 Days 49 62 -21%
Absorption Rate .91 1.34As of March 8, 2013
SELLERS
MARKET
Local Market UpdateDC Current Feb 2012 Var
Available 1,045 1,633 -36%
UC Last 30 Days 590 421 +40%
Sold Last 30 Days 488 425 +15%
Absorption Rate 1.77 3.88As of March 8, 2013
SELLERS
MARKET
Local Market Update
Prince William Current Feb 2012 VarAvailable 803 1,169 -31%
UC Last 30 Days 573 505 +13%
Sold Last 30 Days 410 415 -1%
Absorption Rate 1.40 2.31As of March 8, 2013
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Feb 2012 VarAvailable 1,058 1,353 -22%
UC Last 30 Days 503 398 +26%
Sold Last 30 Days 303 290 +4%
Absorption Rate 2.10 3.40As of March 8, 2013
SELLERS
MARKET
Local Market Update
GPAAR Current Feb 2012 VarAvailable 1,075 1,195 -10%
UC Last 30 Days 224 201 +11%
Sold Last 30 Days 127 141 -10%
Absorption Rate 4.80 5.95As of March 8, 2013
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Feb 2012 VarAvailable 821 935 -12%
UC Last 30 Days 200 169 +18%
Sold Last 30 Days 132 153 -14%
Absorption Rate 4.11 5.53As of March 8, 2013
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Feb 2012 VarAvailable 1,312 1,340 -2%
UC Last 30 Days 410 383 +7%
Sold Last 30 Days 282 272 +4%
Absorption Rate 3.20 3.50As of March 8, 2013
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET