january 2014 northern virginia and washington dc real estate activity
DESCRIPTION
sold homes, under contract properties, and active listings for the Northern Virginia and Washington DC regions for January 2014TRANSCRIPT
Market Absorptio
nNorthern Virginia
& DC
Local Market UpdateJanuary 2014
Northern Virginia Available UC Abs Rate
< $100,000 17 3 5.67
$100,000–$199,999 133 86 1.55
$200,000-$299,999 301 192 1.57
$300,000-$399,999 325 274 1.19
$400,000-$499,999 314 210 1.50$500,000-$599,999 232 163 1.42$600,000-$699,999 172 115 1.50
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. February 24, 2014
Local Market UpdateJanuary 2014
Northern Virginia Available UC Abs Rate
$700,000-$799,999 173 73 2.37
$800,000-$899,999 158 46 3.43
$900,000-$999,999 94 32 2.94
$1M -$1.49M 289 57 5.07
$1.5M -2.49 200 17 11.76$2.5 million + 137 6 22.83Overall 2,776 1,274 2.18
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. February 24, 2014
No VA Stats
Avg. SP- -.59%
Units Sold- -5.05%
DOM- -5.17% to 55 days
Source: MRIS, Inc. February 24, 2104
Local Market UpdateJanuary 2014
PW & Loudoun Available UC Abs Rate
< $100,000 5 0 0.00
$100,000–$199,999 74 82 .90
$200,000-$299,999 334 222 1.50
$300,000-$399,999 457 215 2.13
$400,000-$499,999 352 150 2.35$500,000-$599,999 286 77 3.71$600,000-$699,999 267 48 5.56
Source: MRIS, Inc. February 24, 2014
Local Market UpdateJanuary 2014
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 172 19 9.05
$800,000-$899,999 87 10 8.70
$900,000-$999,999 43 6 21.50
$1M -$1.49M 61 6 10.17
$1.5M -2.49 32 0 0.00$2.5 million + 29 0 0.00Overall 2,199 831 2.65
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. February 24, 2014
Local Market Update
No. VA Current Jan 2013 VarAvailable 2,544 1,964 +30%
UC Last 30 Days 1,275 1,444 -12%
Sold Last 30 Days 940 992 -5%
Absorption Rate 2.00 1.36As of February 24, 2014
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Jan 2013 VarAvailable 1,727 1,390 +24%
UC Last 30 Days 912 1,042 -12%
Sold Last 30 Days 687 721 -5%
Absorption Rate 1.89 1.33As of February 24, 2014
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- -2.43%
Units Sold- -4.92%
DOM- 0% to 58 days
Source: MRIS, Inc. February 24, 2014
Local Market Update
Alexandria City Current Jan 2013 VarAvailable 392 243 +61%
UC Last 30 Days 136 182 -25%
Sold Last 30 Days 93 107 -13%
Absorption Rate 2.88 1.34As of February 24, 2014
SELLERS
MARKET
Local Market Update
Arlington Co. Current Jan 2013 VarAvailable 363 288 +26%
UC Last 30 Days 187 179 +4%
Sold Last 30 Days 131 132 -1%
Absorption Rate 1.94 1.61As of February 24, 2014
SELLERS
MARKET
Local Market Update
Fairfax Current Jan 2013 VarAvailable 169 138 +22%
UC Last 30 Days 128 148 -14%
Sold Last 30 Days 97 150 -35%
Absorption Rate 1.32 .93As of February 24, 2014
SELLERS
MARKET
Local Market UpdateFairfax Station Current Jan 2013 Var
Available 48 57 -16%
UC Last 30 Days 11 15 -27%
Sold Last 30 Days 6 6 0%
Absorption Rate 4.36 3.80As of February 24, 2014
Local Market Update
Clifton Current Jan 2013 VarAvailable 35 35 0%
UC Last 30 Days 13 19 -38%
Sold Last 30 Days 8 10 -20%
Absorption Rate 2.69 1.84As of February 24, 2014
SELLERS
MARKET
Local Market Update
Herndon Current Jan 2013 VarAvailable 90 64 +41%
UC Last 30 Days 51 57 -11%
Sold Last 30 Days 35 41 -15%
Absorption Rate 1.76 1.12As of February 24, 2012
SELLERS
MARKET
Local Market UpdateSterling Current Jan 2013 Var
Available 111 61 +82%
UC Last 30 Days 65 72 -10%
Sold Last 30 Days 59 70 -16%
Absorption Rate 1.71 .85As of February 24, 2014
SELLERS
MARKET
Local Market UpdateVienna/ Oakton Current Jan 2013 Var
Available 166 157 +6%
UC Last 30 Days 65 84 -23%
Sold Last 30 Days 59 64 -8%
Absorption Rate 2.55 1.87As of February 24, 2012
SELLERS
MARKET
Local Market UpdateAshburn Current Jan 2013 Var
Available 288 222 +30%
UC Last 30 Days 102 114 -11%
Sold Last 30 Days 72 91 -21%
Absorption Rate 2.82 1.95As of February 24, 2012
SELLERS
MARKET
Local Market Update
Reston Current Jan 2013 VarAvailable 115 50 +130%
UC Last 30 Days 65 75 -13%
Sold Last 30 Days 53 50 +6%
Absorption Rate 1.77 .67As of February 24, 2012
SELLERS
MARKET
Local Market UpdateCentreville Current Jan 2013 Var
Available 91 56 +63%
UC Last 30 Days 68 71 -4%
Sold Last 30 Days 53 49 +8%
Absorption Rate 1.34 .79As of February 24, 2014
SELLERS
MARKET
Local Market UpdateDC Current Jan 2013 Var
Available 987 982 +1%
UC Last 30 Days 561 594 -6%
Sold Last 30 Days 474 442 +7%
Absorption Rate 1.76 1.65As of February 24, 2014
SELLERS
MARKET
Local Market Update
Prince William Current Jan 2013 VarAvailable 1,029 800 +29%
UC Last 30 Days 464 528 -12%
Sold Last 30 Days 309 362 -15%
Absorption Rate 2.22 1.52As of February 24, 2014
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Jan 2013 VarAvailable 1,168 996 +17%
UC Last 30 Days 367 422 -13%
Sold Last 30 Days 285 328 -13%
Absorption Rate 3.18 2.36As of February 24, 2014
SELLERS
MARKET
Local Market Update
GPAAR Current Jan 2013 VarAvailable 931 1,037 -10%
UC Last 30 Days 170 198 -14%
Sold Last 30 Days 109 174 -37%
Absorption Rate 5.48 5.24As of February 24, 2014
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Jan 2013 VarAvailable 950 799 +19%
UC Last 30 Days 156 171 -9%
Sold Last 30 Days 149 145 +3%
Absorption Rate 6.09 4.67As of February 24, 2014
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Jan 2013 VarAvailable 1,551 1,244 +25%
UC Last 30 Days 385 407 -5%
Sold Last 30 Days 230 267 -14%
Absorption Rate 4.03 3.06As of February 24, 2014
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET