january stats for northern virginia
DESCRIPTION
January Stats for the Northern Virginia Market.TRANSCRIPT
Market Absorption
Virginia
Local Market UpdateJanuary 2011
Northern Virginia Available UC Abs Rate
< $100,000 40 26 1.53
$100,000–$199,999 298 170 1.75
$200,000-$299,999 499 217 2.29
$300,000-$399,999 600 241 2.48
$400,000-$499,999 484 184 2.63
$500,000-$599,999 364 119 3.05
$600,000-$699,999 255 87 2.93Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. February 14, 2011
Local Market UpdateJanuary 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 206 54 3.81
$800,000-$899,999 188 32 5.87
$900,000-$999,999 117 15 7.80
$1M -$1.49M 278 42 6.61
$1.5M -2.49 184 7 26.28
$2.5 million + 107 2 53.50
Overall 3,620 1,196 3.02Absorption 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 14, 2011
No VA Stats
Avg. SP- +2.75%
Units Sold- -11.59%
DOM- +28% to 73 days
Source: MRIS, Inc. February 14, 2011
Local Market UpdateJanuary 2011
PW & Loudoun Available UC Abs Rate
< $100,000 15 16 .93
$100,000–$199,999 318 238 1.33
$200,000-$299,999 537 238 2.25
$300,000-$399,999 504 130 3.87
$400,000-$499,999 416 88 4.72
$500,000-$599,999 316 55 5.74
$600,000-$699,999 180 27 6.66Source: MRIS, Inc. February 14, 2011
Local Market UpdateJanuary 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 110 10 11.00
$800,000-$899,999 69 10 6.90
$900,000-$999,999 55 3 18.33
$1M -$1.49M 82 2 41.00
$1.5M -2.49 39 1 39.00
$2.5 million + 26 0 0
Overall 2,653 818 4.24Absorption 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 14, 2011
Local Market Update
No. VA Current Jan 2010 VarAvailable 3,620 4,250 -15%
UC Last 30 Days 1,197 1,169 +2.4%
Sold Last 30 Days 922 1,001 -7.8%
Absorption Rate 3.02 3.63As of February 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Jan 2010 VarAvailable 2,541 2,930 -13%
UC Last 30 Days 893 867 +3%
Sold Last 30 Days 648 732 -11%
Absorption Rate 2.84 3.37As of February 14, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +1.75%
Units Sold- -13%
DOM- +35% to 77days
Source: MRIS, Inc. February 14, 2011
Local Market Update
Alexandria City Current Jan 2010 VarAvailable 488 535 -9%
UC Last 30 Days 140 118 +19%
Sold Last 30 Days 116 114 +2%
Absorption Rate 3.48 4.53As of February 14, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Jan 2010 VarAvailable 511 684 -25%
UC Last 30 Days 142 162 -12%
Sold Last 30 Days 131 134 -2%
Absorption Rate 3.59 4.22As of February 14, 2011
SELLERS
MARKET
Local Market Update
Clifton Current Jan 2010 VarAvailable 45 48 -6%
UC Last 30 Days 15 11 +36%
Sold Last 30 Days 7 12 -41%
Absorption Rate 3.00 4.36As of February 14, 2011
SELLERS
MARKET
Local Market Update
Herndon Current Jan 2010 VarAvailable 108 167 -35%
UC Last 30 Days 62 57 +9%
Sold Last 30 Days 26 65 -60%
Absorption Rate 1.74 2.92As of February 14, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Jan 2010 VarAvailable 153 205 -25%
UC Last 30 Days 86 69 +24%
Sold Last 30 Days 70 76 -8%
Absorption Rate 1.77 2.97As of February 14, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Jan 2010 VarAvailable 223 245 -9%
UC Last 30 Days 66 61 +8%
Sold Last 30 Days 40 43 -7%
Absorption Rate 3.37 4.01As of February 14, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current Jan 2010 VarAvailable 269 357 -25%
UC Last 30 Days 79 83 -5%
Sold Last 30 Days 62 68 -9%
Absorption Rate 3.40 4.30As of February 14, 2011
SELLERS
MARKET
Local Market Update
Reston Current Jan 2010 VarAvailable 71 233 -69%
UC Last 30 Days 27 65 -58%
Sold Last 30 Days 29 62 -53%
Absorption Rate 2.62 3.58As of February 14, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Jan 2010 VarAvailable 135 154 -12%
UC Last 30 Days 80 54 +48%
Sold Last 30 Days 54 57 -5%
Absorption Rate 1.68 2.85As of February 14, 2011
SELLERS
MARKET
Local Market Update
DC Current Jan 2010 VarAvailable 2,240 2,498 -10%
UC Last 30 Days 389 408 -5%
Sold Last 30 Days 393 349 +13%
Absorption Rate 5.75 6.12As of February 14, 2011
Local Market Update
Prince William Current Jan 2010 VarAvailable 1,370 1,624 -16%
UC Last 30 Days 493 449 +10%
Sold Last 30 Days 341 400 -15%
Absorption Rate 2.77 3.61As of February 14, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Jan 2010 VarAvailable 1,302 1557 -16%
UC Last 30 Days 326 301 +9%
Sold Last 30 Days 256 261 -2%
Absorption Rate 3.99 5.17As of February 14, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current Jan 2010 VarAvailable 1,290 1,297 -1%
UC Last 30 Days 130 123 +6%
Sold Last 30 Days 111 118 -6%
Absorption Rate 9.92 10.54As of February 14, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Jan 2010 VarAvailable 1,173 1,199 -2%
UC Last 30 Days 134 121 +11%
Sold Last 30 Days 122 124 -2%
Absorption Rate 8.75 9.90As of February 14, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Jan 2010 VarAvailable 1,842 1,922 -4.1%
UC Last 30 Days 353 260 +36%
Sold Last 30 Days 236 253 -7%
Absorption Rate 5.21 7.39As of February 14, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties