june 2015 real estate market activity for northern virginia and washington dc
TRANSCRIPT
- 1. 10 Vital Statistics You Must Know Fairfax Co. Stats YTD Total listings- 4,337 Avg LP- $554,666 Avg SP- $545,383 LP/ SP- 97.4% DOM- 50 Sales YTD- 7,370 (+10.02%) Appreciation/ Depreciation- +1.54% Months of Supply- 2.60 Interest Rate- 4.25 Source: MRIS, Inc. July 20, 2015
- 2. 10 Vital Statistics You Must Know Prince William Co. Stats YTD Total listings- 1,970 Avg LP- $360,490 Avg SP- $355,595 LP/ SP- 97.1% DOM- 58 Sales YTD- 3,336 (+10.98%) Appreciation/ Depreciation- +2.39% Months of Supply- 2.44 Interest Rate- 4.25 Source: MRIS, Inc. July 20, 2015
- 3. 10 Vital Statistics You Must Know Loudoun Co. Stats YTD Total listings- 2,213 Avg LP- $488,357 Avg SP- $480,620 LP/ SP- 97.2% DOM- 63 Sales YTD- 3,141 (+14.76%) Appreciation/ Depreciation- +1.74% Months of Supply- 3.35 Interest Rate- 4.52 Source: MRIS, Inc. July 20, 2015
- 4. Local Market Update June 2015 Northern Virginia Available UC Abs Rate < $100,000 16 5 3.20 $100,000$199,999 260 129 2.02 $200,000-$299,999 679 237 2.86 $300,000-$399,999 814 407 2.00 $400,000-$499,999 689 385 1.79 $500,000-$599,999 633 302 2.10 $600,000-$699,999 563 254 2.22 Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. July 20, 2015
- 5. Local Market Update June 2015 Northern Virginia Available UC Abs Rate $700,000-$799,999 445 184 2.42 $800,000-$899,999 318 124 2.56 $900,000-$999,999 231 59 3.92 $1M -$1.49M 635 108 5.88 $1.5M -2.49 378 42 9.00 $2.5 million + 150 9 16.67 Overall 5,081 2,245 2.26 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 July 20, 2015
- 6. No VA Stats- June Avg. SP- 0% Units Sold- +17.02% DOM- +20% to 36 days Source: MRIS, Inc. July 20, 2015 Year over year
- 7. Local Market Update June 2015 Prince William Available UC Abs Rate < $100,000 0 0 0.00 $100,000$199,999 103 81 1.27 $200,000-$299,999 418 257 1.63 $300,000-$399,999 457 191 2.39 $400,000-$499,999 447 148 3.02 $500,000-$599,999 323 60 5.38 $600,000-$699,999 143 22 6.50 Source: MRIS, Inc. July 20, 2015
- 8. Local Market Update June 2015 Prince William Available UC Abs Rate $700,000-$799,999 70 5 14.00 $800,000-$899,999 39 3 13.00 $900,000-$999,999 21 1 21.00 $1M -$1.49M 25 0 0.00 $1.5M -2.49 5 0 0.00 $2.5 million + 1 0 0.00 Overall 2,052 768 2.67 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. July 20, 2015
- 9. Local Market Update June 2015 Loudoun Available UC Abs Rate < $100,000 0 1 0.00 $100,000$199,999 46 31 1.48 $200,000-$299,999 163 69 2.36 $300,000-$399,999 373 183 2.04 $400,000-$499,999 348 123 2.83 $500,000-$599,999 352 89 3.96 $600,000-$699,999 389 75 5.24 Source: MRIS, Inc. July 20, 2015
- 10. Local Market Update June 2015 Loudoun Available UC Abs Rate $700,000-$799,999 224 37 6.05 $800,000-$899,999 127 20 6.35 $900,000-$999,999 61 6 10.17 $1M -$1.49M 117 8 14.63 $1.5M -2.49 48 5 9.60 $2.5 million + 28 0 0.00 Overall 2,276 647 3.52 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. July 20, 2015
- 11. Local Market Update No. VA Current June 2014 Var Available 5,735 4,779 +20% UC Last 30 Days 2,326 2,047 +14% Sold Last 30 Days 2,544 2,174 +17% Absorption Rate 2.47 2.33 As of July 20, 2015 SELLERS MARKET
- 12. Local Market Update Fairfax Co. Current June 2014 Var Available 4,337 3,560 +22% UC Last 30 Days 1,670 1,457 +15% Sold Last 30 Days 1,861 1,560 +19% Absorption Rate 2.60 2.44 As of July 20, 2015 SELLERS MARKET
- 13. Fairfax Co. Stats- June Avg. SP- -.84% Units Sold- +19.29% DOM- +21.43% to 34 days Source: MRIS, Inc. July 20, 2015 Year over year
- 14. Local Market Update Alexandria City Current June 2014 Var Available 576 522 +10% UC Last 30 Days 263 249 +6% Sold Last 30 Days 263 265 -1% Absorption Rate 2.19 2.10 As of July 20, 2015 SELLERS MARKET
- 15. Local Market Update Arlington Co. Current June 2014 Var Available 697 591 +18% UC Last 30 Days 324 280 +16% Sold Last 30 Days 352 283 +24% Absorption Rate 2.15 2.11 As of July 20, 2015 SELLERS MARKET
- 16. Local Market Update Annandale Current June 2014 Var Available 172 104 +65% UC Last 30 Days 76 57 +33% Sold Last 30 Days 88 62 +42% Absorption Rate 2.26 1.82 As of July 20, 2015 SELLERS MARKET
- 17. Local Market Update Ashburn Current June 2014 Var Available 545 572 -5% UC Last 30 Days 164 159 +3% Sold Last 30 Days 213 202 +5% Absorption Rate 3.32 2.83 As of July 20, 2015 SELLERS MARKET
- 18. Local Market Update Bristow Current June 2014 Var Available 110 132 -17% UC Last 30 Days 82 47 +74% Sold Last 30 Days 73 55 +33% Absorption Rate 1.34 2.81 As of July 20, 2015 SELLERS MARKET
- 19. Local Market Update Burke Current June 2014 Var Available 106 100 +6% UC Last 30 Days 69 52 +33% Sold Last 30 Days 95 68 +40% Absorption Rate 1.54 1.92 As of July 20, 2015 SELLERS MARKET
- 20. Local Market Update Centreville Current June 2014 Var Available 272 222 +23% UC Last 30 Days 121 113 +7% Sold Last 30 Days 142 119 +19% Absorption Rate 2.25 1.96 As of July 20, 2015 SELLERS MARKET
- 21. Local Market Update Chantilly Current June 2014 Var Available 220 172 +28% UC Last 30 Days 100 78 +28% Sold Last 30 Days 78 71 +10% Absorption Rate 2.20 2.21 As of July 20, 2015 SELLERS MARKET
- 22. Local Market Update Clifton Current June 2014 Var Available 105 87 +21% UC Last 30 Days 21 19 +11% Sold Last 30 Days 22 39 -44% Absorption Rate 5.00 4.58 As of July 20, 2015
- 23. Local Market Update Fairfax Current June 2014 Var Available 537 428 +25% UC Last 30 Days 248 197 +26% Sold Last 30 Days 270 243 +11% Absorption Rate 2.17 2.17 As of July 20, 2015 SELLERS MARKET
- 24. Local Market Update Fairfax Station Current June 2014 Var Available 73 87 -16% UC Last 30 Days 24 26 -8% Sold Last 30 Days 28 27 +4% Absorption Rate 3.04 3.35 As of July 20, 2015 SELLERS MARKET
- 25. Local Market Update Gainesville Current June 2014 Var Available 226 192 +18% UC Last 30 Days 76 73 +4% Sold Last 30 Days 73 56 +30% Absorption Rate 2.97 2.63 As of July 20, 2015 SELLERS MARKET
- 26. Local Market Update Great Falls Current June 2014 Var Available 219 227 -4% UC Last 30 Days 26 13 +100% Sold Last 30 Days 26 19 +37% Absorption Rate 8.42 17.46 As of July 20, 2015
- 27. Local Market Update Haymarket Current June 2014 Var Available 250 192 +30% UC Last 30 Days 63 48 +31% Sold Last 30 Days 43 60 -28% Absorption Rate 3.97 4.00 As of July 20, 2015
- 28. Local Market Update Herndon Current June 2014 Var Available 258 250 +3% UC Last 30 Days 110 91 +21% Sold Last 30 Days 125 96 +30% Absorption Rate 2.35 2.75 As of July 20, 2015 SELLERS MARKET
- 29. Local Market Update Leesburg Current June 2014 Var Available 551 525 +5% UC Last 30 Days 159 132 +20% Sold Last 30 Days 172 134 +28% Absorption Rate 3.47 3.98 As of July 20, 2015
- 30. Local Market Update Manassas Current June 2014 Var Available 570 412 +38% UC Last 30 Days 238 221 +8% Sold Last 30 Days 201 192 +5% Absorption Rate 2.39 1.86 As of July 20, 2015 SELLERS MARKET
- 31. Local Market Update McLean Current June 2014 Var Available 450 307 +47% UC Last 30 Days 80 91 -12% Sold Last 30 Days 103 83 +24% Absorption Rate 5.63 3.37 As of July 20, 2015
- 32. Local Market Update Reston Current June 2014 Var Available 360 242 +49% UC Last 30 Days 139 101 +38% Sold Last 30 Days 124 107 +16% Absorption Rate 2.59 2.40 As of July 20, 2015 SELLERS MARKET
- 33. Local Market Update Springfield Current June 2014 Var Available 247 224 +10% UC Last 30 Days 154 139 +11% Sold Last 30 Days 174 147 +18% Absorption Rate 1.60 1.61 As of July 20, 2015 SELLERS MARKET
- 34. Local Market Update Sterling Current June 2014 Var Available 257 267 -4% UC Last 30 Days 159 114 +39% Sold Last 30 Days 165 135 +22% Absorption Rate 1.62 2.34 As of July 20, 2015 SELLERS MARKET
- 35. Local Market Update Vienna/ Oakton Current June 2014 Var Available 425 322 +32% UC Last 30 Days 148 120 +23% Sold Last 30 Days 173 132 +31% Absorption Rate 2.87 2.68 As of July 20, 2015 SELLERS MARKET
- 36. Local Market Update Woodbridge Current June 2014 Var Available 754 710 +6% UC Last 30 Days 350 315 +11% Sold Last 30 Days 339 308 +10% Absorption Rate 2.15 2.25 As of July 20, 2015 SELLERS MARKET
- 37. Local Market Update DC Current June 2014 Var Available 1,242 1,304 -5% UC Last 30 Days 911 864 +5% Sold Last 30 Days 863 839 +3% Absorption Rate 1.36 1.51 As of July 20, 2015 SELLERS MARKET
- 38. Local Market Update Loudoun Co. Current June 2014 Var Available 2,213 2,194 +7% UC Last 30 Days 661 559 +18% Sold Last 30 Days 758 632 +20% Absorption Rate 3.35 3.92 As of July 20, 2015 SELLERS MARKET
- 39. Local Market Update Prince William Current June 2014 Var Available 1,970 1,770 +11% UC Last 30 Days 809 689 +17% Sold Last 30 Days 757 688 +10% Absorption Rate 2.44 2.57 As of July 20, 2015 SELLERS MARKET
- 40. Local Market Update GPAAR Current June 2014 Var Available 1,454 1,358 +7% UC Last 30 Days 277 260 +7% Sold Last 30 Days 264 224 +18% Absorption Rate 5.25 5.22 As of July 20, 2015 **Includes Fauquier, Culpeper, Orange, Madison and Rappahannock Counties
- 41. Local Market Update BRAR Current June 2014 Var Available 1,227 1,304 -6% UC Last 30 Days 285 206 +38% Sold Last 30 Days 302 248 +22% Absorption Rate 4.31 6.33 As of July 20, 2015 **Includes Clarke, Frederick, Warren Counties & Winchester City
- 42. Local Market Update FAAR Current June 2014 Var Available 2,133 2,146 -1% UC Last 30 Days 554 536 +3% Sold Last 30 Days 611 471 +30% Absorption Rate 3.85 4.00 As of July 20, 2015 **Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties