march absorption for northern virginia areas
TRANSCRIPT
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Market Absorption
Virginia
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Local Market UpdateMarch 2011
Northern Virginia Available UC Abs Rate
< $100,000 37 26 1.42
$100,000–$199,999 212 183 1.16
$200,000-$299,999 539 284 1.89
$300,000-$399,999 642 384 1.67
$400,000-$499,999 573 257 2.22
$500,000-$599,999 543 207 2.62
$600,000-$699,999 349 138 2.52Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. April 11, 2011
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Local Market UpdateMarch 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 294 112 2.62
$800,000-$899,999 222 58 3.82
$900,000-$999,999 144 39 3.69
$1M -$1.49M 348 62 5.61
$1.5M -2.49 231 15 15.4
$2.5 million + 130 3 43.8
Overall 4,264 1,768 2.41Absorption 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. April 11, 2011
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No VA Stats
Avg. SP- +2.77%
Units Sold- -14.46%
DOM- +32.69% to 69 days
Source: MRIS, Inc. April 11, 2011
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Local Market UpdateMarch 2011
PW & Loudoun Available UC Abs Rate
< $100,000 15 17 .88
$100,000–$199,999 240 261 .92
$200,000-$299,999 509 308 1.65
$300,000-$399,999 550 230 2.39
$400,000-$499,999 485 156 3.10
$500,000-$599,999 385 87 4.42
$600,000-$699,999 248 38 6.52Source: MRIS, Inc. April 11, 2011
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Local Market UpdateMarch 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 149 23 6.47
$800,000-$899,999 102 15 6.80
$900,000-$999,999 67 2 33.5
$1M -$1.49M 95 2 47.5
$1.5M -2.49 53 1 53
$2.5 million + 31 0 0
Overall 2,929 1,140 2.56Absorption 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. April 11, 2011
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Local Market Update
No. VA Current Mar 2010 VarAvailable 4,266 4,268 0%
UC Last 30 Days 1,768 2,263 -22%
Sold Last 30 Days 1,467 1,557 -6%
Absorption Rate 2.41 1.88As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Co. Current Mar 2010 VarAvailable 2,980 2,918 +21%
UC Last 30 Days 1,345 1,625 -17%
Sold Last 30 Days 1,058 1,147 -8%
Absorption Rate 2.21 1.79As of April 11, 2011
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- +2.98%
Units Sold- -9.85%
DOM- +44.68% to 68 days
Source: MRIS, Inc. April 11, 2011
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Local Market Update
Alexandria City Current Mar 2010 VarAvailable 560 568 -1%
UC Last 30 Days 174 230 -24%
Sold Last 30 Days 174 140 +24%
Absorption Rate 3.21 2.47As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Arlington Co. Current Mar 2010 VarAvailable 635 685 -7%
UC Last 30 Days 215 325 -4%
Sold Last 30 Days 196 236 -17%
Absorption Rate 2.95 2.11As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Current Mar 2010 VarAvailable 331 387 -14%
UC Last 30 Days 146 236 -38%
Sold Last 30 Days 138 150 -8%
Absorption Rate 2.26 1.64As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Station Current Mar 2010 VarAvailable 55 47 +17%
UC Last 30 Days 14 20 +30%
Sold Last 30 Days 18 8 +125%
Absorption Rate 3.92 2.35As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Clifton Current Mar 2010 VarAvailable 53 52 +2%
UC Last 30 Days 26 15 +73%
Sold Last 30 Days 21 16 +31%
Absorption Rate 2.03 3.46As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Herndon Current Mar 2010 VarAvailable 150 160 -6%
UC Last 30 Days 86 107 -20%
Sold Last 30 Days 54 78 -31%
Absorption Rate 1.74 1.49As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Sterling Current Mar 2010 VarAvailable 160 208 -23%
UC Last 30 Days 146 137 +7%
Sold Last 30 Days 83 114 -27%
Absorption Rate 1.09 1.51As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Vienna/ Oakton Current Mar 2010 VarAvailable 288 292 -1%
UC Last 30 Days 89 120 -26%
Sold Last 30 Days 69 69 0%
Absorption Rate 3.23 2.43As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Ashburn Current Mar 2010 VarAvailable 321 274 -17%
UC Last 30 Days 116 141 -18%
Sold Last 30 Days 86 130 -34%
Absorption Rate 2.76 1.94As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Reston Current Mar 2010 VarAvailable 95 228 -58%
UC Last 30 Days 49 131 -63%
Sold Last 30 Days 45 97 -54%
Absorption Rate 1.93 1.74As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Centreville Current Mar 2010 VarAvailable 135 132 +2%
UC Last 30 Days 114 128 -11%
Sold Last 30 Days 100 98 +2%
Absorption Rate 1.18 1.03As of April 11, 2011
SELLERS
MARKET
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Local Market Update
DC Current Mar 2010 VarAvailable 2,345 2,483 -6%
UC Last 30 Days 591 789 -25%
Sold Last 30 Days 575 577 -.03%
Absorption Rate 3.96 3.14As of April 11, 2011
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Local Market Update
Prince William Current Mar 2010 VarAvailable 1,449 1,214 +19%
UC Last 30 Days 633 764 -17%
Sold Last 30 Days 500 600 -17%
Absorption Rate 2.28 1.58As of April 11, 2011
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current Mar 2010 VarAvailable 1,480 1,362 +9%
UC Last 30 Days 506 546 -7%
Sold Last 30 Days 351 471 -25%
Absorption Rate 2.92 2.49As of April 11, 2011
SELLERS
MARKET
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Local Market Update
GPAAR Current Mar 2010 VarAvailable 1,408 1,225 +15%
UC Last 30 Days 169 205 -18%
Sold Last 30 Days 149 170 -12%
Absorption Rate 8.33 5.97As of April 11, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current Mar 2010 VarAvailable 1,147 1,217 -6%
UC Last 30 Days 184 197 -7%
Sold Last 30 Days 151 166 -9%
Absorption Rate 6.23 6.17As of April 11, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current Mar 2010 VarAvailable 1,810 1,846 -2%
UC Last 30 Days 492 482 +2%
Sold Last 30 Days 355 366 -3%
Absorption Rate 3.67 3.82As of April 11, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET