northern virginia market absorption rates for august
TRANSCRIPT
Market Absorption
Virginia
Local Market UpdateAugust 2011
Northern Virginia Available UC Abs Rate
< $100,000 22 15 1.46
$100,000–$199,999 220 124 1.77
$200,000-$299,999 591 233 2.53
$300,000-$399,999 815 222 3.67
$400,000-$499,999 681 169 4.04
$500,000-$599,999 617 108 5.71
$600,000-$699,999 401 83 4.83Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. September 16, 2011
Local Market UpdateAugust 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 347 69 5.02
$800,000-$899,999 194 31 6.25
$900,000-$999,999 139 16 8.68
$1M -$1.49M 391 36 10.86
$1.5M -2.49 245 15 16.33
$2.5 million + 137 7 19.57
Overall 4,800 1,128 4.25Absorption 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. September 16, 2011
No VA Stats
Avg. SP- +1.13%
Units Sold- -.59%
DOM- +7.69% to 56 days
Source: MRIS, Inc. September 16, 2011
Local Market UpdateAugust 2011
PW & Loudoun Available UC Abs Rate
< $100,000 17 13 1.30
$100,000–$199,999 237 178 1.33
$200,000-$299,999 566 257 2.20
$300,000-$399,999 632 169 3.73
$400,000-$499,999 560 87 6.43
$500,000-$599,999 438 42 10.42
$600,000-$699,999 246 21 11.71Source: MRIS, Inc. September 16, 2011
Local Market UpdateAugust 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 136 12 11.33
$800,000-$899,999 84 6 14.00
$900,000-$999,999 62 2 31.00
$1M -$1.49M 97 4 24.25
$1.5M -2.49 50 0 0
$2.5 million + 36 0 0
Overall 3,161 791 3.99Absorption 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. September16, 2011
Local Market Update
No. VA Current Aug 2010 VarAvailable 4,802 5,156 -7%
UC Last 30 Days 1,128 1,441 -22%
Sold Last 30 Days 1,727 1,695 +2%
Absorption Rate 4.25 3.57As of September 16, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Aug 2010 VarAvailable 3,518 3,675 -4%
UC Last 30 Days 842 1,082 -22%
Sold Last 30 Days 1,276 1,274 +.1%
Absorption Rate 4.18 3.39As of September 16, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +2.19%
Units Sold- -2.28%
DOM- +1.96% to 52 days
Source: MRIS, Inc. September 16, 2011
Local Market Update
Alexandria City Current Aug 2010 VarAvailable 523 645 -19%
UC Last 30 Days 118 130 -9%
Sold Last 30 Days 168 153 +10%
Absorption Rate 4.43 4.96As of September 16, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Aug 2010 VarAvailable 650 718 -9%
UC Last 30 Days 142 198 -28%
Sold Last 30 Days 235 233 +1%
Absorption Rate 4.57 3.62As of September 16, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current Aug 2010 VarAvailable 469 507 -7%
UC Last 30 Days 108 132 -18%
Sold Last 30 Days 195 170 +15%
Absorption Rate 4.34 3.84As of September 16, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current Aug 2010 VarAvailable 88 67 +31%
UC Last 30 Days 7 10 -30%
Sold Last 30 Days 27 16 +69%
Absorption Rate 12.57 6.7As of September 16, 2011
Local Market Update
Clifton Current Aug 2010 VarAvailable 85 67 +27%
UC Last 30 Days 17 15 +13%
Sold Last 30 Days 12 22 -45%
Absorption Rate 5.00 4.46As of September 16, 2011
Local Market Update
Herndon Current Aug 2010 VarAvailable 163 167 -2%
UC Last 30 Days 58 66 -12%
Sold Last 30 Days 83 84 -1%
Absorption Rate 2.81 2.53As of September 16, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Aug 2010 VarAvailable 204 260 -22%
UC Last 30 Days 85 107 -21%
Sold Last 30 Days 88 108 -19%
Absorption Rate 2.40 2.42As of September 16, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Aug 2010 VarAvailable 315 332 -5%
UC Last 30 Days 59 85 -31%
Sold Last 30 Days 117 100 +17%
Absorption Rate 5.33 3.90As of September 16, 2011
Local Market Update
Ashburn Current Aug 2010 VarAvailable 346 321 +8%
UC Last 30 Days 63 108 -42%
Sold Last 30 Days 157 130 +21%
Absorption Rate 5.49 2.97As of September 16, 2011
Local Market Update
Reston Current Aug 2010 VarAvailable 182 234 -22%
UC Last 30 Days 65 88 -26%
Sold Last 30 Days 73 101 -28%
Absorption Rate 2.80 2.66As of September 16, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Aug 2010 VarAvailable 174 193 -10%
UC Last 30 Days 80 91 -12%
Sold Last 30 Days 88 86 +2%
Absorption Rate 2.17 2.12As of September 16, 2011
SELLERS
MARKET
Local Market Update
DC Current Aug 2010 VarAvailable 2,209 2,543 -13%
UC Last 30 Days 380 506 -24%
Sold Last 30 Days 582 543 +7%
Absorption Rate 5.81 5.02As of September 16, 2011
Local Market Update
Prince William Current Aug 2010 VarAvailable 1,530 1,607 -3%
UC Last 30 Days 493 505 -5%
Sold Last 30 Days 518 587 -1%
Absorption Rate 3.10 2.74As of September 16, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Aug 2010 VarAvailable 1,635 1,662 -2%
UC Last 30 Days 298 410 -27%
Sold Last 30 Days 483 439 +10%
Absorption Rate 5.48 4.05As of September 16, 2011
Local Market Update
GPAAR Current Aug 2010 VarAvailable 1,546 1,396 +11%
UC Last 30 Days 152 203 -25%
Sold Last 30 Days 181 164 +10%
Absorption Rate 10.17 6.88As of September 16, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Aug 2010 VarAvailable 1,168 1,421 -18%
UC Last 30 Days 140 184 -24%
Sold Last 30 Days 191 204 -6%
Absorption Rate 8.34 7.72As of September 16, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Aug 2010 VarAvailable 1,670 2,119 -21%
UC Last 30 Days 341 389 -12%
Sold Last 30 Days 362 365 -1%
Absorption Rate 4.90 5.44As of September 16, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET