northern virginia market absorption rates for july 2011
DESCRIPTION
Market absorption rates for Northern Virginia, DC, and counties out to Front Royal and SpotsylvaniaTRANSCRIPT
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Market Absorption
Virginia
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Local Market UpdateJuly 2011
Northern Virginia Available UC Abs Rate
< $100,000 31 15 3.75
$100,000–$199,999 212 126 1.74
$200,000-$299,999 552 240 2.21
$300,000-$399,999 775 274 3.03
$400,000-$499,999 677 198 3.13
$500,000-$599,999 641 165 3.74
$600,000-$699,999 428 91 3.89Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. August 15, 2011
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Local Market UpdateJuly 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 370 63 4.62
$800,000-$899,999 196 54 4.49
$900,000-$999,999 146 22 5.70
$1M -$1.49M 407 44 6.91
$1.5M -2.49 252 17 10.58
$2.5 million + 138 5 37.50
Overall 4,825 1,314 3.67Absorption 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. August 15, 2011
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No VA Stats
Avg. SP- -.22%
Units Sold- +.17%
DOM- +4.17% to 50 days
Source: MRIS, Inc. August 15, 2011
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Local Market UpdateJuly 2011
PW & Loudoun Available UC Abs Rate
< $100,000 17 11 1.54
$100,000–$199,999 200 172 1.16
$200,000-$299,999 597 228 2.61
$300,000-$399,999 633 168 3.76
$400,000-$499,999 556 110 5.05
$500,000-$599,999 454 69 6.57
$600,000-$699,999 267 29 9.20Source: MRIS, Inc. August 15, 2011
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Local Market UpdateJuly 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 146 16 9.12
$800,000-$899,999 87 6 14.50
$900,000-$999,999 60 2 30.00
$1M -$1.49M 103 3 34.33
$1.5M -2.49 50 0 0
$2.5 million + 33 0 0
Overall 3,203 814 3.93Absorption 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. August 15, 2011
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Local Market Update
No. VA Current July 2010 VarAvailable 4,830 5,312 -9%
UC Last 30 Days 1,316 1,544 -15%
Sold Last 30 Days 1,737 1,741 -.2%
Absorption Rate 3.67 3.44As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Co. Current July 2010 VarAvailable 3,513 3,722 -6%
UC Last 30 Days 1,018 1,161 -12%
Sold Last 30 Days 1,248 1,284 -3%
Absorption Rate 3.45 3.20As of August 15, 2011
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- -3.25%
Units Sold- -3.12%
DOM- -4.26% to 45 days
Source: MRIS, Inc. August 15, 2011
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Local Market Update
Alexandria City Current July 2010 VarAvailable 522 661 -21%
UC Last 30 Days 119 134 -11%
Sold Last 30 Days 186 178 +4%
Absorption Rate 4.38 4.93As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Arlington Co. Current July 2010 VarAvailable 691 772 -10%
UC Last 30 Days 145 205 -29%
Sold Last 30 Days 247 227 +9%
Absorption Rate 4.76 3.76As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Current July 2010 VarAvailable 384 505 -24%
UC Last 30 Days 138 158 -13%
Sold Last 30 Days 144 161 -11%
Absorption Rate 2.78 3.19As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Station Current July 2010 VarAvailable 84 71 +18%
UC Last 30 Days 17 14 +21%
Sold Last 30 Days 22 22 0%
Absorption Rate 4.94 5.07As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Clifton Current July 2010 VarAvailable 78 70 +11%
UC Last 30 Days 13 26 -50%
Sold Last 30 Days 14 20 -30%
Absorption Rate 6.00 2.69As of August 15, 2011
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Local Market Update
Herndon Current July 2010 VarAvailable 159 186 -15%
UC Last 30 Days 70 79 -11%
Sold Last 30 Days 77 87 -11%
Absorption Rate 2.27 2.35As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Sterling Current July 2010 VarAvailable 208 264 -21%
UC Last 30 Days 69 97 -29%
Sold Last 30 Days 115 93 +24%
Absorption Rate 3.01 2.72As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Vienna/ Oakton Current July 2010 VarAvailable 317 333 -5%
UC Last 30 Days 80 94 -15%
Sold Last 30 Days 109 116 -6%
Absorption Rate 3.96 3.54As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Ashburn Current July 2010 VarAvailable 358 337 +6%
UC Last 30 Days 89 117 -24%
Sold Last 30 Days 124 99 +25%
Absorption Rate 4.02 2.88As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Reston Current July 2010 VarAvailable 178 251 -29%
UC Last 30 Days 59 78 -24%
Sold Last 30 Days 87 102 -15%
Absorption Rate 3.01 3.21As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Centreville Current July 2010 VarAvailable 176 160 +10%
UC Last 30 Days 75 83 -10%
Sold Last 30 Days 99 82 +20%
Absorption Rate 2.23 2.15As of August 15, 2011
SELLERS
MARKET
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Local Market Update
DC Current July 2010 VarAvailable 2,183 2,669 -18%
UC Last 30 Days 473 531 -11%
Sold Last 30 Days 595 563 -6%
Absorption Rate 4.61 5.03As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Prince William Current July 2010 VarAvailable 1,541 1,595 -3%
UC Last 30 Days 486 513 -5%
Sold Last 30 Days 569 575 -1%
Absorption Rate 3.17 3.10As of August 15, 2011
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current July 2010 VarAvailable 1,671 1,665 +.3%
UC Last 30 Days 335 412 -19%
Sold Last 30 Days 459 408 +13%
Absorption Rate 4.98 4.04As of August 15, 2011
SELLERS
MARKET
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Local Market Update
GPAAR Current July 2010 VarAvailable 1,533 1,452 +5%
UC Last 30 Days 159 186 -14%
Sold Last 30 Days 159 150 +6%
Absorption Rate 9.64 7.80As of August 15, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current July 2010 VarAvailable 1,144 1,400 -18%
UC Last 30 Days 178 191 -7%
Sold Last 30 Days 164 181 -9%
Absorption Rate 6.42 7.32As of August 15, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current July 2010 VarAvailable 1,716 2,097 -18%
UC Last 30 Days 371 374 -.8%
Sold Last 30 Days 382 365 +4.6%
Absorption Rate 4.62 5.60As of August 15, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET