northern virginia market absorption rates for september
TRANSCRIPT
Market Absorption
Virginia
Local Market UpdateSeptember 2011
Northern Virginia Available UC Abs Rate
< $100,000 22 20 1.10
$100,000–$199,999 229 102 2.24
$200,000-$299,999 591 186 3.18
$300,000-$399,999 827 218 3.79
$400,000-$499,999 694 161 4.31
$500,000-$599,999 597 127 4.70
$600,000-$699,999 410 69 5.94Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. October 17, 2011
Local Market UpdateSeptember 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 328 44 7.45
$800,000-$899,999 206 22 9.36
$900,000-$999,999 129 19 6.79
$1M -$1.49M 386 33 11.69
$1.5M -2.49 240 13 18.46
$2.5 million + 131 2 65.50
Overall 4,790 1,016 4.71Absorption 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. October 17 2011
No VA Stats
Avg. SP- +7.66%
Units Sold- -7.18%
DOM- +16.98% to 62 days
Source: MRIS, Inc. October 17, 2011
Local Market UpdateSeptember 2011
PW & Loudoun Available UC Abs Rate
< $100,000 22 8 2.75
$100,000–$199,999 241 149 1.61
$200,000-$299,999 544 199 2.73
$300,000-$399,999 634 149 4.25
$400,000-$499,999 567 87 6.51
$500,000-$599,999 436 40 10.90
$600,000-$699,999 231 21 11.00Source: MRIS, Inc. October 17, 2011
Local Market UpdateSeptember 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 132 9 14.67
$800,000-$899,999 91 5 18.20
$900,000-$999,999 54 1 54.00
$1M -$1.49M 96 3 32.00
$1.5M -2.49 50 1 50.00
$2.5 million + 37 0 0
Overall 3,135 672 4.66Absorption 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. October 17 2011
Local Market Update
No. VA Current Sept 2010 VarAvailable 4,789 5,470 -12%
UC Last 30 Days 915 1,355 -32%
Sold Last 30 Days 1,334 1,393 -4%
Absorption Rate 5.23 4.03As of October 17, 2011
Local Market Update
Fairfax Co. Current Sept 2010 VarAvailable 3,462 3,826 -10%
UC Last 30 Days 763 1,013 -25%
Sold Last 30 Days 997 1,052 -5%
Absorption Rate 4.53 3.78As of October 17, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +9.02%
Units Sold- -8.46%
DOM- +17.75% to 60 days
Source: MRIS, Inc. October 17, 2011
Local Market Update
Alexandria City Current Sept 2010 VarAvailable 518 746 -31%
UC Last 30 Days 110 122 -10%
Sold Last 30 Days 128 121 +6%
Absorption Rate 4.71 6.11As of October 17, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Sept 2010 VarAvailable 688 764 -9%
UC Last 30 Days 122 187 -35%
Sold Last 30 Days 183 183 0%
Absorption Rate 5.64 4.08As of October 17, 2011
Local Market Update
Fairfax Current Sept 2010 VarAvailable 353 581 -39%
UC Last 30 Days 98 157 -38%
Sold Last 30 Days 107 143 -25%
Absorption Rate 3.60 3.70As of October 17, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current Sept 2010 VarAvailable 88 72 +22%
UC Last 30 Days 10 9 +11%
Sold Last 30 Days 17 9 +89%
Absorption Rate 8.8 8.0As of October 17, 2011
Local Market Update
Clifton Current Sept 2010 VarAvailable 79 73 +8%
UC Last 30 Days 8 8 0%
Sold Last 30 Days 14 20 -30%
Absorption Rate 9.87 9.12As of October 17, 2011
Local Market Update
Herndon Current Sept 2010 VarAvailable 163 159 +3%
UC Last 30 Days 50 68 -26%
Sold Last 30 Days 61 71 -14%
Absorption Rate 3.26 2.33As of October 17, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Sept 2010 VarAvailable 212 269 -21%
UC Last 30 Days 62 89 -30%
Sold Last 30 Days 80 91 -12%
Absorption Rate 3.42 3.02As of October 17, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Sept 2010 VarAvailable 334 369 -9%
UC Last 30 Days 41 73 -44%
Sold Last 30 Days 86 80 +8%
Absorption Rate 8.15 5.05As of October 17, 2011
Local Market Update
Ashburn Current Sept 2010 VarAvailable 350 347 +1%
UC Last 30 Days 64 94 -32%
Sold Last 30 Days 103 120 -14%
Absorption Rate 5.46 3.69As of October 17, 2011
Local Market Update
Reston Current Sept 2010 VarAvailable 176 195 -10%
UC Last 30 Days 59 56 +5%
Sold Last 30 Days 80 52 +54%
Absorption Rate 2.98 3.48As of October 17, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Sept 2010 VarAvailable 173 207 -16%
UC Last 30 Days 48 82 -41%
Sold Last 30 Days 82 83 -1%
Absorption Rate 3.60 2.52As of October 17, 2011
SELLERS
MARKET
Local Market Update
DC Current Sept 2010 VarAvailable 2,240 2,787 -20%
UC Last 30 Days 372 555 -33%
Sold Last 30 Days 527 501 +5%
Absorption Rate 6.02 5.02As of October 17, 2011
Local Market Update
Prince William Current Sept 2010 VarAvailable 1,474 1,649 -11%
UC Last 30 Days 406 474 -14%
Sold Last 30 Days 438 512 -14%
Absorption Rate 3.63 3.47As of October 17, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Sept 2010 VarAvailable 1,658 1,742 -5%
UC Last 30 Days 265 357 -26%
Sold Last 30 Days 357 422 -15%
Absorption Rate 6.25 4.88As of October 17, 2011
Local Market Update
GPAAR Current Sept 2010 VarAvailable 1,515 1,396 +9%
UC Last 30 Days 122 169 -28%
Sold Last 30 Days 157 187 -16%
Absorption Rate 12.42 8.26As of October 17, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Sept 2010 VarAvailable 1,102 1,397 -21%
UC Last 30 Days 132 175 -25%
Sold Last 30 Days 153 177 -13%
Absorption Rate 8.34 7.98As of October 17, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Sept 2010 VarAvailable 1,606 2,092 -23%
UC Last 30 Days 315 346 -9%
Sold Last 30 Days 328 360 -9%
Absorption Rate 5.09 6.04As of October 17, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET