There were a total of 7,285 single family residential sales in the Northern Virginia real estate market in the 3rd quarter 2014. This is down from 8,075 units in the 2nd quarter and down from 7,975 units year-over-year.
The average sold price for single family residential properties was $539,597 in the 3rd quarter, down from $552,439 in the 2nd quarter and up from an average sold price of $528,438 for the same period in 2013.
Sold prices ranged from a low of $63,175 to a high of $6,188,600. Days-on-market ranged 0-583 days with an average DOM of 34 days. The average sold price as a percentage of the average original list price was 97%, down slightly from 98% in the previous quarter and down from 98% in the 3rd quarter 2013.
There were 1,873 condo unit sales in the 3rd quarter. The sold prices ranged $63,000 - $3,195,000 with an average sold price of $319,069. This is up from an average sold price of $313,710 in the 2nd quarter and up from $306,517 for the same period 2013.
The Northern Virginia real estate market includes: Alexandria City, Arlington County, Fairfax County, Fairfax City, Falls Church City, Fauquier County, Loudoun County, Manassas City, Manassas Park City, and Prince William County.
Alexandria City Real Estate:
There were 299 single family residential sales in the City of Alexandria in the 3rd quarter 2014. The sold price range was $220,000 - $2,662,500 with a median sold price of $650,000. This is down from an average sold price of $665,000 in the previous quarter and an increase from $610,00 in the 3rd quarter 2013. The days-on-market has ranged from 0 -288 days with a median days-on market of 18 days. The median sold price as a percentage of the median original list price was 97% in the 3rd quarter.
The median sold price for condominium units in the City of Alexandria market was $310,000 up from $299,900 in the 2nd quarter and up from $285,000 for the same period in 2013. The sold price range was $85,000 - $3,195,000 in the 3rd quarter. The median sold price as a percentage of the original list price was 98% with a median days-on-market of 20.
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Arlington County Real Estate:
There were a total of 349 single family residential sales in the 3rd quarter. Sold prices ranged $316,000 - $2,183,767 with a median sold price of $750,000, down from a median sold price of $797,203 in the previous quarter and down slightly from $765,000 in the 3rd quarter 2013. Days-on-market ranged from 0 -330 days with a median days-on-market of 12 days. The median sold price as a percentage of the median original list price was 97% in the 3rd quarter down from 99% in the 2nd quarter.
There were 391 condominium unit sales with a sold price range of $63,000 - $1,300,000 and a median sold price of $405,000. This is an increase from a median sold price of $390,000 in the 2nd quarter and up from $385,000 year-over-year. Days-on-market has ranged 0-351 days with a median DOM of 19 days. The median sold price as a percentage of the median original list price was 99%.
Check our Arlington County Monthly Market Updates.
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Fairfax County Real Estate:
There a total of 3,080 single family residential sales in Fairfax County in the 2nd quarter, down from 3,494 units sold year-over-year. The average sold price was $603,655 in the 3rd quarter with a sold price range of $205,000 - $6,188,000.
This is down from an average sold price of $631,892 in the 2nd quarter and up slightly form $597,340 for the same period a year earlier. The average days-on-market was 31 days in the 3rd quarter with an average sold price as a percentage of the average original list price has been 97%.
There were 715 residential condominium unit sales in Fairfax County in the 3rd quarter 2014, down from 772 units sold in the 3rd quarter 2013. The sold price range was $92,000 - $1,300,000 with an average sold price of $279,049. This is an increase from an average sold price of $276,529 year-over-year. The average sold price as a percentage of the average original list price was 97% with an average day-on-market of 33 days.
Check out our Fairfax County Monthly Market Updates.
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Fairfax City Real Estate:
There were 78 single family residential sales in the Fairfax City market in the 3rd quarter with a median sold price was $495,000 down slightly from $497,500 in the 3rd quarter 2013. The sold price range was $288,000 - $1,345,000 in the 3rd quarter with a median days-on-market of 13 days. The median sold price to median original list price was 97%.
There were 7 residential condo unit sales in the 3rd quarter with a sold price range of $135,000 - $420,000 and a median sold price of $195,000. This is an increase rom a median sold price of $187,750 year-over-year. The median days-on-market was 9 days with a range of 2-83 days.
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Falls Church City Real Estate:
The city of Falls Church had 48 sales of single family residential properties in the 3rd quarter. The median sold price was $827,500 with a sold price range of $480,000 - $1,726,000. This is an increase from a median sold price of $741,000 year-over-year. The median days-on-market was 18 days with a range of 0 - 191 days. The median sales-to-list price ratio based on the original list price was 97%.
There were 13 Condominium unit sales in Falls Church City with a median sold price of $350,000 and a range of $162,000 - $574,900. This compares to a median sold price of $327,500 year-over-year. The median days-on-market was 4 days.
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Loudoun County Real Estate:
There were a total of 1,384 single family residential sales in Loudoun County in the 3rd quarter, down from 1,518 units in the 3rd quarter 2013. The average sold price was $517,968 with a sold price range of $63,175 - $3,100,000. This is an increase from an average sold price of $502,388 year-over-year. The days-on-market ranged from 0 - 535 days with an average of 36 days. The average sold price to average list-price ratio was 97% based on the original list price.
There were 200 condominium unit sales in the 3rd quarter, down from 261 units sold in the 3rd quarter 2013. The average sold price was $266,382, an increase from a average sold price of $248,000 year-over-year. The sold price range was $84,900 - $590,000 with an average days-on-market of 33 days. The average sold price as a percentage of the average original list price was 97% in the 3rd quarter.
Check out our Loudoun County Monthly Market Updates.
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Manassas City Real Estate:
There were 124 single family residential sales in the City of Manassas in the 3rd quarter with a sold price range was $131,000 - $610,000. The median sold price was $302,480, up from $297,773 in the 2nd quarter and up from $285,000 year-over-year. The median days-on-market was 24 days with a range of 0 - 274 days. The median sold price as a percentage of the median original list price was 96% in the 3rd quarter.
There were 33 condo unit sales in the 3rd quarter with a sold price range of $109,500 - $290,000 and a median sold price of $176,000. This is an increase from a median sold price of $162,500 in the 3rd quarter 2013.
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Manassas Park City:
There were 54 single family residential sales in the Manassas Park City market in the 3rd quarter 2014. The sold price range was $170,000 - $468,000. The median sold price was $255,000, up slightly from $253,500 in the year-over-year. The median days-on-market was 21 with a range of 1 - 243 days. The median sold price as a percentage of the median original list price was 98% in the 2nd quarter.
There were 8 condominium unit sales in Manassas Park City with a price range of $125,000 - $205,000 and a median sold price of $187,500, down from $195,000 year-over-year. The sales price to list price ratio was 99% based on original list price.
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Prince William County Real Estate:
Prince William County shows total of 1,622 single family residential sales in the 3rd quarter. The average sold price was $371,938 with a sold price range of $120,500 - $1,121,025. This is a slight decline from an average sold price of $375,587 in the 2nd quarter and an increase from $356,301 year-over-year. The average days-on-market was 36 days with a range of 0 - 412 days. The average sold price as a percentage of the average original list price was 97%, down from 98% in the 2nd quarter.
There were 162 Condominium unit sales in the Prince William County market in the 3rd quarter 2014. The average sold price was $229,293, up from $221,700 in the 3rd quarter 2013. The sold price range was $76,898 - $553,837 with an average days-on-market of 43 days. The sales-to-list-price ratio was 97% in the 3rd quarter.
Check out our Prince William County Monthly Market Updates.
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