There were a total of 9,015 single family residential sales in the Northern Virginia real estate market in the 2nd quarter 2015. This is up from 5,161 units in the 1st quarter 2015 and up from 8,075 units year-over-year.
The average sold price for single family residential properties in the 2nd quarter was $551,474, up from $524,800 in the 1st quarter and virtually unchanged from an average sold price of $552,439 for the same period in the 2nd quarter 2014.
Sold prices ranged from a low of $27,000 to a high of $8,300,000 in the 2nd quarter. Days-on-market ranged 0 -1,091 days with an average DOM of 33 days. The average sold price as a percentage of the average original list price was 98%, up from 96% in the previous quarter and unchanged from 98% in the 2nd quarter 2014.
There were 2,225 condominium unit sales for the 2nd quarter in the Northern Virginia real estate market. The sold prices ranged $49,000 - $3,650,000 with an average sold price of $319,950. This is up from an average sold price of $313,710 for the same period 2014. The average days on market was 38 days and the average sold price as a percentage of the average original list price was 97%.
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 a total of 402 single family residential sales in the City of Alexandria in the 2nd quarter 2015. The sold price range was $296,103 - $3,100,000 with a median sold price of $644,950. This is virtually unchanged from a median sold price of $645,000 in the previous quarter and down from $665,000 in the 2nd quarter 2014. The days-on-market has ranged from 0 - 344 days with a median days-on market of 9 days. The median sold price as a percentage of the median original list price was 99% in the 2nd quarter.
The median sold price for condominium units in the City of Alexandria market was $285,000, unchanged from $285,000 in the 1st quarter but down from a median sold price of $299,900 in the 2nd quarter 2014. The sold price range was $95,000 - $1,780,000 in the 2nd quarter. The median sold price as a percentage of the original list price was 96% with a median days-on-market of 19 days.
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Arlington County Real Estate:
There were 411 single family residential sales in the 2nd quarter. Sold prices ranged $350,000 - $2,875,000 with a median sold price of $800,250. This is up from a median sold price of $764,591 in the 1st quarter 2015 and up slightly from $797,203 in the 2nd quarter 2014. Days-on-market ranged from 0 - 409 days with a median days-on-market of 8 days. The median sold price as a percentage of the median original list price was 100% in the 2nd quarter.
Arlington County shows 469 condominium unit sales with a sold price range of $49,000 - $3,650,000 and a median sold price of $399,989. This is up from a median sold price of $389,900 in the 1st quarter and up from $390,000 year-over-year. Days-on-market has ranged 0-982 days with a median DOM of 15 days. The median sold price as a percentage of the median original list price was 100%, up from 99% a year earlier.
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Fairfax County Real Estate:
There a total of 3,932 single family residential sales in the Fairfax County market in the 2nd quarter 2015, up from 2,114 units in the 1st quarter 2015 and up from 3,431 units sold year-over-year. The average sold price was $611,348 in the 2nd quarter with a sold price range of $165,000 - $8,300,000. This is up from an average sold price of $585,516 in the 1st quarter 2015 but down from an average sold price of $631,892 year-over-year. The average days-on-market was 27 days in the 2nd quarter with an average sold price as a percentage of the average original list price was 97%.
There were 831 residential condominium units sold in Fairfax County in the 2nd quarter, up from 509 units in the 1st quarter and up from 787 units sold year-over-year. The sold price range was $79,900 - $1,500,000 with an average sold price of $290,295. This is up slightly from an average sold price of $288,300 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 36 days.
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Fairfax City Real Estate:
There were 104 single family residential sales in the Fairfax City market in the 2nd quarter with a median sold price was $523,000, up from $514,500 in the 2nd quarter 2014. The sold price range was $296,000 - $1,050,450 in the 2nd quarter with a median days-on-market of 12 days. The median sold price as a percentage of the median original list price was 99%, up from 98% in the 1st quarter.
There were 16 residential condominium unit sales in the 2nd quarter with a sold price range of $154,990 - $567,450 and a median sold price of $210,500. This is up from a median sold price of $202,450 in the 1st quarter and up from $195,000 year-over-year. The median days-on-market was 14 days and the median sold price as a percentage of the median original list price was 100%.
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Falls Church City Real Estate:
The city of Falls Church had 34 sales of single family residential properties in the 2nd quarter. The median sold price was $825,000 with a sold price range of $535,000 - $1,455,000. This is down from a median sold price of $838,500 year-over-year. The median days-on-market was 7 days with a median sales-to-list price ratio based on the original list price was 100%.
There were 19 Condominium unit sales in Falls Church City with a median sold price of $412,000 and a range of $165,000 - $569,900 for the 2nd quarter. This is an increase from a median sold price of $385,000 in the 2nd quarter 2014. The median days-on-market was 10 days and the median sales price as a percentage of the median original list price was 100%.
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Loudoun County Real Estate:
There were a total of 1,757 single family residential sales in Loudoun County in the 2nd quarter, up from 998 units sold in the 1st quarter. The average sold price was $520,582 with a sold price range of $130,000 - $4,400,000. This is an increase from an average sold price of $499,823 in the 1st quarter 2015 and down from $530,778 year-over-year. The days-on-market ranged from 0 - 1,091 days with an average of 40 days. The average sold price to average original list-price ratio was 97%, up from 96% in the 1st quarter.
There were 250 condominium unit sales in the 2nd quarter, up from 161 units sold in the 1st quarter but down only slightly from 253 units for the 2nd quarter 2014. The average sold price was $268,616, a slight decline from a average sold price of $273,621 year-over-year. The sold price range was $100,000 - $500,000 with an average days-on-market of 44 days. The average sold price as a percentage of the average original list price was 97% in the 2nd quarter.
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Manassas City Real Estate:
There were 132 single family residential sales in the City of Manassas in the 2nd quarter with a sold price range of $80,000 - $950,000. The median sold price was $299,900, up from $297,773 year-over-year. The median days-on-market was 18 days with a range of 0 - 407 days. The median sold price as a percentage of the median original list price was 98% in the 1st quarter.
There were 42 condominium unit sales in the 2nd quarter with a sold price range of $70,000 - $323,905 and a median sold price of $195,000. This is up from a median sold price of $186,500 for the same period in 2014.
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Manassas Park City:
There were 64 single family residential sales in the Manassas Park City market in the 2nd quarter 2015. The sold price range was $185,000 - $499,500. The median sold price was $278,500, up from $265,000 in the previous quarter and up from $255,000 year-over-year. The median days-on-market was 20 days with a range of 0 - 176 days. The median sold price as a percentage of the median original list price was 98% in the 2nd quarter.
There were 12 condominium unit sales in Manassas Park City with a price range of $108,100 - $312,400 and a median sold price of $196,000, up only slightly from $195,000 year-over-year. The sales price to list price ratio was 93% based on original list price.
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Prince William County Real Estate:
The Prince William County market shows total of 1,837 single family residential sales in the 2nd quarter 2015, up from 1,686 units sold during the same period in 2014. The average sold price was $375,522 with a sold price range of $27,000 - $1,670,000. This is virtually unchanged from an average sold price of $375,587 year-over-year. The average days-on-market was 35 days with a range of 0 - 500 days. The average sold price as a percentage of the average original list price was 98%, up from 96% in the previous quarter.
There were 206 Condominium unit sales in the Prince William County market in the 2nd quarter 2015. The average sold price was $238,000, up from $227,000 for the same period 2014. The sold price range was $65,000 - $470,000 with an average days on market of 27 days. The sales-to-list-price ratio was 98%.
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