There were 5,943 single family residential sales in the Northern Virginia real estate market in the 4th quarter 2013, down from 7,975 sales in the 3rd quarter and down from 6,124 units sold year-over-year.
The average sold price for single family residential properties was $518,156 in the 4th quarter, down from $528,438 in the 3rd quarter and up from $490,842 in the 4th quarter 2012. Sold prices ranged from a low of $35,000 to a high of $12,000,000. Days-on-market ranged 0-971 days with an average DOM of 43 days. The average sold price as a percentage of the average original list price was 96%, down from 98% in the 3rd quarter.
There were 1,663 Condominium unit sales in the 4th quarter. The sold price ranged $85,000 - $2,500,000 with an average sold price of $310,165. This is an increase from an average sold price of $288,207 in the 4th quarter 2012.
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 277 single family residential sales in the City of Alexandria in the 4th quarter. The sold price range was $274,000 - $2,800,000 with an average sold price of $671,354. This is an increase from and average sold price of $650,807 year-over-year and down from $704,179 in the 3rd quarter 2013.
The median sold price was $599,000 in the 4th quarter, up slightly from $591,000 in the 4th quarter 2012. The median sold price as a percentage of the original list price was 97% in the 4th quarter. The days-on-market has ranged from 0 - 450 days with a median days-on market of 15 days.
Residential condominium unit sales in the City of Alexandria increased from 243 units sold in the 4th quarter 2012 to 268 units sold in the 4th quarter 2013.
The median sold price for condo units increased to $299,000 from $263,500 in the the same period a year ago. The sold price range was $105,000 - $1,525,000 in the 4th quarter.
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Arlington County Real Estate:
There were a total of 315 single family residential sales in the 4th quarter. Sold prices ranged from $215,000 - $2,260,000 with an average sold price of $815,251, down slightly from $824,953 in the 3rd quarter.
The median sold price was $750,000 in the 4th quarter, up from $665,000 year-over-year. Days-on-market ranged from 0 - 265 days with a median days-on-market of 13 days. The median sold price as a percentage of the median original list price was 99% in the 4th quarter.
There were 337 Condominium unit sales with a sold price range of $85,000 - $2,500,000 and a median sold price of $390,000. This is a slight increase from a median sold price of $385,000 in the 3rd quarter and an increase from $375,000 year-over-year. Days-on-market has ranged 0-201 days with a median DOM of 16 days. The median sold price as a percentage of the median original list price was 98% for the 4th quarter.
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Fairfax County Real Estate:
There a total of 2,404 single family residential sales in Fairfax County in the 4th quarter, down from 2,532 units in the 4th quarter 2012. The average sold price was $588,674 in the 4th quarter with a sold price range of $161,000 - $12,000,000.
This is a increase from an average sold price of $553,593 for the same period a year earlier. The average days-on-market was 36 days in the 4th quarter with the average sold price as a percentage of the average original list price has been 96%.
There were 631 residential condo sales in Fairfax County in the 4th quarter 2013, up slightly from 625 units sold in the 4th quarter 2012. The sold price range was $87,000 - $1,475,000 with an average sold price of $275,436. This is an increase from an average sold price of $263,000 year-over-year. The average sold price as a percentage of the average original list price has been 97%. The average days-on-market has been 29 days.
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Fairfax City Real Estate:
There were 59 single family residential sales in Fairfax City market in the 4th quarter, up from 43 sales in the 4th quarter 2012. The median sold price was $442,000, down slightly from $450,000 year-over-year.
The sold price range was $270,000 - $1,239,000 in the 4th quarter with a median days-on-market of 12 days. The median sales price to median original list price ratio was 98%.
There were 12 residential condo unit sales in the 4th quarter, down from 19 units sold in the 4th quarter 2012. The sold price range was $135,000 - $530,000 with a median sold price of $186,000, up from $160,000 year-over-year. The median days-on-market was 23 days with a range of 0 - 66 days.
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Falls Church City Real Estate:
The city of Falls Church had 23 sales of single family residential properties in the 4th quarter. The median sold price was $770,000 with a sold price range of $520,800 - $1,400,000. This is an increase from a median sold price of $741,000 in the 3rd quarter and virtually unchanged from $772,000 year-over-year. The median days-on-market was 19 days with a range of 0 - 93 days. The median sales-to-list price ratio was 96%.
Condominium unit sales amounted to 12 units with a median sold price of $406,000 and a range of $185,000 - $700,000. The median days-on-market was 33 days.
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Loudoun County Real Estate:
There were a total of 1,146 single family residential sales in Loudoun County in the 4th quarter, down from 1,518 units in the 3rd quarter and 1,267 units year-over-year. The average sold price was $494,821 with a sold price range of $97,500 - $2,600,000. This is a slight decline from an average sold price of $502,388 in the 3rd quarter but an increase from $474,627 year-over-year. The days-on-market ranged from 0 - 1,326 days with an average of 52 days. The average sold price to average list-price ratio was 97% based on the original list price.
There were 204 Condominium unit sales in the 4th quarter, up from 169 units sold in the 4th quarter 2012. The average sold price was $266,400, an increase from a average sold price of $233,566 year-over-year. The sold price range was $85,000 - $671,645 with an average DOM of 43 days. The average sold price as a percentage of the average original list price was 98% in the 4th quarter.
Check out our Loudoun County Monthly Market Updates.
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Manassas City Real Estate:
The City of Manassas saw a total of 125 single family residential sales in the 4th quarter 2013 with a sold price range was $115,000 - $476,000. The median sold price was $273,000 down from $285,000 in the 3rd quarter and up from $240,000 year-over-year. Median days-on-market was 20 days with a range of 0 - 307 days. The median sold price as a percentage of the median original list price was 98% in the 4th quarter.
There were 30 condominium unit sales in the 4th quarter with a sold price range of $95,000 - $277,772 and a median sold price of $138,950. This is an increase from a median sold price of $123,250 in the 4th quarter 2012.
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Manassas Park City:
There were 42 single family residential sales in Manassas Park City in the 4th quarter 2013. The sold price range was $155,000 - $442,000. The median sold price was $244,000, virtually unchanged from $242,000 year-over-year. The median days-on-market was 22 days with a range of 0 - 134 days. The median sold price as a percentage of the median original list price was 95% in the 4th quarter.
Condominium unit sales amounted to 16 units in Manassas Park City with a price range of $110,000 - $227,000 and a median sold price of $174,000, up from $153,000 year-over-year. The sales price to list price ratio was 100% based on original list price.
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Prince William County Real Estate:
The Prince William County market saw single family residential sales of 1,288 units in the 4th quarter. The average sold price was $348,295 with a price range of $110,100 - $1,100,000. This is a decrease from an average sold price of $356,301 in the 3rd quarter and an increase from $318,411 year-over-year. The average days-on-market was 38 days with a range of 0 - 798 days. The median sales-to-list-price ratio was 97%.
There were 141 Condominium unit sales in Prince William County in the 4th quarter. The average sold price was $229,656, up from an average sold price of $196,352 in the 4th quarter 2012 The sold price range was $96,300 - $490,000 with an average days-on-market of 34 days. The average sales-to-list-price ratio was 98% in the 4th quarter.
Check out our Prince William County Monthly Market Updates.
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