2020-08 -- Real Estate of Northern Virginia Market Report - August 2020 Market Trends - Michele Hudnall
This is a monthly report of the Northern Virginia Real Estate market. Weekly I post a video of current market conditions on Tuesday's and will post the monthly report by the 10th of each month as the numbers finalize in the MLS (Bright). The numbers come from the MLS (Bright), opinions are my own. This represents the market up to 5 Bedrooms keeping the numbers sub $1.5M and out of the luxury, custom market.
This is a monthly report of the Northern Virginia Real Estate market. Weekly I post a video of current market conditions on Tuesday's and will post the monthly report by the 10th of each month as the numbers finalize in the MLS (Bright).
The numbers come from the MLS (Bright), opinions are my own. This represents the market up to 5 Bedrooms keeping the numbers sub $1.5M and out of the luxury, custom market.
- TAGS
- falls-church-virginia
- alexandria-virginia
- manassas-virginia
- arlington-virginia
- fauquier-county
- real-estate-of-nva
- michele-hudnall
- nva-real-estate-trends
- nova-real-estate-trends
- northern-virginia-home-trends
- northern-virginia-home-prices
- fairfax-county
- prince-william-county
- northern-virginia-real-estate
- northern-virginia
- loudoun-county
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|| FAIRFAX COUNTY OVERVIEW AUGUST <strong>2020</strong><br />
Detached<br />
Number<br />
<strong>of</strong> Sales<br />
Avg<br />
Days on<br />
Mkt<br />
FAIRFAX COUNTY<br />
Avg Price<br />
/ SQFT<br />
Avg Close<br />
Price<br />
Avg Orig<br />
List Price<br />
Avg Sale to<br />
Orig List<br />
Price Ratio<br />
TOTALS / AVGS 893 20 $ 361.15 $ 803,330 $ 804,405 100%<br />
BEDS<br />
< 2<br />
3 4 – 5<br />
3 4 – 5<br />
4 – 5<br />
11 14 $ 469.19 $ 589,355 $ 587,236 100%<br />
134 15 $ 423.53 $ 638,142 $ 630,009 101%<br />
748 21 $ 348.38 $ 836,069 $ 838,841 100%<br />
DOM<br />
DETACHED<br />
% <strong>of</strong> SALES<br />
61 7%<br />
% <strong>of</strong> SALES WITH<br />
AVG CONCESSION<br />
CONCESSIONS<br />
$ 7,951 26%<br />
CHG YTD CHG YoY CHG YTD CHG YoY<br />
1% 5% -423% -252%<br />
- 40 -
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