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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.

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|| PRINCE WILLIAM COUNTY OVERVIEW AUGUST <strong>2020</strong><br />

|| STRUCTURE TYPES & CITIES<br />

Condominium<br />

Number<br />

<strong>of</strong> Sales<br />

PRINCE WILLIAM COUNTY<br />

Avg<br />

Days on<br />

Mkt<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 24 21 $ 203.<strong>08</strong> $ 254,517 $ 258,1<strong>08</strong> 99%<br />

BEDS<br />

21 21 $ 205.89 $ 245,186 $ 248,604 99%<br />

3 25 $ 183.42 $ 319,833 $ 324,633 99%<br />

CONDOMINIUM<br />

DOM<br />

% <strong>of</strong> SALES<br />

61 7%<br />

AVG CONCESSION<br />

% OF SALES WITH<br />

A CONCESSION<br />

$3,940 37%<br />

CHG YTD CHG YoY CHG YTD CHG YoY<br />

-10% -15% -10% -15%<br />

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