2020-09 -- Real Estate of Northern Virginia Market Report - September 2020 Market Trends - Michele Hudnall

SEPTEMBER 2020 NORTHERN VIRGINIA OVERVIEW ||
|| SUMMARY
NORTHERN VIRGINIA MARKET REVIEW
DEMAND – SUPPLY – MARKET – VALUE
MoM – YTD – YoY CHANGE
Active Listings 2019/09 2020/01 2020/08 2020/09MoM CHGYTD CHG YoY CHG
Alexandria City, VA 463 325 547 443 -19.01% 36.31% -4.32%
Arlington, VA 534 315 667 612 -8.25% 94.29% 14.61%
Fairfax City, VA 134 90 73 57 -21.92% -36.67% -57.46%
Fairfax, VA 4327 2589 3342 2446 -26.81% -5.52% -43.47%
Falls Church City, VA 36 16 29 23 -20.69% 43.75% -36.11%
Fauquier, VA 617 412 357 268 -24.93% -34.95% -56.56%
Loudoun, VA 2106 1315 1580 993 -37.15% -24.49% -52.85%
Manassas City, VA 194 120 131 74 -43.51% -38.33% -61.86%
Manassas Park City, VA 93 51 37 21 -43.24% -58.82% -77.42%
Prince William, VA 2283 1409 1571 960 -38.89% -31.87% -57.95%
New Listings 2019/09 2020/01 2020/08 2020/09MoM CHGYTD CHG YoY CHG
Alexandria City, VA 268 188 314 345 9.87% 83.51% 28.73%
Arlington, VA 277 178 351 428 21.94% 140.45% 54.51%
Fairfax City, VA 33 23 32 49 53.13% 113.04% 48.48%
Fairfax, VA 1550 1092 1832 1945 6.17% 78.11% 25.48%
Falls Church City, VA 22 7 20 25 25.00% 257.14% 13.64%
Fauquier, VA 142 108 147 144 -2.04% 33.33% 1.41%
Loudoun, VA 667 546 819 792 -3.30% 45.05% 18.74%
Manassas City, VA 73 46 74 83 12.16% 80.43% 13.70%
Manassas Park City, VA 34 14 19 20 5.26% 42.86% -41.18%
Prince William, VA 710 539 868 904 4.15% 67.72% 27.32%
Sold Listings 2019/09 2020/01 2020/08 2020/09MoM CHGYTD CHG YoY CHG
Alexandria City, VA 178 128 262 260 -0.76% 103.13% 46.07%
Arlington, VA 185 138 269 241 -10.41% 74.64% 30.27%
Fairfax City, VA 31 15 35 31 -11.43% 106.67% 0.00%
Fairfax, VA 1168 771 1635 1490 -8.87% 93.26% 27.57%
Falls Church City, VA 13 4 27 14 -48.15% 250.00% 7.69%
Fauquier, VA 104 65 117 129 10.26% 98.46% 24.04%
Loudoun, VA 573 310 782 780 -0.26% 151.61% 36.13%
Manassas City, VA 33 28 81 71 -12.35% 153.57% 115.15%
Manassas Park City, VA 30 16 30 19 -36.67% 18.75% -36.67%
Prince William, VA 590 387 839 793 -5.48% 104.91% 34.41%
Pending Listings 2019/09 2020/01 2020/08 2020/09MoM CHGYTD CHG YoY CHG
Alexandria City, VA 158 129 247 215 -12.96% 66.67% 36.08%
Arlington, VA 170 113 223 197 -11.66% 74.34% 15.88%
Fairfax City, VA 21 18 30 30 0.00% 66.67% 42.86%
Fairfax, VA 976 713 1353 1265 -6.50% 77.42% 29.61%
Falls Church City, VA 15 2 17 12 -29.41% 500.00% -20.00%
Fauquier, VA 79 61 101 127 25.74% 108.20% 60.76%
Loudoun, VA 406 309 643 604 -6.07% 95.47% 48.77%
Manassas City, VA 47 34 44 74 68.18% 117.65% 57.45%
Manassas Park City, VA 23 14 15 22 46.67% 57.14% -4.35%
Prince William, VA 467 377 731 709 -3.01% 88.06% 51.82%
EOM Inv 2019/09 2020/01 2020/08 2020/09MoM CHGYTD CHG YoY CHG
Alexandria City, VA 177 111 307 370 20.52% 233.33% 109.04%
Arlington, VA 176 94 419 528 26.01% 461.70% 200.00%
Fairfax City, VA 42 19 37 49 32.43% 157.89% 16.67%
Fairfax, VA 1450 799 1801 1979 9.88% 147.68% 36.48%
Falls Church City, VA 13 8 15 21 40.00% 162.50% 61.54%
Fauquier, VA 207 125 241 225 -6.64% 80.00% 8.70%
Loudoun, VA 640 354 841 800 -4.88% 125.99% 25.00%
Manassas City, VA 83 36 73 61 -16.44% 69.44% -26.51%
Manassas Park City, VA 35 19 19 19 0.00% 0.00% -45.71%
Prince William, VA 775 449 717 733 2.23% 63.25% -5.42%
NORTHERN VIRGINIA
Avg Months of
Inventory
2019/09 2020/01 2020/08 2020/09 MoM CHGYTD CHG YoY CHG
Alexandria City, VA 0.90 0.60 1.10 1.40 27.27% 133.33% 55.56%
Arlington, VA 0.70 0.50 1.60 2.00 25.00% 300.00% 185.71%
Fairfax City, VA 1.00 0.60 0.90 1.40 55.56% 133.33% 40.00%
Fairfax, VA 1.00 0.70 1.00 1.20 20.00% 71.43% 20.00%
Falls Church City, VA 0.80 0.80 0.70 0.80 14.29% 0.00% 0.00%
Fauquier, VA 1.80 1.60 1.50 1.90 26.67% 18.75% 5.56%
Loudoun, VA 0.90 0.70 1.00 1.00 0.00% 42.86% 11.11%
Manassas City, VA 1.30 0.60 1.00 0.80 -20.00% 33.33% -38.46%
Manassas Park City, VA 1.50 1.60 0.70 0.60 -14.29% -62.50% -60.00%
Prince William, VA 1.00 0.80 0.80 0.90 12.50% 12.50% -10.00%
Avg Median Sales
Price
2019/09 2020/01 2020/08 2020/09 MoM CHGYTD CHG YoY CHG
Alexandria City, VA $ 496,000 $ 470,000 $ 587,500 $ 503,000 -14.38% 7.02% 1.41%
Arlington, VA $ 575,000 $ 530,000 $ 645,000 $ 665,000 3.10% 25.47% 15.65%
Fairfax City, VA $ 520,000 $ 461,988 $ 550,000 $ 602,888 9.62% 30.50% 15.94%
Fairfax, VA $ 499,450 $ 515,000 $ 570,000 $ 575,000 0.88% 11.65% 15.13%
Falls Church City, VA $ 735,000 $ 475,000 $ 635,000 $ 754,250 18.78% 58.79% 2.62%
Fauquier, VA $ 402,000 $ 375,000 $ 470,000 $ 415,000 -11.70% 10.67% 3.23%
Loudoun, VA $ 505,000 $ 497,284 $ 560,000 $ 549,995 -1.79% 10.60% 8.91%
Manassas City, VA $ 375,000 $ 317,500 $ 371,500 $ 317,000 -14.67% -0.16% -15.47%
Manassas Park City, VA $ 307,500 $ 317,500 $ 322,500 $ 391,000 21.24% 23.15% 27.15%
Prince William, VA $ 381,000 $ 367,000 $ 428,000 $ 423,250 -1.11% 15.33% 11.09%
Avg DOM 2019/09 2020/01 2020/08 2020/09 MoM CHGYTD CHG YoY CHG
Alexandria City, VA 18 31 13 14 7.69% -54.84% -22.22%
Arlington, VA 21 30 15 16 6.67% -46.67% -23.81%
Fairfax City, VA 23 18 26 22 -15.38% 22.22% -4.35%
Fairfax, VA 23 33 15 15 0.00% -54.55% -34.78%
Falls Church City, VA 56 25 17 17 0.00% -32.00% -69.64%
Fauquier, VA 59 66 37 50 35.14% -24.24% -15.25%
Loudoun, VA 27 35 16 16 0.00% -54.29% -40.74%
Manassas City, VA 32 34 12 10 -16.67% -70.59% -68.75%
Manassas Park City, VA 16 28 13 18 38.46% -35.71% 12.50%
Prince William, VA 27 39 14 13 -7.14% -66.67% -51.85%
Avg Sale to Orig
Price Ratio
2019/09 2020/01 2020/08 2020/09 MoM CHGYTD CHG YoY CHG
Alexandria City, VA 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.00%
Arlington, VA 100.00% 100.00% 100.00% 100.00% 0.00% 0.00% 0.00%
Fairfax City, VA 99.50% 99.10% 100.00% 100.20% 0.20% 1.11% 0.70%
Fairfax, VA 100.00% 99.30% 100.00% 100.00% 0.00% 0.70% 0.00%
Falls Church City, VA 98.00% 96.70% 100.00% 101.40% 1.40% 4.86% 3.47%
Fauquier, VA 97.10% 97.80% 100.00% 100.00% 0.00% 2.25% 2.99%
Loudoun, VA 99.60% 99.40% 100.00% 100.00% 0.00% 0.60% 0.40%
Manassas City, VA 98.40% 98.30% 100.20% 100.00% -0.20% 1.73% 1.63%
Manassas Park City, VA 100.00% 100.00% 100.00% 101.30% 1.30% 1.30% 1.30%
Prince William, VA 99.40% 99.00% 100.00% 100.80% 0.80% 1.82% 1.41%
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