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2020-09 -- Real Estate of Northern Virginia Market Report - September 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 and will post the monthly report between the 10th and 15th 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 and will post the monthly report between the 10th and 15th 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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SEPTEMBER <strong>2020</strong> MANASSAS CITY OVERVIEW ||<br />

|| STRUCTURE TYPES<br />

|| STRUCTURE TYPES<br />

Condominium<br />

Number<br />

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

Avg<br />

Days on<br />

Mkt<br />

MANASSAS CITY<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 5 18 $ 206.69 $ 240,500 $ 244,000 99%<br />

BEDS<br />

4 22 $ 207.93 $ 248,125 $ 253,750 98%<br />

1 3 $ 201.73 $ 210,000 $ 205,000 102%<br />

CONDOMINIUM<br />

DOM<br />

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

61 0%<br />

AVG CONCESSION<br />

% OF SALES WITH<br />

A CONCESSION<br />

$2,000 20%<br />

CHG YTD CHG YoY<br />

CHG YTD CHG YoY<br />

-42% -45% -80% -75%<br />

- 57 -

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