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2020-11 -- Real Estate of Northern Virginia Market Report - November 2020 Real Estate Trends - Michele Hudnall

2021 - More of the Same 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.

2021 - More of the Same

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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|| FAIRFAX CITY OVERVIEW NOVEMBER <strong>2020</strong><br />

Avg<br />

Days on<br />

Avg Sale to<br />

Orig List<br />

Detached<br />

Number<br />

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

Mkt<br />

Avg Price<br />

/ SQFT<br />

Avg Close<br />

Price<br />

Avg Orig<br />

List Price<br />

Price Ratio<br />

TOTALS / AVGS 16 17 $ 355.86 $ 657,150 $ 664,050 99%<br />

BEDS<br />

< 2<br />

3 4 – 5<br />

3 4 – 5<br />

4 – 5<br />

FAIRFAX CITY<br />

1 13 $ 591.40 $ 440,000 $ 450,000 98%<br />

5 28 $ 352.51 $ 553,000 $ 568,960 97%<br />

10 12 $ 333.99 $ 730,940 $ 733,000 100%<br />

DOM<br />

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

61 0%<br />

AVG CONCESSION<br />

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

CONCESSIONS<br />

$14,388 25%<br />

CHG YTD CHG YoY<br />

CHG YTD CHG YoY<br />

80% 66% 25% -43%<br />

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