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2020-12 -- Real Estate of Northern Virginia Market Report - December 2020 Real Estate Trends - Michele Hudnall

2020 - End of the Year Clearance Sale!! This is a monthly report of the Northern Virginia Real Estate market regarding current market conditions with the blog, report and video conversation. 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.

2020 - End of the Year Clearance Sale!!

This is a monthly report of the Northern Virginia Real Estate market regarding current market conditions with the blog, report and video conversation.

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 NOVEMBER <strong>2020</strong><br />

YoY AND YoY YTD COMPARISON TO PREVIOUS YEAR<br />

PRINCE WILLIAM<br />

COUNTY<br />

DECEMBER<br />

YoY CHANGE %<br />

Condominium<br />

Detached<br />

Townhouse<br />

Number<br />

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

YoY<br />

SALES<br />

AVG<br />

DOM<br />

YoY<br />

DOM<br />

Avg<br />

Price/SqFt<br />

YoY $ /<br />

SQFT<br />

Avg Sale to<br />

Orig List<br />

Price Ratio<br />

YoY $<br />

RATIO<br />

Avg Close<br />

Price<br />

YoY<br />

CLOSE<br />

2019 533 29 $ 220.51 98.37% $ 396,134<br />

<strong>2020</strong> 706 32.46% 13 -56.19% $ 244.72 10.98% 100.80% 2.46% $ 449,461 13.46%<br />

2019 354 21 $ 186.48<br />

97.96% $ 228,100<br />

<strong>2020</strong> 334 -5.65% 18 -15.87% $ 202.86 8.79% 99.00% 1.06% $ 260,502 14.20%<br />

2019 4,052 31 $ 823.80<br />

98.31% $ 474,254<br />

<strong>2020</strong> 4,436 9.48% 19 -40.46% $ 391.19 -52.51% 100.00% 1.71% $ 516,231 8.85%<br />

2019 2,992 22 $ 273.65<br />

99.01% $ 328,697<br />

<strong>2020</strong> 3,272 9.36% 14 -34.79% $ 230.26 -15.86% 100.19% 1.19% $ 353,263 7.47%<br />

PRINCE WILLIAM<br />

COUNTY<br />

DECEMBER<br />

YTD AVGs<br />

YoY CHG %<br />

Condominium<br />

Detached<br />

Townhouse<br />

Number<br />

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

YoY<br />

SALES<br />

AVG<br />

DOM<br />

YoY<br />

DOM<br />

Avg<br />

Price/SqFt<br />

YoY $ /<br />

SQFT<br />

Avg Sale to<br />

Orig List<br />

Price Ratio<br />

YoY $<br />

RATIO<br />

Avg Close<br />

Price<br />

YoY<br />

CLOSE<br />

2019 7,398 27 $ 570.70 98.53% $ 403,607<br />

<strong>2020</strong> 8,042 8.71% 17 -37.70% $ 317.88 -44.30% 100.03% 1.52% $ 439,304 8.84%<br />

2019 354 21 $ 186.48<br />

97.96% $ 228,100<br />

<strong>2020</strong> 334 -5.65% 18 -15.87% $ 202.86 8.79% 99.00% 1.06% $ 260,502 14.20%<br />

2019 4,052 31 $ 823.80<br />

98.31% $ 474,254<br />

<strong>2020</strong> 4,436 9.48% 19 -40.46% $ 391.19 -52.51% 100.00% 1.71% $ 516,231 8.85%<br />

2019 2,992 22 $ 273.65<br />

99.01% $ 328,697<br />

<strong>2020</strong> 3,272 9.36% 14 -34.79% $ 230.26 -15.86% 100.19% 1.19% $ 353,263 7.47%<br />

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