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.
- TAGS
- fauquier-county-real-estate
- prince-william-real-estate
- loudoun-county-real-estate
- fairfax-county-real-estate
- arlington-real-estate
- alexandria-real-estate
- fairfax-real-estate
- falls-church-real-estate
- manassas-real-estate
- best-northern-virginia-realtor
- your-northern-virginia-realtor
- northern-virginia-home-trends
- northern-virginia-home-prices
- real-estate-of-nva
- nva-real-estate-trends
- nova-real-estate-trends
- northern-virginia-real-estate
- michele-hudnall
- realestateofnva
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|| NORTHERN VIRGINIA OVERVIEW NOVEMBER <strong>2020</strong><br />
YoY AND YoY YTD STRUCTURE TYPE COMPARISON<br />
NORTHERN<br />
VIRGINIA<br />
DECEMBER<br />
YEAR OVER YEAR<br />
CHANGE %<br />
Number<br />
<strong>of</strong> Sales<br />
AVG DOM<br />
Avg<br />
Price/SqFt<br />
Avg Sale<br />
to Orig<br />
List Price<br />
Ratio<br />
Avg Close<br />
Price<br />
YoY<br />
SALES<br />
YoY DOM<br />
YoY $ /<br />
SQFT<br />
YoY $<br />
RATIO<br />
YoY<br />
CLOSE<br />
2019 2,592 29 $ 295.77 98.30% $ 522,871<br />
<strong>2020</strong> 3,326 19 $ 330.31 99.58% $ 551,969 28.32% -35.32% 11.68% 1.29% 5.57%<br />
VALUE PAST DEMAND SUPPLY<br />
MEDIAN SALES PRICE CLOSED LISTINGS ACTIVE LISTINGS<br />
SUPPLY<br />
NEW LISTINGS<br />
MARKETING<br />
DAYS ON MARKET<br />
NEGOTIABILITY<br />
SALE TO ORIG LIST PRICE<br />
CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY<br />
5% 1% 68% 38% 59% 71% -11% 86% -24% -15% 0% 1%<br />
$284,550 585 1,574<br />
479 28<br />
99%<br />
YoY YTD<br />
$282,759 6,299<br />
19,016<br />
8,599 22<br />
2.66% -0.11%<br />
23.18%<br />
22.56%<br />
-19.22%<br />
99.25%<br />
0.55%<br />
VALUE<br />
PAST DEMAND<br />
SUPPLY<br />
MEDIAN SALES PRICE CLOSED LISTINGS ACTIVE LISTINGS<br />
CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY<br />
-3% 2% 86% 22% -38% -43% -24% 37% -56% -57% 11% 2%<br />
$641,465<br />
1,563 2,298<br />
SUPPLY<br />
NEW LISTINGS<br />
MARKETING<br />
DAYS ON MARKET<br />
979 17<br />
NEGOTIABILITY<br />
SALE TO ORIG LIST PRICE<br />
100%<br />
YoY YTD<br />
$667,685<br />
7.93%<br />
19,398<br />
5.87%<br />
51,4<strong>12</strong><br />
22,186<br />
23<br />
99.32%<br />
-27.91% -4.64%<br />
-31.51%<br />
0.18%<br />
VALUE PAST DEMAND SUPPLY<br />
MEDIAN SALES PRICE CLOSED LISTINGS ACTIVE LISTINGS<br />
CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY CHG YTD CHG YoY<br />
13% 3% 88% 29% -19% -21% -9% 38% -49% -34% 1% 0%<br />
$499,875<br />
1,243 1,555<br />
SUPPLY<br />
NEW LISTINGS<br />
8<strong>12</strong><br />
MARKETING<br />
DAYS ON MARKET<br />
15<br />
NEGOTIABILITY<br />
SALE TO ORIG LIST PRICE<br />
100%<br />
YoY YTD<br />
$474,934<br />
2.17%<br />
13,968<br />
7.93%<br />
29,428<br />
-<strong>12</strong>.43%<br />
15,908<br />
6.03%<br />
17<br />
-27.06%<br />
99.31%<br />
-0.40%<br />
NORTHERN<br />
VIRGINIA<br />
DECEMBER<br />
YTD AVGs<br />
YoY CHG %<br />
Number<br />
<strong>of</strong> Sales<br />
AVG DOM<br />
Avg<br />
Price/SqFt<br />
Avg Sale<br />
to Orig<br />
List Price<br />
Ratio<br />
Avg Close<br />
Price<br />
YoY<br />
SALES<br />
YoY DOM<br />
YoY $ /<br />
SQFT<br />
YoY $<br />
RATIO<br />
YoY<br />
CLOSE<br />
2019 36,734 25 $ 385.59 89.11% $ 516,871<br />
<strong>2020</strong> 39,449 18 $ 328.46 99.68% $ 551,094 7.39% -25.13% -14.81% 11.86% 6.62%<br />
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