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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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|| 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 15 $ 402.91 $ 645,363 $ 644,718 100%<br />

BEDS<br />

< 2<br />

3 4 – 5<br />

3 4 – 5<br />

4 – 5<br />

FAIRFAX CITY<br />

0 0 $ - $ - $ - #DIV/0!<br />

3 24 $ 413.08 $ 585,667 $ 585,000 100%<br />

13 13 $ 400.56 $ 659,138 $ 658,499 100%<br />

DOM<br />

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

61 14%<br />

AVG CONCESSION<br />

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

CONCESSIONS<br />

$9,483 38%<br />

CHG YTD CHG YoY<br />

CHG YTD CHG YoY<br />

19% 64% 88% -9%<br />

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