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

|| FAIRFAX COUNTY OVERVIEW NOVEMBER 2020
Fairfax, VA
MARKET ANALYSIS BY CITY
Number
of Sales
Avg Days
on Mkt
Avg Price
/ SQFT
- 80 -
Avg Sale to
Orig List
Price Ratio
Avg Close
Price
YoY Close
Price
Change
1,303 18 $ 378.47 99.47% $ 594,042 4.45%
Townhouse 452 13 $ 330.55 100.33% $ 507,916 3.56%
Alexandria 90 12 $ 337.24 101.23% $ 494,662 8.30%
2 Beds or less 24 15 $ 352.76 99.24% $ 393,671 2.65%
3 Beds 47 10 $ 337.14 100.31% $ 518,622 7.41%
4 to 5 Beds 19 13 $ 316.80 105.29% $ 562,960 13.12%
Annandale 10 13 $ 305.71 102.41% $ 486,098 7.95%
2 Beds or less 1 6 $ 372.07 96.74% $ 445,000 #DIV/0!
3 Beds 6 18 $ 306.81 103.55% $ 483,163 5.77%
4 to 5 Beds 3 6 $ 281.38 102.02% $ 505,667 16.51%
Burke 24 10 $ 350.66 101.68% $ 464,308 9.04%
2 Beds or less 2 3 $ 367.07 101.20% $ 422,500 #DIV/0!
3 Beds 18 11 $ 353.13 101.05% $ 458,078 8.84%
4 to 5 Beds 4 9 $ 331.37 104.53% $ 513,250 -0.34%
Centreville 56 12 $ 290.83 99.94% $ 401,720 5.42%
2 Beds or less 9 10 $ 275.88 99.56% $ 310,656 -8.45%
3 Beds 37 11 $ 298.06 99.69% $ 412,322 9.72%
4 to 5 Beds 10 15 $ 277.54 101.04% $ 444,450 -0.38%
Chantilly 7 27 $ 281.56 101.09% $ 577,878 37.27%
2 Beds or less 1 3 $ 218.91 96.15% $ 250,000 #DIV/0!
3 Beds 5 36 $ 296.77 101.58% $ 626,029 48.71%
4 to 5 Beds 1 5 $ 268.15 100.77% $ 665,000 #DIV/0!
Clifton 3 11 $ 327.07 99.25% $ 398,300 15.97%
2 Beds or less 1 5 $ 378.02 101.35% $ 375,000 47.12%
3 Beds 1 25 $ 292.63 96.66% $ 405,000 -6.25%
4 to 5 Beds 1 2 $ 310.55 100.00% $ 414,900 #DIV/0!
Fairfax 54 15 $ 329.00 99.87% $ 539,579 -1.48%
2 Beds or less 9 7 $ 317.07 100.59% $ 450,744 5.86%
3 Beds 36 19 $ 334.16 99.68% $ 531,947 -2.06%
4 to 5 Beds 9 12 $ 320.29 100.00% $ 658,939 -0.76%
Falls Church 16 11 $ 388.48 100.54% $ 613,061 6.51%
2 Beds or less 1 0 $ 473.12 100.00% $ 440,000 7.49%
3 Beds 10 6 $ 382.14 100.71% $ 612,920 -3.46%
4 to 5 Beds 5 23 $ 384.24 100.31% $ 647,955 7.99%
Herndon 30 9 $ 284.33 99.81% $ 458,797 -3.12%
2 Beds or less 3 10 $ 270.27 98.96% $ 345,667 #DIV/0!
3 Beds 21 9 $ 284.78 99.94% $ 468,329 0.06%
4 to 5 Beds 6 8 $ 289.78 99.66% $ 482,000 -1.35%
Lorton 20 10 $ 309.46 101.70% $ 476,850 0.71%
2 Beds or less 2 17 $ 384.16 100.71% $ 360,000 32.84%
3 Beds 13 9 $ 297.64 101.37% $ 479,473 0.39%
4 to 5 Beds 5 9 $ 310.33 102.76% $ 516,770 -11.66%
Mclean 10 18 $ 407.98 97.75% $ 827,545 -4.45%
2 Beds or less 1 10 $ 318.82 96.58% $ 337,950 #DIV/0!
3 Beds 7 15 $ 422.91 98.92% $ 829,643 10.05%
4 to 5 Beds 2 33 $ 400.32 94.88% $ 1,065,000 0.24%
Merrifield 1 23 $ 377.64 95.02% $ 983,370 #DIV/0!
4 to 5 Beds 1 23 $ 377.64 95.02% $ 983,370 #DIV/0!
Oakton 10 11 $ 372.46 100.72% $ 640,380 21.17%
2 Beds or less 0 0 $ - #DIV/0! $ - -100.00%
3 Beds 8 14 $ 370.80 100.90% $ 543,975 -0.23%
4 to 5 Beds 2 2 $ 379.11 100.34% $ 1,026,000 #DIV/0!
Reston 62 14 $ 338.67 99.84% $ 548,551 13.78%
2 Beds or less 5 43 $ 397.30 97.54% $ 463,300 27.25%
3 Beds 40 12 $ 330.27 99.94% $ 511,897 7.10%
4 to 5 Beds 17 11 $ 341.20 100.13% $ 659,869 12.05%
Springfield 47 12 $ 331.03 100.80% $ 453,555 6.73%
2 Beds or less 4 8 $ 333.03 100.27% $ 376,688 9.43%
3 Beds 39 13 $ 331.52 100.90% $ 458,703 4.66%
4 to 5 Beds 4 7 $ 324.28 100.31% $ 480,225 4.90%
Vienna 12 32 $ 409.55 97.90% $ 673,408 1.14%
2 Beds or less 1 18 $ 435.95 96.71% $ 482,600 #DIV/0!
3 Beds 7 31 $ 412.14 98.99% $ 680,757 2.02%
4 to 5 Beds 4 36 $ 398.44 96.34% $ 708,250 6.77%