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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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|| LOUDOUN COUNTY OVERVIEW NOVEMBER <strong>2020</strong><br />

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

LOUDOUN 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 463 30 $ 230.26 99.00% $ 540,682<br />

<strong>2020</strong> 610 31.75% 17 -45.52% $ 258.45 <strong>12</strong>.24% 100.26% 1.27% $ 575,651 6.47%<br />

2019 580 23 $ 235.31<br />

98.70% $ 294,369<br />

<strong>2020</strong> 628 8.28% 23 -0.55% $ 249.48 6.02% 98.81% 0.<strong>12</strong>% $ 313,773 6.59%<br />

2019 3,026 31 $ 246.16<br />

62.25% $ 661,232<br />

<strong>2020</strong> 3,474 14.81% 21 -32.70% $ 257.25 4.50% 99.58% 59.96% $ 699,977 5.86%<br />

2019 3,055 18 $ 225.30<br />

99.34% $ 453,033<br />

<strong>2020</strong> 3,368 10.25% 14 -20.35% $ 232.56 3.22% 100.22% 0.89% $ 477,055 5.30%<br />

LOUDOUN 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 6,661 24 $ 235.64 74.39% $ 533,723<br />

<strong>2020</strong> 7,470 <strong>12</strong>.15% 18 -25.70% $ 245.47 4.17% 99.79% 34.14% $ 567,000 6.23%<br />

2019 580 23 $ 235.31<br />

98.70% $ 294,369<br />

<strong>2020</strong> 628 8.28% 23 -0.55% $ 249.48 6.02% 98.81% 0.<strong>12</strong>% $ 313,773 6.59%<br />

2019 3,026 31 $ 246.16<br />

62.25% $ 661,232<br />

<strong>2020</strong> 3,474 14.81% 21 -32.70% $ 257.25 4.50% 99.58% 59.96% $ 699,977 5.86%<br />

2019 3,055 18 $ 225.30<br />

99.34% $ 453,033<br />

<strong>2020</strong> 3,368 10.25% 14 -20.35% $ 232.56 3.22% 100.22% 0.89% $ 477,055 5.30%<br />

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