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2021-03 -- Real Estate of Northern Virginia Market Report - March 2021 Real Estate Trends - Michele Hudnall

2021 - Dare I Say Bidding Wars - Highly Competitive Market and a Unique Sellers Market! The Real Estate of Northern Virginia Report is a comprehensive residential real estate update for the Northern Virginia (NVA) region. The report is a unique report for the region that is both wide and deep, focused locally with actionable advice. The data is drawn from the local listing service, Bright MLS, compiled and presented with my opinion and advice as the author, knowledge as a Realtor and lifetime resident of this region.

2021 - Dare I Say Bidding Wars - Highly Competitive Market and a Unique Sellers Market!

The Real Estate of Northern Virginia Report is a comprehensive residential real estate update for the Northern Virginia (NVA) region. The report is a unique report for the region that is both wide and deep, focused locally with actionable advice.

The data is drawn from the local listing service, Bright MLS, compiled and presented with my opinion and advice as the author, knowledge as a Realtor and lifetime resident of this region.

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[ MAR <strong>2021</strong> ]<br />

MONTHLY MARKET REPORT<br />

Alexandria | Arlington | Fairfax | Falls Church<br />

Manassas | Manassas Park<br />

Fairfax County | Loudoun County<br />

Prince William County | Fauquier County


Finding Home in NVA<br />

HELLO FRIENDS OF NORTHERN VIRGINIA!<br />

The <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> <strong>Northern</strong> <strong>Virginia</strong> <strong>Report</strong> is a comprehensive residential real estate update<br />

for the <strong>Northern</strong> <strong>Virginia</strong> (NVA) market. The report is a unique report for the region that is both<br />

wide and deep, focused locally with actionable advice.<br />

The data is drawn from the local listing service, Bright MLS, compiled and presented with my<br />

opinion and advice as the author, knowledge as a <strong>Real</strong>tor and lifetime resident <strong>of</strong> the region.<br />

As a 30+ year consultative market analyst and strategist in the technology sector, it is my goal<br />

to present data to educate, inform and provide actionable advice. The report and advice is<br />

meant to assist all <strong>of</strong> my seller and buyer friends with their real estate decisions in the NVA<br />

region – my home and my love!<br />

This report aligns with the 10 jurisdictions <strong>of</strong> the <strong>Northern</strong> <strong>Virginia</strong> Economic Development<br />

Alliance. Join the conversation during monthly videos and updates.<br />

I am here for you whether you are in or out <strong>of</strong> the region and have questions regarding the<br />

NVA Residential <strong>Real</strong> <strong>Estate</strong> <strong>Market</strong>.<br />

Looking forward to speaking to you soon!<br />

<strong>Michele</strong><br />

<strong>Michele</strong> <strong>Hudnall</strong><br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> <strong>Northern</strong> <strong>Virginia</strong><br />

@<strong>Real</strong><strong>Estate</strong>OfNVA


1 1<br />

9<br />

41<br />

75<br />

1<br />

NORTHERN VIRGINIA OVERVIEW<br />

CITIES OF NORTHERN VIRGINIA<br />

10 | Alexandria<br />

15 | Arlington<br />

20 | Fairfax<br />

25 | Falls Church<br />

30 | Manassas<br />

35 | Manassas Park<br />

COUNTIES OF NORTHERN VIRGINIA<br />

42 | Fairfax<br />

50 | Loudoun<br />

58 | Prince William<br />

66 | Fauquier<br />

ABOUT REAL ESTATE OF NORTHERN VIRGINIA


3.04 %<br />

30 Yr FRM 4/15/21<br />

INTEREST<br />

RATES<br />

%<br />

NEWS<br />

Rates as reported by Freddie Mac<br />

Historically low interest rates<br />

Mortgage originations are at a 14-year high and<br />

flattening – buyer fatigue?<br />

Refinancing and Home Equity Loans are also at a<br />

14-15 year high and rising – homeowners not<br />

selling!<br />

The low interest rates are fueling both sides <strong>of</strong> the market,<br />

new buyers and sellers who are investing in their homes<br />

and sending the message, “NO” we are not selling.<br />

Hype news stemming from YoY comparisons<br />

YoY monthly comparisons leads to hype news<br />

YoY <strong>March</strong> Sales are down by 19% - YoY YTD<br />

<strong>March</strong> Sales are up by 20%<br />

Active Listings are declining, and Sales are<br />

dependent upon New Listings<br />

The Pandemic has challenged the seasonal real estate<br />

market – best to look at YTD YoY comparisons.<br />

-40% YoY YTD<br />

.60 MoS<br />

INVENTORY<br />

Months <strong>of</strong> Supply <strong>of</strong> Inventory is at a historical low –<br />

Effect <strong>of</strong> current market conditions<br />

Sold Listings are up 20% YoY YTD<br />

New Listings are on par YoY YTD<br />

Active Listings are down 33% YoY YTD<br />

Months <strong>of</strong> Supply is down 40% YoY YTD. This is the ‘effect’ <strong>of</strong><br />

the ‘cause’, steady decline in New Listings, the fuel to the<br />

market and rising prices. New Listings started to rise in<br />

January and declined again by <strong>March</strong>.<br />

+8% YoY YTD CLOSE < 10<br />

PRICE<br />

DOM<br />

Effect <strong>of</strong> current market conditions and a unique<br />

Seller’s opportunity<br />

6 <strong>of</strong> the 10 jurisdictions are up ranging from 5 to<br />

28% YoY <strong>March</strong> - Falls Church has an extreme<br />

Seller’s <strong>Market</strong> with desirability <strong>of</strong> location.<br />

Fairfax County is down 3%. Alexandria City is<br />

down 2% and Arlington City down 6% due to the<br />

rise in condominium inventory.<br />

Appreciation is s<strong>of</strong>tening ever so slightly with 1) lack <strong>of</strong> fuel,<br />

2) sale <strong>of</strong> older listings and 3) condominium sale increase.<br />

This is absolutely a unique Seller opportunity until the rise<br />

<strong>of</strong> New Listings -the Fuel and leading indicator <strong>of</strong> a shift.<br />

Neutral YoY YTD NEW<br />

LISTINGS<br />

Cause to current market conditions – Leading<br />

Indicator to the future market conditions<br />

The Fuel to the market has declined again in<br />

<strong>March</strong>, choking the market<br />

New Listings are the ‘Leading Indicator’ to a shift<br />

in the current Sellers’ <strong>Market</strong><br />

Slight uptick in New Listings in January has lost<br />

momentum in <strong>March</strong>.<br />

With Sold Listings up 20% YoY YTD and the Fuel neutral,<br />

Active Listings continue to fall to less than half a month<br />

providing a window <strong>of</strong> opportunity for Sellers to capitalize<br />

on the market.<br />

MARKETABILITY &<br />

NEGOTIABILITY<br />

DOM<br />

Well positioned homes and buyer due diligence leads<br />

to speed to sale with high competition and low<br />

negotiation<br />

~70% <strong>of</strong> homes are under contract in < 10 days<br />

~17% close with


|| NORTHERN VIRGINIA OVERVIEW<br />

Median Sale Price $525,550 Avg Concession<br />

Median Sale to<br />

Median Days on<br />

$5,667<br />

100.10%<br />

Orig List Price<br />

<strong>Market</strong><br />

6<br />

-4.01% 2.19% -11.49% -15.44% -1.57% 0.10% 20.00% 0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$547,500 $514,300<br />

$6,4<strong>03</strong> $6,702 101.70%<br />

100.00% 5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$488,100 $526,017 7.77% $6,702 $5,667 -15.44% 99.73% 100.60% 0.87% 11 6 -42.42%<br />

5-Yr MAR avg $459,460 14.38% MAR % w/ Con 35.17% 16.57% -52.89% 5-Yr MAR avg 99.46% 0.64% 5-Yr MAR avg 12 -49.15%<br />

Median Days<br />

Contract to Settle<br />

31<br />

6.90% 3.33%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

29<br />

30<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

32 31 -1.05%<br />

5-Yr MAR avg 33 -6.63%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 45 58 14<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

-1.18%<br />

0.60<br />

-46.49%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.60<br />

1.11<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.99 0.60 -39.29%<br />

5-Yr MAR avg 1.79 -66.71%<br />

Active Listings 2,102 New Listings 3,459 New Pendings<br />

3,109 Closed Listings 2,552<br />

-2.05% -41.85% -33.65% -32.16% -34.42% -17.05% -28.62% -19.39%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

2,146 3,615 5,213 5,099 4,741 3,748 3,575 3,166<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

9,565 6,340 -33.72% 11,863 11,816 -0.40% 9,411 10,747 14.20% 7,110 8,536 20.06%<br />

5-Yr MAR avg 5,477 -61.62% 5-Yr MAR avg 5,752 -39.87% 5-Yr MAR avg 4,209 -26.13% 5-Yr MAR avg 4,209 -39.37%<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 3 -


UNITS<br />

12000<br />

NORTHERN VIRGINIA<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

600000<br />

10000<br />

500000<br />

8000<br />

400000<br />

6000<br />

300000<br />

4000<br />

200000<br />

2000<br />

100000<br />

0<br />

0<br />

NORTHERN VIRGINIA<br />

by City / County<br />

Homes<br />

Sold<br />

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

Change<br />

Median<br />

Close Price<br />

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

Change<br />

Median<br />

DOM<br />

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

Change<br />

Close to<br />

OLP Ratio<br />

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

Change<br />

Months<br />

Supply Inv<br />

YTD MARCH<br />

YoY Change<br />

2020 7,110 $ 488,100<br />

11 99.73% 0.99<br />

<strong>2021</strong> 8,536 20.06% $ 526,017 7.77% 6 -42.42% 100.60% 0.87% 0.60<br />

MARCH<br />

YoY Change<br />

2020 3,166 $ 514,300<br />

6 100.00% 1.11<br />

<strong>2021</strong> 2,552 -19.39% $ 525,550 2.19% 6 0.00% 100.10% 0.10% 0.60<br />

Alexandria City 212 3.41% $ 556,550 -2.36% 16 166.67% 100.00% -0.50% 0.93<br />

Arlington City 247 10.27% $ 599,900 -5.89% 14 100.00% 100.00% 0.00% 1.58<br />

Fairfax City 21 -38.24% $ 629,888 6.04% 12 140.00% 100.00% 0.00% 0.30<br />

Fairfax County 1,009 -24.87% $ 560,000 -2.52% 7 16.67% 100.00% -0.10% 0.67<br />

Falls Church City 8 -11.11% $ 800,000 26.36% 5 -28.57% 100.70% 0.70% 0.53<br />

Fauquier County 77 -35.83% $ 450,000 5.88% 6 -80.00% 100.00% 0.60% 0.69<br />

Loudoun County 432 -22.99% $ 580,050 8.52% 4 -33.33% 102.20% 2.20% 0.36<br />

Manassas City 45 -23.73% $ 385,000 8.45% 6 0.00% 100.30% 0.30% 0.18<br />

Manassas Park City 21 -4.55% $ 355,000 27.93% 4 -20.00% 102.30% 1.89% 0.17<br />

Prince William County 480 -18.51% $ 405,500 -0.67% 5 -16.67% 101.80% 1.80% 0.26<br />

NORTHERN VIRGINIA<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

UNITS<br />

6000<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

800000<br />

5000<br />

4000<br />

700000<br />

600000<br />

500000<br />

3000<br />

400000<br />

2000<br />

1000<br />

300000<br />

200000<br />

100000<br />

0<br />

0<br />

- 4 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


EXTERNAL DRIVERS<br />

BUYER DEMAND STRENGTH FUELED BY<br />

RECORD SETTING INTEREST RATES AND MORTGAGE ORIGINATIONS<br />

Mortgage Originations &<br />

Refinancing Originations<br />

at a 15 Year High<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 5 -


BUYER STRENGTH – INTEREST RATES, MORTGAGE ORIGINATION AND DOWN PAYMENTS<br />

The external drivers indicating demand are the mortgage interest rates and the mortgage applications. Interest rates continue<br />

decline and are now predicted to stay low over the next 4 years. Mortgage Originations are up 26% annually, while Refi<br />

Originations are up 124% annually. The interesting metric is that Refi’s represent 74.8% <strong>of</strong> the Originations.<br />

Homes at the lower end are rising fast with cash investors creating a challenging environment for first-time buyers. I believe<br />

the story is the large portion <strong>of</strong> Refi Originations indicating investment into current homes instead <strong>of</strong> selling. The Refi indicates<br />

a decision to reamain in place and thus will not be a reprieve to the current inventory constrained situation.<br />

GROWTH IN BUYER COMMUNITY AND REQUIREMENTS<br />

In a recent article on Mortgage News Daily, a survey was cited that almost 50% <strong>of</strong> all Americans are considering a move.<br />

Motivation to consider the move is COVID-19 as they want to leave the cities and require more space.<br />

They are considering the following:<br />

27% are considering their current area<br />

12% are considering a nearby city<br />

8% are planning a relocation to another state<br />

Outcomes they expect to achieve are:<br />

44% expect to reduce expenses<br />

27% are seeking larger space<br />

27% are seeking different features in a home<br />

12% want to change their location<br />

The desire to make a move are fueled by the COVID virus putting<br />

additional pressure on inventory demands along with their<br />

current home equity and historically low interest rates. The<br />

following chart is from the article citing desired features in<br />

homes currently.<br />

LARGEST BUYER COMMUNITY, FIRST TIME BUYERS - FIRST TIME BUYER CHARACTERISTICS<br />

The market is a pure Demand versus Supply market favoring the Sellers currently and over the past 5 years. Even though the<br />

market favors the Seller, it is important for Sellers to understand who their buyer is, their characteristics, requirements and<br />

purchasing preferences.<br />

Millennials are the largest buying force in the market<br />

First-time buyers driving demand based on size and price<br />

accordingly<br />

Millennials are ready to grow their family<br />

Millennials grew up leveraging technology and are using it at a<br />

high level – photos, videos, and property presentation matter<br />

regardless <strong>of</strong> it being a Sellers’ <strong>Market</strong><br />

Millennials seek move-in ready – not interested in inheriting<br />

projects, again regardless <strong>of</strong> it being a Sellers’ <strong>Market</strong><br />

COVID has accelerated the decision to purchase<br />

Remote working has added to the savings account<br />

Serious Buyers expect competition, are creating a strategy,<br />

preparing via online viewing and Coming Soon campaigns with<br />

their pr<strong>of</strong>essional agent along with added savings<br />

- 6 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Alexandria | Arlington<br />

Fairfax | Falls Church<br />

Manassas | Manassas Park


|| ALEXANDRIA CITY OVERVIEW<br />

Median Days<br />

Contract to Settle<br />

10.34%<br />

32<br />

14.29%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

29 28<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

30 31 4.49%<br />

5-Yr MAR avg 31 -0.64%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 8 0 4<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.93<br />

12.62% -0.60%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.83 0.94<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.77 0.91 17.97%<br />

5-Yr MAR avg 1.48 -38.38%<br />

Active Listings 218<br />

New Listings 274 New Pendings 254 Closed Listings<br />

8.46% 12.37% -22.60% -5.84% -25.51% 18.69% -31.39%<br />

3.41%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

201 194 354 291 341 214 309 205<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

478 642 34.31% 773 862 11.51% 613 825 34.58% 500 692 38.40%<br />

5-Yr MAR avg 309 107.77% 5-Yr MAR avg 353 144.47% 5-Yr MAR avg 267 208.99% 5-Yr MAR avg 267 159.18%<br />

212<br />

- 10 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


UNITS<br />

700<br />

ALEXANDRIA CITY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

700000<br />

600<br />

600000<br />

500<br />

500000<br />

400<br />

400000<br />

300<br />

300000<br />

200<br />

200000<br />

100<br />

100000<br />

0<br />

0<br />

UNITS<br />

350<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

1400000<br />

300<br />

1200000<br />

250<br />

1000000<br />

200<br />

800000<br />

150<br />

600000<br />

100<br />

400000<br />

50<br />

200000<br />

0<br />

0<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 11 -


ALEXANDRIA CITY CONDOMINIUMS<br />

UNITS<br />

350<br />

ALEXANDRIA CITY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

400000<br />

300<br />

350000<br />

250<br />

200<br />

150<br />

100<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

1.37<br />

20.97% 65.05%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.13 0.83<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.63 1.34 111.86%<br />

5-Yr MAR avg 1.49 -10.14%<br />

50<br />

50000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $311,000 Avg Concession $4,606<br />

98.70%<br />

Orig List Price<br />

<strong>Market</strong><br />

35<br />

-5.76% 3.67% -10.72% -8.53%<br />

-1.30% -1.79% 218.18% 483.33%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$330,000 $300,000 $5,158 $5,<strong>03</strong>5 100.00% 100.50%<br />

11 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$306,250 $326,967 6.76% $5,<strong>03</strong>5 $4,606 -8.53% 100.17% 99.23% -0.93% 7 22 204.55%<br />

5-Yr MAR avg $284,900 14.77% MAR % w/ Con 25.00% 36.99% 47.95% 5-Yr MAR avg 99.42% -0.19% 5-Yr MAR avg 14 57.28%<br />

Active Listings 162<br />

New Listings 164 New Pendings 160 Closed Listings<br />

13.29% 82.02% -15.46% 9.33% -17.53% 44.14% -39.34%<br />

8.82%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

143 89 194 150 194 111 183 102<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

2<strong>03</strong> 482 137.44% 392 499 27.30% 325 479 47.38% 270 397 47.04%<br />

5-Yr MAR avg 153 215.45% 5-Yr MAR avg 170 192.84% 5-Yr MAR avg 136 251.17% 5-Yr MAR avg 136 191.06%<br />

111<br />

- 12 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


ALEXANDRIA CITY DETACHED HOMES<br />

UNITS<br />

120<br />

ALEXANDRIA CITY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

1400000<br />

100<br />

80<br />

60<br />

40<br />

1200000<br />

1000000<br />

800000<br />

600000<br />

400000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.71<br />

-12.37% -53.08%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.81 1.51<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.29 0.69 -46.63%<br />

5-Yr MAR avg 2.05 -66.39%<br />

20<br />

200000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $872,206 Avg Concession $14,622<br />

100.60%<br />

Orig List Price<br />

<strong>Market</strong><br />

7<br />

-24.81% -0.13%<br />

9.08% 14.19%<br />

0.30% 0.60% 40.00% 16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$1,160,000 $873,360 $13,405 $12,805 100.30% 100.00%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$886,120 $994,069 12.18% $12,805 $14,622 14.19% 99.43% 100.30% 0.87% 16 7 -55.32%<br />

5-Yr MAR avg $805,162 23.46% MAR % w/ Con 17.78% 4.76% -73.21% 5-Yr MAR avg 99.46% 0.84% 5-Yr MAR avg 11 -35.19%<br />

Active Listings 27<br />

New Listings 42 New Pendings 31 Closed Listings<br />

-10.00% -49.06% -31.15% -20.75% -41.51% -11.43% -47.62% -48.84%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

30 53 61 53 53 35 42 43<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

134 77 -42.54% 149 123 -17.45% 107 109 1.87% 80 93 16.25%<br />

5-Yr MAR avg 74 4.34% 5-Yr MAR avg 71 74.22% 5-Yr MAR avg 46 137.99% 5-Yr MAR avg 46 1<strong>03</strong>.06%<br />

22<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 13 -


ALEXANDRIA CITY TOWNHOMES<br />

UNITS<br />

180<br />

ALEXANDRIA CITY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

800000<br />

160<br />

700000<br />

140<br />

120<br />

100<br />

80<br />

60<br />

40<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.38<br />

6.26% -54.37%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.35 0.83<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.74 0.36 -51.64%<br />

5-Yr MAR avg 1.19 -69.70%<br />

20<br />

100000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $751,000 Avg Concession $5,857<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

7<br />

-0.46% 3.23% -27.60% 83.66%<br />

-1.09% -0.79% 16.67% 16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$754,500 $727,500 $8,090 $3,189 101.10% 100.80%<br />

6 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$704,167 $745,133 5.82% $3,189 $5,857 83.66% 100.53% 100.37% -0.17% 8 8 -8.00%<br />

5-Yr MAR avg $663,400 12.32% MAR % w/ Con 20.00% 16.07% -19.64% 5-Yr MAR avg 99.86% 0.51% 5-Yr MAR avg 11 -30.30%<br />

Active Listings 29<br />

New Listings 68 New Pendings 63 Closed Listings<br />

3.57% -44.23% -31.31% -22.73% -32.98% -7.35% -5.95% 31.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

28 52 99 88 94 68 84 60<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

141 83 -41.13% 232 240 3.45% 181 237 30.94% 150 202 34.67%<br />

5-Yr MAR avg 82 0.73% 5-Yr MAR avg 111 115.83% 5-Yr MAR avg 85 180.14% 5-Yr MAR avg 85 138.77%<br />

79<br />

- 14 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


|| ARLINGTON CITY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $599,900 Avg Concession $6,981<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

14<br />

-1.37% -5.89%<br />

9.70% 36.07%<br />

0.00% 0.00% 55.56% 100.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$608,250 $637,450 $6,364 $5,131 100.00% 100.00%<br />

9 7<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$618,983 $602,717 -2.63% $5,131 $6,981 36.07% 100.00% 99.47% -0.53% 9 17 85.19%<br />

5-Yr MAR avg $568,751 5.97% MAR % w/ Con 20.55% 23.27% 13.26% 5-Yr MAR avg 99.60% -0.13% 5-Yr MAR avg 12 43.68%<br />

Median Days<br />

30<br />

Contract to Settle<br />

3.45%<br />

7.14%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

29 28<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

29 30 5.81%<br />

5-Yr MAR avg 31 -2.15%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 15 6 0<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

1.58<br />

-5.78% 77.09%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.67 0.89<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.79 1.65 108.36%<br />

5-Yr MAR avg 1.56 5.87%<br />

Active Listings 380<br />

New Listings 322 New Pendings 271 Closed Listings<br />

-7.32% 87.19% -34.29% -6.94% -30.69% 8.84% -13.<strong>03</strong>% 10.27%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

410 2<strong>03</strong> 490 346 391 249 284 224<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

543 1,189 118.97% 804 1,127 40.17% 634 905 42.74% 517 687 32.88%<br />

5-Yr MAR avg 376 215.89% 5-Yr MAR avg 398 182.88% 5-Yr MAR avg 289 212.93% 5-Yr MAR avg 289 137.55%<br />

247<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 15 -


UNITS<br />

700<br />

ARLINGTON CITY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

800000<br />

600<br />

700000<br />

500<br />

400<br />

300<br />

200<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100<br />

100000<br />

0<br />

0<br />

ARLINGTON CITY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

UNITS<br />

450<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

1400000<br />

400<br />

350<br />

300<br />

250<br />

1200000<br />

1000000<br />

800000<br />

200<br />

150<br />

100<br />

50<br />

0<br />

600000<br />

400000<br />

200000<br />

0<br />

– 16 – <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


ARLINGTON CITY CONDOMINIUMS<br />

UNITS<br />

450<br />

400<br />

ARLINGTON CITY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

500000<br />

450000<br />

350<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<br />

400000<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

2.26<br />

-0.08% 269.05%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

2.26 0.61<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.55 2.29 314.21%<br />

5-Yr MAR avg 1.44 58.75%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $464,500 Avg Concession $4,555<br />

99.30%<br />

Orig List Price<br />

<strong>Market</strong><br />

17<br />

10.99% 3.22%<br />

-5.06% 74.32%<br />

-0.70% -1.10% 54.55% 183.33%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$418,500 $450,000 $4,798 $2,613 100.00% 100.40%<br />

11 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$435,333 $436,000 0.15% $2,613 $4,555 74.32% 100.13% 99.00% -1.13% 7 22 200.00%<br />

5-Yr MAR avg $397,180 9.77% MAR % w/ Con 16.19% 28.68% 77.12% 5-Yr MAR avg 99.36% -0.36% 5-Yr MAR avg 13 71.88%<br />

Active Listings 285<br />

New Listings 192 New Pendings 145 Closed Listings<br />

-2.40% 275.00% -24.71% 9.09% -29.61% 2.11% -10.83% 17.65%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

292 76 255 176 206 142 157 119<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

206 860 317.48% 415 632 52.29% 352 496 40.91% 291 390 34.02%<br />

5-Yr MAR avg 184 366.38% 5-Yr MAR avg 199 217.59% 5-Yr MAR avg 154 221.66% 5-Yr MAR avg 154 152.92%<br />

140<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 17 -


ARLINGTON CITY DETACHED HOMES<br />

UNITS<br />

300<br />

ARLINGTON CITY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

1400000<br />

250<br />

200<br />

150<br />

100<br />

1200000<br />

1000000<br />

800000<br />

600000<br />

400000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.84<br />

-10.15% -42.53%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.93 1.46<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.31 0.94 -28.36%<br />

5-Yr MAR avg 1.93 -51.35%<br />

50<br />

200000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $965,000 Avg Concession $12,786<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

12<br />

-19.55% -2.53% 47.10% 57.89%<br />

0.00% 0.00% 71.43% 71.43%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$1,199,500 $990,000 $8,692 $8,098 100.00% 100.00%<br />

7 7<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

######## ####### 2.67% $8,098 $12,786 57.89% 99.77% 100.00% 0.23% 15 11 -25.00%<br />

5-Yr MAR avg $897,050 18.70% MAR % w/ Con 25.32% 18.37% -27.45% 5-Yr MAR avg 99.98% 0.02% 5-Yr MAR avg 10 12.24%<br />

Active Listings 72<br />

New Listings 93 New Pendings 94 Closed Listings<br />

-12.20% -38.98% -46.24% -32.12% -34.27% 14.63% -24.49% -3.90%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

82 118 173 137 143 82 98 77<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

316 242 -23.42% 315 360 14.29% 221 307 38.91% 173 217 25.43%<br />

5-Yr MAR avg 170 42.19% 5-Yr MAR avg 167 115.83% 5-Yr MAR avg 108 185.32% 5-Yr MAR avg 108 101.67%<br />

74<br />

- 18 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


ARLINGTON CITY TOWNHOMES<br />

UNITS<br />

70<br />

ARLINGTON CITY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

1000000<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

900000<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

0<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.82<br />

-36.11% 100.78%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.29 0.41<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.32 1.05 229.36%<br />

5-Yr MAR avg 0.84 24.06%<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $875,000 Avg Concession $5,571<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

6<br />

21.53% 8.70% -24.83% 81.92%<br />

-0.89% -0.10% 20.00% 0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$720,000 $805,000 $7,412 $3,063 100.90% 100.10%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$817,833 $784,167 -4.12% $3,063 $5,571 81.92% 99.60% 100.20% 0.60% 12 8 -36.11%<br />

5-Yr MAR avg $693,200 13.12% MAR % w/ Con 22.86% 17.07% -25.30% 5-Yr MAR avg 100.08% 0.12% 5-Yr MAR avg 7 3.60%<br />

Active Listings 23<br />

New Listings 37 New Pendings 32 Closed Listings<br />

-36.11% 155.56% -40.32% 12.12% -23.81% 28.00% 13.79% 17.86%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

36 9 62 33 42 25 29 28<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

21 87 314.29% 74 135 82.43% 61 102 67.21% 53 80 50.94%<br />

5-Yr MAR avg 20 335.00% 5-Yr MAR avg 32 316.67% 5-Yr MAR avg 27 272.26% 5-Yr MAR avg 27 191.97%<br />

33<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 19 -


|| FAIRFAX CITY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $629,888 Avg Concession $7,083<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

12<br />

2.01% 6.04% -34.19% 2.82%<br />

-0.70% 0.00% 100.00% 140.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$617,500 $594,000 $10,763 $6,889 100.70% 100.00%<br />

6 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$498,833 $619,867 24.26% $6,889 $7,083 2.82% 99.37% 100.10% 0.74% 7 15 100.00%<br />

5-Yr MAR avg $526,117 17.82% MAR % w/ Con 41.18% 17.14% -58.37% 5-Yr MAR avg 99.68% 0.42% 5-Yr MAR avg 15 0.46%<br />

Median Days<br />

33<br />

Contract to Settle<br />

17.86% -2.94%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

28 34<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

34 33 -1.96%<br />

5-Yr MAR avg 34 -0.79%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 1 1 0<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.30<br />

-23.08% -70.59%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.39 1.<strong>03</strong><br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.13 0.36 -67.86%<br />

5-Yr MAR avg 1.76 -79.31%<br />

Active Listings 10<br />

New Listings 30 New Pendings 30 Closed Listings<br />

-23.08% -70.59% -33.33% -36.17% -26.83% -25.00% -44.74% -38.24%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

13 34 45 47 41 40 38 34<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

112 36 -67.86% 116 100 -13.79% 108 100 -7.41% 72 83 15.28%<br />

5-Yr MAR avg 56 -35.48% 5-Yr MAR avg 57 74.83% 5-Yr MAR avg 39 157.73% 5-Yr MAR avg 39 113.92%<br />

21<br />

- 20 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


UNITS<br />

140<br />

FAIRFAX CITY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

700000<br />

120<br />

600000<br />

100<br />

500000<br />

80<br />

400000<br />

60<br />

300000<br />

40<br />

200000<br />

20<br />

100000<br />

0<br />

0<br />

UNITS<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

FAIRFAX CITY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

900000<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

0<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 21 -


FAIRFAX CITY CONDOMINIUMS<br />

UNITS<br />

40<br />

FAIRFAX CITY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

600000<br />

35<br />

30<br />

25<br />

20<br />

15<br />

10<br />

5<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

1.00<br />

-30.00% -30.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.43 1.43<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.48 1.09 -26.34%<br />

5-Yr MAR avg 1.32 -17.64%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $249,000 Avg Concession $10,000<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

12<br />

-8.62% -14.43% 55.04% 185.71%<br />

0.00% 0.20% 71.43% 200.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$272,500 $291,000 $6,450 $3,500 100.00% 99.80%<br />

7 4<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$250,333 $256,317 2.39% $3,500 $10,000 185.71% 99.63% 98.77% -0.87% 5 16 220.00%<br />

5-Yr MAR avg $266,550 -3.84% MAR % w/ Con 66.67% 10.00% -85.00% 5-Yr MAR avg 98.44% 0.33% 5-Yr MAR avg 45 -64.44%<br />

Active Listings 6<br />

New Listings 12 New Pendings 10 Closed Listings<br />

-40.00% -40.00% -20.00% 140.00% -16.67% 400.00% -41.67% 250.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

10 10 15 5 12 2 12 2<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

31 21 -32.26% 19 34 78.95% 14 31 121.43% 18 25 38.89%<br />

5-Yr MAR avg 10 101.92% 5-Yr MAR avg 8 314.63% 5-Yr MAR avg 7 369.70% 5-Yr MAR avg 7 278.79%<br />

7<br />

- 22 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


FAIRAX CITY DETACHED HOMES<br />

UNITS<br />

70<br />

FAIRFAX CITY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

900000<br />

60<br />

800000<br />

50<br />

40<br />

30<br />

20<br />

10<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.11<br />

89.39% -88.92%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.06 0.95<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.07 0.19 -81.89%<br />

5-Yr MAR avg 2.04 -90.49%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $722,500 Avg Concession $9,667<br />

99.60%<br />

Orig List Price<br />

<strong>Market</strong><br />

10<br />

-5.81% 20.42% -20.77% 19.54%<br />

-3.39% -0.40% 66.67% 100.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$767,100 $600,000 $12,200 $8,086 1<strong>03</strong>.10% 100.00%<br />

6 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$530,331 $708,200 33.54% $8,086 $9,667 19.54% 100.10% 100.90% 0.80% 6 15 131.58%<br />

5-Yr MAR avg $548,800 29.05% MAR % w/ Con 40.74% 18.75% -53.98% 5-Yr MAR avg 99.66% 1.24% 5-Yr MAR avg 16 -10.57%<br />

Active Listings 2<br />

New Listings 10 New Pendings 14 Closed Listings<br />

100.00% -89.47% -47.37% -67.74% -22.22% -48.15% -25.00% -55.56%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1 19 19 31 18 27 16 27<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

62 11 -82.26% 71 44 -38.<strong>03</strong>% 72 47 -34.72% 41 41 0.00%<br />

5-Yr MAR avg 36 -69.44% 5-Yr MAR avg 36 20.88% 5-Yr MAR avg 22 109.82% 5-Yr MAR avg 22 83.04%<br />

12<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 23 -


FAIRFAX CITY TOWNHOMES<br />

UNITS<br />

30<br />

FAIRFAX CITY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

900000<br />

25<br />

20<br />

15<br />

10<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.29<br />

0.00% -65.71%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.29 0.83<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.16 0.19 -83.52%<br />

5-Yr MAR avg 1.29 -85.19%<br />

5<br />

200000<br />

100000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $605,900 Avg Concession $1,750<br />

1<strong>03</strong>.20%<br />

Orig List Price<br />

<strong>Market</strong><br />

23<br />

12.73% -4.39% #DIV/0! 250.00%<br />

3.20% 3.41% 475.00% -74.44%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$537,500 $633,750 $0 $500 100.00% 99.80%<br />

4 90<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$572,112 $621,133 8.57% $500 $1,750 250.00% 98.50% 101.07% 2.61% 48 17 -64.34%<br />

5-Yr MAR avg $562,700 10.38% MAR % w/ Con 25.00% 22.22% -11.11% 5-Yr MAR avg 100.24% 0.82% 5-Yr MAR avg 29 -40.97%<br />

Active Listings 2<br />

New Listings 8 New Pendings 6 Closed Listings<br />

0.00% -60.00% -27.27% -27.27% -45.45% -45.45% -80.00% -60.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

2 5 11 11 11 11 10 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

19 4 -78.95% 26 22 -15.38% 21 22 4.76% 12 17 41.67%<br />

5-Yr MAR avg 9 -57.45% 5-Yr MAR avg 12 77.42% 5-Yr MAR avg 10 124.49% 5-Yr MAR avg 10 73.47%<br />

2<br />

- 24 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


|| FALLS CHURCH CITY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $800,000 Avg Concession $1,375<br />

100.70%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

-3.67% 26.36% -60.71% -79.25%<br />

-0.20% 0.70%<br />

0.00% -28.57%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$830,500 $633,115 $3,500 $6,625 100.90% 100.00%<br />

5 7<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$584,372 $816,833 39.78% $6,625 $1,375 -79.25% 99.87% 100.10% 0.23% 8 7 -12.50%<br />

5-Yr MAR avg $681,974 19.77% MAR % w/ Con 20.00% 11.76% -41.18% 5-Yr MAR avg 99.64% 0.46% 5-Yr MAR avg 14 -48.53%<br />

Median Days<br />

36<br />

Contract to Settle<br />

28.57% 24.14%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

28 29<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

30 31 2.22%<br />

5-Yr MAR avg 31 -1.08%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 0 0 0<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.53<br />

-28.89% -33.34%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.75 0.80<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.56 0.54 -3.00%<br />

5-Yr MAR avg 1.27 -57.62%<br />

Active Listings 8<br />

New Listings 19 New Pendings 15 Closed Listings<br />

-33.33% -33.33% 0.00% -34.48%<br />

0.00% -25.00% -50.00% -11.11%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

12 12 19 29 15 20 16 9<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

25 25 0.00% 49 46 -6.12% 39 37 -5.13% 20 33 65.00%<br />

5-Yr MAR avg 20 27.55% 5-Yr MAR avg 29 56.46% 5-Yr MAR avg 22 65.18% 5-Yr MAR avg 22 47.32%<br />

8<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 25 -


UNITS<br />

50<br />

FALLS CHURCH CITY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

1200000<br />

45<br />

40<br />

1000000<br />

35<br />

30<br />

25<br />

800000<br />

600000<br />

20<br />

15<br />

400000<br />

10<br />

5<br />

0<br />

200000<br />

0<br />

UNITS<br />

30<br />

FALLS CHURCH CITY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

1600000<br />

25<br />

20<br />

1400000<br />

1200000<br />

1000000<br />

15<br />

800000<br />

10<br />

5<br />

600000<br />

400000<br />

200000<br />

0<br />

0<br />

- 26 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


FALLS CHURCH CITY CONDOMINIUMS<br />

UNITS<br />

18<br />

FALLS CHURCH CITY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

700000<br />

16<br />

600000<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.80<br />

-50.00% 60.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.60 0.50<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.50 1.00 100.00%<br />

5-Yr MAR avg 1.12 -10.71%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $485,000 Avg Concession $0<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

9<br />

0.00% 14.93% #DIV/0! -100.00%<br />

0.00% -0.50% 80.00% 50.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$485,000 $422,000 $0 $250 100.00% 100.50%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$417,805 $448,333 7.31% $250 $0 -100.00% 100.70% 97.83% -2.85% 8 23 195.65%<br />

5-Yr MAR avg $389,100 15.22% MAR % w/ Con 33.33% 0.00% -100.00% 5-Yr MAR avg 99.20% -1.38% 5-Yr MAR avg 15 49.12%<br />

Active Listings 4<br />

New Listings 9 New Pendings 8 Closed Listings<br />

-50.00% 100.00% -10.00% 12.50% 33.33% 33.33% -57.14% -40.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

8 2 10 8 6 6 7 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

6 15 150.00% 13 22 69.23% 11 17 54.55% 10 13 30.00%<br />

5-Yr MAR avg 5 188.46% 5-Yr MAR avg 8 175.00% 5-Yr MAR avg 6 183.33% 5-Yr MAR avg 6 116.67%<br />

3<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 27 -


FALLS CHURCH CITY DETACHED HOMES<br />

UNITS<br />

30<br />

FALLS CHURCH CITY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

1600000<br />

25<br />

1400000<br />

20<br />

15<br />

10<br />

5<br />

1200000<br />

1000000<br />

800000<br />

600000<br />

400000<br />

200000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.57<br />

14.28% -54.29%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.50 1.25<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.75 0.45 -39.68%<br />

5-Yr MAR avg 1.64 -72.37%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $1,250,000 Avg Concession $0<br />

102.10%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

22.85% 17.65% #DIV/0! -100.00%<br />

-2.48% 3.34%<br />

0.00% -37.50%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$1,017,500 $1,062,500 $0 $13,000 104.70% 98.80%<br />

5 8<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$599,167 ####### 81.61% $13,000 $0 -100.00% 65.60% 102.27% 55.89% 5 5 7.14%<br />

5-Yr MAR avg ####### 0.49% MAR % w/ Con 25.00% 0.00% -100.00% 5-Yr MAR avg 99.72% 2.55% 5-Yr MAR avg 8 -39.02%<br />

Active Listings 4<br />

New Listings 7 New Pendings 4 Closed Listings<br />

0.00% -60.00% -12.50% -63.16% -50.00% -66.67% -50.00% -25.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

4 10 8 19 8 12 6 4<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

19 10 -47.37% 33 19 -42.42% 25 15 -40.00% 9 14 55.56%<br />

5-Yr MAR avg 14 -26.47% 5-Yr MAR avg 19 0.00% 5-Yr MAR avg 14 4.17% 5-Yr MAR avg 14 -2.78%<br />

3<br />

- 28 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


FALLS CHURCH CITY TOWNHOMES<br />

UNITS<br />

12<br />

FALLS CHURCH CITY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

1200000<br />

10<br />

8<br />

6<br />

4<br />

1000000<br />

800000<br />

600000<br />

400000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.00<br />

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

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.00 0.00<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.00 0.00 #DIV/0!<br />

5-Yr MAR avg 0.40 -100.00%<br />

2<br />

200000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $800,000 Avg Concession $1,375<br />

98.50%<br />

Orig List Price<br />

<strong>Market</strong><br />

13<br />

-18.99% #DIV/0! -60.71% #DIV/0!<br />

-5.38% #DIV/0! 62.50% #DIV/0!<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$987,500 $0 $3,500 $0 104.10% 0.00%<br />

8 0<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$298,333 $819,167 174.58% $0 $1,375 #DIV/0! 33.33% 99.50% 198.50% 0 18 5400.00%<br />

5-Yr MAR avg $606,380 35.09% MAR % w/ Con 0.00% 28.57% #DIV/0! 5-Yr MAR avg 78.78% 26.30% 5-Yr MAR avg 30 -38.89%<br />

Active Listings -<br />

New Listings 3 New Pendings 3 Closed Listings<br />

#DIV/0! #DIV/0! 200.00% 50.00% 200.00% 50.00% -33.33% #DIV/0!<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0 0 1 2 1 2 3 0<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0 0 #DIV/0! 3 5 66.67% 3 5 66.67% 1 6 500.00%<br />

5-Yr MAR avg 1 -100.00% 5-Yr MAR avg 2 108.33% 5-Yr MAR avg 2 150.00% 5-Yr MAR avg 2 200.00%<br />

2<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 29 -


|| MANASSAS CITY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $385,000 Avg Concession $6,371<br />

100.30%<br />

Orig List Price<br />

<strong>Market</strong><br />

6<br />

1.99% 8.45%<br />

9.64% -1.77%<br />

-1.76% 0.30% 20.00% 0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$377,500 $355,000 $5,811 $6,486 102.10% 100.00%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$343,333 $364,417 6.14% $6,486 $6,371 -1.77% 99.37% 100.80% 1.44% 19 6 -66.67%<br />

5-Yr MAR avg $297,440 22.52% MAR % w/ Con 58.62% 21.28% -63.70% 5-Yr MAR avg 99.60% 1.20% 5-Yr MAR avg 15 -58.87%<br />

Median Days<br />

31<br />

Contract to Settle<br />

0.00% -3.13%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

31 32<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

33 32 -3.06%<br />

5-Yr MAR avg 34 -7.41%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 0 1 2<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.18<br />

-36.36% -80.95%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.28 0.95<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.84 0.25 -70.61%<br />

5-Yr MAR avg 1.32 -81.30%<br />

Active Listings 11<br />

New Listings 48 New Pendings 51 Closed Listings<br />

-35.29% -79.25% -23.81% -44.19% -15.00% -10.53% -6.25% -23.73%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

17 53 63 86 60 57 48 59<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

139 45 -67.63% 187 159 -14.97% 160 159 -0.63% 129 130 0.78%<br />

5-Yr MAR avg 70 -35.53% 5-Yr MAR avg 84 89.74% 5-Yr MAR avg 67 135.91% 5-Yr MAR avg 67 92.88%<br />

45<br />

- 30 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


UNITS<br />

200<br />

MANASSAS CITY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

450000<br />

180<br />

160<br />

140<br />

120<br />

100<br />

80<br />

60<br />

40<br />

20<br />

400000<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

0<br />

0<br />

UNITS<br />

70<br />

MANASSAS CITY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

600000<br />

60<br />

500000<br />

50<br />

40<br />

30<br />

20<br />

400000<br />

300000<br />

200000<br />

10<br />

100000<br />

0<br />

0<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 31 -


MANASSAS CITY CONDOMINIUMS<br />

UNITS<br />

35<br />

MANASSAS CITY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

400000<br />

30<br />

25<br />

20<br />

15<br />

10<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

Median Days<br />

32<br />

Contract to Settle<br />

10.34%<br />

0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

29 32<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

32 31 -5.15%<br />

5-Yr MAR avg 35 -11.37%<br />

5<br />

50000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $269,950 Avg Concession $0<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

15<br />

1.87% 11.09% -100.00% -100.00%<br />

-1.48% 0.00% 200.00% 66.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$265,000 $243,000 $500 $4,820 101.50% 100.00%<br />

5 9<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$211,833 $272,467 28.62% $4,820 $0 -100.00% 97.93% 100.10% 2.21% 32 11 -65.98%<br />

5-Yr MAR avg $190,190 43.26% MAR % w/ Con 33.33% 0.00% -100.00% 5-Yr MAR avg 98.88% 1.23% 5-Yr MAR avg 23 -52.17%<br />

Active Listings 2<br />

New Listings 8 New Pendings 10 Closed Listings<br />

-66.67% -87.50% -46.67% -61.90%<br />

-9.09% 25.00% -81.82% -81.82%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

6 16 15 21 11 8 11 11<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

38 11 -71.05% 54 33 -38.89% 33 27 -18.18% 23 23 0.00%<br />

5-Yr MAR avg 17 -36.78% 5-Yr MAR avg 17 91.86% 5-Yr MAR avg 12 117.74% 5-Yr MAR avg 12 85.48%<br />

2<br />

- 32 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


MANASSAS CITY DETACHED HOMES<br />

UNITS<br />

70<br />

MANASSAS CITY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

600000<br />

60<br />

50<br />

40<br />

30<br />

20<br />

500000<br />

400000<br />

300000<br />

200000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.22<br />

-16.67% -73.91%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.26 0.83<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.65 0.26 -60.15%<br />

5-Yr MAR avg 1.28 -79.55%<br />

10<br />

100000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $449,500 Avg Concession $9,677<br />

100.70%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

-5.27% 2.63%<br />

-2.32% 14.87%<br />

-2.42% 0.70%<br />

0.00% -28.57%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$474,500 $438,000 $9,906 $8,424 1<strong>03</strong>.20% 100.00%<br />

5 7<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$427,667 $451,333 5.53% $8,424 $9,677 14.87% 99.17% 101.30% 2.15% 21 5 -75.00%<br />

5-Yr MAR avg $392,180 15.08% MAR % w/ Con 66.67% 13.64% -79.55% 5-Yr MAR avg 99.54% 1.77% 5-Yr MAR avg 17 -68.99%<br />

Active Listings 5<br />

New Listings 21 New Pendings 20 Closed Listings<br />

-16.67% -75.00% 23.53% -43.24% 11.11% -16.67% -27.27% -30.43%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

6 20 17 37 18 24 22 23<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

46 18 -60.87% 66 58 -12.12% 58 57 -1.72% 49 51 4.08%<br />

5-Yr MAR avg 30 -39.19% 5-Yr MAR avg 41 42.86% 5-Yr MAR avg 29 93.88% 5-Yr MAR avg 29 73.47%<br />

16<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 33 -


MANASSAS CITY TOWNHOMES<br />

UNITS<br />

60<br />

MANASSAS CITY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

400000<br />

50<br />

350000<br />

40<br />

30<br />

20<br />

10<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.16<br />

-23.19% -82.12%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.21 0.89<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.99 0.22 -77.67%<br />

5-Yr MAR avg 1.26 -82.48%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $340,000 Avg Concession $4,954<br />

100.30%<br />

Orig List Price<br />

<strong>Market</strong><br />

7<br />

-4.76% 15.25%<br />

5.32% 4.18%<br />

0.30% 0.30% 75.00% 75.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$357,000 $295,000 $4,704 $4,755 100.00% 100.00%<br />

4 4<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$295,832 $334,000 12.90% $4,755 $4,954 4.18% 100.00% 100.10% 0.10% 12 7 -37.14%<br />

5-Yr MAR avg $259,880 28.52% MAR % w/ Con 57.14% 31.82% -44.32% 5-Yr MAR avg 99.12% 0.99% 5-Yr MAR avg 15 -50.45%<br />

Active Listings 4<br />

New Listings 19 New Pendings 21 Closed Listings<br />

-20.00% -76.47% -38.71% -32.14% -32.26% -16.00% 80.00%<br />

8.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

5 17 31 28 31 25 15 25<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

55 16 -70.91% 67 68 1.49% 68 75 10.29% 56 56 0.00%<br />

5-Yr MAR avg 23 -29.82% 5-Yr MAR avg 26 161.54% 5-Yr MAR avg 26 192.97% 5-Yr MAR avg 26 118.75%<br />

27<br />

- 34 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


|| MANASSAS PARK CITY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $355,000 Avg Concession $3,235<br />

102.30%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

-3.40% 27.93% -61.18% -60.69%<br />

0.39% 1.89%<br />

0.00% -20.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$367,500 $277,500 $8,333 $8,229 101.90% 100.40%<br />

4 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$289,967 $384,833 32.72% $8,229 $3,235 -60.69% 100.<strong>03</strong>% 102.07% 2.<strong>03</strong>% 12 4 -66.67%<br />

5-Yr MAR avg $290,980 32.25% MAR % w/ Con 52.17% 20.00% -61.67% 5-Yr MAR avg 99.38% 2.70% 5-Yr MAR avg 17 -76.47%<br />

Median Days<br />

31<br />

Contract to Settle<br />

19.23% -13.89%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

26 36<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

34 31 -8.91%<br />

5-Yr MAR avg 39 -20.55%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 0 0 0<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.17<br />

-60.00% -80.95%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.43 0.91<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.76 0.25 -67.70%<br />

5-Yr MAR avg 1.11 -77.81%<br />

Active Listings 4<br />

New Listings 16 New Pendings 13 Closed Listings<br />

-60.00% -80.95% -38.46% -57.89% -38.10% -58.06% 31.25% -4.55%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

10 21 26 38 21 31 16 22<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

54 17 -68.52% 86 61 -29.07% 81 57 -29.63% 55 51 -7.27%<br />

5-Yr MAR avg 23 -25.44% 5-Yr MAR avg 30 104.70% 5-Yr MAR avg 26 120.93% 5-Yr MAR avg 26 97.67%<br />

21<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 35 -


UNITS<br />

70<br />

MANASSAS PARK CITY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

500000<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

450000<br />

400000<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

0<br />

UNITS<br />

30<br />

MANASSAS PARK CITY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

600000<br />

25<br />

500000<br />

20<br />

400000<br />

15<br />

300000<br />

10<br />

200000<br />

5<br />

100000<br />

0<br />

0<br />

- 36 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


MANASSAS PARK CITY CONDOMINIUMS<br />

UNITS<br />

14<br />

MANASSAS PARK CITY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

300000<br />

12<br />

10<br />

8<br />

6<br />

4<br />

250000<br />

200000<br />

150000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.33<br />

-66.67% -66.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.00 1.00<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.78 0.44 -42.86%<br />

5-Yr MAR avg 1.12 -60.20%<br />

2<br />

50000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $252,050 Avg Concession $5,100<br />

100.80%<br />

Orig List Price<br />

<strong>Market</strong><br />

15<br />

17.92% 5.02% #DIV/0! 155.00%<br />

0.80% 1.82% 1400.00% -50.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$213,750 $240,000 $0 $2,000 100.00% 99.00%<br />

1 30<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$160,333 $241,600 50.69% $2,000 $5,100 155.00% 65.93% 99.50% 50.91% 16 8 -53.06%<br />

5-Yr MAR avg $217,190 11.24% MAR % w/ Con 50.00% 100.00% 100.00% 5-Yr MAR avg 98.54% 0.97% 5-Yr MAR avg 36 -78.58%<br />

Active Listings 1<br />

New Listings 1 New Pendings 1 Closed Listings<br />

-66.67% -66.67% -80.00% -66.67% -75.00% -80.00% 200.00%<br />

0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

3 3 5 3 4 5 2 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

8 5 -37.50% 16 7 -56.25% 19 10 -47.37% 11 9 -18.18%<br />

5-Yr MAR avg 4 31.58% 5-Yr MAR avg 4 59.09% 5-Yr MAR avg 4 150.00% 5-Yr MAR avg 4 125.00%<br />

6<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 37 -


MANASSAS PARK CITY DETACHED HOMES<br />

UNITS<br />

30<br />

MANASSAS PARK CITY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

600000<br />

25<br />

20<br />

15<br />

10<br />

500000<br />

400000<br />

300000<br />

200000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.25<br />

-50.00% -76.92%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.50 1.08<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.93 0.31 -66.97%<br />

5-Yr MAR avg 1.16 -73.75%<br />

5<br />

100000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $459,000 Avg Concession $605<br />

102.90%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

20.33% 42.77% -94.62% -94.53%<br />

-1.53% 2.08%<br />

0.00% -20.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$381,450 $321,500 $11,250 $11,052 104.50% 100.80%<br />

4 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$315,333 $441,817 40.11% $11,052 $605 -94.53% 99.73% 1<strong>03</strong>.17% 3.44% 12 4 -67.57%<br />

5-Yr MAR avg $320,300 37.94% MAR % w/ Con 54.55% 11.11% -79.63% 5-Yr MAR avg 98.90% 4.31% 5-Yr MAR avg 30 -86.84%<br />

Active Listings 3<br />

New Listings 10 New Pendings 7 Closed Listings<br />

-50.00% -76.92% -23.08% -47.37% -30.00% -53.33% -10.00% 12.50%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

6 13 13 19 10 15 10 8<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

35 11 -68.57% 45 37 -17.78% 38 31 -18.42% 29 29 0.00%<br />

5-Yr MAR avg 12 -11.29% 5-Yr MAR avg 15 153.42% 5-Yr MAR avg 12 158.33% 5-Yr MAR avg 12 141.67%<br />

9<br />

- 38 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


MANASSAS PARK CITY TOWNHOMES<br />

UNITS<br />

25<br />

MANASSAS PARK CITY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

450000<br />

400000<br />

20<br />

15<br />

10<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.00<br />

-100.00% -100.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.14 0.71<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.52 0.05 -90.91%<br />

5-Yr MAR avg 0.99 -95.18%<br />

5<br />

100000<br />

50000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $345,000 Avg Concession $4,000<br />

102.70%<br />

Orig List Price<br />

<strong>Market</strong><br />

3<br />

1.92% 11.29% 60.00% -34.31%<br />

-0.96% 2.70% -25.00% -25.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$338,500 $310,000 $2,500 $6,089 1<strong>03</strong>.70% 100.00%<br />

4 4<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$351,333 $316,167 -10.01% $6,089 $4,000 -34.31% 101.43% 102.77% 1.31% 19 3 -83.93%<br />

5-Yr MAR avg $317,800 -0.51% MAR % w/ Con 50.00% 20.00% -60.00% 5-Yr MAR avg 98.50% 4.33% 5-Yr MAR avg 17 -82.76%<br />

Active Listings -<br />

New Listings 5 New Pendings 5 Closed Listings<br />

-100.00% -100.00% -37.50% -68.75% -28.57% -54.55% 50.00% -25.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1 5 8 16 7 11 4 8<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

11 1 -90.91% 25 17 -32.00% 24 16 -33.33% 15 13 -13.33%<br />

5-Yr MAR avg 7 -84.85% 5-Yr MAR avg 11 57.41% 5-Yr MAR avg 10 63.27% 5-Yr MAR avg 10 32.65%<br />

6<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 39 -


Fairfax | Loudoun<br />

Prince William | Fauquier


|| FAIRFAX COUNTY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $560,000 Avg Concession $5,831<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

7<br />

-5.14% -2.52% -11.24% -11.74%<br />

-1.48% -0.10% 40.00% 16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$590,370 $574,475 $6,570 $6,607 101.50% 100.10%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$549,950 $566,790 3.06% $6,607 $5,831 -11.74% 99.80% 100.50% 0.70% 11 7 -35.29%<br />

5-Yr MAR avg $513,045 10.48% MAR % w/ Con 29.93% 16.61% -44.50% 5-Yr MAR avg 99.42% 1.09% 5-Yr MAR avg 11 -33.33%<br />

Median Days<br />

30<br />

Contract to Settle<br />

3.45%<br />

3.45%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

29 29<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

31 31 0.00%<br />

5-Yr MAR avg 32 -3.73%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 19 33 5<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.67<br />

2.90% -39.52%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.66 1.12<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.98 0.67 -32.21%<br />

5-Yr MAR avg 1.76 -62.17%<br />

Active Listings 963<br />

New Listings 1,384 New Pendings 1,234 Closed Listings<br />

2.12% -36.39% -35.90% -34.41% -38.08% -20.90% -32.42% -24.87%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

943 1,514 2,159 2,110 1,993 1,560 1,493 1,343<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

3,973 2,851 -28.24% 4,942 4,838 -2.10% 3,882 4,412 13.65% 2,965 3,510 18.38%<br />

5-Yr MAR avg 2,246 26.95% 5-Yr MAR avg 2,455 97.10% 5-Yr MAR avg 1,782 147.56% 5-Yr MAR avg 1,782 96.95%<br />

1,009<br />

- 42 -


UNITS<br />

4500<br />

FAIRFAX COUNTY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

700000<br />

4000<br />

3500<br />

3000<br />

2500<br />

600000<br />

500000<br />

400000<br />

2000<br />

1500<br />

1000<br />

500<br />

300000<br />

200000<br />

100000<br />

0<br />

0<br />

UNITS<br />

3000<br />

FAIRFAX COUNTY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

900000<br />

2500<br />

2000<br />

1500<br />

1000<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

500<br />

0<br />

200000<br />

100000<br />

0<br />

- 43 -


FAIRFAX COUNTY CONDOMINIUMS<br />

UNITS<br />

900<br />

FAIRFAX COUNTY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

350000<br />

800<br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

1.37<br />

5.24% 33.65%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1.30 1.02<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.88 1.34 51.96%<br />

5-Yr MAR avg 1.61 -16.68%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $300,000 Avg Concession $4,924<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

13<br />

-7.69% 0.00% 15.63% 34.35%<br />

0.00% 0.00% 44.44% 116.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$325,000 $300,000 $4,259 $3,665 100.00% 100.00%<br />

9 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$309,150 $307,833 -0.43% $3,500 $10,000 185.71% 100.00% 99.60% -0.40% 8 18 116.00%<br />

5-Yr MAR avg $274,890 11.98% MAR % w/ Con 28.57% 30.60% 7.10% 5-Yr MAR avg 98.74% 0.87% 5-Yr MAR avg 14 25.00%<br />

Active Listings 404<br />

New Listings 381 New Pendings 318 Closed Listings<br />

2.80% 39.31% -25.73% -2.31% -32.77% 13.57% -32.64% -8.83%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

393 290 513 390 473 280 383 283<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

751 1,188 58.19% 997 1,280 28.39% 775 1,123 44.90% 631 894 41.68%<br />

5-Yr MAR avg 414 187.10% 5-Yr MAR avg 450 184.57% 5-Yr MAR avg 353 218.13% 5-Yr MAR avg 353 153.26%<br />

258<br />

- 44 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fairfax County 1,487 $ 698,984 $ 367.75 2,325 18 101.74% $ 2,325<br />

Condominium 317 $ 341,492 $ 320.19 1,055 317 98.41% $ 4,924<br />

Alexandria 59 $ 286,637 $ 307.31 938 59 99.62% $ 3,979<br />

2 Beds or less 57 $ 285,028 $ 309.64 924 57 99.57% $ 3,893<br />

3 Beds 2 $ 332,500 $ 240.99 1,356 2 100.76% $ 5,700<br />

Annandale 18 $ 235,883 $ 244.52 978 18 97.64% $ 3,685<br />

2 Beds or less 14 $ 221,493 $ 248.63 901 14 98.11% $ 3,955<br />

3 Beds 4 $ 286,250 $ 230.13 1,245 4 96.39% $ 2,967<br />

Burke 3 $ 271,000 $ 298.38 925 3 98.67% $ 3,400<br />

2 Beds or less 3 $ 271,000 $ 298.38 925 3 98.67% $ 3,400<br />

Centreville 8 $ 267,250 $ 277.77 969 8 102.18% $ 7,500<br />

2 Beds or less 8 $ 267,250 $ 277.77 969 8 102.18% $ 7,500<br />

Chantilly 1 $ 522,515 $ 342.63 1,525 1 98.<strong>03</strong>% $ 5,000<br />

3 Beds 1 $ 522,515 $ 342.63 1,525 1 98.<strong>03</strong>% $ 5,000<br />

Clifton 1 $ 225,000 $ 270.76 831 1 104.70% $ 1,000<br />

2 Beds or less 1 $ 225,000 $ 270.76 831 1 104.70% $ 1,000<br />

Fairfax 35 $ 382,0<strong>03</strong> $ 334.44 1,153 35 100.39% $ 3,530<br />

2 Beds or less 32 $ 385,472 $ 338.53 1,150 32 100.54% $ 3,530<br />

3 Beds 3 $ 345,000 $ 290.90 1,188 3 98.57% $ -<br />

Falls Church 44 $ 295,339 $ 296.01 1,009 44 98.99% $ 5,196<br />

2 Beds or less 42 $ 293,867 $ 299.35 985 42 99.00% $ 5,196<br />

3 Beds 2 $ 326,250 $ 225.93 1,507 2 98.88% $ -<br />

Herndon 30 $ 411,123 $ 322.43 1,208 30 100.40% $ 11,564<br />

2 Beds or less 29 $ 415,472 $ 326.15 1,204 29 100.36% $ 11,564<br />

3 Beds 1 $ 285,000 $ 218.39 1,305 1 101.82% $ -<br />

Lorton 3 $ 347,967 $ 266.43 1,306 3 100.88% $ -<br />

2 Beds or less 3 $ 347,967 $ 266.43 1,306 3 100.88% $ -<br />

Mclean 37 $ 467,331 $ 421.53 1,062 37 93.77% $ 4,3<strong>03</strong><br />

2 Beds or less 35 $ 458,049 $ 423.08 1,<strong>03</strong>1 35 93.70% $ 4,3<strong>03</strong><br />

3 Beds 2 $ 629,750 $ 394.44 1,595 2 94.73% $ -<br />

Oakton 12 $ 318,417 $ 273.54 1,183 12 100.54% $ 3,585<br />

2 Beds or less 11 $ 316,227 $ 280.51 1,132 11 101.99% $ 4,447<br />

3 Beds 1 $ 342,500 $ 196.84 1,740 1 87.82% $ 1,000<br />

Reston 48 $ 348,025 $ 319.83 1,085 48 97.34% $ 1,589<br />

2 Beds or less 41 $ 332,641 $ 325.74 1,019 41 98.94% $ 1,730<br />

3 Beds 7 $ 438,129 $ 285.21 1,470 7 90.82% $ 600<br />

Springfield 9 $ 253,889 $ 278.99 919 9 101.56% $ 3,000<br />

2 Beds or less 8 $ 246,875 $ 283.36 875 8 102.07% $ 3,000<br />

3 Beds 1 $ 310,000 $ 244.09 1,270 1 98.41% $ -<br />

Vienna 9 $ 394,667 $ 365.90 1,097 9 98.82% $ 4,150<br />

2 Beds or less 8 $ 398,063 $ 371.<strong>03</strong> 1,093 8 98.68% $ 4,150<br />

3 Beds 1 $ 367,500 $ 324.93 1,131 1 100.00% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 45 -


FAIRFAX COUNTY DETACHED HOMES<br />

UNITS<br />

3000<br />

FAIRFAX COUNTY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

900000<br />

2500<br />

2000<br />

1500<br />

1000<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.63<br />

1.92% -57.71%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.61 1.48<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.30 0.63 -51.66%<br />

5-Yr MAR avg 2.34 -73.28%<br />

500<br />

200000<br />

100000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $775,000 Avg Concession $7,964<br />

100.70%<br />

Orig List Price<br />

<strong>Market</strong><br />

6<br />

-4.51% 5.16% -18.11% -4.25%<br />

-1.85% 0.70% 20.00% 0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$811,625 $737,000 $9,725 $8,317 102.60% 100.00%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$702,000 $786,358 12.02% $8,317 $7,964 -4.25% 99.47% 101.10% 1.64% 15 6 -60.87%<br />

5-Yr MAR avg $662,790 18.64% MAR % w/ Con 30.89% 10.83% -64.93% 5-Yr MAR avg 99.26% 1.85% 5-Yr MAR avg 12 -48.28%<br />

Active Listings 447<br />

New Listings 615 New Pendings 571 Closed Listings<br />

2.05% -56.05% -43.21% -47.79% -42.61% -29.33% -32.20% -33.19%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

438 1,017 1,083 1,178 995 808 677 687<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

2,652 1,341 -49.43% 2,702 2,280 -15.62% 1,998 2,094 4.80% 1,477 1,570 6.30%<br />

5-Yr MAR avg 1,508 -11.09% 5-Yr MAR avg 1,399 62.93% 5-Yr MAR avg 930 125.21% 5-Yr MAR avg 930 68.85%<br />

459<br />

- 46 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fairfax County 1,487 $ 698,984 $ 367.75 2,325 18 101.74% $ 2,325<br />

Detached 683 $ 980,863 $ 401.17 3,313 683 101.91% $ 7,964<br />

Alexandria 96 $ 836,381 $ 412.28 2,769 96 101.23% $ 6,288<br />

2 Beds or less 1 $ 478,000 $ 572.46 835 1 102.80% $ -<br />

3 Beds 28 $ 746,214 $ 426.71 2,111 28 100.09% $ 6,667<br />

4 to 5 Beds 58 $ 846,183 $ 418.79 2,837 58 102.10% $ 4,200<br />

6 Beds or more 9 $ 1,093,556 $ 307.59 4,600 9 99.39% $ 13,025<br />

Annandale 43 $ 752,047 $ 445.73 2,502 43 102.83% $ 21,902<br />

3 Beds 9 $ 679,211 $ 445.64 1,985 9 102.57% $ 13,411<br />

4 to 5 Beds 34 $ 771,327 $ 445.75 2,639 34 102.89% $ 23,600<br />

Burke 31 $ 739,898 $ 367.37 2,445 31 104.71% $ 8,639<br />

3 Beds 7 $ 671,861 $ 396.85 1,911 7 102.55% $ 1,300<br />

4 to 5 Beds 23 $ 747,774 $ 363.73 2,530 23 105.90% $ 10,474<br />

6 Beds or more 1 $ 1,<strong>03</strong>5,000 $ 244.85 4,227 1 95.92% $ -<br />

Centreville 29 $ 753,914 $ 309.13 3,362 29 102.65% $ 4,317<br />

3 Beds 5 $ 605,800 $ 410.28 1,715 5 1<strong>03</strong>.07% $ 1,000<br />

4 to 5 Beds 21 $ 753,595 $ 294.25 3,325 21 1<strong>03</strong>.57% $ 5,975<br />

6 Beds or more 3 $ 1,0<strong>03</strong>,000 $ 244.72 6,361 3 97.69% $ -<br />

Chantilly 12 $ 723,750 $ 347.69 2,488 12 104.48% $ 2,635<br />

3 Beds 4 $ 595,000 $ 346.33 1,825 4 106.06% $ -<br />

4 to 5 Beds 8 $ 788,125 $ 348.37 2,819 8 1<strong>03</strong>.89% $ 2,635<br />

Clifton 13 $ 938,712 $ 3<strong>03</strong>.98 3,770 13 1<strong>03</strong>.45% $ -<br />

3 Beds 1 $ 713,250 $ 252.21 2,828 1 101.90% $ -<br />

4 to 5 Beds 10 $ 859,500 $ 315.50 3,332 10 105.76% $ -<br />

6 Beds or more 2 $ 1,447,500 $ 272.31 6,428 2 97.47% $ -<br />

Dunn Loring 3 $ 1,393,476 $ 365.75 5,082 3 102.11% $ -<br />

4 to 5 Beds 2 $ 1,190,214 $ 335.05 4,316 2 106.08% $ -<br />

6 Beds or more 1 $ 1,800,000 $ 427.15 6,614 1 97.30% $ -<br />

Fairfax 71 $ 845,678 $ 372.25 3,<strong>03</strong>4 71 1<strong>03</strong>.12% $ 5,594<br />

3 Beds 5 $ 643,600 $ 401.43 1,892 5 105.21% $ 7,500<br />

4 to 5 Beds 63 $ 866,113 $ 373.12 3,098 63 102.97% $ 5,356<br />

6 Beds or more 3 $ 753,333 $ 305.50 3,587 3 1<strong>03</strong>.67% $ -<br />

Fairfax Station 15 $ 1,028,255 $ 298.60 4,726 15 99.95% $ 40<br />

4 to 5 Beds 14 $ 980,273 $ 3<strong>03</strong>.68 4,422 14 102.94% $ 40<br />

6 Beds or more 1 $ 1,700,000 $ 227.52 8,975 1 80.95% $ -<br />

Falls Church 57 $ 867,993 $ 492.88 2,400 57 1<strong>03</strong>.80% $ 13,268<br />

2 Beds or less 2 $ 680,000 $ 678.56 1,004 2 98.63% $ -<br />

3 Beds 19 $ 716,632 $ 489.14 1,744 19 105.13% $ 10,000<br />

4 to 5 Beds 33 $ 936,096 $ 484.12 2,757 33 102.51% $ 16,000<br />

6 Beds or more 3 $ 1,202,802 $ 489.20 3,558 3 112.77% $ 14,875<br />

Fort Belvoir 2 $ 647,475 $ 270.55 3,453 2 100.78% $ 10,000<br />

3 Beds 1 $ 624,950 $ 257.92 3,634 1 100.00% $ 10,000<br />

4 to 5 Beds 1 $ 670,000 $ 283.18 3,271 1 101.52% $ -<br />

Great Falls 28 $ 1,661,195 $ 405.78 5,564 28 98.89% $ 5,463<br />

3 Beds 3 $ 1,019,167 $ 387.40 3,117 3 97.10% $ -<br />

4 to 5 Beds 15 $ 1,491,936 $ 447.92 4,5<strong>03</strong> 15 101.84% $ 5,617<br />

6 Beds or more 10 $ 2,107,692 $ 348.09 7,888 10 96.20% $ 5,000<br />

Herndon 49 $ 734,239 $ 364.72 2,730 49 1<strong>03</strong>.06% $ 3,931<br />

2 Beds or less 1 $ 736,000 $ 584.13 1,260 1 77.48% $ -<br />

3 Beds 10 $ 619,350 $ 414.14 1,837 10 106.98% $ -<br />

4 to 5 Beds 37 $ 738,533 $ 348.37 2,844 37 1<strong>03</strong>.21% $ 4,914<br />

6 Beds or more 1 $ 1,722,500 $ 256.32 8,896 1 101.62% $ -<br />

Lorton 16 $ 914,367 $ 326.86 4,060 16 98.06% $ 2,500<br />

4 to 5 Beds 15 $ 917,567 $ 325.45 4,101 15 97.92% $ 2,500<br />

6 Beds or more 1 $ 866,365 $ 348.08 3,439 1 100.27% $ -<br />

Mclean 48 $ 1,911,473 $ 491.41 5,391 48 98.56% $ 8,825<br />

3 Beds 3 $ 924,500 $ 559.77 1,694 3 101.35% $ -<br />

4 to 5 Beds 29 $ 1,646,046 $ 511.39 4,744 29 98.13% $ 5,150<br />

6 Beds or more 16 $ 2,577,616 $ 442.39 7,257 16 98.89% $ 12,500<br />

Oak Hill 6 $ 1,144,683 $ 3<strong>03</strong>.66 5,008 6 107.30% $ -<br />

4 to 5 Beds 5 $ 1,093,400 $ 309.23 4,993 5 106.78% $ -<br />

6 Beds or more 1 $ 1,401,100 $ 275.81 5,080 1 109.38% $ -<br />

Oakton 17 $ 1,256,969 $ 346.02 4,127 17 102.94% $ 8,000<br />

4 to 5 Beds 15 $ 1,173,565 $ 347.66 4,266 15 1<strong>03</strong>.49% $ 8,000<br />

6 Beds or more 2 $ 1,882,500 $ 321.49 3,081 2 100.40% $ -<br />

Reston 20 $ 907,508 $ 357.85 3,208 20 104.63% $ 5,000<br />

3 Beds 3 $ 857,667 $ 449.34 2,100 3 106.77% $ 11,500<br />

4 to 5 Beds 16 $ 906,385 $ 346.45 3,363 16 104.61% $ 1,500<br />

6 Beds or more 1 $ 1,075,000 $ 265.83 4,044 1 100.00% $ 2,000<br />

Springfield 63 $ 702,640 $ 406.17 2,354 63 104.75% $ 8,025<br />

3 Beds 10 $ 589,910 $ 398.93 1,843 10 102.60% $ 15,000<br />

4 to 5 Beds 49 $ 697,225 $ 413.78 2,285 49 105.88% $ 1,800<br />

6 Beds or more 4 $ 1,050,786 $ 331.08 4,488 4 99.04% $ 13,500<br />

Vienna 64 $ 1,276,054 $ 430.89 4,154 64 102.25% $ 6,700<br />

2 Beds or less 1 $ 1,080,000 $ 393.16 3,397 1 110.77% $ -<br />

3 Beds 5 $ 820,000 $ 511.67 2,<strong>03</strong>8 5 102.16% $ 2,000<br />

4 to 5 Beds 44 $ 1,198,575 $ 447.59 3,611 44 1<strong>03</strong>.76% $ 500<br />

6 Beds or more 14 $ 1,696,438 $ 352.25 6,672 14 98.73% $ 10,333<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 47 -


FAIRFAX COUNTY TOWNHOMES<br />

UNITS<br />

900<br />

FAIRFAX COUNTY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

600000<br />

800<br />

700<br />

500000<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

400000<br />

300000<br />

200000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.27<br />

0.94% -49.93%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.27 0.54<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.50 0.26 -48.34%<br />

5-Yr MAR avg 0.87 -70.24%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $497,750 Avg Concession $4,913<br />

101.10%<br />

Orig List Price<br />

<strong>Market</strong><br />

6<br />

-5.19% 3.91%<br />

-8.95% -7.92%<br />

-1.56% -0.20% 20.00% 20.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$525,000 $479,000 $5,396 $5,336 102.70% 101.30%<br />

5 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$472,167 $505,917 7.15% $5,336 $4,913 -7.92% 100.43% 101.27% 0.83% 8 6 -21.74%<br />

5-Yr MAR avg $444,700 13.77% MAR % w/ Con 29.14% 15.61% -46.44% 5-Yr MAR avg 100.02% 1.25% 5-Yr MAR avg 8 -25.00%<br />

Active Listings 112<br />

New Listings 388 New Pendings 345 Closed Listings<br />

0.00% -45.89% -31.08% -28.28% -34.29% -26.91% -32.56% -21.72%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

112 207 563 541 525 472 433 373<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

570 322 -43.51% 1,242 1,278 2.90% 1,109 1,195 7.75% 857 1,046 22.05%<br />

5-Yr MAR avg 323 -0.37% 5-Yr MAR avg 605 111.24% 5-Yr MAR avg 499 139.57% 5-Yr MAR avg 499 109.70%<br />

292<br />

- 48 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fairfax County 1,487 $ 698,984 $ 367.75 2,325 18 101.74% $ 2,325<br />

Townhome 487 $ 536,359 $ 351.79 1,767 487 102.75% $ 4,913<br />

Alexandria 90 $ 512,923 $ 352.18 1,756 90 102.34% $ 3,257<br />

2 Beds or less 20 $ 461,140 $ 390.00 1,424 20 102.30% $ 2,600<br />

3 Beds 63 $ 521,480 $ 345.02 1,799 63 102.21% $ 3,276<br />

4 to 5 Beds 7 $ 583,857 $ 308.52 2,314 7 1<strong>03</strong>.50% $ 3,750<br />

Annandale 14 $ 465,286 $ 313.39 1,645 14 101.66% $ 3,375<br />

2 Beds or less 1 $ 455,000 $ 286.52 1,588 1 100.00% $ -<br />

3 Beds 10 $ 460,350 $ 312.56 1,660 10 101.67% $ 3,375<br />

4 to 5 Beds 3 $ 485,167 $ 325.09 1,617 3 102.15% $ -<br />

Burke 27 $ 486,278 $ 353.85 1,681 27 1<strong>03</strong>.62% $ 5,000<br />

3 Beds 25 $ 479,980 $ 355.42 1,658 25 1<strong>03</strong>.48% $ 5,000<br />

4 to 5 Beds 2 $ 565,000 $ 334.34 1,965 2 105.12% $ -<br />

Centreville 62 $ 456,713 $ 316.59 1,690 62 1<strong>03</strong>.21% $ 4,4<strong>03</strong><br />

2 Beds or less 6 $ 370,167 $ 324.08 1,292 6 1<strong>03</strong>.55% $ 2,000<br />

3 Beds 49 $ 462,115 $ 316.58 1,683 49 102.88% $ 5,204<br />

4 to 5 Beds 7 $ 493,086 $ 310.21 2,080 7 105.17% $ -<br />

Chantilly 10 $ 407,000 $ 282.50 1,534 10 101.68% $ 400<br />

2 Beds or less 2 $ 3<strong>03</strong>,000 $ 283.62 1,089 2 102.71% $ -<br />

3 Beds 8 $ 433,000 $ 282.22 1,645 8 101.50% $ 400<br />

Clifton 3 $ 435,167 $ 362.06 1,691 3 1<strong>03</strong>.61% $ -<br />

2 Beds or less 1 $ 394,000 $ 391.65 1,456 1 102.34% $ -<br />

3 Beds 2 $ 455,750 $ 347.27 1,809 2 104.17% $ -<br />

Fairfax 66 $ 554,563 $ 357.18 1,777 66 1<strong>03</strong>.09% $ 4,945<br />

2 Beds or less 6 $ 444,417 $ 318.08 1,475 6 102.61% $ 1,000<br />

3 Beds 50 $ 555,338 $ 363.10 1,755 50 1<strong>03</strong>.07% $ 6,675<br />

4 to 5 Beds 10 $ 616,779 $ 351.07 2,069 10 1<strong>03</strong>.42% $ -<br />

Falls Church 11 $ 643,455 $ 419.06 1,675 11 1<strong>03</strong>.52% $ 6,333<br />

2 Beds or less 1 $ 475,000 $ 407.38 1,166 1 1<strong>03</strong>.28% $ 4,000<br />

3 Beds 8 $ 659,000 $ 422.58 1,657 8 1<strong>03</strong>.14% $ 7,500<br />

4 to 5 Beds 2 $ 665,500 $ 410.82 2,0<strong>03</strong> 2 105.14% $ -<br />

Herndon 26 $ 460,431 $ 279.41 1,629 26 101.90% $ 5,687<br />

2 Beds or less 2 $ 402,500 $ 261.26 1,546 2 1<strong>03</strong>.81% $ -<br />

3 Beds 20 $ 446,811 $ 271.71 1,608 20 101.09% $ 5,687<br />

4 to 5 Beds 4 $ 557,500 $ 325.07 1,774 4 104.55% $ -<br />

Lorton 21 $ 484,531 $ 312.20 1,680 21 101.67% $ 7,159<br />

2 Beds or less 3 $ 341,633 $ 365.58 935 3 98.09% $ -<br />

3 Beds 17 $ 501,486 $ 302.14 1,762 17 102.07% $ 7,159<br />

4 to 5 Beds 1 $ 625,000 $ 323.16 2,509 1 102.46% $ -<br />

Mclean 15 $ 835,437 $ 447.67 2,127 15 100.27% $ 7,560<br />

2 Beds or less 2 $ 464,000 $ 368.30 1,259 2 99.52% $ 6,000<br />

3 Beds 9 $ 866,784 $ 437.48 2,265 9 99.93% $ 8,500<br />

4 to 5 Beds 4 $ 950,625 $ 510.30 2,252 4 101.16% $ 6,300<br />

Oakton 9 $ 662,478 $ 390.14 2,042 9 1<strong>03</strong>.94% $ -<br />

3 Beds 4 $ 549,500 $ 385.79 1,609 4 106.60% $ -<br />

4 to 5 Beds 5 $ 752,860 $ 393.62 2,390 5 102.44% $ -<br />

Reston 62 $ 549,297 $ 362.10 1,796 62 102.72% $ 6,828<br />

2 Beds or less 15 $ 457,362 $ 377.34 1,378 15 1<strong>03</strong>.90% $ 4,150<br />

3 Beds 38 $ 562,444 $ 357.16 1,845 38 102.64% $ 7,583<br />

4 to 5 Beds 9 $ 647,009 $ 357.60 2,285 9 101.64% $ 6,208<br />

Springfield 40 $ 509,104 $ 355.67 1,725 40 104.05% $ 6,250<br />

2 Beds or less 5 $ 416,080 $ 378.79 1,258 5 102.25% $ 1,500<br />

3 Beds 28 $ 516,392 $ 355.07 1,765 28 1<strong>03</strong>.69% $ 11,000<br />

4 to 5 Beds 7 $ 546,400 $ 341.54 1,895 7 106.42% $ -<br />

Vienna 31 $ 740,917 $ 424.69 2,098 31 1<strong>03</strong>.15% $ 3,563<br />

2 Beds or less 2 $ 432,000 $ 330.43 1,301 2 99.32% $ 1,500<br />

3 Beds 20 $ 764,596 $ 429.96 2,077 20 104.27% $ 4,250<br />

4 to 5 Beds 9 $ 756,944 $ 433.91 2,321 9 101.23% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 49 -


|| LOUDOUN COUNTY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $580,050 Avg Concession $5,042<br />

102.20%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

0.86% 8.52%<br />

3.36% -27.37%<br />

-0.87% 2.20%<br />

0.00% -33.33%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$575,100 $534,500 $4,878 $6,942 1<strong>03</strong>.10% 100.00%<br />

4 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$507,750 $567,356 11.74% $6,942 $5,042 -27.37% 99.77% 101.83% 2.07% 10 5 -53.33%<br />

5-Yr MAR avg $471,300 20.38% MAR % w/ Con 32.74% 11.20% -65.79% 5-Yr MAR avg 99.60% 2.24% 5-Yr MAR avg 11 -59.06%<br />

`<br />

Median Days<br />

30<br />

Contract to Settle<br />

0.00% -3.23%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

30 31<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

33 31 -5.05%<br />

5-Yr MAR avg 35 -9.44%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 2 9 1<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.36<br />

1.45% -71.52%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.35 1.26<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.12 0.35 -69.13%<br />

5-Yr MAR avg 2.00 -82.67%<br />

Active Listings 238<br />

New Listings 6<strong>03</strong> New Pendings 534 Closed Listings<br />

0.85% -67.57% -37.64% -39.52% -38.83% -23.17% -29.06% -22.99%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

236 734 967 997 873 695 609 561<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1,962 691 -64.78% 2,238 2,106 -5.90% 1,651 1,882 13.99% 1,176 1,465 24.57%<br />

5-Yr MAR avg 1,084 -36.27% 5-Yr MAR avg 1,054 99.81% 5-Yr MAR avg 739 154.60% 5-Yr MAR avg 739 98.19%<br />

432<br />

- 50 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


UNITS<br />

2500<br />

LOUDOUN COUNTY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

700000<br />

2000<br />

600000<br />

500000<br />

1500<br />

400000<br />

1000<br />

300000<br />

500<br />

200000<br />

100000<br />

0<br />

0<br />

UNITS<br />

1400<br />

1200<br />

1000<br />

800<br />

600<br />

400<br />

200<br />

0<br />

LOUDOUN COUNTY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

900000<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

0<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 51 -


LOUDOUN COUNTY CONDOMINIUMS<br />

UNITS<br />

250<br />

LOUDOUN COUNTY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

400000<br />

350000<br />

200<br />

150<br />

100<br />

50<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.43<br />

-7.39% -58.77%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.46 1.04<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.94 0.45 -52.34%<br />

5-Yr MAR avg 1.49 -69.89%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $370,000 Avg Concession $3,600<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

1.37% -1.33% -28.96% -42.72%<br />

-1.19% 0.00%<br />

0.00% -16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$365,000 $375,000 $5,068 $6,285 101.20% 100.00%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$339,329 $367,500 8.30% $6,285 $3,600 -42.72% 99.57% 100.40% 0.84% 10 6 -36.67%<br />

5-Yr MAR avg $306,680 19.83% MAR % w/ Con 33.33% 18.64% -44.07% 5-Yr MAR avg 99.36% 1.05% 5-Yr MAR avg 18 -64.02%<br />

Active Listings 51<br />

New Listings 107 New Pendings 106 Closed Listings<br />

-8.93% -51.43% -44.27% -24.11% -38.01% -1.85% -28.57% -6.59%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

56 105 192 141 171 108 119 91<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

284 160 -43.66% 374 421 12.57% 286 375 31.12% 209 295 41.15%<br />

5-Yr MAR avg 120 32.89% 5-Yr MAR avg 142 196.06% 5-Yr MAR avg 114 227.80% 5-Yr MAR avg 114 157.87%<br />

85<br />

- 52 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fairfax County 1,487 $ 698,984 $ 367.75 2,325 18 101.74% $ 2,325<br />

Condominium 59 $ 331,287 $ 259.05 1,322 59 100.57% $ 3,600<br />

Aldie 5 $ 335,700 $ 223.26 1,586 5 98.79% $ -<br />

2 Beds or less 2 $ 279,250 $ 248.45 1,119 2 93.08% $ -<br />

3 Beds 3 $ 373,333 $ 206.47 1,897 3 101.91% $ -<br />

Ashburn 12 $ 375,877 $ 260.30 1,525 12 99.27% $ 1,667<br />

2 Beds or less 6 $ 290,083 $ 278.80 1,043 6 100.21% $ 2,000<br />

3 Beds 5 $ 468,804 $ 259.35 1,856 5 98.00% $ 1,500<br />

4 to 5 Beds 1 $ 426,000 $ 154.01 2,766 1 102.65% $ -<br />

Brambleton 2 $ 327,500 $ 242.49 1,598 2 104.80% $ -<br />

2 Beds or less 1 $ 230,000 $ 312.08 737 1 102.22% $ -<br />

3 Beds 1 $ 425,000 $ 172.90 2,458 1 106.25% $ -<br />

Chantilly 2 $ 358,250 $ 258.05 1,393 2 105.54% $ 600<br />

2 Beds or less 2 $ 358,250 $ 258.05 1,393 2 105.54% $ 600<br />

Leesburg 23 $ 324,910 $ 268.16 1,215 23 100.65% $ 5,800<br />

2 Beds or less 19 $ 3<strong>03</strong>,125 $ 271.86 1,100 19 100.67% $ 5,375<br />

3 Beds 4 $ 428,388 $ 250.55 1,764 4 100.57% $ 7,500<br />

Sterling 15 $ 300,833 $ 258.37 1,188 15 101.09% $ 5,000<br />

2 Beds or less 14 $ 287,678 $ 259.66 1,128 14 101.61% $ 5,000<br />

3 Beds 1 $ 485,000 $ 240.34 2,018 1 97.00% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 53 -


LOUDOUN COUNTY DETACHED HOMES<br />

UNITS<br />

1400<br />

LOUDOUN COUNTY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

900000<br />

1200<br />

800000<br />

1000<br />

800<br />

600<br />

400<br />

200<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.46<br />

5.92% -72.40%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.43 1.65<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.53 0.44 -71.49%<br />

5-Yr MAR avg 2.87 -84.83%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $770,000 Avg Concession $6,942<br />

102.40%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

-2.78% 13.07% 36.00% -8.58%<br />

-0.49% 2.40%<br />

0.00% -33.33%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$792,000 $681,000 $5,104 $7,593 102.90% 100.00%<br />

4 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$657,667 $760,967 15.71% $7,593 $6,942 -8.58% 99.67% 101.87% 2.21% 16 5 -70.83%<br />

5-Yr MAR avg $618,000 23.13% MAR % w/ Con 35.07% 9.16% -73.89% 5-Yr MAR avg 99.12% 2.77% 5-Yr MAR avg 18 -74.64%<br />

Active Listings 146<br />

New Listings 280 New Pendings 229 Closed Listings<br />

6.57% -67.77% -35.19% -46.26% -41.13% -34.01% -25.75% -29.68%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

137 453 432 521 389 347 268 283<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1,241 416 -66.48% 1,146 951 -17.02% 823 840 2.07% 575 672 16.87%<br />

5-Yr MAR avg 766 -45.69% 5-Yr MAR avg 596 59.62% 5-Yr MAR avg 364 130.77% 5-Yr MAR avg 364 84.62%<br />

199<br />

- 54 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Loudoun County 616 $ 648,507 $ 271.23 2,888 11 102.48% $ 2,888<br />

Detached 273 $ 840,115 $ 291.55 3,865 273 101.93% $ 6,942<br />

Aldie 26 $ 956,294 $ 275.40 4,606 26 105.32% $ 9,167<br />

4 to 5 Beds 24 $ 933,277 $ 273.31 4,516 24 105.49% $ 9,167<br />

6 Beds or more 2 $ 1,232,500 $ 300.47 5,682 2 1<strong>03</strong>.79% $ -<br />

Ashburn 46 $ 952,193 $ 297.39 4,300 46 104.58% $ 7,500<br />

2 Beds or less 1 $ 525,000 $ 327.10 1,605 1 100.00% $ -<br />

3 Beds 3 $ 673,300 $ 307.51 2,990 3 101.05% $ -<br />

4 to 5 Beds 37 $ 941,648 $ 296.44 4,280 37 104.79% $ 7,500<br />

6 Beds or more 5 $ 1,283,000 $ 292.43 5,773 5 105.00% $ -<br />

Bluemont 1 $ 900,000 $ 273.22 3,644 1 100.00% $ -<br />

4 to 5 Beds 1 $ 900,000 $ 273.22 3,644 1 100.00% $ -<br />

Brambleton 2 $ 935,000 $ 274.79 4,804 2 105.06% $ -<br />

4 to 5 Beds 1 $ 900,000 $ 291.45 4,288 1 110.43% $ -<br />

6 Beds or more 1 $ 970,000 $ 258.12 5,320 1 100.52% $ -<br />

Broadlands 3 $ 825,100 $ 300.12 3,827 3 106.28% $ -<br />

4 to 5 Beds 2 $ 766,150 $ 316.54 3,335 2 1<strong>03</strong>.60% $ -<br />

6 Beds or more 1 $ 943,000 $ 267.29 4,813 1 110.94% $ -<br />

Chantilly 17 $ 892,440 $ 277.52 4,215 17 1<strong>03</strong>.28% $ 7,500<br />

3 Beds 1 $ 690,000 $ 323.<strong>03</strong> 2,908 1 110.40% $ -<br />

4 to 5 Beds 14 $ 859,677 $ 275.62 3,990 14 1<strong>03</strong>.05% $ 7,500<br />

6 Beds or more 2 $ 1,223,000 $ 268.06 6,443 2 102.56% $ -<br />

Hamilton 3 $ 747,500 $ 354.57 2,664 3 102.16% $ 3,500<br />

3 Beds 1 $ 735,000 $ 482.92 1,522 1 101.38% $ -<br />

4 to 5 Beds 2 $ 753,750 $ 290.39 3,235 2 102.55% $ 3,500<br />

Hillsboro 4 $ 450,725 $ 325.68 1,525 4 92.08% $ 15,000<br />

2 Beds or less 2 $ 399,500 $ 378.70 1,479 2 86.47% $ -<br />

3 Beds 1 $ 874,900 $ 427.20 2,048 1 100.00% $ 15,000<br />

4 to 5 Beds 1 $ 129,000 $ 118.13 1,092 1 81.13% $ -<br />

Leesburg 70 $ 872,348 $ 285.55 4,280 70 99.78% $ 6,714<br />

2 Beds or less 4 $ 510,932 $ 278.53 2,456 4 66.02% $ 6,750<br />

3 Beds 6 $ 646,750 $ 380.<strong>03</strong> 2,454 6 100.66% $ -<br />

4 to 5 Beds 53 $ 879,315 $ 278.01 4,377 53 100.58% $ 5,875<br />

6 Beds or more 7 $ 1,167,857 $ 264.68 6,155 7 104.62% $ 10,000<br />

Lovettsville 9 $ 514,778 $ 255.90 2,518 9 1<strong>03</strong>.84% $ 12,200<br />

3 Beds 2 $ 475,000 $ 268.71 2,006 2 100.02% $ -<br />

4 to 5 Beds 7 $ 526,143 $ 252.24 2,665 7 104.87% $ 12,200<br />

Middleburg 3 $ 2,526,333 $ 464.25 4,786 3 88.15% $ 10,000<br />

4 to 5 Beds 2 $ 1,<strong>03</strong>9,500 $ 317.07 3,554 2 99.09% $ 10,000<br />

6 Beds or more 1 $ 5,500,000 $ 758.62 7,250 1 84.62% $ -<br />

Paeonian Springs 1 $ 1,100,000 $ 318.47 5,094 1 112.82% $ -<br />

4 to 5 Beds 1 $ 1,100,000 $ 318.47 5,094 1 112.82% $ -<br />

Potomac Falls 1 $ 935,000 $ 292.74 4,366 1 94.54% $ -<br />

4 to 5 Beds 1 $ 935,000 $ 292.74 4,366 1 94.54% $ -<br />

Purcellville 26 $ 701,022 $ 260.11 3,361 26 101.19% $ 3,500<br />

3 Beds 9 $ 571,741 $ 272.96 2,535 9 101.04% $ -<br />

4 to 5 Beds 16 $ 771,794 $ 253.46 3,755 16 101.33% $ 3,500<br />

6 Beds or more 1 $ 732,202 $ 244.07 4,500 1 100.00% $ -<br />

Round Hill 16 $ 724,386 $ 252.53 3,639 16 1<strong>03</strong>.18% $ -<br />

3 Beds 5 $ 723,025 $ 292.02 3,158 5 105.26% $ -<br />

4 to 5 Beds 11 $ 725,005 $ 234.57 3,858 11 102.26% $ -<br />

Sterling 42 $ 660,523 $ 334.45 2,8<strong>03</strong> 42 102.18% $ 3,459<br />

2 Beds or less 1 $ 451,500 $ 465.94 969 1 106.24% $ -<br />

3 Beds 11 $ 516,791 $ 352.55 1,874 11 102.28% $ -<br />

4 to 5 Beds 29 $ 704,681 $ 326.90 3,048 29 102.19% $ 3,459<br />

6 Beds or more 1 $ 1,170,000 $ 222.73 7,749 1 100.00% $ -<br />

Waterford 3 $ 1,129,000 $ 253.81 5,881 3 109.72% $ -<br />

4 to 5 Beds 3 $ 1,129,000 $ 253.81 5,881 3 109.72% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 55 -


LOUDOUN COUNTY TOWNHOMES<br />

UNITS<br />

400<br />

LOUDOUN COUNTY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

600000<br />

350<br />

500000<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<br />

400000<br />

300000<br />

200000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.18<br />

-3.41% -78.56%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.19 0.85<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.70 0.17 -75.67%<br />

5-Yr MAR avg 1.02 -83.40%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $525,300 Avg Concession $4,083<br />

102.60%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

-2.54% 11.53% -11.10% -33.49%<br />

-1.44% 1.99%<br />

0.00% -20.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$539,000 $471,000 $4,593 $6,140 104.10% 100.60%<br />

4 5<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$463,867 $523,933 12.95% $6,140 $4,083 -33.49% 100.20% 102.67% 2.46% 7 4 -35.00%<br />

5-Yr MAR avg $426,399 22.87% MAR % w/ Con 29.92% 11.62% -61.16% 5-Yr MAR avg 100.08% 2.58% 5-Yr MAR avg 7 -36.27%<br />

Active Listings 41<br />

New Listings 216 New Pendings 199 Closed Listings<br />

-4.65% -76.70% -37.<strong>03</strong>% -35.52% -36.42% -17.08% -33.33% -20.86%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

43 176 343 335 313 240 222 187<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

437 115 -73.68% 718 734 2.23% 542 667 23.06% 392 498 27.04%<br />

5-Yr MAR avg 198 -41.86% 5-Yr MAR avg 316 132.28% 5-Yr MAR avg 261 155.75% 5-Yr MAR avg 261 90.95%<br />

148<br />

- 56 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Loudoun County 616 $ 648,507 $ 271.23 2,888 11 102.48% $ 2,888<br />

Townhome 284 $ 530,896 $ 254.25 2,274 284 1<strong>03</strong>.58% $ 4,083<br />

Aldie 27 $ 506,574 $ 238.35 2,169 27 104.96% $ 2,325<br />

2 Beds or less 5 $ 368,600 $ 256.73 1,439 5 102.96% $ 2,700<br />

3 Beds 19 $ 525,368 $ 234.46 2,283 19 105.40% $ 1,950<br />

4 to 5 Beds 3 $ 617,500 $ 232.35 2,669 3 104.66% $ -<br />

Ashburn 106 $ 580,4<strong>03</strong> $ 257.17 2,385 106 1<strong>03</strong>.41% $ 4,590<br />

2 Beds or less 8 $ 406,238 $ 275.01 1,632 8 1<strong>03</strong>.47% $ 400<br />

3 Beds 65 $ 550,921 $ 257.05 2,255 65 1<strong>03</strong>.10% $ 4,786<br />

4 to 5 Beds 33 $ 680,695 $ 253.07 2,821 33 1<strong>03</strong>.89% $ 6,000<br />

Brambleton 14 $ 542,999 $ 236.41 2,371 14 104.11% $ 5,000<br />

2 Beds or less 2 $ 367,500 $ 222.16 1,656 2 102.80% $ -<br />

3 Beds 10 $ 565,999 $ 244.22 2,411 10 1<strong>03</strong>.81% $ 5,000<br />

4 to 5 Beds 2 $ 6<strong>03</strong>,500 $ 211.61 2,882 2 106.35% $ -<br />

Broadlands 2 $ 685,000 $ 255.17 3,316 2 109.60% $ -<br />

3 Beds 1 $ 570,000 $ 232.56 2,451 1 106.54% $ -<br />

4 to 5 Beds 1 $ 800,000 $ 277.78 4,180 1 111.89% $ -<br />

Chantilly 31 $ 509,376 $ 249.36 2,220 31 104.56% $ 4,167<br />

3 Beds 21 $ 506,793 $ 244.14 2,160 21 104.64% $ 2,500<br />

4 to 5 Beds 10 $ 514,800 $ 260.32 2,347 10 104.39% $ 7,500<br />

Leesburg 43 $ 565,939 $ 252.53 2,577 43 1<strong>03</strong>.39% $ 3,722<br />

2 Beds or less 2 $ 456,410 $ 255.14 1,846 2 101.71% $ 7,500<br />

3 Beds 24 $ 490,472 $ 250.70 2,201 24 1<strong>03</strong>.89% $ 3,500<br />

4 to 5 Beds 17 $ 685,368 $ 254.82 3,193 17 1<strong>03</strong>.02% $ 3,000<br />

Potomac Falls 1 $ 495,000 $ 309.38 2,172 1 104.21% $ -<br />

3 Beds 1 $ 495,000 $ 309.38 2,172 1 104.21% $ -<br />

Purcellville 7 $ 467,714 $ 228.98 2,347 7 101.24% $ -<br />

3 Beds 3 $ 452,667 $ 234.74 2,127 3 102.88% $ -<br />

4 to 5 Beds 4 $ 479,000 $ 224.66 2,512 4 100.11% $ -<br />

Round Hill 2 $ 375,000 $ 262.71 2,<strong>03</strong>3 2 101.49% $ -<br />

3 Beds 1 $ 360,000 $ 264.71 1,860 1 100.00% $ -<br />

4 to 5 Beds 1 $ 390,000 $ 260.70 2,206 1 102.90% $ -<br />

Sterling 51 $ 430,536 $ 268.<strong>03</strong> 1,811 51 102.61% $ 4,150<br />

2 Beds or less 10 $ 3<strong>03</strong>,690 $ 290.48 1,155 10 100.50% $ 5,433<br />

3 Beds 33 $ 446,073 $ 269.33 1,869 33 102.86% $ 3,381<br />

4 to 5 Beds 8 $ 525,000 $ 234.59 2,393 8 1<strong>03</strong>.30% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 57 -


|| PRINCE WILLIAM COUNTY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $405,500 Avg Concession $4,996<br />

101.80%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

-8.88% -0.67% -21.08% -27.09%<br />

-1.36% 1.80% 25.00% -16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$445,000 $408,250 $6,330 $6,852 1<strong>03</strong>.20% 100.00%<br />

4 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$385,750 $419,500 8.75% $6,852 $4,996 -27.09% 99.63% 102.00% 2.38% 13 5 -61.54%<br />

5-Yr MAR avg $359,900 16.56% MAR % w/ Con 51.81% 14.77% -71.49% 5-Yr MAR avg 99.44% 2.57% 5-Yr MAR avg 14 -63.77%<br />

Median Days<br />

31<br />

Contract to Settle<br />

3.33% -6.06%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

30 33<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

34 32 -4.95%<br />

5-Yr MAR avg 35 -8.57%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 0 0 2<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.26<br />

-15.10% -71.51%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.31 0.93<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.81 0.28 -65.42%<br />

5-Yr MAR avg 1.61 -82.64%<br />

Active Listings 188<br />

New Listings 639 New Pendings 598 Closed Listings<br />

-15.70% -68.24% -31.66% -34.26% -30.55% -21.52% -26.38% -18.51%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

223 592 935 972 861 762 652 589<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1,541 596 -61.32% 2,237 2,139 -4.38% 1,901 2,012 5.84% 1,4<strong>03</strong> 1,635 16.54%<br />

5-Yr MAR avg 946 -36.98% 5-Yr MAR avg 1,095 95.31% 5-Yr MAR avg 845 137.99% 5-Yr MAR avg 845 93.40%<br />

480<br />

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UNITS<br />

2500<br />

PRINCE WILLIAM COUNTY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

500000<br />

450000<br />

2000<br />

400000<br />

350000<br />

1500<br />

300000<br />

250000<br />

1000<br />

200000<br />

150000<br />

500<br />

100000<br />

50000<br />

0<br />

0<br />

UNITS<br />

1200<br />

PRINCE WILLIAM COUNTY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

700000<br />

1000<br />

600000<br />

800<br />

600<br />

400<br />

500000<br />

400000<br />

300000<br />

200000<br />

200<br />

100000<br />

0<br />

0<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 59 -


PRINCE WILLIAM COUNTY CONDOMINIUMS<br />

UNITS<br />

250<br />

PRINCE WILLIAM COUNTY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

400000<br />

350000<br />

200<br />

150<br />

100<br />

50<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.24<br />

-27.73% -65.57%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.33 0.68<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.60 0.27 -55.13%<br />

5-Yr MAR avg 1.68 -83.93%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $310,000 Avg Concession $4,500<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

-7.21% 1.64% 32.84% -3.63%<br />

-2.53% 0.00%<br />

0.00% -16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$334,100 $305,000 $3,388 $4,670 102.60% 100.00%<br />

5 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$290,983 $317,367 9.07% $4,670 $4,500 -3.63% 99.80% 100.87% 1.07% 10 7 -31.<strong>03</strong>%<br />

5-Yr MAR avg $264,500 19.99% MAR % w/ Con 42.31% 11.54% -72.73% 5-Yr MAR avg 99.00% 1.89% 5-Yr MAR avg 16 -59.35%<br />

Active Listings 20<br />

New Listings 84 New Pendings 84 Closed Listings<br />

-28.57% -62.96% -28.21% -14.29% -23.64% -4.55% -27.96% -8.22%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

28 54 117 98 110 88 93 73<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

144 69 -52.08% 266 277 4.14% 233 268 15.02% 180 227 26.11%<br />

5-Yr MAR avg 113 -39.05% 5-Yr MAR avg 129 115.06% 5-Yr MAR avg 98 174.<strong>03</strong>% 5-Yr MAR avg 98 132.11%<br />

67<br />

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Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Prince William County 650 $ 486,526 $ 253.16 2,611 7 1<strong>03</strong>.43% $ 2,611<br />

Condominium 26 $ 263,796 $ 204.12 1,329 26 101.08% $ 4,500<br />

Dumfries 1 $ 165,000 $ 170.10 970 1 100.00% $ -<br />

2 Beds or less 1 $ 165,000 $ 170.10 970 1 100.00% $ -<br />

Gainesville 2 $ 334,900 $ 158.16 2,123 2 108.05% $ -<br />

3 Beds 2 $ 334,900 $ 158.16 2,123 2 108.05% $ -<br />

Haymarket 2 $ 375,000 $ 221.45 1,692 2 96.15% $ 5,000<br />

2 Beds or less 1 $ 340,000 $ 219.21 1,551 1 91.89% $ -<br />

3 Beds 1 $ 410,000 $ 223.68 1,833 1 100.00% $ 5,000<br />

Manassas 6 $ 208,787 $ 218.56 996 6 100.95% $ -<br />

2 Beds or less 5 $ 210,944 $ 235.87 895 5 102.51% $ -<br />

3 Beds 1 $ 198,000 $ 132.00 1,500 1 93.40% $ -<br />

Woodbridge 15 $ 268,078 $ 204.43 1,331 15 101.05% $ 4,250<br />

2 Beds or less 12 $ 263,431 $ 217.48 1,191 12 101.67% $ 4,250<br />

3 Beds 3 $ 286,667 $ 152.22 1,890 3 98.85% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 61 -


PRINCE WILLIAM COUNTY DETACHED HOMES<br />

UNITS<br />

1200<br />

PRINCE WILLIAM COUNTY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

700000<br />

1000<br />

800<br />

600<br />

400<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.29<br />

-22.23% -73.94%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.37 1.10<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.96 0.31 -67.35%<br />

5-Yr MAR avg 1.94 -83.83%<br />

200<br />

100000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $535,000 Avg Concession $5,823<br />

102.30%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

-7.12% 5.11% -28.<strong>03</strong>% -24.92%<br />

-1.06% 2.30%<br />

0.00% -42.86%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$576,000 $509,000 $8,091 $7,756 1<strong>03</strong>.40% 100.00%<br />

4 7<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$483,000 $539,833 11.77% $7,756 $5,823 -24.92% 99.47% 102.37% 2.92% 21 5 -77.42%<br />

5-Yr MAR avg $452,600 19.27% MAR % w/ Con 52.98% 16.<strong>03</strong>% -69.73% 5-Yr MAR avg 99.14% 3.25% 5-Yr MAR avg 15 -69.70%<br />

Active Listings 114<br />

New Listings 352 New Pendings 333 Closed Listings<br />

-22.45% -70.69% -36.23% -39.83% -31.48% -25.34% -29.<strong>03</strong>% -26.89%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

147 389 552 585 486 446 341 331<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1,013 374 -63.08% 1,277 1,197 -6.26% 1,068 1,102 3.18% 762 854 12.07%<br />

5-Yr MAR avg 646 -42.11% 5-Yr MAR avg 665 80.11% 5-Yr MAR avg 489 125.36% 5-Yr MAR avg 489 74.64%<br />

242<br />

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Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Prince William County 650 $ 486,526 $ 253.16 2,611 7 1<strong>03</strong>.43% $ 2,611<br />

Detached 343 $ 589,615 $ 261.64 3,269 343 1<strong>03</strong>.53% $ 5,823<br />

Bristow 22 $ 679,805 $ 232.24 4,<strong>03</strong>8 22 107.36% $ 4,400<br />

3 Beds 2 $ 568,000 $ 247.89 3,128 2 104.71% $ -<br />

4 to 5 Beds 18 $ 677,400 $ 235.44 3,924 18 108.18% $ 4,400<br />

6 Beds or more 2 $ 813,250 $ 187.87 5,979 2 1<strong>03</strong>.28% $ -<br />

Catharpin 1 $ 465,000 $ 161.68 4,011 1 132.86% $ 12,<strong>03</strong>6<br />

3 Beds 1 $ 465,000 $ 161.68 4,011 1 132.86% $ 12,<strong>03</strong>6<br />

Dumfries 32 $ 560,901 $ 235.64 3,124 32 101.16% $ 7,073<br />

2 Beds or less 1 $ 380,000 $ 294.80 1,864 1 104.11% $ -<br />

3 Beds 2 $ 6<strong>03</strong>,250 $ 327.55 2,755 2 1<strong>03</strong>.14% $ -<br />

4 to 5 Beds 27 $ 551,012 $ 228.67 3,074 27 101.08% $ 7,073<br />

6 Beds or more 2 $ 742,500 $ 208.15 4,795 2 99.67% $ -<br />

Gainesville 28 $ 678,516 $ 231.01 4,095 28 100.96% $ 7,500<br />

3 Beds 2 $ 387,728 $ 146.34 3,704 2 62.29% $ 10,000<br />

4 to 5 Beds 22 $ 667,818 $ 235.97 3,897 22 1<strong>03</strong>.30% $ -<br />

6 Beds or more 4 $ 882,750 $ 246.06 5,377 4 105.41% $ 5,000<br />

Haymarket 35 $ 770,267 $ 260.17 4,172 35 104.47% $ 4,492<br />

2 Beds or less 1 $ 385,000 $ 265.88 1,448 1 104.19% $ -<br />

3 Beds 5 $ 675,131 $ 321.60 2,907 5 104.59% $ 6,425<br />

4 to 5 Beds 29 $ 799,955 $ 251.50 4,485 29 104.46% $ 625<br />

Manassas 72 $ 610,471 $ 262.46 3,380 72 104.06% $ 6,506<br />

3 Beds 9 $ 445,667 $ 276.45 2,075 9 105.01% $ 3,015<br />

4 to 5 Beds 60 $ 607,773 $ 259.21 3,436 60 104.44% $ 9,125<br />

6 Beds or more 3 $ 1,158,833 $ 284.33 6,159 3 99.22% $ -<br />

Manassas Park 1 $ 360,000 $ 259.18 1,389 1 100.00% $ 5,000<br />

3 Beds 1 $ 360,000 $ 259.18 1,389 1 100.00% $ 5,000<br />

Nokesville 13 $ 646,731 $ 261.69 3,357 13 101.37% $ 7,793<br />

3 Beds 3 $ 569,167 $ 255.99 2,298 3 1<strong>03</strong>.80% $ 3,750<br />

4 to 5 Beds 7 $ 568,286 $ 281.24 2,725 7 101.61% $ 11,250<br />

6 Beds or more 3 $ 907,333 $ 221.77 5,892 3 99.56% $ 1,467<br />

Quantico 1 $ 295,000 $ 213.77 1,380 1 86.79% $ -<br />

3 Beds 1 $ 295,000 $ 213.77 1,380 1 86.79% $ -<br />

Triangle 6 $ 538,000 $ 216.17 3,797 6 102.49% $ 4,250<br />

3 Beds 2 $ 318,500 $ 280.37 1,451 2 101.94% $ 4,250<br />

4 to 5 Beds 4 $ 647,750 $ 184.07 4,970 4 102.62% $ -<br />

Woodbridge 132 $ 505,048 $ 282.48 2,692 132 1<strong>03</strong>.67% $ 5,281<br />

2 Beds or less 1 $ 364,900 $ 310.29 1,484 1 98.65% $ -<br />

3 Beds 30 $ 385,663 $ 325.58 1,700 30 1<strong>03</strong>.12% $ 4,658<br />

4 to 5 Beds 96 $ 539,0<strong>03</strong> $ 271.31 2,963 96 1<strong>03</strong>.82% $ 5,813<br />

6 Beds or more 5 $ 597,450 $ 232.75 3,685 5 1<strong>03</strong>.91% $ 8,500<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 63 -


PRINCE WILLIAM COUNTY TOWNHOMES<br />

UNITS<br />

400<br />

PRINCE WILLIAM COUNTY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

450000<br />

350<br />

400000<br />

300<br />

250<br />

200<br />

150<br />

100<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.24<br />

13.99% -67.43%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.21 0.73<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.63 0.22 -64.29%<br />

5-Yr MAR avg 1.00 -77.45%<br />

50<br />

50000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $358,000 Avg Concession $3,837<br />

101.70%<br />

Orig List Price<br />

<strong>Market</strong><br />

5<br />

-6.65% 3.77% -17.98% -33.43%<br />

-1.45% 1.70% 25.00% -16.67%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$383,500 $345,000 $4,678 $5,764 1<strong>03</strong>.20% 100.00%<br />

4 6<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$337,000 $367,167 8.95% $5,764 $3,837 -33.43% 100.00% 102.<strong>03</strong>% 2.<strong>03</strong>% 10 5 -48.28%<br />

5-Yr MAR avg $308,590 18.98% MAR % w/ Con 51.22% 13.52% -73.60% 5-Yr MAR avg 99.74% 2.30% 5-Yr MAR avg 12 -59.02%<br />

Active Listings 54<br />

New Listings 2<strong>03</strong> New Pendings 181 Closed Listings<br />

12.50% -63.76% -23.40% -29.76% -31.70% -20.61% -21.56% -7.57%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

48 149 265 289 265 228 218 185<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

384 153 -60.16% 694 664 -4.32% 600 642 7.00% 461 554 20.17%<br />

5-Yr MAR avg 186 -17.65% 5-Yr MAR avg 302 120.01% 5-Yr MAR avg 259 148.26% 5-Yr MAR avg 259 114.23%<br />

171<br />

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Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Prince William County 650 $ 486,526 $ 253.16 2,611 7 1<strong>03</strong>.43% $ 2,611<br />

Townhome 281 $ 381,300 $ 247.41 1,926 281 1<strong>03</strong>.39% $ 3,837<br />

Bristow 22 $ 415,245 $ 265.24 2,055 22 104.61% $ -<br />

2 Beds or less 3 $ 366,667 $ 227.98 1,611 3 1<strong>03</strong>.78% $ -<br />

3 Beds 14 $ 414,733 $ 274.58 1,985 14 1<strong>03</strong>.63% $ -<br />

4 to 5 Beds 5 $ 445,826 $ 261.43 2,517 5 107.69% $ -<br />

Dale City 1 $ 525,616 $ 268.99 2,410 1 100.00% $ 10,000<br />

3 Beds 1 $ 525,616 $ 268.99 2,410 1 100.00% $ 10,000<br />

Dumfries 27 $ 368,718 $ 248.69 1,977 27 101.95% $ 2,757<br />

2 Beds or less 2 $ 342,500 $ 246.24 2,100 2 99.28% $ -<br />

3 Beds 21 $ 360,590 $ 251.85 1,921 21 102.19% $ 2,860<br />

4 to 5 Beds 4 $ 424,500 $ 233.36 2,211 4 101.99% $ 5,000<br />

Gainesville 30 $ 419,133 $ 243.91 2,070 30 1<strong>03</strong>.04% $ -<br />

3 Beds 28 $ 410,877 $ 242.59 2,<strong>03</strong>7 28 1<strong>03</strong>.06% $ -<br />

4 to 5 Beds 2 $ 534,715 $ 262.46 2,538 2 102.83% $ -<br />

Haymarket 18 $ 491,161 $ 250.90 2,392 18 105.21% $ -<br />

2 Beds or less 1 $ 3<strong>03</strong>,000 $ 236.35 1,282 1 102.71% $ -<br />

3 Beds 17 $ 502,230 $ 251.76 2,458 17 105.30% $ -<br />

Manassas 43 $ 366,055 $ 245.44 1,867 43 1<strong>03</strong>.56% $ 3,500<br />

2 Beds or less 1 $ 265,000 $ 207.<strong>03</strong> 1,280 1 94.64% $ -<br />

3 Beds 35 $ 363,024 $ 242.24 1,837 35 1<strong>03</strong>.88% $ 4,125<br />

4 to 5 Beds 7 $ 395,643 $ 266.90 2,104 7 1<strong>03</strong>.08% $ 1,000<br />

Occoquan 2 $ 472,450 $ 244.12 2,107 2 101.61% $ -<br />

2 Beds or less 1 $ 395,000 $ 211.91 1,864 1 1<strong>03</strong>.95% $ -<br />

3 Beds 1 $ 549,900 $ 276.33 2,350 1 100.00% $ -<br />

Triangle 3 $ 277,667 $ 210.66 1,530 3 1<strong>03</strong>.29% $ -<br />

3 Beds 3 $ 277,667 $ 210.66 1,530 3 1<strong>03</strong>.29% $ -<br />

Woodbridge 135 $ 359,968 $ 245.90 1,822 135 1<strong>03</strong>.24% $ 4,305<br />

2 Beds or less 19 $ 331,942 $ 255.91 1,653 19 1<strong>03</strong>.00% $ 10,000<br />

3 Beds 96 $ 352,692 $ 242.61 1,786 96 1<strong>03</strong>.65% $ 3,350<br />

4 to 5 Beds 20 $ 421,517 $ 252.15 2,158 20 101.79% $ 5,9<strong>03</strong><br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 65 -


|| FAUQUIER COUNTY OVERVIEW<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $450,000 Avg Concession $6,809<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

6<br />

-9.46% 5.88% -24.75% -7.34%<br />

-0.89% 0.60%<br />

0.00% -80.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$497,000 $425,000 $9,049 $7,348 100.90% 99.40%<br />

6 30<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$406,792 $465,667 14.47% $7,348 $6,809 -7.34% 98.80% 100.30% 1.52% 35 9 -73.33%<br />

5-Yr MAR avg $376,080 23.82% MAR % w/ Con 56.20% 15.89% -71.73% 5-Yr MAR avg 98.20% 2.14% 5-Yr MAR avg 31 -69.50%<br />

Median Days<br />

33<br />

Contract to Settle<br />

-2.94% -2.94%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

34 34<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

36 35 -0.93%<br />

5-Yr MAR avg 37 -3.99%<br />

Median Days on <strong>Market</strong><br />

by Structure Type<br />

Condo Detached Townhome<br />

101 0 8 0<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.69<br />

0.39% -71.42%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.69 2.41<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

2.36 0.69 -70.53%<br />

5-Yr MAR avg 3.96 -82.45%<br />

Active Listings 82<br />

New Listings 124 New Pendings 109 Closed Listings<br />

1.23% -68.22% -20.00% -32.24% -24.83% -9.17% -30.00% -35.83%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

81 258 155 183 145 120 110 120<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

738 248 -66.40% 431 378 -12.30% 342 358 4.68% 273 250 -8.42%<br />

5-Yr MAR avg 348 -28.65% 5-Yr MAR avg 197 91.68% 5-Yr MAR avg 132 172.04% 5-Yr MAR avg 132 89.97%<br />

77<br />

- 66 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


UNITS<br />

600<br />

FAUQUIER COUNTY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

600000<br />

500<br />

500000<br />

400<br />

400000<br />

300<br />

300000<br />

200<br />

200000<br />

100<br />

100000<br />

0<br />

0<br />

UNITS<br />

500<br />

450<br />

400<br />

350<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<br />

0<br />

FAUQUIER COUNTY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

600000<br />

500000<br />

400000<br />

300000<br />

200000<br />

100000<br />

0<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 67 -


FAUQUIER COUNTY CONDOMINIUMS<br />

UNITS<br />

16<br />

FAUQUIER COUNTY CONDOMINIUMS<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

450000<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

400000<br />

350000<br />

300000<br />

250000<br />

200000<br />

150000<br />

100000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.00<br />

-100.00% -100.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.25 1.25<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

1.00 0.17 -83.33%<br />

5-Yr MAR avg 2.02 -91.74%<br />

2<br />

50000<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $292,000 Avg Concession $0<br />

98.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

10<br />

-3.46% -2.50% #DIV/0! #DIV/0!<br />

-2.00% 8.41%<br />

0.00% -92.13%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$302,450 $299,500 $0 $0 100.00% 90.40%<br />

10 127<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$220,917 $248,150 12.33% $0 $0 #DIV/0! 95.07% 96.33% 1.33% 70 7 -90.43%<br />

5-Yr MAR avg $231,350 7.26% MAR % w/ Con 0.00% 0.00% #DIV/0! 5-Yr MAR avg 96.36% -0.<strong>03</strong>% 5-Yr MAR avg 35 -81.17%<br />

Active Listings -<br />

New Listings 1 New Pendings 2 Closed Listings<br />

-100.00% -100.00% -75.00% -83.33% -33.33% -60.00% -25.00%<br />

0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

1 5 4 6 3 5 4 3<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

12 2 -83.33% 12 10 -16.67% 13 9 -30.77% 12 8 -33.33%<br />

5-Yr MAR avg 6 -66.67% 5-Yr MAR avg 5 92.31% 5-Yr MAR avg 3 181.25% 5-Yr MAR avg 3 150.00%<br />

3<br />

- 68 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fauquier County 107 $ 672,874 $ 297.60 2,661 34 95.06% $ 2,661<br />

Condominium 2 $ 267,450 $ 179.31 1,459 2 101.91% $ -<br />

Bealeton 1 $ 185,000 $ 160.<strong>03</strong> 1,156 1 105.71% $ -<br />

3 Beds 1 $ 185,000 $ 160.<strong>03</strong> 1,156 1 105.71% $ -<br />

Warrenton 1 $ 349,900 $ 198.58 1,762 1 100.00% $ -<br />

2 Beds or less 1 $ 349,900 $ 198.58 1,762 1 100.00% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 69 -


FAUQUIER COUNTY DETACHED HOMES<br />

UNITS<br />

500<br />

FAUQUIER COUNTY DETACHED HOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

600000<br />

450<br />

400<br />

350<br />

300<br />

250<br />

200<br />

150<br />

500000<br />

400000<br />

300000<br />

200000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.75<br />

1.62% -71.31%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.74 2.61<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

2.58 0.75 -71.06%<br />

5-Yr MAR avg 4.31 -82.67%<br />

100<br />

50<br />

0<br />

100000<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $515,000 Avg Concession $6,809<br />

100.00%<br />

Orig List Price<br />

<strong>Market</strong><br />

10<br />

-1.44% 19.08% -30.47% -9.13%<br />

-0.89% 0.60% 100.00% -65.52%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$522,500 $432,500 $9,794 $7,493 100.90% 99.40%<br />

5 29<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$428,833 $499,167 16.40% $7,493 $6,809 -9.13% 98.87% 100.30% 1.45% 38 13 -66.37%<br />

5-Yr MAR avg $402,180 24.12% MAR % w/ Con 58.18% 18.28% -68.58% 5-Yr MAR avg 98.12% 2.22% 5-Yr MAR avg 33 -61.62%<br />

Active Listings 80<br />

New Listings 116 New Pendings 101 Closed Listings<br />

2.56% -67.35% -15.94% -30.12% -22.31% -5.61% -29.47% -39.09%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

78 245 138 166 130 107 95 110<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

708 240 -66.10% 397 334 -15.87% 307 319 3.91% 238 219 -7.98%<br />

5-Yr MAR avg 335 -28.40% 5-Yr MAR avg 182 83.11% 5-Yr MAR avg 119 168.52% 5-Yr MAR avg 119 84.34%<br />

67<br />

- 70 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fauquier County 107 $ 672,874 $ 297.60 2,661 34 95.06% $ 2,661<br />

Detached 93 $ 729,049 $ 314.36 2,799 93 94.71% $ 6,809<br />

Bealeton 10 $ 413,321 $ 231.28 2,208 10 1<strong>03</strong>.39% $ 11,537<br />

3 Beds 5 $ 370,862 $ 247.53 1,520 5 105.34% $ 10,972<br />

4 to 5 Beds 5 $ 455,779 $ 215.04 2,896 5 101.86% $ 11,820<br />

Broad Run 1 $ 515,000 $ 268.23 2,545 1 1<strong>03</strong>.00% $ -<br />

3 Beds 1 $ 515,000 $ 268.23 2,545 1 1<strong>03</strong>.00% $ -<br />

Catlett 3 $ 407,000 $ 318.42 1,697 3 1<strong>03</strong>.48% $ -<br />

3 Beds 3 $ 407,000 $ 318.42 1,697 3 1<strong>03</strong>.48% $ -<br />

Hume 1 $ 1,010,000 $ 1,196.68 1,244 1 67.33% $ -<br />

4 to 5 Beds 1 $ 1,010,000 $ 1,196.68 1,244 1 67.33% $ -<br />

Linden 1 $ 499,000 $ 396.<strong>03</strong> 1,680 1 100.00% $ -<br />

2 Beds or less 1 $ 499,000 $ 396.<strong>03</strong> 1,680 1 100.00% $ -<br />

Markham 2 $ 675,000 $ 225.58 4,368 2 98.25% $ -<br />

2 Beds or less 1 $ 665,000 $ 315.76 2,106 1 102.47% $ -<br />

4 to 5 Beds 1 $ 685,000 $ 135.40 6,629 1 94.48% $ -<br />

Marshall 5 $ 1,820,000 $ 456.20 3,158 5 76.99% $ -<br />

3 Beds 2 $ 1,650,000 $ 467.96 1,389 2 52.80% $ -<br />

4 to 5 Beds 2 $ 650,000 $ 246.14 3,264 2 101.96% $ -<br />

6 Beds or more 1 $ 4,500,000 $ 864.55 6,485 1 104.77% $ -<br />

Midland 6 $ 429,833 $ 243.77 2,189 6 102.75% $ 12,000<br />

3 Beds 4 $ 400,500 $ 226.67 2,150 4 105.05% $ 12,000<br />

4 to 5 Beds 2 $ 488,500 $ 277.96 2,267 2 99.19% $ -<br />

Nokesville 1 $ 551,500 $ 320.64 3,420 1 105.05% $ -<br />

3 Beds 1 $ 551,500 $ 320.64 3,420 1 105.05% $ -<br />

Paris 1 $ 545,000 $ 295.71 1,843 1 87.20% $ 2,500<br />

2 Beds or less 1 $ 545,000 $ 295.71 1,843 1 87.20% $ 2,500<br />

Remington 3 $ 294,967 $ 196.68 848 3 97.80% $ 9,998<br />

3 Beds 2 $ 237,500 $ 196.68 1,273 2 95.98% $ 9,998<br />

4 to 5 Beds 1 $ 409,900 $ - 0 1 100.00% $ -<br />

Sumerduck 3 $ 725,000 $ 470.85 2,288 3 89.84% $ 10,400<br />

3 Beds 1 $ 1,280,000 $ 958.08 2,424 1 85.39% $ -<br />

4 to 5 Beds 2 $ 447,500 $ 227.23 2,221 2 97.07% $ 10,400<br />

The Plains 3 $ 3,525,000 $ 1,154.06 4,722 3 94.00% $ -<br />

3 Beds 1 $ 1,175,000 $ 322.98 3,878 1 94.00% $ -<br />

4 to 5 Beds 1 $ 6,650,000 $ 726.93 9,148 1 91.72% $ -<br />

6 Beds or more 1 $ 2,750,000 $ 2,412.28 1,140 1 100.00% $ -<br />

Warrenton 53 $ 616,283 $ 260.39 3,041 53 100.56% $ 4,625<br />

2 Beds or less 1 $ 309,500 $ 252.04 1,228 1 100.00% $ 7,500<br />

3 Beds 17 $ 440,872 $ 282.90 1,768 17 102.87% $ 7,162<br />

4 to 5 Beds 33 $ 623,293 $ 242.38 3,609 33 100.70% $ 3,489<br />

6 Beds or more 2 $ 2,145,000 $ 381.75 5,390 2 96.19% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 71 -


FAUQUIER COUNTY TOWNHOMES<br />

fs<br />

UNITS<br />

16<br />

FAUQUIER COUNTY TOWNHOMES<br />

Listings to Median Sale Price<br />

Over 5 Years<br />

Avg <strong>of</strong> Med Sold Price Active New Pending Closed<br />

VALUE<br />

350000<br />

14<br />

300000<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

250000<br />

200000<br />

150000<br />

100000<br />

50000<br />

Avg Months<br />

Supply <strong>of</strong> Inv<br />

0.25<br />

0.00% -75.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

0.25 1.00<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

0.75 0.25 -66.67%<br />

5-Yr MAR avg 0.95 -73.62%<br />

0<br />

0<br />

Median Sale to<br />

Median Days on<br />

Median Sale Price $288,000 Avg Concession $0<br />

100.80%<br />

Orig List Price<br />

<strong>Market</strong><br />

4<br />

-7.10% 6.27% -100.00% -100.00%<br />

0.10% 0.80% -20.00% -90.48%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

$310,000 $271,000 $4,333 $5,<strong>03</strong>1 100.70% 100.00%<br />

5 42<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

$271,083 $290,667 7.22% $5,<strong>03</strong>1 $0 -100.00% 99.20% 100.87% 1.68% 22 5 -77.27%<br />

5-Yr MAR avg $259,490 12.01% MAR % w/ Con 50.00% 0.00% -100.00% 5-Yr MAR avg 98.40% 2.51% 5-Yr MAR avg 29 -82.64%<br />

Active Listings 2<br />

New Listings 7 New Pendings 6 Closed Listings<br />

0.00% -75.00% -46.15% -36.36% -50.00% -25.00% -36.36%<br />

0.00%<br />

MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />

2 8 13 11 12 8 11 7<br />

YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />

18 6 -66.67% 22 34 54.55% 22 30 36.36% 23 23 0.00%<br />

5-Yr MAR avg 6 -6.25% 5-Yr MAR avg 10 254.17% 5-Yr MAR avg 10 212.50% 5-Yr MAR avg 10 139.58%<br />

7<br />

- 72 - <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong>


Avg Close Avg Avg Finished<br />

Avg Sale to Avg<br />

<strong>March</strong> <strong>2021</strong><br />

Homes Sold<br />

Avg DOM<br />

Price Price/SqFt SQFT<br />

OLP Ratio Concessions<br />

Fauquier County 107 $ 672,874 $ 297.60 2,661 34 95.06% $ 2,661<br />

Townhome 12 $ 305,083 $ 191.57 1,795 12 100.97% $ -<br />

Bealeton 5 $ 325,000 $ 184.69 1,867 5 1<strong>03</strong>.17% $ -<br />

3 Beds 5 $ 325,000 $ 184.69 1,867 5 1<strong>03</strong>.17% $ -<br />

Marshall 1 $ 210,000 $ 169.35 1,240 1 100.00% $ -<br />

3 Beds 1 $ 210,000 $ 169.35 1,240 1 100.00% $ -<br />

Warrenton 6 $ 304,333 $ 201.01 1,827 6 99.19% $ -<br />

2 Beds or less 2 $ 298,000 $ 223.26 1,344 2 98.53% $ -<br />

3 Beds 3 $ 310,000 $ 211.15 1,965 3 100.98% $ -<br />

4 to 5 Beds 1 $ 300,000 $ 126.05 2,380 1 95.24% $ -<br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 73 -


<strong>Michele</strong> <strong>Hudnall</strong><br />

<strong>Market</strong> Mentor - <strong>Real</strong>tor - <strong>Market</strong> Strategy<br />

Deep Roots for Smart Moves!<br />

Your <strong>Market</strong> Mentor with Deep Roots in <strong>Northern</strong> <strong>Virginia</strong> for Smart Moves in Finding Home!<br />

Technology and Go-to-<strong>Market</strong> Strategy is my passion, let us put it to use for your real estate<br />

moves!<br />

<strong>Northern</strong> <strong>Virginia</strong> area has always been home for me and has much to <strong>of</strong>fer as your lifestyle<br />

requirements move forward. My consultative background in market analysis, go-to-market<br />

strategy and leading change for the technology companies is what I bring to my clients for<br />

their real estate transactions.<br />

My mission is to help you with the service, technology, and marketing strategy you should<br />

expect and demand from a <strong>Real</strong>tor. Therefore, I am partnered with the best in the industry -<br />

Keller Williams <strong>Real</strong>ty. The real estate market is evolving technically which is extremely<br />

exciting and I am applying technology and marketing strategy for clients.<br />

As I have watched <strong>Northern</strong> <strong>Virginia</strong> grow and evolve, I am also a Purple Bleeding, James<br />

Madison University alumni, hometown sports fan, foodie and a fitness fanatic who is here to<br />

serve you in making your next move!<br />

<strong>Michele</strong> <strong>Hudnall</strong><br />

<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> <strong>Northern</strong> <strong>Virginia</strong><br />

License #0225241222<br />

(7<strong>03</strong>) 867-3436<br />

michele@realestate<strong>of</strong>nva.com<br />

calendly.com/mhudnall<br />

realestate<strong>of</strong>nva.com<br />

@<strong>Real</strong><strong>Estate</strong>OfNVA


.<br />

r e a l e s t a t e o f n v a . c o m<br />

KW Reston<br />

License Number: #0226007362<br />

Office: (7<strong>03</strong>) 679-1700<br />

11700 Plaza America Drive; Suite 150<br />

Reston, VA 20190<br />

The data used in this report comes from the MLS (Bright) with opinions provided being solely my own.<br />

Copyright <strong>2021</strong> <strong>Real</strong> <strong>Estate</strong> <strong>of</strong> <strong>Northern</strong> <strong>Virginia</strong> | <strong>Michele</strong> <strong>Hudnall</strong> – Do not reproduce without permission.

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