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.
- TAGS
- fauquier-county-real-estate
- prince-william-real-estate
- loudoun-county-real-estate
- fairfax-county-real-estate
- arlington-real-estate
- alexandria-real-estate
- fairfax-real-estate
- falls-church-real-estate
- manassas-real-estate
- best-northern-virginia-realtor
- you-northern-virginia-realto
- northern-virginia-home-trends
- norther-virginia-home-prices
- real-estate-of-nva
- nva-real-estate-trends
- nova-real-estate-trends
- northern-virginia-real-estate
- michele-hudnall
- realestatofnva
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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>
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