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