Market Absorption Rates for Northern Virginia in November
-
Upload
coldwell-banker-fairfax -
Category
Real Estate
-
view
271 -
download
0
description
Transcript of Market Absorption Rates for Northern Virginia in November
![Page 1: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/1.jpg)
Market Absorption
Virginia
![Page 2: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/2.jpg)
Local Market UpdateNovember 2011
Northern Virginia Available UC Abs Rate
< $100,000 23 21 1.10
$100,000–$199,999 198 101 1.96
$200,000-$299,999 504 220 2.29
$300,000-$399,999 598 264 2.27
$400,000-$499,999 501 135 3.71
$500,000-$599,999 418 129 3.24
$600,000-$699,999 290 70 4.14Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. December 14, 2011
![Page 3: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/3.jpg)
Local Market UpdateNovember 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 236 38 6.21
$800,000-$899,999 154 37 4.16
$900,000-$999,999 98 15 6.53
$1M -$1.49M 291 26 11.19
$1.5M -2.49 208 14 14.86
$2.5 million + 115 4 28.75
Overall 3,634 1,074 4.38Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. December 14, 2011
![Page 4: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/4.jpg)
No VA Stats
Avg. SP- +0.64%
Units Sold- -15.87%
DOM- +10.17% to 65 days
Source: MRIS, Inc. December 14, 2011
![Page 5: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/5.jpg)
Local Market Update November 2011
PW & Loudoun Available UC Abs Rate
< $100,000 19 16 1.19
$100,000–$199,999 197 174 1.13
$200,000-$299,999 492 227 2.17
$300,000-$399,999 503 147 3.42
$400,000-$499,999 477 87 5.48
$500,000-$599,999 338 50 6.76
$600,000-$699,999 200 28 7.14Source: MRIS, Inc. December 14, 2011
![Page 6: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/6.jpg)
Local Market UpdateNovember 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 110 14 7.86
$800,000-$899,999 66 1 66.00
$900,000-$999,999 41 2 20.50
$1M -$1.49M 80 2 40.00
$1.5M -2.49 41 0 0
$2.5 million + 36 0 0
Overall 2,600 748 3.48Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. December 14, 2011
![Page 7: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/7.jpg)
Local Market Update
No. VA Current Nov 2010 VarAvailable 3,613 4,474 -19%
UC Last 30 Days 1,025 1,478 -31%
Sold Last 30 Days 1,210 1,336 -9%
Absorption Rate 3.52 3.03As of December 14, 2011
SELLERS
MARKET
![Page 8: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/8.jpg)
Local Market Update
Fairfax Co. Current Nov 2010 VarAvailable 2,592 3,082 -16%
UC Last 30 Days 787 1,092 -28%
Sold Last 30 Days 864 968 -11%
Absorption Rate 3.29 2.82As of December 14, 2011
SELLERS
MARKET
![Page 9: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/9.jpg)
Fairfax Co. Stats
Avg. SP- +1.87%
Units Sold- -13.12%
DOM- 0% to 61 days
Source: MRIS, Inc. December 14, 2011
![Page 10: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/10.jpg)
Local Market Update
Alexandria City Current Nov 2010 VarAvailable 401 625 -36%
UC Last 30 Days 103 146 -29%
Sold Last 30 Days 150 155 -3%
Absorption Rate 3.89 4.28As of December 14, 2011
SELLERS
MARKET
![Page 11: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/11.jpg)
Local Market Update
Arlington Co. Current Nov 2010 VarAvailable 529 653 -19%
UC Last 30 Days 109 212 -49%
Sold Last 30 Days 166 177 -6%
Absorption Rate 4.85 3.08As of December 14, 2011
SELLERS
MARKET
![Page 12: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/12.jpg)
Local Market Update
Fairfax Current Nov 2010 VarAvailable 333 427 -22%
UC Last 30 Days 121 140 -14%
Sold Last 30 Days 115 115 0%
Absorption Rate 2.75 3.05As of December 14, 2011
SELLERS
MARKET
![Page 13: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/13.jpg)
Local Market Update
Fairfax Station Current Nov 2010 VarAvailable 61 56 +9%
UC Last 30 Days 13 12 +8%
Sold Last 30 Days 9 16 -44%
Absorption Rate 4.69 4.67As of December 14, 2011
SELLERS
MARKET
![Page 14: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/14.jpg)
Local Market Update
Clifton Current Nov 2010 VarAvailable 59 56 +5%
UC Last 30 Days 7 12 -42%
Sold Last 30 Days 9 12 -25%
Absorption Rate 8.43 4.67As of December 14, 2011
SELLERS
MARKET
![Page 15: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/15.jpg)
Local Market Update
Herndon Current Nov 2010 VarAvailable 97 119 -18%
UC Last 30 Days 55 70 -21%
Sold Last 30 Days 62 64 -3%
Absorption Rate 1.76 1.70As of December 14, 2011
SELLERS
MARKET
![Page 16: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/16.jpg)
Local Market Update
Sterling Current Nov 2010 VarAvailable 162 207 -22%
UC Last 30 Days 81 103 -21%
Sold Last 30 Days 74 109 -32%
Absorption Rate 2.00 2.01As of December 14, 2011
SELLERS
MARKET
![Page 17: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/17.jpg)
Local Market Update
Vienna/ Oakton Current Nov 2010 VarAvailable 250 291 -14%
UC Last 30 Days 49 71 -31%
Sold Last 30 Days 69 79 -13%
Absorption Rate 5.10 4.10As of December 14, 2011
![Page 18: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/18.jpg)
Local Market Update
Ashburn Current Nov 2010 VarAvailable 162 311 -48%
UC Last 30 Days 81 83 -2%
Sold Last 30 Days 74 98 -24%
Absorption Rate 2.00 3.75As of December 14, 2011
SELLERS
MARKET
![Page 19: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/19.jpg)
Local Market Update
Reston Current Nov 2010 VarAvailable 138 177 -22%
UC Last 30 Days 40 97 -59%
Sold Last 30 Days 61 68 -10%
Absorption Rate 3.45 1.82As of December 14, 2011
SELLERS
MARKET
![Page 20: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/20.jpg)
Local Market Update
Centreville Current Nov 2010 VarAvailable 133 166 -20%
UC Last 30 Days 67 96 -30%
Sold Last 30 Days 74 74 0%
Absorption Rate 1.99 1.73As of December 14, 2011
SELLERS
MARKET
![Page 21: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/21.jpg)
Local Market Update
DC Current Nov 2010 VarAvailable 1,879 2,631 -23%
UC Last 30 Days 423 497 -11%
Sold Last 30 Days 457 494 -14%
Absorption Rate 4.44 5.29As of December 14, 2011
SELLERS
MARKET
![Page 22: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/22.jpg)
Local Market Update
Prince William Current Nov 2010 VarAvailable 1,235 1,518 -19%
UC Last 30 Days 412 540 -24%
Sold Last 30 Days 386 479 -19%
Absorption Rate 3.00 2.81As of December 14, 2011
SELLERS
MARKET
![Page 23: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/23.jpg)
Local Market Update
Loudoun Co. Current Nov 2010 VarAvailable 1,359 1,475 -4%
UC Last 30 Days 315 368 -20%
Sold Last 30 Days 312 381 -16%
Absorption Rate 4.31 4.01As of December 14, 2011
SELLERS
MARKET
![Page 24: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/24.jpg)
Local Market Update
GPAAR Current Nov 2010 VarAvailable 1,324 1,273 +4%
UC Last 30 Days 138 157 -12%
Sold Last 30 Days 129 172 -25%
Absorption Rate 9.59 8.11As of December 14, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
![Page 25: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/25.jpg)
Local Market Update
BRAR Current Nov 2010 VarAvailable 1,026 1,298 -20%
UC Last 30 Days 77 155 -50%
Sold Last 30 Days 137 140 -2%
Absorption Rate 13.32 8.37As of December 14, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
![Page 26: Market Absorption Rates for Northern Virginia in November](https://reader035.fdocuments.net/reader035/viewer/2022070315/554df709b4c905ee578b559d/html5/thumbnails/26.jpg)
Local Market Update
FAAR Current Nov 2010 VarAvailable 1,450 1,950 -26%
UC Last 30 Days 331 345 -4%
Sold Last 30 Days 286 281 +2%
Absorption Rate 4.38 5.65As of December 14, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET