Northern Virginia Market Absorption Rates for July 2011
26
Market Absorptio n Virginia
-
Upload
coldwell-banker-fairfax -
Category
Real Estate
-
view
235 -
download
0
description
Market absorption rates for Northern Virginia, DC, and counties out to Front Royal and Spotsylvania
Transcript of Northern Virginia Market Absorption Rates for July 2011
Market Absorption
Virginia
Local Market UpdateJuly 2011
Northern Virginia Available UC Abs Rate
< $100,000 31 15 3.75
$100,000–$199,999 212 126 1.74
$200,000-$299,999 552 240 2.21
$300,000-$399,999 775 274 3.03
$400,000-$499,999 677 198 3.13
$500,000-$599,999 641 165 3.74
$600,000-$699,999 428 91 3.89Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. August 15, 2011
Local Market UpdateJuly 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 370 63 4.62
$800,000-$899,999 196 54 4.49
$900,000-$999,999 146 22 5.70
$1M -$1.49M 407 44 6.91
$1.5M -2.49 252 17 10.58
$2.5 million + 138 5 37.50
Overall 4,825 1,314 3.67Absorption 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. August 15, 2011
No VA Stats
Avg. SP- -.22%
Units Sold- +.17%
DOM- +4.17% to 50 days
Source: MRIS, Inc. August 15, 2011
Local Market UpdateJuly 2011
PW & Loudoun Available UC Abs Rate
< $100,000 17 11 1.54
$100,000–$199,999 200 172 1.16
$200,000-$299,999 597 228 2.61
$300,000-$399,999 633 168 3.76
$400,000-$499,999 556 110 5.05
$500,000-$599,999 454 69 6.57
$600,000-$699,999 267 29 9.20Source: MRIS, Inc. August 15, 2011
Local Market UpdateJuly 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 146 16 9.12
$800,000-$899,999 87 6 14.50
$900,000-$999,999 60 2 30.00
$1M -$1.49M 103 3 34.33
$1.5M -2.49 50 0 0
$2.5 million + 33 0 0
Overall 3,203 814 3.93Absorption 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. August 15, 2011
Local Market Update
No. VA Current July 2010 VarAvailable 4,830 5,312 -9%
UC Last 30 Days 1,316 1,544 -15%
Sold Last 30 Days 1,737 1,741 -.2%
Absorption Rate 3.67 3.44As of August 15, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current July 2010 VarAvailable 3,513 3,722 -6%
UC Last 30 Days 1,018 1,161 -12%
Sold Last 30 Days 1,248 1,284 -3%
Absorption Rate 3.45 3.20As of August 15, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- -3.25%
Units Sold- -3.12%
DOM- -4.26% to 45 days
Source: MRIS, Inc. August 15, 2011
Local Market Update
Alexandria City Current July 2010 VarAvailable 522 661 -21%
UC Last 30 Days 119 134 -11%
Sold Last 30 Days 186 178 +4%
Absorption Rate 4.38 4.93As of August 15, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current July 2010 VarAvailable 691 772 -10%
UC Last 30 Days 145 205 -29%
Sold Last 30 Days 247 227 +9%
Absorption Rate 4.76 3.76As of August 15, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current July 2010 VarAvailable 384 505 -24%
UC Last 30 Days 138 158 -13%
Sold Last 30 Days 144 161 -11%
Absorption Rate 2.78 3.19As of August 15, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current July 2010 VarAvailable 84 71 +18%
UC Last 30 Days 17 14 +21%
Sold Last 30 Days 22 22 0%
Absorption Rate 4.94 5.07As of August 15, 2011
SELLERS
MARKET
Local Market Update
Clifton Current July 2010 VarAvailable 78 70 +11%
UC Last 30 Days 13 26 -50%
Sold Last 30 Days 14 20 -30%
Absorption Rate 6.00 2.69As of August 15, 2011
Local Market Update
Herndon Current July 2010 VarAvailable 159 186 -15%
UC Last 30 Days 70 79 -11%
Sold Last 30 Days 77 87 -11%
Absorption Rate 2.27 2.35As of August 15, 2011
SELLERS
MARKET
Local Market Update
Sterling Current July 2010 VarAvailable 208 264 -21%
UC Last 30 Days 69 97 -29%
Sold Last 30 Days 115 93 +24%
Absorption Rate 3.01 2.72As of August 15, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current July 2010 VarAvailable 317 333 -5%
UC Last 30 Days 80 94 -15%
Sold Last 30 Days 109 116 -6%
Absorption Rate 3.96 3.54As of August 15, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current July 2010 VarAvailable 358 337 +6%
UC Last 30 Days 89 117 -24%
Sold Last 30 Days 124 99 +25%
Absorption Rate 4.02 2.88As of August 15, 2011
SELLERS
MARKET
Local Market Update
Reston Current July 2010 VarAvailable 178 251 -29%
UC Last 30 Days 59 78 -24%
Sold Last 30 Days 87 102 -15%
Absorption Rate 3.01 3.21As of August 15, 2011
SELLERS
MARKET
Local Market Update
Centreville Current July 2010 VarAvailable 176 160 +10%
UC Last 30 Days 75 83 -10%
Sold Last 30 Days 99 82 +20%
Absorption Rate 2.23 2.15As of August 15, 2011
SELLERS
MARKET
Local Market Update
DC Current July 2010 VarAvailable 2,183 2,669 -18%
UC Last 30 Days 473 531 -11%
Sold Last 30 Days 595 563 -6%
Absorption Rate 4.61 5.03As of August 15, 2011
SELLERS
MARKET
Local Market Update
Prince William Current July 2010 VarAvailable 1,541 1,595 -3%
UC Last 30 Days 486 513 -5%
Sold Last 30 Days 569 575 -1%
Absorption Rate 3.17 3.10As of August 15, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current July 2010 VarAvailable 1,671 1,665 +.3%
UC Last 30 Days 335 412 -19%
Sold Last 30 Days 459 408 +13%
Absorption Rate 4.98 4.04As of August 15, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current July 2010 VarAvailable 1,533 1,452 +5%
UC Last 30 Days 159 186 -14%
Sold Last 30 Days 159 150 +6%
Absorption Rate 9.64 7.80As of August 15, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current July 2010 VarAvailable 1,144 1,400 -18%
UC Last 30 Days 178 191 -7%
Sold Last 30 Days 164 181 -9%
Absorption Rate 6.42 7.32As of August 15, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current July 2010 VarAvailable 1,716 2,097 -18%
UC Last 30 Days 371 374 -.8%
Sold Last 30 Days 382 365 +4.6%
Absorption Rate 4.62 5.60As of August 15, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET
