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Market Absorptio n Virginia
| Date post: | 09-May-2015 |
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Real Estate |
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Market Absorption
Virginia
Local Market UpdateFebruary 2011
Northern Virginia Available UC Abs Rate
< $100,000 42 26 1.61
$100,000–$199,999 239 144 1.66
$200,000-$299,999 485 293 1.65
$300,000-$399,999 623 276 2.25
$400,000-$499,999 491 190 2.58
$500,000-$599,999 435 123 3.53
$600,000-$699,999 295 84 3.51Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. March 14, 2011
Local Market UpdateFebruary 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 224 67 3.34
$800,000-$899,999 183 46 3.97
$900,000-$999,999 144 29 4.96
$1M -$1.49M 302 32 9.43
$1.5M -2.49 213 7 30.43
$2.5 million + 121 4 30.25
Overall 3,797 1,321 2.87Absorption 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. March 14, 2011
No VA Stats
Avg. SP- +7.78%
Units Sold- -8.37%
DOM- +47.06% to 75 days
Source: MRIS, Inc. March 14, 2011
Local Market UpdateFebruary 2011
PW & Loudoun Available UC Abs Rate
< $100,000 7 15 .46
$100,000–$199,999 279 260 1.07
$200,000-$299,999 485 243 1.99
$300,000-$399,999 529 189 2.79
$400,000-$499,999 436 93 4.68
$500,000-$599,999 337 63 5.35
$600,000-$699,999 215 27 7.96Source: MRIS, Inc. March 14, 2011
Local Market UpdateFebruary 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 125 17 7.35
$800,000-$899,999 84 7 12.00
$900,000-$999,999 56 6 9.33
$1M -$1.49M 80 6 13.33
$1.5M -2.49 48 0 0
$2.5 million + 26 2 13.00
Overall 2,707 928 3.91Absorption 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. March 14, 2011
Local Market Update
No. VA Current Feb 2010 VarAvailable 3,799 3,645 +4%
UC Last 30 Days 1,322 1,326 -.3%
Sold Last 30 Days 1,050 1,077 -3%
Absorption Rate 2.87 2.74As of March 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Feb 2010 VarAvailable 2,643 2,479 +7%
UC Last 30 Days 1,006 967 +4%
Sold Last 30 Days 746 805 -7%
Absorption Rate 2.62 2.56As of March 14, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +6.65%
Units Sold- -10.43%
DOM- +48.08% to 77days
Source: MRIS, Inc. March 14, 2011
Local Market Update
Alexandria City Current Feb 2010 VarAvailable 511 479 +7%
UC Last 30 Days 130 148 -12%
Sold Last 30 Days 143 113 +26%
Absorption Rate 3.93 3.23As of March 14, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Feb 2010 VarAvailable 557 595 -6%
UC Last 30 Days 158 181 -13%
Sold Last 30 Days 137 140 -2%
Absorption Rate 3.52 3.28As of March 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current Feb 2010 VarAvailable 277 321 -14%
UC Last 30 Days 95 134 -29%
Sold Last 30 Days 64 247 -74%
Absorption Rate 2.91 2.39As of March 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current Feb 2010 VarAvailable 46 36 +28%
UC Last 30 Days 11 4 +175%
Sold Last 30 Days 6 5 +20%
Absorption Rate 4.18 9As of March 14, 2011
SELLERS
MARKET
Local Market Update
Clifton Current Feb 2010 VarAvailable 56 46 +22%
UC Last 30 Days 21 16 +31%
Sold Last 30 Days 6 10 -40%
Absorption Rate 2.66 2.87As of March 14, 2011
SELLERS
MARKET
Local Market Update
Herndon Current Feb 2010 VarAvailable 127 122 +4%
UC Last 30 Days 46 61 -25%
Sold Last 30 Days 56 58 -3%
Absorption Rate 2.76 2.00As of March 14, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Feb 2010 VarAvailable 146 157 -7%
UC Last 30 Days 103 93 +11%
Sold Last 30 Days 73 65 +12%
Absorption Rate 1.41 1.68As of March 14, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Feb 2010 VarAvailable 238 215 +11%
UC Last 30 Days 66 76 -13%
Sold Last 30 Days 53 54 -2%
Absorption Rate 3.60 2.82As of March 14, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current Feb 2010 VarAvailable 288 241 +20%
UC Last 30 Days 98 113 -13%
Sold Last 30 Days 74 79 -6%
Absorption Rate 2.94 2.13As of March 14, 2011
SELLERS
MARKET
Local Market Update
Reston Current Feb 2010 VarAvailable 64 201 -68%
UC Last 30 Days 36 89 -60%
Sold Last 30 Days 29 69 -58%
Absorption Rate 1.79 2.26As of March 14, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Feb 2010 VarAvailable 124 116 +7%
UC Last 30 Days 89 79 +13%
Sold Last 30 Days 58 49 +18%
Absorption Rate 1.39 1.46As of March 14, 2011
SELLERS
MARKET
Local Market Update
DC Current Feb 2010 VarAvailable 2,262 2,349 -4%
UC Last 30 Days 429 454 -6%
Sold Last 30 Days 381 369 +3%
Absorption Rate 5.27 5.17As of March 14, 2011
Local Market Update
Prince William Current Feb 2010 VarAvailable 1,351 1,203 +12%
UC Last 30 Days 547 480 +10%
Sold Last 30 Days 369 419 -33%
Absorption Rate 2.46 2.50As of March 14, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Feb 2010 VarAvailable 1,357 1,190 +14%
UC Last 30 Days 383 395 -3%
Sold Last 30 Days 282 273 +3%
Absorption Rate 3.54 3.01As of March 14, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current Feb 2010 VarAvailable 1,301 1,179 +10%
UC Last 30 Days 174 136 +28%
Sold Last 30 Days 107 102 +5%
Absorption Rate 7.47 8.67As of March 14, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Feb 2010 VarAvailable 1,145 1,117 +2.5%
UC Last 30 Days 137 139 -1%
Sold Last 30 Days 115 130 -12%
Absorption Rate 8.35 8.03As of March 14, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Feb 2010 VarAvailable 1,783 1,766 +1%
UC Last 30 Days 420 375 +12%
Sold Last 30 Days 280 266 +5%
Absorption Rate 4.24 4.79As of March 14, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET
