northern va market absorption rates for june 2011
TRANSCRIPT
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Market Absorption
Virginia
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Local Market UpdateJune 2011
Northern Virginia Available UC Abs Rate
< $100,000 30 8 3.75
$100,000–$199,999 214 123 1.74
$200,000-$299,999 572 258 2.21
$300,000-$399,999 810 267 3.03
$400,000-$499,999 702 224 3.13
$500,000-$599,999 655 175 3.74
$600,000-$699,999 436 112 3.89Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. July 18, 2011
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Local Market UpdateJune 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 356 77 4.62
$800,000-$899,999 238 53 4.49
$900,000-$999,999 154 27 5.70
$1M -$1.49M 422 61 6.91
$1.5M -2.49 254 24 10.58
$2.5 million + 150 4 37.50
Overall 4,993 1,413 3.53Absorption 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. July 18, 2011
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No VA Stats
Avg. SP- +8.25%
Units Sold- -18.03%
DOM- +24.39% to 51 days
Source: MRIS, Inc. June 16, 2011
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Local Market UpdateJune 2011
PW & Loudoun Available UC Abs Rate
< $100,000 22 12 1.83
$100,000–$199,999 201 193 2.16
$200,000-$299,999 573 267 2.14
$300,000-$399,999 644 192 3.35
$400,000-$499,999 573 145 3.95
$500,000-$599,999 448 76 5.89
$600,000-$699,999 262 40 6.55Source: MRIS, Inc. July 18, 2011
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Local Market UpdateJune 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 151 16 9.43
$800,000-$899,999 105 15 7.00
$900,000-$999,999 54 2 27.00
$1M -$1.49M 110 6 18.33
$1.5M -2.49 58 0 0
$2.5 million + 33 0 0
Overall 3,234 964 3.35Absorption 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. July 18, 2011
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Local Market Update
No. VA Current June 2010 VarAvailable 4,994 5,177 -3.5%
UC Last 30 Days 1,418 1,690 -16%
Sold Last 30 Days 2,001 2,296 -13%
Absorption Rate 3.52 3.06As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Co. Current June 2010 VarAvailable 3,603 3,647 -1.2%
UC Last 30 Days 1,041 1,256 -17%
Sold Last 30 Days 1,460 1,680 -13%
Absorption Rate 3.46 2.90As of July 18, 2011
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- +6.36% ($511,278)
Units Sold- -16.73%
DOM- +7.32% to 44 days
Source: MRIS, Inc. July 18, 2011
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Local Market Update
Alexandria City Current June 2010 VarAvailable 569 637 -11%
UC Last 30 Days 154 161 -4.3%
Sold Last 30 Days 220 234 -5.9%
Absorption Rate 3.69 3.95As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Arlington Co. Current June 2010 VarAvailable 704 777 -9.3%
UC Last 30 Days 186 229 -19%
Sold Last 30 Days 255 318 -20%
Absorption Rate 3.78 3.39As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Current June 2010 VarAvailable 424 460 -7.8%
UC Last 30 Days 107 156 -31%
Sold Last 30 Days 171 237 -28%
Absorption Rate 3.96 2.94As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Station Current June 2010 VarAvailable 89 73 +22%
UC Last 30 Days 19 19 0%
Sold Last 30 Days 20 23 -13%
Absorption Rate 4.68 3.84As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Clifton Current June 2010 VarAvailable 89 70 +27%
UC Last 30 Days 11 17 -35%
Sold Last 30 Days 24 19 +26%
Absorption Rate 8.09 4.11As of July 18, 2011
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Local Market Update
Herndon Current June 2010 VarAvailable 176 188 -6.4%
UC Last 30 Days 82 84 -2%
Sold Last 30 Days 101 111 -9%
Absorption Rate 2.14 2.23As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Sterling Current June 2010 VarAvailable 199 248 -20%
UC Last 30 Days 85 101 -16%
Sold Last 30 Days 120 137 -12%
Absorption Rate 2.34 2.45As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Vienna/ Oakton Current June 2010 VarAvailable 343 347 -1%
UC Last 30 Days 76 106 -28%
Sold Last 30 Days 131 169 -22%
Absorption Rate 4.51 3.27As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Ashburn Current June 2010 VarAvailable 354 342 +3%
UC Last 30 Days 116 107 +8%
Sold Last 30 Days 170 155 +10%
Absorption Rate 3.05 3.19As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Reston Current June 2010 VarAvailable 177 250 -29%
UC Last 30 Days 60 104 -42%
Sold Last 30 Days 104 125 -17%
Absorption Rate 2.95 2.40As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Centreville Current June 2010 VarAvailable 181 170 +6%
UC Last 30 Days 81 79 +2.5%
Sold Last 30 Days 98 110 -11%
Absorption Rate 2.23 2.15As of July 18, 2011
SELLERS
MARKET
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Local Market Update
DC Current June 2010 VarAvailable 2,319 2,804 -17%
UC Last 30 Days 503 605 -17%
Sold Last 30 Days 705 770 -8%
Absorption Rate 4.61 4.63As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Prince William Current June 2010 VarAvailable 1,544 1,431 +7.8%
UC Last 30 Days 569 587 -3%
Sold Last 30 Days 585 784 -25%
Absorption Rate 2.71 2.43As of July 18, 2011
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current June 2010 VarAvailable 1,692 1,681 +.6%
UC Last 30 Days 395 428 -7.7%
Sold Last 30 Days 571 586 -2.6%
Absorption Rate 4.28 3.92As of July 18, 2011
SELLERS
MARKET
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Local Market Update
GPAAR Current June 2010 VarAvailable 1,526 1,484 +3%
UC Last 30 Days 169 150 +13%
Sold Last 30 Days 193 215 -10%
Absorption Rate 9.02 9.89As of July 18, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current June 2010 VarAvailable 1,156 1,424 -19%
UC Last 30 Days 156 166 -6%
Sold Last 30 Days 202 222 -9%
Absorption Rate 7.41 8.57As of July 18, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current June 2010 VarAvailable 1,720 2,003 -14%
UC Last 30 Days 393 359 +9%
Sold Last 30 Days 479 539 -11%
Absorption Rate 4.37 5.57As of July 18, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET