november stats
TRANSCRIPT
Market Absorption
Virginia
Local Market UpdateNovember 2010
Northern Virginia Available UC Abs Rate
< $100,000 40 31 1.29
$100,000–$199,999 393 154 2.55
$200,000-$299,999 667 223 2.99
$300,000-$399,999 702 252 2.78
$400,000-$499,999 588 190 3.09
$500,000-$599,999 421 124 3.39
$600,000-$699,999 319 86 3.71Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. November 13, 2010
Local Market UpdateNovember 2010
Northern Virginia Available UC Abs Rate
$700,000-$799,999 215 54 3.98
$800,000-$899,999 197 41 4.80
$900,000-$999,999 122 20 6.10
$1M -$1.49M 318 23 13.82
$1.5M -2.49 205 16 12.81
$2.5 million + 100 2 50
Overall 4,287 1,216 3.52Absorption 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. November 13, 2010
No VA Stats
Avg. SP- +9.66%
Units Sold- -19.59%
DOM- +26% to 63 days
Local Market UpdateNovember 2010
PW & Loudoun Available UC Abs Rate
< $100,000 17 12 1.41
$100,000–$199,999 417 233 1.78
$200,000-$299,999 600 230 2.60
$300,000-$399,999 568 162 3.50
$400,000-$499,999 444 87 5.10
$500,000-$599,999 317 38 8.34
$600,000-$699,999 178 20 8.90Source: MRIS, Inc. November 13, 2010
Local Market UpdateNovember 2010
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 120 10 12.00
$800,000-$899,999 75 7 10.71
$900,000-$999,999 59 4 14.75
$1M -$1.49M 91 0
$1.5M -2.49 40 0
$2.5 million + 33 0
Overall 2,959 803 3.68Absorption 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. November 13, 2010
Local Market Update
No. VA Current Oct 2009 VarAvailable 4,285 6,067 -29%
UC Last 30 Days 1,217 1,534 -20%
Sold Last 30 Days 1,273 1,567 -18%
Absorption Rate 3.52 3.95As of November 13, 2010
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Nov 2009 VarAvailable 2,953 4,508 -34%
UC Last 30 Days 900 1,149 -22%
Sold Last 30 Days 919 1,129 -19%
Absorption Rate 3.28 3.92As of November 13, 2010
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +11.32%
Units Sold- -18.15%
DOM- +29.17% to 62 days
Local Market Update
Alexandria City Current Nov 2009 VarAvailable 612 624 -2%
UC Last 30 Days 121 136 -11%
Sold Last 30 Days 151 182 -17%
Absorption Rate 5.05 4.58As of November 13, 2010
Local Market Update
Arlington Co. Current Nov 2009 VarAvailable 620 803 -22%
UC Last 30 Days 174 213 -52%
Sold Last 30 Days 170 234 -11%
Absorption Rate 3.56 3.76As of November 13, 2010
SELLERS
MARKET
Local Market Update
Clifton Current Nov 2009 VarAvailable 57 70 -18%
UC Last 30 Days 12 13 -7%
Sold Last 30 Days 12 17 -29%
Absorption Rate 4.75 5.38As of November 13, 2010
SELLERS
MARKET
Local Market Update
Herndon Current Nov 2009 VarAvailable 117 294 -60%
UC Last 30 Days 52 84 -38%
Sold Last 30 Days 62 56 +10%
Absorption Rate 2.25 3.50As of November 13, 2010
SELLERS
MARKET
Local Market Update
Sterling Current Nov 2009 VarAvailable 211 427 -50%
UC Last 30 Days 90 98 -8%
Sold Last 30 Days 104 99 +5%
Absorption Rate 2.34 4.35As of November 13, 2010
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Nov 2009 VarAvailable 279 342 -18%
UC Last 30 Days 64 77 -17%
Sold Last 30 Days 74 72 +3%
Absorption Rate 4.35 4.44As of November 13, 2010
SELLERS
MARKET
Local Market Update
Ashburn Current Nov 2009 VarAvailable 300 368 -18%
UC Last 30 Days 68 87 -22%
Sold Last 30 Days 87 111 -22%
Absorption Rate 4.41 4.22As of November 13, 2010
SELLERS
MARKET
Local Market Update
Reston Current Nov 2009 VarAvailable 158 301 -47%
UC Last 30 Days 72 81 -11%
Sold Last 30 Days 66 91 -27%
Absorption Rate 2.19 3.71As of November 13, 2010
SELLERS
MARKET
Local Market Update
Centreville Current Nov 2009 VarAvailable 160 332 -51%
UC Last 30 Days 86 115 -25%
Sold Last 30 Days 68 98 -30%
Absorption Rate 1.86 2.88As of November 13, 2010
SELLERS
MARKET
Local Market Update
DC Current Nov 2009 VarAvailable 2,595 2,982 -13%
UC Last 30 Days 439 544 -19%
Sold Last 30 Days 468 619 -24%
Absorption Rate 5.91 5.48As of November 13, 2010
Local Market Update
Prince William Current Nov 2009 VarAvailable 1,512 2,439 -38%
UC Last 30 Days 493 655 -24%
Sold Last 30 Days 435 574 -24%
Absorption Rate 3.06 3.72As of November 13, 2010
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Nov 2009 VarAvailable 1,444 1,962 -26%
UC Last 30 Days 310 402 -23%
Sold Last 30 Days 357 397 -10%
Absorption Rate 4.65 4.88As of November 13, 2010
SELLERS
MARKET
Local Market Update
GPAAR Current Nov 2009 VarAvailable 1,421 1,558 -9%
UC Last 30 Days 143 138 +4%
Sold Last 30 Days 152 148 +3%
Absorption Rate 9.93 11.28As of November 13, 2010
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Nov 2009 VarAvailable 1,287 1,379 -7%
UC Last 30 Days 139 153 -9%
Sold Last 30 Days 134 170 -21%
Absorption Rate 9.25 9.01As of November 13, 2010
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Nov 2009 VarAvailable 1,974 2,367 -16%
UC Last 30 Days 309 356 -13%
Sold Last 30 Days 258 309 -16%
Absorption Rate 6.38 6.64As of November 13, 2010
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties