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Market Absorptio
nNorthern Virginia
& DC
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Local Market UpdateFebruary 2013
Northern Virginia Available UC Abs Rate
< $100,000 12 7 1.71
$100,000–$199,999 75 120 .63
$200,000-$299,999 208 246 .85
$300,000-$399,999 236 337 .70
$400,000-$499,999 253 275 .92$500,000-$599,999 241 204 1.18$600,000-$699,999 171 143 1.20
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. March 8, 2013
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Local Market UpdateFebruary 2013
Northern Virginia Available UC Abs Rate
$700,000-$799,999 156 103 1.51
$800,000-$899,999 140 58 2.41
$900,000-$999,999 92 46 2.00
$1M -$1.49M 315 67 4.70
$1.5M -2.49 175 25 7.00$2.5 million + 133 11 12.09Overall 2,207 1,642 1.34
Absorption 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 8, 2013
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No VA Stats
Avg. SP- +8.95%
Units Sold- +5.25%
DOM- -26.67% to 55 days
Source: MRIS, Inc. March 11, 2013
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Local Market UpdateFebruary 2013
PW & Loudoun Available UC Abs Rate
< $100,000 3 6 .50
$100,000–$199,999 50 108 .46
$200,000-$299,999 225 261 .86
$300,000-$399,999 380 277 1.37
$400,000-$499,999 326 211 1.55$500,000-$599,999 257 97 2.65$600,000-$699,999 229 64 3.58
Source: MRIS, Inc. March 8, 2013
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Local Market UpdateFebruary 2013
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 126 22 5.73
$800,000-$899,999 65 15 4.33
$900,000-$999,999 51 8 6.38
$1M -$1.49M 71 7 10.14
$1.5M -2.49 43 0 0$2.5 million + 35 0 0Overall 1,861 1,076 1.73
Absorption 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 8, 2013
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Local Market Update
No. VA Current Feb 2012 VarAvailable 2,213 3,305 -33%
UC Last 30 Days 1,642 1,293 +27%
Sold Last 30 Days 1,116 1,076 +4%
Absorption Rate 1.35 2.56As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Fairfax Co. Current Feb 2012 VarAvailable 1,585 2,325 -32%
UC Last 30 Days 1,165 965 +21%
Sold Last 30 Days 782 757 +3%
Absorption Rate 1.36 2.14As of March 8, 2013
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- +10.23%
Units Sold- +5.03%
DOM- -28.77% to 52 days
Source: MRIS, Inc. March 11, 2013
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Local Market Update
Alexandria City Current Feb 2012 VarAvailable 274 393 -30%
UC Last 30 Days 204 135 +51%
Sold Last 30 Days 142 120 +18%
Absorption Rate 1.34 2.91As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Arlington Co. Current Feb 2012 VarAvailable 304 495 -39%
UC Last 30 Days 227 145 +57%
Sold Last 30 Days 162 174 -7%
Absorption Rate 1.34 3.41As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Fairfax Current Feb 2012 VarAvailable 173 291 -41%
UC Last 30 Days 169 131 +29%
Sold Last 30 Days 116 92 +26%
Absorption Rate 1.02 2.22As of March 8, 2013
SELLERS
MARKET
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Local Market UpdateFairfax Station Current Feb 2012 Var
Available 37 63 -41%
UC Last 30 Days 15 15 0%
Sold Last 30 Days 7 9 -22%
Absorption Rate 2.47 4.20As of March 8, 2013
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Local Market Update
Clifton Current Feb 2012 VarAvailable 43 49 -12%
UC Last 30 Days 19 21 -10%
Sold Last 30 Days 15 9 +67%
Absorption Rate 2.26 2.33As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Herndon Current Feb 2012 VarAvailable 108 105 +3%
UC Last 30 Days 67 52 +29%
Sold Last 30 Days 45 35 +29%
Absorption Rate 1.61 2.02As of March 8, 2013
SELLERS
MARKET
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Local Market UpdateSterling Current Feb 2012 Var
Available 74 131 -44%
UC Last 30 Days 90 93 -3%
Sold Last 30 Days 53 72 -26%
Absorption Rate .82 1.41As of March 8, 2013
SELLERS
MARKET
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Local Market UpdateVienna/ Oakton Current Feb 2012 Var
Available 167 252 -34%
UC Last 30 Days 85 77 +10%
Sold Last 30 Days 57 51 +12%
Absorption Rate 1.96 3.27As of March 8, 2013
SELLERS
MARKET
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Local Market UpdateAshburn Current Feb 2012 Var
Available 224 290 -23%
UC Last 30 Days 147 92 +60%
Sold Last 30 Days 98 74 +32%
Absorption Rate 1.52 3.15As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Reston Current Feb 2012 VarAvailable 87 115 -24%
UC Last 30 Days 91 50 +82%
Sold Last 30 Days 71 68 +4%
Absorption Rate .96 2.30As of March 8, 2013
SELLERS
MARKET
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Local Market UpdateCentreville Current Feb 2012 Var
Available 82 98 -16%
UC Last 30 Days 90 73 +23%
Sold Last 30 Days 49 62 -21%
Absorption Rate .91 1.34As of March 8, 2013
SELLERS
MARKET
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Local Market UpdateDC Current Feb 2012 Var
Available 1,045 1,633 -36%
UC Last 30 Days 590 421 +40%
Sold Last 30 Days 488 425 +15%
Absorption Rate 1.77 3.88As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Prince William Current Feb 2012 VarAvailable 803 1,169 -31%
UC Last 30 Days 573 505 +13%
Sold Last 30 Days 410 415 -1%
Absorption Rate 1.40 2.31As of March 8, 2013
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current Feb 2012 VarAvailable 1,058 1,353 -22%
UC Last 30 Days 503 398 +26%
Sold Last 30 Days 303 290 +4%
Absorption Rate 2.10 3.40As of March 8, 2013
SELLERS
MARKET
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Local Market Update
GPAAR Current Feb 2012 VarAvailable 1,075 1,195 -10%
UC Last 30 Days 224 201 +11%
Sold Last 30 Days 127 141 -10%
Absorption Rate 4.80 5.95As of March 8, 2013
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current Feb 2012 VarAvailable 821 935 -12%
UC Last 30 Days 200 169 +18%
Sold Last 30 Days 132 153 -14%
Absorption Rate 4.11 5.53As of March 8, 2013
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current Feb 2012 VarAvailable 1,312 1,340 -2%
UC Last 30 Days 410 383 +7%
Sold Last 30 Days 282 272 +4%
Absorption Rate 3.20 3.50As of March 8, 2013
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET