march absorption for northern virginia areas
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Market Absorption
Virginia
Local Market UpdateMarch 2011
Northern Virginia Available UC Abs Rate
< $100,000 37 26 1.42
$100,000–$199,999 212 183 1.16
$200,000-$299,999 539 284 1.89
$300,000-$399,999 642 384 1.67
$400,000-$499,999 573 257 2.22
$500,000-$599,999 543 207 2.62
$600,000-$699,999 349 138 2.52Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. April 11, 2011
Local Market UpdateMarch 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 294 112 2.62
$800,000-$899,999 222 58 3.82
$900,000-$999,999 144 39 3.69
$1M -$1.49M 348 62 5.61
$1.5M -2.49 231 15 15.4
$2.5 million + 130 3 43.8
Overall 4,264 1,768 2.41Absorption 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. April 11, 2011
No VA Stats
Avg. SP- +2.77%
Units Sold- -14.46%
DOM- +32.69% to 69 days
Source: MRIS, Inc. April 11, 2011
Local Market UpdateMarch 2011
PW & Loudoun Available UC Abs Rate
< $100,000 15 17 .88
$100,000–$199,999 240 261 .92
$200,000-$299,999 509 308 1.65
$300,000-$399,999 550 230 2.39
$400,000-$499,999 485 156 3.10
$500,000-$599,999 385 87 4.42
$600,000-$699,999 248 38 6.52Source: MRIS, Inc. April 11, 2011
Local Market UpdateMarch 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 149 23 6.47
$800,000-$899,999 102 15 6.80
$900,000-$999,999 67 2 33.5
$1M -$1.49M 95 2 47.5
$1.5M -2.49 53 1 53
$2.5 million + 31 0 0
Overall 2,929 1,140 2.56Absorption 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. April 11, 2011
Local Market Update
No. VA Current Mar 2010 VarAvailable 4,266 4,268 0%
UC Last 30 Days 1,768 2,263 -22%
Sold Last 30 Days 1,467 1,557 -6%
Absorption Rate 2.41 1.88As of April 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Mar 2010 VarAvailable 2,980 2,918 +21%
UC Last 30 Days 1,345 1,625 -17%
Sold Last 30 Days 1,058 1,147 -8%
Absorption Rate 2.21 1.79As of April 11, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +2.98%
Units Sold- -9.85%
DOM- +44.68% to 68 days
Source: MRIS, Inc. April 11, 2011
Local Market Update
Alexandria City Current Mar 2010 VarAvailable 560 568 -1%
UC Last 30 Days 174 230 -24%
Sold Last 30 Days 174 140 +24%
Absorption Rate 3.21 2.47As of April 11, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Mar 2010 VarAvailable 635 685 -7%
UC Last 30 Days 215 325 -4%
Sold Last 30 Days 196 236 -17%
Absorption Rate 2.95 2.11As of April 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current Mar 2010 VarAvailable 331 387 -14%
UC Last 30 Days 146 236 -38%
Sold Last 30 Days 138 150 -8%
Absorption Rate 2.26 1.64As of April 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current Mar 2010 VarAvailable 55 47 +17%
UC Last 30 Days 14 20 +30%
Sold Last 30 Days 18 8 +125%
Absorption Rate 3.92 2.35As of April 11, 2011
SELLERS
MARKET
Local Market Update
Clifton Current Mar 2010 VarAvailable 53 52 +2%
UC Last 30 Days 26 15 +73%
Sold Last 30 Days 21 16 +31%
Absorption Rate 2.03 3.46As of April 11, 2011
SELLERS
MARKET
Local Market Update
Herndon Current Mar 2010 VarAvailable 150 160 -6%
UC Last 30 Days 86 107 -20%
Sold Last 30 Days 54 78 -31%
Absorption Rate 1.74 1.49As of April 11, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Mar 2010 VarAvailable 160 208 -23%
UC Last 30 Days 146 137 +7%
Sold Last 30 Days 83 114 -27%
Absorption Rate 1.09 1.51As of April 11, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Mar 2010 VarAvailable 288 292 -1%
UC Last 30 Days 89 120 -26%
Sold Last 30 Days 69 69 0%
Absorption Rate 3.23 2.43As of April 11, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current Mar 2010 VarAvailable 321 274 -17%
UC Last 30 Days 116 141 -18%
Sold Last 30 Days 86 130 -34%
Absorption Rate 2.76 1.94As of April 11, 2011
SELLERS
MARKET
Local Market Update
Reston Current Mar 2010 VarAvailable 95 228 -58%
UC Last 30 Days 49 131 -63%
Sold Last 30 Days 45 97 -54%
Absorption Rate 1.93 1.74As of April 11, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Mar 2010 VarAvailable 135 132 +2%
UC Last 30 Days 114 128 -11%
Sold Last 30 Days 100 98 +2%
Absorption Rate 1.18 1.03As of April 11, 2011
SELLERS
MARKET
Local Market Update
DC Current Mar 2010 VarAvailable 2,345 2,483 -6%
UC Last 30 Days 591 789 -25%
Sold Last 30 Days 575 577 -.03%
Absorption Rate 3.96 3.14As of April 11, 2011
Local Market Update
Prince William Current Mar 2010 VarAvailable 1,449 1,214 +19%
UC Last 30 Days 633 764 -17%
Sold Last 30 Days 500 600 -17%
Absorption Rate 2.28 1.58As of April 11, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Mar 2010 VarAvailable 1,480 1,362 +9%
UC Last 30 Days 506 546 -7%
Sold Last 30 Days 351 471 -25%
Absorption Rate 2.92 2.49As of April 11, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current Mar 2010 VarAvailable 1,408 1,225 +15%
UC Last 30 Days 169 205 -18%
Sold Last 30 Days 149 170 -12%
Absorption Rate 8.33 5.97As of April 11, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Mar 2010 VarAvailable 1,147 1,217 -6%
UC Last 30 Days 184 197 -7%
Sold Last 30 Days 151 166 -9%
Absorption Rate 6.23 6.17As of April 11, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Mar 2010 VarAvailable 1,810 1,846 -2%
UC Last 30 Days 492 482 +2%
Sold Last 30 Days 355 366 -3%
Absorption Rate 3.67 3.82As of April 11, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET