Northern Virginia's July 2011 housing sales were up a hair -- 0.2% YoY, and median prices were up 1.3%. The average days on the market increased by 4% to 50 days.
(The above statistics include Alexandria City, Arlington County, Fairfax City, Fairfax County, Falls Church City, Fauquier County, Loudoun County, Manassas City, Manassas Park City, and Prince William County).
Also, as of August 3, VirginiaMLS.com Realty shows total listings at 8,121, compared to 8,566 in the prior year.
Wednesday, August 10, 2011
Northern Virginia July Housing Sales
Posted by Harriet at 5:09 PM
Labels: housing sales
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6 comments:
Nice to be able to look at individual zips.
Agreed. This is the best source of local/non-regional data I've seen so far. But with more localized data, there's a smaller sampling size, hence a lot more volatility.
I really enjoyed that site, very helpful to look by locality and even pare the info down to zip code. Thanks!
I drill down alot further than zips, but at least this gives a better # than CS Wash Metro (which includes the ex-ex-exurbs).
The bright side for me is the zips where I have bought in the past 30 months. Of course, I look at the developments.
btw - the zillow recently came out with a study showing DC among the top ten in terms of price to asking.
This is a great source of information for Virginia real estate. Thanks! I'm thinking of doing additional research before I start looking at the listings.
Saving here, simply because I anticipate a "Contrarian" type full blown deletion fest. For future internet archaeologists, which was more pathetic: My attempts to hold Pat accountable, or his attempts to evade the same? Discuss amongst yourselves...
pat said...
funny, nice beautiful houses in North Arlington are dropping in price 20%, and we don't hear any "Glug, Glug, Glug" noises from certain posters.
Beautiful places, and probably the listings are approaching a more realistic price, especially for that area.
4/19/10 8:50 PM
pat said...
The anon:
certainly California continues to exhibit all the signs of market collapse. It's also the largest real estate market in the country, so,
it's really going to affect the national numbers.
http://lansner.freedomblogging.com/2010/04/19/selling-o-c-mansion-wait-3-years/62985/
The high end market is completely locked, and the low end market is still rotten with Option-ARMS.
the issue is broadly speaking will Arlington, Alexandria, etc face the same issues as the broader market.
My fundamental feeling is that "A rising tide lifts all boats, An Ebb tide lowers all boats"...
The decline of the high end market merely takes longer as these people have more resources.
My business partner just sold a house in Shouse Village, Vienna.
Now he used to tell me "Oh, Shouse is special, it's close to Tysons, it's next to Wolf Trap, it's Immune". I told him sell in 2006 as the market was peaking and the place across the street sold for a million.
He just sold and mentioned that there were 2 foreclosures in the area and 2 distress sales in the community. He was a little perturbed that his little island of perfection was also suffering from the ebb and flow of the economy.
4/20/10 10:39 AM
pat said...
Anon
I'm looking at the charts of when the bulk of these bizarro motgages were written, and when they are expected to recast.
the second wave will take until 2012 to clear, but, frankly, it's hard to know what happens when Bernanke and Paulsen and Geithner put their entire body weight on the scales.
Realistically, mortgage rates should have increased 3 years ago as risk increased. instead rates dropped. that's about 500 basis point spread induced by the Fed.
now subprime cleared and woodbridge is repriced.
CRE is starting to reprice.
prime and jumbo prime is just starting to fail.
4/20/10 4:47 PM
pat said... if arlington doesn't clear by 2012 well then its immune.
but look at the california data, volume is frozen above $2M
4/20/10 4:49 PM
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