Local Market Absorption for the Northern Virginia area in April
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Local Market Absorption for the Northern Virginia area in April

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  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.
  • Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates. For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD. For example, you might discuss the market conditions of different communities or price ranges each week.

Local Market Absorption for the Northern Virginia area in April Presentation Transcript

  • 1. Market Absorption Virginia
  • 2. Local Market Update April 2011 Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church . May 11, 2011 Northern Virginia Available UC Abs Rate < $100,000 17 20 .85 $100,000–$199,999 145 90 1.61 $200,000-$299,999 363 215 1.68 $300,000-$399,999 536 242 2.21 $400,000-$499,999 507 205 2.47 $500,000-$599,999 426 156 2.73 $600,000-$699,999 264 93 2.83
  • 3. Local Market Update April 2011 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. May 11, 2011 Northern Virginia Available UC Abs Rate $700,000-$799,999 252 59 4.27 $800,000-$899,999 185 31 5.96 $900,000-$999,999 120 16 7.50 $1M -$1.49M 255 41 6.21 $1.5M -2.49 203 18 11.27 $2.5 million + 113 3 37.66 Overall 3,386 1,189 2.84
  • 4. No VA Stats Avg. SP- +3.03% Units Sold- -24.45% DOM- +32.61 % to 61 days Source: MRIS, Inc. May 11, 2011
  • 5. Local Market Update April 2011 Source: MRIS, Inc. May 11, 2011 PW & Loudoun Available UC Abs Rate < $100,000 13 14 .92 $100,000–$199,999 205 232 .88 $200,000-$299,999 511 294 1.73 $300,000-$399,999 574 246 2.33 $400,000-$499,999 538 144 3.73 $500,000-$599,999 455 74 6.14 $600,000-$699,999 262 44 5.95
  • 6. Local Market Update April 2011 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. May 11 , 2011 PW & Loudoun Available UC Abs Rate $700,000-$799,999 148 24 6.16 $800,000-$899,999 122 6 20.33 $900,000-$999,999 72 4 18.00 $1M -$1.49M 105 4 26.25 $1.5M -2.49 56 3 18.66 $2.5 million + 31 0 0 Overall 3,092 1,089 2.84
  • 7. Local Market Update SELLERS MARKET No. VA Current April 2010 Var Available 4,817 5,054 -4.7% UC Last 30 Days 1,637 2,569 -36% Sold Last 30 Days 1,481 1,922 -23% Absorption Rate 2.94 1.96 As of May 11, 2011
  • 8. Local Market Update SELLERS MARKET Fairfax Co. Current April 2010 Var Available 3,387 3,489 -3% UC Last 30 Days 1,190 1,882 -37% Sold Last 30 Days 1,066 1,397 -24% Absorption Rate 2.84 1.85 As of May 11, 2011
  • 9. Fairfax Co. Stats Avg. SP- +4.32% Units Sold- -25.05% DOM- +31.82% to 58 days Source: MRIS, Inc. May 11 , 2011
  • 10. Local Market Update SELLERS MARKET Alexandria City Current April 2010 Var Available 616 646 -5% UC Last 30 Days 184 258 -29% Sold Last 30 Days 169 197 -14% Absorption Rate 3.34 2.50 As of May 11, 2011
  • 11. Local Market Update SELLERS MARKET Arlington Co. Current April 2010 Var Available 698 792 -12% UC Last 30 Days 211 374 -44% Sold Last 30 Days 215 289 -26% Absorption Rate 3.30 2.11 As of May 11, 2011
  • 12. Local Market Update SELLERS MARKET Fairfax Current April 2010 Var Available 372 469 -21% UC Last 30 Days 144 240 -40% Sold Last 30 Days 142 180 -21% Absorption Rate 2.58 1.95 As of May 11, 2011
  • 13. Local Market Update SELLERS MARKET Fairfax Station Current April 2010 Var Available 69 62 +11% UC Last 30 Days 15 20 -25% Sold Last 30 Days 13 20 -35% Absorption Rate 4.60 3.10 As of May 11, 2011
  • 14. Local Market Update SELLERS MARKET Clifton Current April 2010 Var Available 80 62 +29% UC Last 30 Days 11 29 -62% Sold Last 30 Days 23 22 +5% Absorption Rate 7.27 2.13 As of May 11, 2011
  • 15. Local Market Update SELLERS MARKET Herndon Current April 2010 Var Available 184 169 +9% UC Last 30 Days 79 140 -44% Sold Last 30 Days 66 106 -38% Absorption Rate 2.33 1.21 As of May 11, 2011
  • 16. Local Market Update Sterling Current April 2010 Var Available 177 195 -9% UC Last 30 Days 99 179 -45% Sold Last 30 Days 109 132 -17% Absorption Rate 1.79 1.08 As of May11, 2011 SELLERS MARKET
  • 17. Local Market Update SELLERS MARKET Vienna/ Oakton Current April 2010 Var Available 307 356 -14% UC Last 30 Days 103 172 -40% Sold Last 30 Days 80 99 -19% Absorption Rate 2.98 2.07 As of May 11, 2011
  • 18. Local Market Update Ashburn Current April 2010 Var Available 342 307 +11% UC Last 30 Days 124 180 -31% Sold Last 30 Days 113 135 -16% Absorption Rate 2.76 2.27 As of May 11, 2011 SELLERS MARKET
  • 19. Local Market Update Reston Current April 2010 Var Available 173 283 -39% UC Last 30 Days 86 138 -38% Sold Last 30 Days 97 114 -15% Absorption Rate 2.01 2.05 As of May 11, 2011 SELLERS MARKET
  • 20. Local Market Update Centreville Current April 2010 Var Available 151 169 -11% UC Last 30 Days 90 145 -38% Sold Last 30 Days 76 112 -32% Absorption Rate 1.67 1.16 As of May 11, 2011 SELLERS MARKET
  • 21. Local Market Update DC Current April 2010 Var Available 2,440 2,670 -9% UC Last 30 Days 588 893 -34% Sold Last 30 Days 544 706 -23% Absorption Rate 4.14 2.98 As of May 11, 2011 SELLERS MARKET
  • 22. Local Market Update Prince William Current April 2010 Var Available 1,499 1,331 +13% UC Last 30 Days 640 833 -23% Sold Last 30 Days 481 697 -31% Absorption Rate 2.28 1.58 As of May 11, 2011 SELLERS MARKET
  • 23. Local Market Update Loudoun Co. Current April 2010 Var Available 1,596 1,548 +3% UC Last 30 Days 451 631 -29% Sold Last 30 Days 410 488 -16% Absorption Rate 3.53 2.45 As of May 11, 2011 SELLERS MARKET
  • 24. Local Market Update **Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties GPAAR Current April 2010 Var Available 1,495 1,291 +16% UC Last 30 Days 196 226 -13% Sold Last 30 Days 169 170 0% Absorption Rate 8.33 5.97 As of May 11, 2011
  • 25. Local Market Update **Includes Clarke, Frederick, Warren Counties & Winchester City BRAR Current April 2010 Var Available 1,158 1,260 -8% UC Last 30 Days 181 263 -31% Sold Last 30 Days 146 181 -19% Absorption Rate 6.39 4.79 As of May 11, 2011
  • 26. Local Market Update **Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties FAAR Current April 2010 Var Available 1,819 1,847 -2% UC Last 30 Days 477 482 -1% Sold Last 30 Days 356 410 -13% Absorption Rate 3.81 3.83 As of May 11, 2011 SELLERS MARKET