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March 2012 Northern Virginia Market Absorption
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March 2012 Northern Virginia Market Absorption

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2012 March Market Absorption Rates for Northern Virginia and DC

2012 March Market Absorption Rates for Northern Virginia and DC

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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.

Transcript

  • 1. Northern Virginia Available UC Abs Rate< $100,000 17 15 1.13$100,000–$199,999 128 141 .90$200,000-$299,999 343 295 1.16$300,000-$399,999 490 378 1.30$400,000-$499,999 432 325 1.33$500,000-$599,999 406 280 1.45$600,000-$699,999 354 170 2.08Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities ofAlexandria, Fairfax & Falls Church. April 12, 2012
  • 2. Northern Virginia Available UC Abs Rate$700,000-$799,999 275 144 1.91$800,000-$899,999 186 78 2.38$900,000-$999,999 125 36 3.47$1M -$1.49M 357 96 3.72$1.5M -2.49 215 26 8.27$2.5 million + 137 4 34.25Overall 3,456 1,988 1.74Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30days. The absorption rate is the number of months it would take to deplete the inventory. April 12, 2012
  • 3. Avg. SP- +8.09% Units Sold- -.88% DOM- 0% to 69 daysSource: MRIS, Inc. April 12, 2012
  • 4. PW & Loudoun Available UC Abs Rate< $100,000 9 11 .82$100,000–$199,999 127 209 .61$200,000-$299,999 350 336 1.04$300,000-$399,999 517 289 1.79$400,000-$499,999 506 145 3.49$500,000-$599,999 391 107 3.65$600,000-$699,999 230 49 4.69Source: MRIS, Inc. April 12, 2012
  • 5. PW & Loudoun Available UC Abs Rate$700,000-$799,999 153 15 10.20$800,000-$899,999 89 14 6.36$900,000-$999,999 47 4 11.75$1M -$1.49M 77 4 19.25$1.5M -2.49 46 0 0$2.5 million + 43 0 0Overall 2,585 1,183 2.19Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30days. The absorption rate is the number of months it would take to deplete the inventory. April 12, 2012
  • 6. No. VA Current Mar 2011 VarAvailable 3,465 3,975 -13%UC Last 30 Days 1,958 2,113 -7%Sold Last 30 Days 1,472 1,437 +2%Absorption Rate 1.77 1.88As of April 12, 2012 SELLERS MARKET
  • 7. Fairfax Co. Current Mar 2011 VarAvailable 2,461 2,766 -11%UC Last 30 Days 1,446 1,589 -9%Sold Last 30 Days 1,065 1,034 +3%Absorption Rate 1.70 1.74As of April 12, 2012 SELLERS MARKET
  • 8. Avg. SP- +9.88% Units Sold- +.68% DOM- +2.94% to 70 daysSource: MRIS, Inc. April 12, 2012
  • 9. Alexandria City Current Mar 2011 VarAvailable 395 540 -27%UC Last 30 Days 218 224 -3%Sold Last 30 Days 163 171 -5%Absorption Rate 1.80 2.41As of April 12, 2012 SELLERS MARKET
  • 10. Arlington Co. Current Mar 2011 VarAvailable 526 585 -10%UC Last 30 Days 266 257 +4%Sold Last 30 Days 196 194 +1%Absorption Rate 1.98 2.28As of April 12, 2012 SELLERS MARKET
  • 11. Fairfax Current Mar 2011 VarAvailable 311 377 -18%UC Last 30 Days 205 192 +7%Sold Last 30 Days 160 158 +1%Absorption Rate 1.52 1.96As of April 12, 2012 SELLERS MARKET
  • 12. Fairfax Station Current Mar 2011 VarAvailable 66 52 +27%UC Last 30 Days 25 17 +47%Sold Last 30 Days 13 18 -28%Absorption Rate 2.64 3.06As of April 12, 2012 SELLERS MARKET
  • 13. Clifton Current Mar 2011 VarAvailable 53 52 +2%UC Last 30 Days 26 29 -10%Sold Last 30 Days 16 21 -24%Absorption Rate 2.04 1.79As of April 12, 2012 SELLERS MARKET
  • 14. Herndon Current Mar 2011 VarAvailable 106 136 -22%UC Last 30 Days 96 99 -3%Sold Last 30 Days 52 49 +6%Absorption Rate 1.10 1.37As of April 12, 2012 SELLERS MARKET
  • 15. Sterling Current Mar 2011 VarAvailable 132 130 +2%UC Last 30 Days 117 164 -29%Sold Last 30 Days 107 82 +30%Absorption Rate 1.13 .79As of April 12, 2012 SELLERS MARKET
  • 16. Vienna/ Oakton Current Mar 2011 VarAvailable 256 271 -6%UC Last 30 Days 137 108 +27%Sold Last 30 Days 108 68 +59%Absorption Rate 2.27 2.51As of April 12, 2012 SELLERS MARKET
  • 17. Ashburn Current Mar 2011 VarAvailable 291 304 -4%UC Last 30 Days 144 140 +3%Sold Last 30 Days 90 80 +13%Absorption Rate 2.02 2.17As of April 12, 2012 SELLERS MARKET
  • 18. Reston Current Mar 2011 VarAvailable 125 143 -13%UC Last 30 Days 118 121 -2%Sold Last 30 Days 57 87 -34%Absorption Rate 1.06 1.18As of April 12, 2012 SELLERS MARKET
  • 19. Centreville Current Mar 2011 VarAvailable 81 131 -38%UC Last 30 Days 115 130 -12%Sold Last 30 Days 81 98 -17%Absorption Rate .70 1.01As of April 12, 2012 SELLERS MARKET
  • 20. DC Current Mar 2011 VarAvailable 1,632 2,306 -26%UC Last 30 Days 630 738 -15%Sold Last 30 Days 540 555 -3%Absorption Rate 3.88 3.96As of April 12, 2012 SELLERS MARKET
  • 21. Prince William Current Mar 2011 VarAvailable 1,193 1,344 -11%UC Last 30 Days 658 759 -13%Sold Last 30 Days 428 484 -12%Absorption Rate 1.81 1.77As of April 12, 2012 SELLERS MARKET
  • 22. Loudoun Co. Current Mar 2011 VarAvailable 1,396 1,416 -1%UC Last 30 Days 525 611 -14%Sold Last 30 Days 403 339 +19%Absorption Rate 2.66 2.32As of April 12, 2012 SELLERS MARKET
  • 23. GPAAR Current Mar 2011 VarAvailable 1,273 1,191 +7%UC Last 30 Days 222 200 +11%Sold Last 30 Days 184 136 +35%Absorption Rate 5.73 5.96As of April 12, 2012 **Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
  • 24. BRAR Current Mar 2011 VarAvailable 996 1,133 -12%UC Last 30 Days 201 230 -13%Sold Last 30 Days 174 148 +18%Absorption Rate 4.96 4.93As of April 12, 2012 **Includes Clarke, Frederick, Warren Counties & Winchester City
  • 25. FAAR Current Mar 2011 VarAvailable 1,397 1,787 -22%UC Last 30 Days 509 575 -11%Sold Last 30 Days 301 341 -12%Absorption Rate 2.74 3.11As of April 12, 2012**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties SELLERS MARKET