Fairlington Virginia Townhomes For Sale And Sold Report For July 2016
Fairlington VA Townhomes for Sale and Sold Report shows an increase of 119.70% for Sold Dollar Volume over July 2015 of $2,588,750 versus $1,178,000. However, month-to-month there was a sharp decrease of 19.3% from the June 2016 volume of $3,222,100 to the current $2,588,750.
Fairlington Virginia Townhomes
Closed Sales of Fairlington VA Townhomes
There were eight (6) closed sales in July 2016, a 25% drop from June’s eight closed sales, but still up three (3) – 50% - from July 2015.
Median Price of Fairlington VA Townhomes
The median price of townhomes sold in July 2016 was $412,000 up from $393,300 in July 2015, a 4.75% increase.
Fairlington VA Townhomes Average Time to Sell
It took an average of twenty-two (22) days to sell a home in July 2016 whereas it took nine (9) days in July 2015. This is a 46.7% increase in the time that it took to sell in July 2016 over the average of fifteen (15) days that it took for homes to be sold in June 2016.
| Statistic | Jul | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | 2,588,750 | +119.7% | -19.3% |
| Closed Sales | 6 | +100.0% | -25% |
| Median Sold Price | $412,000 | +4.8% | +3.6% |
| Average Sold Price | $431,458 | +9.9% | +7.6% |
| Median Days on Market | 14 days | 55.6% | +133.3% |
| Average Days on Market | 22 days | +144.4% | +46.7% |
| Median Price per Sq Foot | $468 | +26.7% | +6.4% |
| Average Price per Sq Foot | $496 | +35.9% | +10.7% |
Fairlington VA Townhomes July 2016 Report Takeaway
There is a little bit of schizophrenia going on in the Fairlington VA market as evidenced by these July figures. Although prices have increased somewhat – 7.6% over June – the days on market have increased precipitously along with a reduced sales volume. The market definitely bears watching. Still, if you are a buyer, this means that you must act with urgency. Your pool of choices is drying up.
Fairlington VA Townhomes For Sale
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Need to sell before buying your Fairlington VA townhome? Find out What Your Home is Worth here.
Contact Norma Skeete at 703-920-0003 if you are ready to buy or for any real estate need.
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