Fairlington VA Townhomes for Sale and Sold Report shows an increase of 190.77% for Sold Dollar Volume over June 2015 of $3,207,200 versus $1,103,000. However, month-to-month there was a decrease of 0.5% from the May 2016 volume of $3,222,100 to the current $3,207,200.
Closed Sales of Fairlington VA Townhomes
There were eight (8) closed sales in June 2016 (same as May), but up from three (3) in June 2015.
Median Price of Fairlington VA Townhomes
The median price of townhomes sold in June 2016 was $397,700 up from $375,000 in June 2015, a 6.05% increase.
Fairlington VA Townhomes Average Time to Sell
It took an average of fifteen (15) days to sell a home in June 2016 whereas it took eleven (11) days in June 2015. It should be noted, however, that it took an average of thirty-one (31) days for homes to be sold in May 2016, just about double the time it took in June 2016, a significant positive change.
|Total Sold Dollar Volume||3,207,200||+190.8%||-0.5%|
|Median Sold Price||$397,700||+6.1%||-8.4%|
|Average Sold Price||$400,900||+9%||-0.5%|
|Median Days on Market||6 days||0%||-62.5%|
|Average Days on Market||15 days||+36.4%||-51.6%|
|Median Price per Sq Foot||$468||+24.8%||+5.6%|
|Average Price per Sq Foot||$448||+15.8%||+6.2%|
Fairlington VA Townhomes July 2016 Report Takeaway
There is no doubt that Fairlington VA is experiencing a seller’s market. If you are buyer, this means that you must be ready and willing to put in your offer immediately that you see the townhome of your dream. It could take you a much longer time to find another acceptable home. In addition, you may be asked to pay more. Wait at your peril.
Fairlington VA Townhomes For Sale
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.