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.
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.
|Total Sold Dollar Volume||2,588,750||+119.7%||-19.3%|
|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 buyer, this means that you must be act with urgency. Your pool of choices is drying up.
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.