Fairlington VA Townhomes for Sale and Sold Report shows an increase of 589.26% for Sold Dollar Volume over August 2015 of $2,977,600 versus $432,000. Month-to-month there was a sharp increase as well of 15.02% from the July 2016 volume of $2,588,750 to the current $2,977,600.
Closed Sales of Fairlington VA Townhomes
There were seven (7) closed sales in August 2016, a 16.7% increase from July’s six closed sales, and up six (6) – 600% – from August 2015.
Median Price of Fairlington VA Townhomes
The median price of townhomes sold in August 2016 was $445,000 up from $432,000 in August 2015, a 3.01% increase.
Fairlington VA Townhomes Average Time to Sell
It took an average of fifty-one (51) days to sell a home in August 2016 whereas it took eighteen (18) days in August 2015. This is a 131.82% increase in the time that it took to sell in August 2016 over the average of twenty-two (22) days that it took for homes to be sold in July 2016.
|Total Sold Dollar Volume||2,977,600||+589.3%||+15%|
|Median Sold Price||$445,000||+3%||+8.0%|
|Average Sold Price||$425,371||-1.5%||-1.4%|
|Median Days on Market||49 days||172.2%||+250%|
|Average Days on Market||51 days||+183.3%||+131.8%|
|Median Price per Sq Foot||$467||+8.1%||-6.2%|
|Average Price per Sq Foot||$446||+3.2%||-10.1%|
Fairlington VA Townhomes August 2016 Report Takeaway
There is still some schizophrenia going on in the Fairlington VA market as evidenced by the August 2016 figures. Prices have continued their increase – 8% over July – yet the days on market have taken a huge jump upwards along with an increased sales volume. The market definitely bears watching. If you are buyer, this means that you must 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.