Between Snowzilla 2016 and the aftermath of the holiday season, January 2016 was a relatively slow month for Northern Virginia real estate. Just under $700 billion in real estate was sold in Fairfax County VA, Loudoun County VA, and Prince William County VA combined compared to over $1 billion in December 2015. Keep reading for the details of each county.
Fairfax County VA Real Estate Statistics
$401 million in real estate changed hands in Fairfax County VA in January 2016. 787 homes were sold (decrease of 33% month-to-month) with an average sale price of $520,796 (decrease of 5% month-to-month). That average sale price in Fairfax County VA would purchase a 3-bedroom 2.5-bathroom single family home on about 1/3 acre. The most expensive home was sold for $2.85 million – a brand-new 6500 square foot home on 1/2 acre with 5 bedrooms, 5 full bathrooms, and 3 half bathrooms in the Franklin Forest neighborhood of McLean. The lowest-priced home went for $97,500. This was a 1-bedroom 1-bathroom 652 square-foot condo in the Mount Vernon Lakes neighborhood of Alexandria. The average days on market for listings in Fairfax County VA was 58 days (decrease of 15% month-to-month).
$401 million in real estate changed hands in Fairfax County VA in January 2016. 787 homes were sold (decrease of 33% month-to-month) with an average sale price of $520,796 (decrease of 5% month-to-month). That average sale price in Fairfax County VA would purchase a 3-bedroom 2.5-bathroom single family home on about 1/3 acre. The most expensive home was sold for $2.85 million – a brand-new 6500 square foot home on 1/2 acre with 5 bedrooms, 5 full bathrooms, and 3 half bathrooms in the Franklin Forest neighborhood of McLean. The lowest-priced home went for $97,500. This was a 1-bedroom 1-bathroom 652 square-foot condo in the Mount Vernon Lakes neighborhood of Alexandria. The average days on market for listings in Fairfax County VA was 58 days (decrease of 15% month-to-month).
Loudoun County VA Real Estate Statistics
In Loudoun County VA, 338 homes sold in January (decrease of 35% month-to-month) for a total of $163 million. The average sale price was $491,854 (increase of 2.5% month-to-month), which would purchase a 4-bedroom 3.5-bathroom single family home on about an acre. The highest price paid for a home in Loudoun County VA was $2.8 million. This purchased a 5-bedroom, 6+ bathroom, 9500-square foot estate on almost 10 acres right outside of Middleburg VA. On the low end, a 1-bedroom, 1-bathroom, 666 square foot condo sold for $81,000 at the Cavalier Arms in Leesburg. The average days on market for listings in Loudoun County VA was very close to Fairfax County VA at 60 days (decrease of 10% month-to-month).
In Loudoun County VA, 338 homes sold in January (decrease of 35% month-to-month) for a total of $163 million. The average sale price was $491,854 (increase of 2.5% month-to-month), which would purchase a 4-bedroom 3.5-bathroom single family home on about an acre. The highest price paid for a home in Loudoun County VA was $2.8 million. This purchased a 5-bedroom, 6+ bathroom, 9500-square foot estate on almost 10 acres right outside of Middleburg VA. On the low end, a 1-bedroom, 1-bathroom, 666 square foot condo sold for $81,000 at the Cavalier Arms in Leesburg. The average days on market for listings in Loudoun County VA was very close to Fairfax County VA at 60 days (decrease of 10% month-to-month).
- 4414 Windermere View Place, Woodbridge VA
Prince William County VA Real Estate Statistics
587 homes sold in Prince William County VA (decrease of 33% month-to-month) for $133 million in January 2016. The average sales price for December 2015 was $339,461 (decrease of 1.5% month-to-month), which buys a 4-bedroom, 2.5 bathroom single family home on about 0.4 acres in Prince William County VA. The most expensive home was sold in Occoquan for $830,000. Built in 2008, this 2-bedroom, 3.5-bathroom home has just 2710 square feet, but includes a boat slip and sits right on the river. The lowest-priced home sold for $60,000 in Manassas. It was a 1-bedroom, 445 square foot home on .2 acres. The average days on market for listings in Prince William County VA was 64 in January 2016 (increase of 1.5% month-to-month).
587 homes sold in Prince William County VA (decrease of 33% month-to-month) for $133 million in January 2016. The average sales price for December 2015 was $339,461 (decrease of 1.5% month-to-month), which buys a 4-bedroom, 2.5 bathroom single family home on about 0.4 acres in Prince William County VA. The most expensive home was sold in Occoquan for $830,000. Built in 2008, this 2-bedroom, 3.5-bathroom home has just 2710 square feet, but includes a boat slip and sits right on the river. The lowest-priced home sold for $60,000 in Manassas. It was a 1-bedroom, 445 square foot home on .2 acres. The average days on market for listings in Prince William County VA was 64 in January 2016 (increase of 1.5% month-to-month).
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