1. 1. 10 Vital Statistics You Must Know Fairfax Co. Stats YTD Total listings- 4,337 Avg LP- $554,666 Avg SP- $545,383 LP/ SP- 97.4% DOM- 50 Sales YTD- 7,370 (+10.02%) Appreciation/ Depreciation- +1.54% Months of Supply- 2.60 Interest Rate- 4.25 Source: MRIS, Inc. July 20, 2015
2. 2. 10 Vital Statistics You Must Know Prince William Co. Stats YTD Total listings- 1,970 Avg LP- $360,490 Avg SP- $355,595 LP/ SP- 97.1% DOM- 58 Sales YTD- 3,336 (+10.98%) Appreciation/ Depreciation- +2.39% Months of Supply- 2.44 Interest Rate- 4.25 Source: MRIS, Inc. July 20, 2015
3. 3. 10 Vital Statistics You Must Know Loudoun Co. Stats YTD Total listings- 2,213 Avg LP- $488,357 Avg SP- $480,620 LP/ SP- 97.2% DOM- 63 Sales YTD- 3,141 (+14.76%) Appreciation/ Depreciation- +1.74% Months of Supply- 3.35 Interest Rate- 4.52 Source: MRIS, Inc. July 20, 2015
4. 4. Local Market Update June 2015 Northern Virginia Available UC Abs Rate < $100,000 16 5 3.20 $100,000$199,999 260 129 2.02 $200,000-$299,999 679 237 2.86 $300,000-$399,999 814 407 2.00 $400,000-$499,999 689 385 1.79 $500,000-$599,999 633 302 2.10 $600,000-$699,999 563 254 2.22 Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. July 20, 2015
5. 5. Local Market Update June 2015 Northern Virginia Available UC Abs Rate $700,000-$799,999 445 184 2.42 $800,000-$899,999 318 124 2.56 $900,000-$999,999 231 59 3.92 $1M -$1.49M 635 108 5.88 $1.5M -2.49 378 42 9.00 $2.5 million + 150 9 16.67 Overall 5,081 2,245 2.26 Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory July 20, 2015
6. 6. No VA Stats- June Avg. SP- 0% Units Sold- +17.02% DOM- +20% to 36 days Source: MRIS, Inc. July 20, 2015 Year over year
7. 7. Local Market Update June 2015 Prince William Available UC Abs Rate < $100,000 0 0 0.00 $100,000$199,999 103 81 1.27 $200,000-$299,999 418 257 1.63 $300,000-$399,999 457 191 2.39 $400,000-$499,999 447 148 3.02 $500,000-$599,999 323 60 5.38 $600,000-$699,999 143 22 6.50 Source: MRIS, Inc. July 20, 2015
8. 8. Local Market Update June 2015 Prince William Available UC Abs Rate $700,000-$799,999 70 5 14.00 $800,000-$899,999 39 3 13.00 $900,000-$999,999 21 1 21.00 $1M -$1.49M 25 0 0.00 $1.5M -2.49 5 0 0.00 $2.5 million + 1 0 0.00 Overall 2,052 768 2.67 Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. July 20, 2015
9. 9. Local Market Update June 2015 Loudoun Available UC Abs Rate < $100,000 0 1 0.00 $100,000$199,999 46 31 1.48 $200,000-$299,999 163 69 2.36 $300,000-$399,999 373 183 2.04 $400,000-$499,999 348 123 2.83 $500,000-$599,999 352 89 3.96 $600,000-$699,999 389 75 5.24 Source: MRIS, Inc. July 20, 2015
10. 10. Local Market Update June 2015 Loudoun Available UC Abs Rate $700,000-$799,999 224 37 6.05 $800,000-$899,999 127 20 6.35 $900,000-$999,999 61 6 10.17 $1M -$1.49M 117 8 14.63 $1.5M -2.49 48 5 9.60 $2.5 million + 28 0 0.00 Overall 2,276 647 3.52 Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. July 20, 2015
11. 11. Local Market Update No. VA Current June 2014 Var Available 5,735 4,779 +20% UC Last 30 Days 2,326 2,047 +14% Sold Last 30 Days 2,544 2,174 +17% Absorption Rate 2.47 2.33 As of July 20, 2015 SELLERS MARKET
12. 12. Local Market Update Fairfax Co. Current June 2014 Var Available 4,337 3,560 +22% UC Last 30 Days 1,670 1,457 +15% Sold Last 30 Days 1,861 1,560 +19% Absorption Rate 2.60 2.44 As of July 20, 2015 SELLERS MARKET
13. 13. Fairfax Co. Stats- June Avg. SP- -.84% Units Sold- +19.29% DOM- +21.43% to 34 days Source: MRIS, Inc. July 20, 2015 Year over year
14. 14. Local Market Update Alexandria City Current June 2014 Var Available 576 522 +10% UC Last 30 Days 263 249 +6% Sold Last 30 Days 263 265 -1% Absorption Rate 2.19 2.10 As of July 20, 2015 SELLERS MARKET
15. 15. Local Market Update Arlington Co. Current June 2014 Var Available 697 591 +18% UC Last 30 Days 324 280 +16% Sold Last 30 Days 352 283 +24% Absorption Rate 2.15 2.11 As of July 20, 2015 SELLERS MARKET
16. 16. Local Market Update Annandale Current June 2014 Var Available 172 104 +65% UC Last 30 Days 76 57 +33% Sold Last 30 Days 88 62 +42% Absorption Rate 2.26 1.82 As of July 20, 2015 SELLERS MARKET
17. 17. Local Market Update Ashburn Current June 2014 Var Available 545 572 -5% UC Last 30 Days 164 159 +3% Sold Last 30 Days 213 202 +5% Absorption Rate 3.32 2.83 As of July 20, 2015 SELLERS MARKET
18. 18. Local Market Update Bristow Current June 2014 Var Available 110 132 -17% UC Last 30 Days 82 47 +74% Sold Last 30 Days 73 55 +33% Absorption Rate 1.34 2.81 As of July 20, 2015 SELLERS MARKET
19. 19. Local Market Update Burke Current June 2014 Var Available 106 100 +6% UC Last 30 Days 69 52 +33% Sold Last 30 Days 95 68 +40% Absorption Rate 1.54 1.92 As of July 20, 2015 SELLERS MARKET
20. 20. Local Market Update Centreville Current June 2014 Var Available 272 222 +23% UC Last 30 Days 121 113 +7% Sold Last 30 Days 142 119 +19% Absorption Rate 2.25 1.96 As of July 20, 2015 SELLERS MARKET
21. 21. Local Market Update Chantilly Current June 2014 Var Available 220 172 +28% UC Last 30 Days 100 78 +28% Sold Last 30 Days 78 71 +10% Absorption Rate 2.20 2.21 As of July 20, 2015 SELLERS MARKET
22. 22. Local Market Update Clifton Current June 2014 Var Available 105 87 +21% UC Last 30 Days 21 19 +11% Sold Last 30 Days 22 39 -44% Absorption Rate 5.00 4.58 As of July 20, 2015
23. 23. Local Market Update Fairfax Current June 2014 Var Available 537 428 +25% UC Last 30 Days 248 197 +26% Sold Last 30 Days 270 243 +11% Absorption Rate 2.17 2.17 As of July 20, 2015 SELLERS MARKET
24. 24. Local Market Update Fairfax Station Current June 2014 Var Available 73 87 -16% UC Last 30 Days 24 26 -8% Sold Last 30 Days 28 27 +4% Absorption Rate 3.04 3.35 As of July 20, 2015 SELLERS MARKET
25. 25. Local Market Update Gainesville Current June 2014 Var Available 226 192 +18% UC Last 30 Days 76 73 +4% Sold Last 30 Days 73 56 +30% Absorption Rate 2.97 2.63 As of July 20, 2015 SELLERS MARKET
26. 26. Local Market Update Great Falls Current June 2014 Var Available 219 227 -4% UC Last 30 Days 26 13 +100% Sold Last 30 Days 26 19 +37% Absorption Rate 8.42 17.46 As of July 20, 2015
27. 27. Local Market Update Haymarket Current June 2014 Var Available 250 192 +30% UC Last 30 Days 63 48 +31% Sold Last 30 Days 43 60 -28% Absorption Rate 3.97 4.00 As of July 20, 2015
28. 28. Local Market Update Herndon Current June 2014 Var Available 258 250 +3% UC Last 30 Days 110 91 +21% Sold Last 30 Days 125 96 +30% Absorption Rate 2.35 2.75 As of July 20, 2015 SELLERS MARKET
29. 29. Local Market Update Leesburg Current June 2014 Var Available 551 525 +5% UC Last 30 Days 159 132 +20% Sold Last 30 Days 172 134 +28% Absorption Rate 3.47 3.98 As of July 20, 2015
30. 30. Local Market Update Manassas Current June 2014 Var Available 570 412 +38% UC Last 30 Days 238 221 +8% Sold Last 30 Days 201 192 +5% Absorption Rate 2.39 1.86 As of July 20, 2015 SELLERS MARKET
31. 31. Local Market Update McLean Current June 2014 Var Available 450 307 +47% UC Last 30 Days 80 91 -12% Sold Last 30 Days 103 83 +24% Absorption Rate 5.63 3.37 As of July 20, 2015
32. 32. Local Market Update Reston Current June 2014 Var Available 360 242 +49% UC Last 30 Days 139 101 +38% Sold Last 30 Days 124 107 +16% Absorption Rate 2.59 2.40 As of July 20, 2015 SELLERS MARKET
33. 33. Local Market Update Springfield Current June 2014 Var Available 247 224 +10% UC Last 30 Days 154 139 +11% Sold Last 30 Days 174 147 +18% Absorption Rate 1.60 1.61 As of July 20, 2015 SELLERS MARKET
34. 34. Local Market Update Sterling Current June 2014 Var Available 257 267 -4% UC Last 30 Days 159 114 +39% Sold Last 30 Days 165 135 +22% Absorption Rate 1.62 2.34 As of July 20, 2015 SELLERS MARKET
35. 35. Local Market Update Vienna/ Oakton Current June 2014 Var Available 425 322 +32% UC Last 30 Days 148 120 +23% Sold Last 30 Days 173 132 +31% Absorption Rate 2.87 2.68 As of July 20, 2015 SELLERS MARKET
36. 36. Local Market Update Woodbridge Current June 2014 Var Available 754 710 +6% UC Last 30 Days 350 315 +11% Sold Last 30 Days 339 308 +10% Absorption Rate 2.15 2.25 As of July 20, 2015 SELLERS MARKET
37. 37. Local Market Update DC Current June 2014 Var Available 1,242 1,304 -5% UC Last 30 Days 911 864 +5% Sold Last 30 Days 863 839 +3% Absorption Rate 1.36 1.51 As of July 20, 2015 SELLERS MARKET
38. 38. Local Market Update Loudoun Co. Current June 2014 Var Available 2,213 2,194 +7% UC Last 30 Days 661 559 +18% Sold Last 30 Days 758 632 +20% Absorption Rate 3.35 3.92 As of July 20, 2015 SELLERS MARKET
39. 39. Local Market Update Prince William Current June 2014 Var Available 1,970 1,770 +11% UC Last 30 Days 809 689 +17% Sold Last 30 Days 757 688 +10% Absorption Rate 2.44 2.57 As of July 20, 2015 SELLERS MARKET
40. 40. Local Market Update GPAAR Current June 2014 Var Available 1,454 1,358 +7% UC Last 30 Days 277 260 +7% Sold Last 30 Days 264 224 +18% Absorption Rate 5.25 5.22 As of July 20, 2015 **Includes Fauquier, Culpeper, Orange, Madison and Rappahannock Counties
41. 41. Local Market Update BRAR Current June 2014 Var Available 1,227 1,304 -6% UC Last 30 Days 285 206 +38% Sold Last 30 Days 302 248 +22% Absorption Rate 4.31 6.33 As of July 20, 2015 **Includes Clarke, Frederick, Warren Counties & Winchester City
42. 42. Local Market Update FAAR Current June 2014 Var Available 2,133 2,146 -1% UC Last 30 Days 554 536 +3% Sold Last 30 Days 611 471 +30% Absorption Rate 3.85 4.00 As of July 20, 2015 **Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties