2020 SECOND HALF
Market Report DC
MD
VA
Front Cover 611 QUEEN STREET Alexandria, VA 22314 $1,795,000 | MLS# VAAX255452
2 2020 SECOND HALF MARKET REPORT
Table of Contents 4
Q&A with Maureen McEnear ney Dunn & David Howell
5
2020 Year in Review
8
Washington, DC Review
12
City of Alexandria, V irginia Review
16
Arlington County & Falls Church City, V irginia Review
20
Fairfax County & Fairfax City, V irginia Review
24
Loudoun County, V irginia Review
28
Prince W illiam County, V irginia Review
32
Fauquier County, V irginia Review
36
Montgomery County, Maryland Review
40
Prince George’s County, Maryland Review
42
Luxury Listings Showcase
54
McEnear ney Associates’ Leadership Team 3
2020 SECOND HALF MARKET REPORT
Q&A with Maureen McEnearney Dunn PRESIDENT OF McENEARNEY ASSOCIATES At the halfway point of 2020, could you have envisioned that the region’s real estate market in the second half of the year would be this strong? By late May, there were certainly early signs that the market was coming back as some of the initial COVID-19 restrictions were lifted. But the honest answer is “no.” We were encouraged and optimistic, but we did not predict that we were going to end up having a record year. And as great as that is, it’s bittersweet because we know that there are so many people and so many businesses that are still struggling. We are first and foremost members of our community. We live here, we work here, and we know there is still a long way to go before life will return to normal. Six months ago, we asked whether the market has recovered, and you characterized it as a rebound. Do you feel differently now? There is no doubt that the overall real estate market has recovered. As in any market, there are some pockets that outperform others, but the fundamental strength of the market is undeniable. Yet there are other things we’re concerned about. Because of the uneven recovery in the economy, where huge segments of the travel, hospitality industry, and retail industries are likely to struggle for a long time, there are too many people who are unemployed and don’t have access to affordable housing. So, the real estate market has recovered but the region’s economy hasn’t. What stand out as the biggest trends? There’s a lot to unpack in that question! But I think there are three major trends that have emerged and that we’ll be keeping a close eye on in the months ahead. The first is historically low mortgage interest rates. Those rates have been a major factor in the surge in demand for housing. The second is the historically low inventory — the number of detached and attached homes on the market is dramatically lower than a year ago, and there is a truly critical shortage in the suburban markets. And the third relates to the impact of COVID on the dynamics of the market. While there has been no flight to the suburbs like we have seen in San Francisco and New York, there is clearly a desire for more “elbow room.” The outer suburbs have outperformed the inner city and close-in suburbs, and there has been an explosion of condo inventory in those close-in areas. We know this relative imbalance won’t last forever — nothing ever does — but this overhang of condo inventory relative to demand is likely to be with us for a while. How has the real estate business changed since the onset of COVID-19? Some significant parts of the process of buying and selling homes changed as we, and the rest of the industry, rapidly embraced tools and technologies that accommodated virtual showings and remote closings, as well as socially-distant and safe business practices. And along with everyone else, we’re all suffering from Zoom fatigue! Yet at its core, this is still a relationship business. We may be delivering service to our clients a bit differently, but technology is a tool. It still is critically important that there is a trusting relationship between a committed, knowledgeable professional focused on doing the right thing and their client. That has been our commitment for the past 40 years, and we don’t expect that to change. 4 2020 SECOND HALF MARKET REPORT
2020 YEAR IN REVIEW
$2.1+ Billion in Sales
3,783 NUMBER OF CLIENTS WE SERVED
2,759 NUMBER OF SALES
1,024 NUMBER OF RENTALS
WE ARE PROUD TO BE A TRUSTED REAL ESTATE RESOURCE IN THE DC METRO AREA 5 2020 SECOND HALF MARKET REPORT
1342 CORCORAN ST NW Washington, DC 20009 SOLD | MLS # DCDC480854
6 2020 SECOND HALF MARKET REPORT
7 2020 SECOND HALF MARKET REPORT
Washington, DC Given the impact of COVID-19 on almost every aspect of life, at the halfway point of 2020, it would have seemed implausible at best to envision the strength of Washington, DC’s real estate market. As it emerged from the early COVID-related shutdowns, DC’s market showed strength in every property type – condos/co-ops, attached and detached homes – and virtually every important metric pointed in the favor of sellers. The pent-up demand from a deferred spring market was further fueled by historically low interest rates. And buyers who came rushing back into the market in the second half of the year found significantly fewer attached and detached homes on the market. That was not the case for condos and co-ops.
MARKET SHARE BY TYPE 2019 Second Half vs. 2020 Second Half Detached Homes
2H2019
15.80%
2H2020
14.20%
Attached Homes
Condominiums
36.78%
47.41%
36.19%
49.61%
At the end of the year, there were 65% more condos and co-ops on the market than at the end of 2019, and smaller units had an even greater disparity. The inventory of studio condos was 250% greater, 1-bedrooms were up 136%, and 2-bedrooms were up 26%. Interestingly, 3-bedroom inventory was down 16%. This strongly suggests that owners of these smaller properties are seeking more elbow room and a lifestyle that involves less dense accommodations. And even though the demand for these units rose throughout the recovery – largely because of low interest rates – the significant shift in the supply vs. demand equation gives condo buyers a little more negotiating leverage. Initial pricing strategy always matters, but it matters even more for DC’s condo sellers.
100%
The inventory of detached homes was down an average of 35% compared to the second half of 2019, and attached home inventory was off almost 20%. But as the charts below indicate, the inventory of condos and co-ops rose steadily.
MARKET SHARE BY PRICE 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
1600
Available 2019 Available 2020
1400 1300
1,347
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
1500
1,550
Washington, DC – Studio Condos/Co-ops
1200
120
1,216
1,274
140
1100
1,114
100 80
1000
60 900 40 800
20
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
700
701
JUNE
767
MAY
600
Washington, DC – 1-Bedroom Condos/Co-ops
400
415
449
492
500
Available 2019 Available 2020
300
380
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020 600
200
288
500 400
100
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Washington, DC – 2-Bedroom Condos/Co-ops Available 2019 Available 2020
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020 700 600 500 400 300 200 100
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
8 2020 SECOND HALF MARKET REPORT
2H2020
2H2019
2H2020
2H2019 1H2019
2H2020
2H2019
2H2020
2H2019
2H2020
100
2H2019
2H2019
200
2H2020
300
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
WASHINGTON, DC Second Half 2019
Second Half 2020
% Change
Number of Units Sold
709
782
10.30%
Average Days on Market
42.5
27.9
-34.35%
Average Sold Price
$1,039,734
$1,190,588
14.51%
Average Original List Price
$1,072,196
$1,205,380
12.42%
97.0%
98.8%
1.86%
Lowest Price Home
$102,219
$169,900
66.21%
Highest Price Home
$9,115,000
$7,295,000
-19.97%
Number of Units Sold
1,650
1,993
20.79%
Average Days on Market
33.0
20.2
-38.79%
Average Sold Price
$808,998
$906,176
12.01%
Average Original List Price
$828,315
$911,203
10.01%
97.7%
99.4%
1.74%
Lowest Price Home
$120,000
$80,000
-33.33%
Highest Price Home
$5,250,000
$5,200,000
-0.95%
Number of Units Sold
2,127
2,732
28.44%
Average Days on Market
35.3
28.7
-18.70%
Average Sold Price
$547,674
$565,958
3.34%
Average Original List Price
$558,877
$578,773
3.56%
98.0%
97.8%
-0.20%
Lowest Price Home
$30,000
$55,000
83.33%
Highest Price Home
$6,500,000
$5,100,000
-21.54%
Number of Units Sold
4,486
5,507
22.76%
Average Days on Market
35.6
25.5
-28.37%
Average Sold Price
$721,561
$777,782
7.79%
Average Original List Price
$739,108
$788,059
6.62%
97.6%
98.7%
1.13%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
9 2020 SECOND HALF MARKET REPORT
30 ALEXANDER STREET Alexandria, VA 22314 SOLD | MLS# VAAX250512
10 2020 SECOND HALF MARKET REPORT
11 2020 SECOND HALF MARKET REPORT
City of Alexandria, Virginia The City of Alexandria rebounded from COVID-19’s impact on the market, but as is true for other close-in jurisdictions, that rebound has been a little uneven. Total unit sales were up a very healthy 37% in the second half of 2020 compared to the same time in 2019. That increase would likely have been higher had there been more detached and attached homes to purchase. There was an average drop of 33% of these types of homes actively on the market, but it was a different story for condos. Historically, condos make up about 40% of all the homes on the market at any given time in Alexandria, followed by attached homes at 35% and detached homes at 25%. But COVID changed that relationship almost overnight.
That shift in the supply vs. demand equation gives condo buyers more negotiating leverage that buyers of attached and detached homes do not have in this market. And that is among the reasons that condos were on the market 32% longer in the second half of 2020 compared to the second half of 2019.
2019 Second Half vs. 2020 Second Half Detached Homes
Attached Homes
18.45%
2H2019
42.02%
39.54%
15.02%
2H2020
Condominiums
43.30%
41.68%
100%
As the region emerged from the COVID-induced shutdowns in May, some clear patterns emerged. Attached home inventory was down an average of 22% and detached home was off 44%. But condo inventory began a steady and significant climb as the charts below indicate. A high percentage of Alexandria’s condo units are in buildings with elevators, and it is clear that a growing number of the owners of these types of properties wanted to exit that lifestyle. By the end of the year, active condo inventory constituted 80% of all the homes on the market. Overall condo inventory was up 254%, and the inventory of smaller units – studios and 1-bedrooms – was up even more.
MARKET SHARE BY TYPE
MARKET SHARE BY PRICE 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
397
400
325
325
Available 2019 Available 2020
300
291
6
304
317
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
350
350
City of Alexandria – Studio Condos
5
275
250
253
4 3
225
2
200
197
1
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
175
DECEMBER
150
125
134
City of Alexandria – 1-Bedroom Condos Available 2019 Available 2020
100
75
82
95
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020 90 80
50
70 25
31
60 50
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
City of Alexandria – 2-Bedroom Condos Available 2019 Available 2020
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020 140 120 100 80 60 40 20
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
12 2020 SECOND HALF MARKET REPORT
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
10
2H2020
20
2H2019
2H2019
30
2H2020
40
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
CITY OF ALEXANDRIA Second Half 2019
Second Half 2020
% Change
Number of Units Sold
216
241
11.57%
Average Days on Market
27.6
32.3
16.67%
Average Sold Price
$929,666
$1,147,373
23.42%
Average Original List Price
$945,071
$1,181,208
24.99%
98.4%
97.1%
-1.32%
Lowest Price Home
$425,000
$525,000
23.53%
Highest Price Home
$2,825,000
$4,825,000
70.80%
Number of Units Sold
463
695
50.11%
Average Days on Market
21.7
22.1
1.84%
Average Sold Price
$713,484
$772,552
8.28%
Average Original List Price
$716,512
$778,582
8.66%
99.6%
99.2%
-0.40%
Lowest Price Home
$215,000
$270,000
25.58%
Highest Price Home
$2,496,041
$3,400,000
36.22%
Number of Units Sold
492
669
35.98%
Average Days on Market
16.0
21.2
32.50%
Average Sold Price
$324,061
$454,267
40.18%
Average Original List Price
$325,729
$458,334
40.71%
99.5%
99.1%
-0.40%
Lowest Price Home
$110,500
$123,000
11.31%
Highest Price Home
$2,850,000
$5,250,000
84.21%
Number of Units Sold
1,171
1,605
37.06%
Average Days on Market
20.4
23.2
13.73%
Average Sold Price
$589,743
$696,165
18.05%
Average Original List Price
$594,482
$705,552
18.68%
99.2%
98.7%
-0.50%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
13 2020 SECOND HALF MARKET REPORT
928 N DANIEL STREET Arlington, VA 22201 SOLD | MLS# VAAR169568
14 2020 SECOND HALF MARKET REPORT
15 2020 SECOND HALF MARKET REPORT
Arlington County & Falls Church City, Virginia
Since a high percentage of Arlington’s condo units are in building with elevators, this suggests that owners of these types of properties would like to exit that lifestyle, and there aren’t enough buyers who want it. That shift in the supply vs. demand equation gives condo buyers a little more negotiating leverage. And that is among the reasons that condos were on the market longer than last year.
Attached Homes
Arlington County 2H2019
35.04%
2H2020
37.52%
18.24%
46.72%
20.85%
41.63%
Falls Church City 55.17%
2H2019
17.24%
44.04%
2H2020
22.02%
27.59% 33.94%
MARKET SHARE BY PRICE - ARLINGTON COUNTY 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+ 400
357
Falls Church City Detached and attached homes sold much more rapidly in the second half of 2020, while condos sold in just about the same amount of time. The real estate market in Falls Church is very healthy, and, as is true throughout the region, the biggest challenge is the lack of available inventory – especially for detached and attached homes.
350
300
297
334
250
250
Arlington County – Studio Condos/Co-ops
Available 2019 Available 2020
200
184
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
Condominiums
246
At the end of the year, there were 360% more condos and co-ops on the market than at the end of 2019, and smaller units had an even greater disparity. The inventory of studio condos was 575% greater, and 1-bedrooms were up 753%. 2-bedrooms were up 388%, and, interestingly, 3-bedroom inventory was up “only” 57%.
Detached Homes
100%
The story of available inventory is substantially different. The inventory of detached homes was down an average of 60% compared to the second half of 2019 and attached home inventory was off almost 10%. But as the charts below indicate, the inventory of condos and co-ops rose steadily and significantly.
2019 Second Half vs. 2020 Second Half
347
Arlington County Almost every important market indicator in the second half of 2020 was improved compared to the second half of 2019. Fueled by record low interest rates and pent-up demand from a spring market that was crushed by COVID-19, the number of sales increased for detached (up 31%), attached (up 40%), and condos (up 9%). With the exception of condos, they sold more rapidly as well.
MARKET SHARE BY TYPE
367
As is true throughout the Washington metro area, Arlington County and Falls Church City’s real estate markets had exceptionally strong rebounds following the loosening of the COVID-related shutdown in the spring of 2020.
150
162
160
30
130
25 20
100
83
15 10
50
Available 2019 Available 2020
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
2H2020
2H2019
2H2020
Arlington County – 1-Bedroom Condos
2H2019
DECEMBER
2H2020
NOVEMBER
2H2019
OCTOBER
2H2020
SEPTEMBER
2H2019
AUGUST
2H2020
JULY
2H2019
JUNE
2H2020
MAY
2H2019
5
MARKET SHARE BY PRICE - FALLS CHURCH CITY 2019 Second Half vs. 2020 Second Half
200 180 160
40
140 120
35
100 80
30
60
29
40 20
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
25
JULY
20
23
JUNE
21
MAY
25
25
18
Arlington County – 2-Bedroom Condos
17
15
Available 2019 Available 2020 11
200
11
10
10
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
5
180
4
2
160
80 60 40
16
20
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
2020 SECOND HALF MARKET REPORT
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
100
2H2019
2H2019
120
2H2020
140
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
ARLINGTON COUNTY
FALLS CHURCH CITY
Second Half 2019
Second Half 2020
% Change
Second Half 2019
Second Half 2020
% Change
Number of Units Sold
459
603
31.37%
48
48
0.00%
Average Days on Market
37.0
31.2
-15.68%
45.7
24.4
-46.61%
Average Sold Price
$1,091,595
$1,159,486
6.22%
$989,360
$1,141,809
15.41%
Average Original List Price
$1,115,097
$1,166,707
4.63%
$1,005,531
$1,155,723
14.94%
97.9%
99.4%
1.53%
98.4%
98.8%
0.41%
Lowest Price Home
$400,000
$458,000
14.50%
$470,000
$635,000
35.11%
Highest Price Home
$2,910,735
$3,470,000
19.21%
$1,646,600
$1,974,000
19.88%
Number of Units Sold
239
335
40.17%
15
24
60.00%
Average Days on Market
15.6
14.8
-5.13%
24.8
10.8
-56.45%
Average Sold Price
$642,226
$717,986
11.80%
$760,967
$706,675
-7.13%
Average Original List Price
$639,830
$718,105
12.23%
$772,860
$702,058
-9.16%
100.4%
100.0%
-0.40%
98.5%
100.7%
2.23%
Lowest Price Home
$151,000
$325,000
115.23%
$430,000
$420,000
-2.33%
Highest Price Home
$3,210,000
$1,985,000
-38.16%
$940,000
$1,100,000
17.02%
Number of Units Sold
612
669
9.31%
24
37
54.17%
Average Days on Market
22.5
27.7
23.11%
21.5
20.1
-6.51%
Average Sold Price
$444,665
$468,907
5.45%
$475,663
$415,709
-12.60%
Average Original List Price
$448,214
$479,375
6.95%
$481,516
$419,909
-12.79%
99.2%
97.8%
-1.41%
98.8%
99.0%
0.20%
Lowest Price Home
$95,000
---
-100.00%
$185,000
$189,900
2.65%
Highest Price Home
$3,200,000
---
-100.00%
$775,000
$751,000
-3.10%
Number of Units Sold
1,310
1,607
22.67%
87
109
25.29%
Average Days on Market
26.3
26.3
0.00%
35.4
20.0
-43.50%
Average Sold Price
$707,381
$779,959
10.26%
$808,272
$799,525
-1.08%
Average Original List Price
$716,837
$787,051
9.79%
$820,859
$806,062
-1.80%
98.7%
99.1%
0.41%
98.5%
99.2%
0.71%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Averae Sold Price vs. List Price
Average Sold Price vs. List Price
17 2020 SECOND HALF MARKET REPORT
1201 MARION AVENUE McLean, VA 22101 SOLD | MLS# VAFX1111734
18 2020 SECOND HALF MARKET REPORT
19 2020 SECOND HALF MARKET REPORT
Fairfax County & Fairfax City, Virginia Fairfax County and City saw a healthy rebound in the second half of 2020 as the region emerged from the COVID-19 shutdowns. Total unit sales were up roughly 20% for each of the three property types – detached, attached, and condos – compared to the same six-month period the previous year. As was true throughout most of the region, that increase would likely have been greater had there been more detached and attached homes to purchase. There was an average drop of 42% for detached homes actively on the market, and a drop of 37% for attached homes. With the surge in demand, that big drop in available inventory meant there was very tight supply, driving prices higher. But it was a bit of a different story for condos.
MARKET SHARE BY TYPE 2019 Second Half vs. 2020 Second Half Detached Homes
Attached Homes
Condominiums
2H2019
50.31%
31.90%
17.80%
2H2020
50.25%
32.10%
17.66%
The charts below show that as the region emerged from the COVID-induced shutdowns in May, condo inventory began a steady climb. By year’s end, active condo inventory was up 85% compared to the end of 2019, and the inventory of smaller units was up even more. There were 160% more 1-bedroom units and 100% more 2-bedroom units on the market, a clear indication that more sellers than buyers were looking for additional elbow room as a means of coping with the COVID pandemic.
MARKET SHARE BY PRICE 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
3500
3,491
And as is true in the closer-in jurisdictions, that shift in the supply vs. demand equation gives condo buyers a bit more negotiating leverage that buyers of attached and detached homes do not have in this market.
100%
The closer in jurisdictions with more dense living conditions and more condos with “elevator living” – DC, Arlington County, and Alexandria City – saw enormous increases in condo inventory. In Fairfax, where there are fewer high-rise condos, the increase was noticeable but not as significant.
3250
Fairfax County & City – 1-Bedroom Condos
3000
Available 2019 Available 2020
2750
2,796
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
2,628
140
2500
2,516
160
2250
120 100
2000
80 1750 60 1500
1,688
40 20
1250
NOVEMBER
1000
DECEMBER
750
742
Fairfax County & City – 2-Bedroom Condos
500
381
468
Available 2019 Available 2020
Month-End Available Inventory Last 8 Months of 2019 vs. Last 8 Months of 2020
228
OCTOBER
2H2020
SEPTEMBER
2H2019
AUGUST
1,071
JULY
929
JUNE
924
MAY
300 250 200 150 100 50
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
20 2020 SECOND HALF MARKET REPORT
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
350
2H2020
2H2019
400
250
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
FAIRFAX COUNTY & FAIRFAX CITY Second Half 2019
Second Half 2020
% Change
Number of Units Sold
4,085
4,895
19.83%
Average Days on Market
42.4
28.8
-32.08%
Average Sold Price
$797,674
$879,728
10.29%
Average Original List Price
$822,134
$890,386
8.30%
97.0%
98.8%
1.86%
Lowest Price Home
$230,000
$250,000
8.70%
Highest Price Home
$8,575,000
$24,000,000
179.88%
Number of Units Sold
2,590
3,127
20.73%
Average Days on Market
21.7
15.1
-30.41%
Average Sold Price
$477,367
$516,142
8.12%
Average Original List Price
$480,788
$513,762
6.86%
99.3%
100.5%
1.21%
Lowest Price Home
$165,000
$135,000
-18.81%
Highest Price Home
$2,300,000
$2,400,000
4.35%
Number of Units Sold
1,445
1,720
19.03%
Average Days on Market
23.8
22.3
-6.30%
Average Sold Price
$309,284
$332,199
7.41%
Average Original List Price
$313,466
$336,463
7.34%
98.7%
98.7%
0.00%
Lowest Price Home
$100,077
$91,000
-9.07%
Highest Price Home
$1,862,000
$2,230,000
19.76%
Number of Units Sold
8,120
9,742
19.98%
Average Days on Market
32.5
23.2
-28.62%
Average Sold Price
$608,596
$666,354
9.49%
Average Original List Price
$622,754
$671,699
7.86%
97.7%
99.2%
1.54%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
21 2020 SECOND HALF MARKET REPORT
4405 BUTTERWORTH PL NW Washington, DC 20016 SOLD | MLS# DCDC478420
22 2020 SECOND HALF MARKET REPORT
23 2020 SECOND HALF MARKET REPORT
Loudoun County, Virginia Attached Homes
Condominiums
2H2019
46.73%
35.90%
17.37%
2H2020
47.89%
33.95%
18.17%
MARKET SHARE BY PRICE 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
1800
1,710
1700 1600 1500 1400 1300
1308
• By the end of the year, overall inventory was down 56% compared to the previous December, and unlike the closer-in jurisdictions, inventory was down for all three property types: • Detached home inventory was down 57% • Attached home inventory was down 70% • Condo inventory was down 24% • The total number of sales was up 30% • Detached home sales were up 34% • Attached homes sales were up 24% — and it would have been more had there been more inventory • Condo sales were up 37% • The average days on the market for homes sold dropped from 33 days in the second half of 2019 to just two weeks in the second half of 2020.
Detached Homes
100%
We have rarely seen such a confluence of factors change the market almost overnight. Record low mortgage interest rates, a big jump in the number of buyers, and a stunning lack of inventory all combined to turn Loudoun County into an aggressive sellers’ market. Consider these metrics:
2019 Second Half vs. 2020 Second Half
1,532
Loudoun had been hit hard in the spring of 2020 with the COVID-19 shutdowns, but as the market began to rebound in late May, Loudoun County clearly benefitted from the desire purchasers had to find larger accommodations in less densely populated areas.
MARKET SHARE BY TYPE
1,421
Loudoun County, along with its suburban neighbor Prince William County, had the hottest market in the metro area in the second half of 2020.
The biggest constraint in Loudoun County in the months ahead will be the lack of inventory. As an example, at the end of January 2021 there were only 33 townhomes on the market in the entire county, and the average days on the market for townhomes going under contract in January was just 8 days. It’s a great time to be a seller in Loudoun – and a pretty challenging time to be a buyer.
1200 1100 1000 900
825
800 700 600 500 400
24 2020 SECOND HALF MARKET REPORT
21
59 2H2020
2H2019
93
201 2H2020
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2019
200
242 2H2020
2H2019
262
396
300
100
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
LOUDOUN COUNTY Second Half 2019
Second Half 2020
% Change
Number of Units Sold
1,636
2,188
33.74%
Average Days on Market
44.8
25.8
-42.41%
Average Sold Price
$690,696
$781,908
13.21%
Average Original List Price
$709,854
$786,514
10.80%
97.3%
99.4%
2.16%
Lowest Price Home
$115,000
$195,000
69.57%
Highest Price Home
$3,300,000
$15,595,000
372.58%
Number of Units Sold
1,257
1,551
23.39%
Average Days on Market
24.0
13.0
-45.83%
Average Sold Price
$475,885
$513,682
7.94%
Average Original List Price
$480,112
$511,580
6.55%
99.1%
100.4%
1.31%
Lowest Price Home
$180,500
$200,000
10.80%
Highest Price Home
$2,150,000
$1,195,000
-44.42%
Number of Units Sold
608
830
36.51%
Average Days on Market
24.7
23.5
-4.86%
Average Sold Price
$331,205
$361,478
9.14%
Average Original List Price
$335,134
$363,211
8.38%
98.8%
99.5%
0.71%
Lowest Price Home
$107,700
$150,000
39.28%
Highest Price Home
$765,000
$796,786
4.16%
Number of Units Sold
3,501
4,569
30.51%
Average Days on Market
33.8
21.1
-37.57%
Average Sold Price
$551,140
$614,481
11.49%
Average Original List Price
$562,292
$616,288
9.60%
98.0%
99.7%
1.73%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
25 2020 SECOND HALF MARKET REPORT
428 N WASHINGTON STREET Alexandria, VA 22314 SOLD | MLS# VAAX249834
26 2020 SECOND HALF MARKET REPORT
27 2020 SECOND HALF MARKET REPORT
Prince William County, Virginia Prince William County (including Manassas City and Manassas Park), along with its suburban neighbor Loudoun County, had the hottest market in the metro area in the second half of 2020. Prince William was impacted in the spring of 2020 with the COVID-19 shutdowns as much as any jurisdiction in the metro area, but as the market began to rebound in late May, the county clearly benefitted from the desire purchasers had to find larger accommodations in less densely populated areas. While there was no mass migration to the outer suburbs, these areas absolutely outperformed those areas closest to the city center.
MARKET SHARE BY TYPE 2019 Second Half vs. 2020 Second Half Detached Homes
Attached Homes
Condominiums
2H2019
55.54%
40.22%
4.24%
2H2020
55.53%
40.28%
4.19%
MARKET SHARE BY PRICE - PRINCE WILLIAM COUNTY 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
2600
2,534
2400
2200
2000
2,102
• By the end of the year, overall inventory was down 57% compared to the previous December, and unlike the closer-in jurisdictions, inventory was down for all three property types: • Detached home inventory was down 64% • Attached home inventory was down 61% • Condo inventory was down 42% • The total number of sales was up 29% • Detached home sales were up 29% • Attached homes sales were up 30% • Condo sales were up 27% • The average days on market for homes sold dropped from 33 days in the second half of 2019 to just over two weeks in the second half of 2020.
100%
We have rarely seen such a confluence of factors change the market almost overnight. Record low mortgage interest rates, a big jump in the number of buyers, and a stunning lack of inventory all combined to turn Prince William County into an aggressive sellers’ market. Consider these metrics:
1800
1600
1400
1,488
The biggest constraint in Prince William County in the months ahead will continue to be the lack of inventory. As an example, at the end of January 2021, there were only 60 townhomes on the market in the entire county, and the average days on the market for townhomes going under contract in January was just 8 days. It’s a great time to be a seller in Prince William – and a pretty challenging time to be a buyer.
1200
1000
600
622
768
813
800
28 2020 SECOND HALF MARKET REPORT
175
19
44
2
3
2H2020
2H2019
2H2020
200
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
70
400
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
PRINCE WILLIAM COUNTY Second Half 2019
Second Half 2020
% Change
Number of Units Sold
2,096
2,702
28.91%
Average Days on Market
39.2
16.2
-58.67%
Average Sold Price
$483,313
$539,039
11.53%
Average Original List Price
$493,630
$536,396
8.66%
97.9%
100.5%
2.66%
Lowest Price Home
$149,877
$140,000
-6.59%
Highest Price Home
$1,524,105
$1,825,000
19.74%
Number of Units Sold
1,518
1,960
29.12%
Average Days on Market
26.5
13.7
-48.30%
Average Sold Price
$329,799
$360,929
9.44%
Average Original List Price
$333,436
$358,586
7.54%
98.9%
100.7%
1.82%
Lowest Price Home
$155,000
$171,000
10.32%
Highest Price Home
$618,750
$880,000
42.22%
Number of Units Sold
160
204
27.50%
Average Days on Market
23.0
19.5
-15.22%
Average Sold Price
$228,389
$264,892
15.98%
Average Original List Price
$232,005
$267,116
15.13%
98.4%
99.2%
0.81%
Lowest Price Home
$90,000
$138,000
53.33%
Highest Price Home
$495,000
$550,000
11.11%
Number of Units Sold
3,774
4,866
28.93%
Average Days on Market
33.4
15.3
-54.19%
Average Sold Price
$410,758
$455,804
10.97%
Average Original List Price
$418,104
$453,486
8.46%
98.2%
100.5%
2.34%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
29 2020 SECOND HALF MARKET REPORT
3205 MCKINLEY STREET NW Washington, DC 20015 SOLD | MLS# DCDC479044
30 2020 SECOND HALF MARKET REPORT
31 2020 SECOND HALF MARKET REPORT
Fauquier County, Virginia As we have noted in some of our other area commentaries, real estate in the entire greater Washington, DC metro area has fared very well in the rebound that followed a rough spring because of the COVID-related shutdowns. But the inner and outer suburbs have outperformed the more urban areas, and Fauquier County is no exception.
• By the end of the year, overall inventory was down 50% compared to the previous December. (Detached homes represent 90% of all inventory, and condos are almost non-existent.) • Detached home inventory was down 50% • Attached home inventory was down 50% • The total number of sales was up 30% • Detached home sales were up 34% • Attached homes sales were up 10% • The average days on market for homes sold was down 25%, although it was still the longest average time on the market in the region. In the second half of 2019, the average days on the market was 62, and it dropped to 46 in the second half of 2020. • The average sales price rose 10%.
2019 Second Half vs. 2020 Second Half Detached Homes
Attached Homes
Condominiums
8.08%
87.72%
2H2019 2H2020
90.23%
6.80%
4.20% 2.97%
100%
Fauquier County was a popular destination for those buyers seeking significantly larger lots and much more elbow room. Although the market was not as overheated as Loudoun and Prince William Counties, every market metric pointed in a positive direction:
MARKET SHARE BY TYPE
MARKET SHARE BY PRICE - FAUQUIER COUNTY 2019 First Half vs. 2020 First Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
400 380 360 340
345
Fauquier County is the most rural of the communities we profile, and it saw significant improvement in its real estate market in the second half of 2020.
320 300 280
269
260
249
240 220 200 180
165
160
145
140 120
104
100 80
32 2020 SECOND HALF MARKET REPORT
15
13
2H2020
2H2019
40 20
2H2020
7 2H2019
1H2020
1H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
20
26
70
60
DETACHED HOMES
FAUQUIER COUNTY Second Half 2019
Second Half 2020
% Change
Number of Units Sold
543
730
34.44%
Average Days on Market
65.9
50.5
-23.37%
Average Sold Price
$521,097
$575,312
10.40%
Average Original List Price
$548,772
$590,898
7.68%
95.0%
97.4%
2.53%
Lowest Price Home
$75,000
$112,000
49.33%
Highest Price Home
$5,300,000
$4,265,000
-19.53%
50
55
10.00%
21.9
11.6
-47.03%
Average Sold Price
$271,761
$292,449
7.61%
Average Original List Price
$274,304
$292,486
6.63%
99.1%
100.0%
0.91%
Lowest Price Home
$170,000
$170,000
0.00%
Highest Price Home
$390,000
$400,000
2.56%
26
24
-7.69%
57.1
13.8
-75.83%
Average Sold Price
$232,377
$252,292
8.57%
Average Original List Price
$244,200
$252,748
3.50%
95.2%
99.8%
4.83%
Lowest Price Home
$125,000
$125,000
0.00%
Highest Price Home
$389,000
$405,000
4.11%
Number of Units Sold
619
809
30.69%
Average Days on Market
62.0
46.8
-24.52%
Average Sold Price
$488,830
$546,498
11.80%
Average Original List Price
$513,808
$560,579
9.10%
95.1%
97.5%
2.52%
Average Sold Price vs. List Price
Number of Units Sold
ATTACHED HOMES
Average Days on Market
Average Sold Price vs. List Price
Number of Units Sold
ALL PROPERTIES
CONDOMINIUMS
Average Days on Market
Average Sold Price vs. List Price
Average Sold Price vs. List Price
33 2020 SECOND HALF MARKET REPORT
4415 19TH STREET N Arlington, VA 22207 SOLD | MLS# VAAR165340
34 2020 SECOND HALF MARKET REPORT
35 2020 SECOND HALF MARKET REPORT
Montgomery County, Maryland Montgomery County had a great second half of 2020 after a challenging first half of the year. There was strength across all property types and all price ranges, but as is the case with many other jurisdictions in the DC metro area, condos did not perform quite as well as attached and detached homes. While the inventory of attached and detached homes was down in a consequential way, condo inventory rose by a fairly modest amount. And almost all of the increase in condo inventory came in the closer-in portions of the County where many of the condos are in high-rise buildings. Throughout the region, condo inventory has risen in “elevator living” communities.
MARKET SHARE BY TYPE 2019 Second Half vs. 2020 Second Half Detached Homes
Attached Homes
Condominiums
2H2019
54.61%
27.06%
18.32%
2H2020
53.37%
27.98%
18.65%
100%
Here are the key market metrics:
MARKET SHARE BY PRICE 2019 Second Half vs. 2020 Second Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
2,600
2,455
2600
2400
2200
2,088
2000
1800
1,590
1600
1400
1,449
1,350
• At the end of the year, overall inventory was down 37% compared to the previous December. • Detached home inventory was down 57% • Attached home inventory was down 47% • Condo inventory was up 11% • The total number of sales was up 19% • Detached home sales were up 17% • Attached homes sales were up 23% • Condo sales were up 21% • The average days on the market for homes sold was down 32%, from an average of 47 days in the second half of 2019 to just 29 days in the second half of 2020. • The average days on market for detached homes was down 38% • The average days on market for attached homes was down 36% • The average days on market for condos was down 11% • The greater demand, combined with the big drop in inventory for detached and attached homes, was reflected in the average sales price — and the increase in condo inventory had an impact as well. • The average sales price of detached homes rose 12% • The average sales price of attached homes rose 5% • However, the average sales price of condos dropped 5%
1200
1000
800
902
This will continue to be a great time for sellers in Montgomery County (except for condos) and a challenging time for purchasers who have relatively few choices of homes on the market.
538
622
600
36 2020 SECOND HALF MARKET REPORT
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
213
338
406
400
200
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
MONTGOMERY COUNTY Second Half 2019
Second Half 2020
% Change
Number of Units Sold
3,624
4,224
16.56%
Average Days on Market
47.1
29.4
-37.58%
Average Sold Price
$715,542
$803,530
12.30%
Average Original List Price
$741,181
$808,850
9.13%
96.5%
99.3%
2.90%
Lowest Price Home
$140,000
$195,000
39.29%
Highest Price Home
$6,900,000
$15,000,000
117.39%
Number of Units Sold
1,796
2,215
23.33%
Average Days on Market
34.2
22.1
-35.38%
Average Sold Price
$402,940
$423,486
5.10%
Average Original List Price
$409,924
$423,283
3.26%
98.3%
100.0%
1.73%
Lowest Price Home
$68,500
$132,500
93.43%
Highest Price Home
$1,842,875
$1,700,000
-7.75%
Number of Units Sold
1,216
1,476
21.38%
Average Days on Market
42.9
38.2
-10.96%
Average Sold Price
$322,418
$306,043
-5.08%
Average Original List Price
$333,611
$315,155
-5.53%
96.6%
97.1%
0.52%
Lowest Price Home
$55,000
$58,050
5.55%
Highest Price Home
$3,715,000
$3,180,000
-14.40%
Number of Units Sold
6,636
7,915
19.27%
Average Days on Market
42.8
29.0
-32.24%
Average Sold Price
$558,901
$604,403
8.14%
Average Original List Price
$576,844
$608,885
5.55%
96.9%
99.3%
2.48%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
37 2020 SECOND HALF MARKET REPORT
2400 TUNLAW ROAD NW Washington, DC 20007 SOLD | MLS# DCDC491492
38 2020 SECOND HALF MARKET REPORT
39 2020 SECOND HALF MARKET REPORT
Prince George’s County, Maryland Detached Homes
Attached Homes
Condominiums
65.55%
2H2019
64.21%
2H2020
27.33%
7.12%
28.25%
7.54%
MARKET SHARE BY PRICE 2019 First Half vs. 2020 First Half $0-$299K
$300K-$499K
$500K-$749K
$750K-$999K
$1M-$1.49M
$1.5M+
3600
3,489
3400 3200 3000
2,807
2800 2600 2400
2,489
• At the end of year, overall inventory was down 55% compared to the previous December. That’s comparable to the major drop in inventory in Virginia’s outer suburbs. • Detached home inventory was down 60% • Attached home inventory was down 59% • Condo inventory was down 23% • The total number of sales was up 10% • Detached home sales were up 8% • Attached homes sales were up 14% • Condo sales were up 17% • The average days on the market for homes sold was down 37%, from an average of 38 days in the second half of 2019 to just 24 days in the second half of 2020. • The average days on market for detached homes was down 44% • The average days on market for attached homes was down 20% • The average days on market for condos was up just 2% • The greater demand, combined with the big drop in inventory, was reflected in the average sales price. Overall the price rose 12% • The average sales price of detached homes rose 12% • The average sales price of attached homes rose 11% • The average sales price of condos rose 17% • And perhaps most remarkable, homes sold for an average of 100.3% of their original list price; that is the best in the Metro area.
2019 Second Half vs. 2020 Second Half
100%
The County did not escape the extreme difficulties in the first half of the year when COVID-19 shut down much of the economy but saw acrossthe-board improvement in every sector of the market in the second half. Prince George’s continues to have the most affordable housing stock in the region, and historically low mortgage interest rates helped open the door to many first-time home buyers who were attracted to those relatively affordable homes. Yet that strong market also meant that inventory dropped in a consequential way, resulting in an exceptionally strong seller’s market. Here’s a recap of the most important metrics:
MARKET SHARE BY TYPE
2200 2000 1800
1,959
Prince George’s County’s real estate market performed better than almost any other metro area jurisdiction in the second half of 2020.
1600 1400 1200 1000
This will continue to be a great time for sellers in Montgomery County (except for condos) and a challenging time for purchasers who have relatively few choices for homes on the market.
875
800 600
490
400
40 2020 SECOND HALF MARKET REPORT
6
8
2H2019
2H2020
1
75 2H2020
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
2H2020
2H2019
0
23 2H2019
200
ALL PROPERTIES
CONDOMINIUMS
ATTACHED HOMES
DETACHED HOMES
PRINCE GEORGE’S COUNTY Second Half 2019
Second Half 2020
% Change
Number of Units Sold
3,812
4,114
7.92%
Average Days on Market
42.7
23.8
-44.26%
Average Sold Price
$364,692
$409,183
12.20%
Average Original List Price
$372,463
$406,961
9.26%
97.9%
100.5%
2.66%
Lowest Price Home
$76,000
$60,000
-21.05%
Highest Price Home
$1,400,000
$1,330,000
-5.00%
Number of Units Sold
1,589
1,810
13.91%
Average Days on Market
30.5
24.3
-20.33%
Average Sold Price
$289,585
$321,426
11.00%
Average Original List Price
$293,018
$320,780
9.47%
98.8%
100.2%
1.42%
Lowest Price Home
$55,000
$65,000
18.18%
Highest Price Home
$772,900
$870,000
12.56%
Number of Units Sold
414
483
16.67%
Average Days on Market
29.5
30.1
2.03%
Average Sold Price
$151,118
$176,771
16.98%
Average Original List Price
$154,998
$181,436
17.06%
97.5%
97.4%
-0.10%
Lowest Price Home
$38,000
$50,000
31.58%
Highest Price Home
$650,000
$1,500,000
130.77%
Number of Units Sold
5,815
6,407
10.18%
Average Days on Market
38.5
24.5
-36.36%
Average Sold Price
$328,963
$366,871
11.52%
Average Original List Price
$335,271
$365,613
9.05%
98.1%
100.3%
2.24%
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
Average Sold Price vs. List Price
41 2020 SECOND HALF MARKET REPORT
M c E N E A R N E Y A S S O C I AT E S
L U X U RY LISTINGS SHOWCASE
2205 WINDSOR ROAD Alexandria, VA 22307 $2,750,000 | MLS# VAFX1180050
42 2020 SECOND HALF MARKET REPORT
43 2020 SECOND HALF MARKET REPORT
1834 CONNECTICUT AVE NW $3,995,000 Washington, DC 20009 10 Bedrooms | 4 Full + 3 Half Baths Exclusively Represented by Gerry Gretschel, 202.494.7918 BrightMLS# DCDC466178
208 S SAINT ASAPH ST $3,750,000 Alexandria, VA 22314 5 Bedrooms | 3 Full + 1 Half Baths Exclusively Represented by Babs Beckwith, 703.627.5421 BrightMLS# VAAX252896
4805 ROCK SPRING RD $3,450,000 Arlington, VA 22207 5 Bedrooms | 6 Full + 2 Half Baths Exclusively Represented by Lisa Joy, 703.408.3450 BrightMLS# VAAR175622
44 2020 SECOND HALF MARKET REPORT
3a N RIDGEVIEW RD $3,400,000 Arlington, VA 22207 5 Bedrooms | 6 Full + 1 Half Baths Exclusively Represented by Lisa Joy, 703.408.3450 BrightMLS# VAAR168476
4a N RIDGEVIEW RD $3,200,000 Arlington, VA 22207 5 Bedrooms | 6 Full + 1 Half Baths Exclusively Represented by Lisa Joy, 703.408.3450 BrightMLS# VAAR168366
410 PRINCE ST $2,997,000 Alexandria, VA 22314 4 Bedrooms | 3 Full + 1 Half Baths Exclusively Represented by Vici Boguess, 703.447.2829 BrightMLS# VAAX253662
45 2020 SECOND HALF MARKET REPORT
2205 WINDSOR RD $2,750,000 Alexandria, VA 22307 8 Bedrooms | 8 Full + 2 Half Baths Exclusively Represented by Mary Ellen Rotondo, 703.472.5454 BrightMLS# VAFX1180050
1011 N WASHINGTON ST $2,750,000 Alexandria, VA 22314 5 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Kate Patterson, 703.627.2166 BrightMLS# VAAX255096
38780 CHELTEN LN $2,425,000 Middleburg, VA 20117 4 Bedrooms | 4 Full + 4 Half Baths Exclusively Represented by Bradley Clarke, 703.220.5707 BrightMLS# VALO385602
46 2020 SECOND HALF MARKET REPORT
221 N ROYAL ST $2,100,000 Alexandria, VA 22314 4 Bedrooms | 3 Full + 1 Half Baths Exclusively Represented by Ann Duff, 703.965.8700 BrightMLS# VAAX249276
2101 BELLE HAVEN RD $2,000,000 Alexandria, VA 22307 5 Bedrooms | 5 Full + 1 Half Baths Exclusively Represented by Janet Price, 703.622.5984 BrightMLS# VAFX1176398
4848 28TH ST N $1,999,000 Arlington, VA 22207 5 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Chamberlin Brothers, 703.738.4449 BrightMLS# VAAR166028
47 2020 SECOND HALF MARKET REPORT
1718 N MONROE ST $1,949,999 Arlington, VA 22207 5 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Chamberlin Brothers, 703.738.4449 BrightMLS# VAAR166210
9 WILKES ST $1,896,000 Alexandria, VA 22314 3 Bedrooms | 3 Full + 2 Half Baths Exclusively Represented by Lauren Bishop, 202.447.6138 BrightMLS# VAAX252124
3823 N RANDOLPH CT $1,875,000 Arlington, VA 22207 4 Bedrooms | 3 Full + 2 Half Baths Exclusively Represented by Ann Nichols, 703.624.9122 BrightMLS# VAAR175508
48 2020 SECOND HALF MARKET REPORT
106 N QUAKER LN $1,799,999 Alexandria, VA 22304 5 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Kristen Jones, 703.851.2556 BrightMLS# VAAX253872
4704 ALTON PL NW $1,795,000 Washington, DC 20016 5 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Joan Caton Cromwell, 202.441.8912 BrightMLS# DCDC507372
611 QUEEN ST $1,795,000 Alexandria, VA 22314 4 Bedrooms | 3 Full + 1 Half Baths Exclusively Represented by Babs Beckwith, 703.627.5421 BrightMLS# VAAX250468
49 2020 SECOND HALF MARKET REPORT
1721 N TAYLOR ST $1,749,000 Arlington, VA 22207 5 Bedrooms | 4 Full + 1 Half Bath Exclusively Represented by Janet Price, 703.622.5984 BrightMLS# VAAR174560
201 QUAKER LN $1,695,000 Alexandria, VA 22304 3 Bedrooms | 3 Full Baths Exclusively Represented by Gordon Woods & Chris Hayes, 703.447.6138 BrightMLS# VAAX241762
5214 11TH ST N $1,675,000 Arlington, VA 22205 5 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Betsy Twigg, 703.967.4391 BrightMLS# VAAR173952
50 2020 SECOND HALF MARKET REPORT
314 E DEL RAY AVE $1,400,000 Alexandria, VA 22301 4 Bedrooms | 3 Full Baths Exclusively Represented by Jen Walker, 703.675.1566 BrightMLS# VAAX256020
210 JEFFERSON ST $1,249,000 Alexandria, VA 22314 5 Bedrooms | 3 Full + 1 Half Baths Exclusively Represented by Lauren Bishop, 202.361.5079 BrightMLS# VVAAX251318
708 DUKE ST $1,225,000 Alexandria, VA 22314 3 Bedrooms | 2 Full + 1 Half Baths Exclusively Represented by Lauren Bishop, 202.361.5079 BrightMLS# VAAX255266
51 2020 SECOND HALF MARKET REPORT
4349 4TH ST N $1,125,000 Arlington, VA 22203 4 Bedrooms | 4 Full + 1 Half Baths Exclusively Represented by Barbara Simon & Robin Cale, 703.598.4662 BrightMLS# VAAR174242
1110 PRINCE ST $1,095,000 Alexandria, VA 22314 4 Bedrooms | 2 Full + Baths Exclusively Represented by Paul Anderson, 703.408.0676 BrightMLS# VAAX255660
1411 KEY BLVD #311 $1,065,000 Arlington, VA 22209 2 Bedrooms | 2 Full Baths Exclusively Represented by Anne Martone, 571.213.3991 BrightMLS# VAAR169596
52 2020 SECOND HALF MARKET REPORT
53 2020 SECOND HALF MARKET REPORT
M c E N E A R N E Y A S S O C I AT E S
Leadership Management Team
MAUREEN McENEARNEY DUNN
DAVID HOWELL
President mdunn@mcenearney.com tel. 703.790.9090
Chief Information Officer EVP & Principal Broker, DC & MD dhowell@mcenearney.com tel. 202.552.5610
DAVE HAWKINS
CANDICE BOWER
Chief Operating Officer EVP & Principal Broker, VA Managing Broker, Alexandria dhawkins@mcenearney.com tel. 703.286.1285
Executive Vice President Managing Broker, Leesburg & Middleburg cbower@mcenearney.com tel. 703.738.8260
MICHAEL DAY
ANDY HILL
Executive Vice President Managing Broker, Alexandria mday@mcenearney.com tel. 703.549.9292
Executive Vice President Managing Broker, DC & MD ahill@mcenearney.com tel. 202.552.5619
GLENN LEWIS
JON WOLFORD
Executive Vice President Managing Broker, Arlington glewis@mcenearney.com tel. 703.717.6311
Executive Vice President Managing Broker, McLean jwolford@mcenearney.com tel. 703.738.9516
JEANNE CHOI
DENIZ ARTEMEL
Vice President & Chief Marketing Officer jchoi@mcenearney.com tel. 703.738.9568
Vice President, Professional Development dartemel@mcenearney.com tel. 202.552.5629
TRUDY MCCULLOUGH
MIKE MCENEARNEY
Vice President, Director, Relocation tmccullough@mcenearney.com tel. 703.537.3342
Executive Vice President, Director, Property Management mmcenearney@mcenearney.com tel.703.537.3330
54
2020 SECOND HALF MARKET REPORT
Hello Clarendon, We Have Arrived. McEnearney Associates is excited to announce our second Arlington office location in the heart of Clarendon, Virginia. To learn more about the McEnearney Difference, visit us online at McEnearney.com
McEnearney Associates 3303 Wilson Blvd, Arlington, VA 22201 I Tel. 703.525.1900 I McEnearney.com 55 North Arlington I Clarendon I McLean I Vienna I Alexandria I Spring Valley I 14th Street I Kensington I Leesburg I Middleburg 2020 SECOND HALF MARKET REPORT
14TH STREET 1803 14th Street, NW Washington, D.C. 20009 Tel. 202.903.2200 Tel. 866.792.8975
ALEXANDRIA 109 S Pitt Street Alexandria, VA 22314 Tel. 703.549.9292 Tel. 800.549.9299
NORTH ARLINGTON 4720 Lee Highway Arlington, VA 22207 Tel. 703.525.1900 Tel. 800.826.1612
CLARENDON 3033 Wilson Boulevard Arlington, VA 22201 Tel. 703.525.1900 Tel. 800.826.1612
KENSINGTON 3804 Howard Avenue Kensington, MD 20895 Tel. 301.979.7270 Tel. 866.762.8975
LEESBURG 107 N King Street Leesburg, VA 20176 Tel. 703.738.8282 Tel. 800.548.9080
MCLEAN 1320 Old Chain Bridge Road McLean, VA 22101 Tel. 703.790.9090 Tel. 800.548.9080
MIDDLEBURG 7 W Washington Street Middleburg, VA 20118 Tel. 540.687.5490 Tel. 800.548.9080
SPRING VALLEY 4910 Massachusetts Avenue, NW Washington, DC 20016 Tel. 202.552.5600 Tel. 866.762.8975
VIENNA 374 Maple Avenue, E #202 Vienna, VA 22180 Tel. 703.839.8200 Tel. 800.548.9080
www.McEnearney.com
56 Copyright 2021 - McEnearney Associates, Inc. REALTORS. Source: Bright™ MLS. Data deemed reliable, but not guaranteed. Equal Housing Opportunity. 2020 SECOND HALF MARKET REPORT