2019 SECOND HALF
Market Report
2211 Windsor Road | MLS# VAAX1101204
|
$2,495,000
Table of Contents 3
Q&A with Maureen McEnearney Dunn & David Howell
5
Alexandria, Virginia Review
City of Alexandria Summary Report, 7 Alexandria (Fairfax County) Summary Report, 21
31
Arlington County & Falls Church City, Virginia Review
Arlington & Falls Church City Summary Report, 33
43
Fairfax County, Virginia Review
Fairfax County, Virginia Summary Report, 45
61
Loudoun County, Fauquier County & Prince William County, Virginia Review
Loudoun County Summary Report, 63 Fauquier County Summary Report, 69 Prince William County Summary Report, 73
81
Suburban Maryland Review
Montgomery County Summary Report, 83 Prince George’s County Summary Report, 93
103 Washington, D.C. Review
Washington, D.C. Summary Report, 105
117 Luxury Listings Showcase 124 We’re Local. We’re Global. 125 Leadership Management Team 126 Glossary
Q&A with Maureen McEnearney Dunn & David Howell Six months ago, you said the biggest story in the Washington, D.C. Metro area real estate market was inventory. What is it now?
Maureen It is still inventory, or more precisely, the wide variations in the availability of homes on the market. The region’s economy is strong and so is the real estate market, but the dynamics are profoundly different in every area. David Since the big Amazon HQ2 announcement in November 2018, there has been a 60% drop in the number of homes on the market in Arlington and the City of Alexandria. The drop isn’t because of accelerated demand – there are simply fewer homes coming on the market. But just across the Potomac, inventory in Washington, D.C. is 15% higher. In the Maryland suburbs, inventory is about 10% lower.
3
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
What does this mean for buyers and sellers?
Maureen They have to do their homework and have a great agent who really knows the hyperlocal markets. The strategy a buyer has to employ is different in Arlington than it is in Montgomery County, and pricing and marketing strategy has to be different for sellers too. David There have been some fundamental shifts in inventory not just here but nationally – people are simply staying in their homes longer than they used to. But for those who want or need to sell, this is a great time to do it. As frustrating as it might seem for buyers, historically low mortgage interest rates should be a motivator. Patience is a virtue, and there are still great opportunities for buyers.
The real estate landscape has certainly changed in the 40 years since John McEnearney started the company, and lots of companies have come and gone. Is there a key to your success?
Maureen I think it starts with being passionate about what we do and why we do it. It’s really not just about selling houses, it’s about being a part of each community where we serve – supporting local business and organizations. To celebrate that involvement, we’re launching “40 for 40” to highlight how important it is to give back to these communities we love. Please visit www.mcenearney.com/40-for-40. David John was a true servant-leader, and set expectations for all of us – our great agents and our great staff. We work for our clients’ best interests and we remain focused on doing the right thing for them, first time and every time.
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
4
DAVID HOWELL
Alexandria, Virginia The real estate market has had a little more than a year to absorb the impact of the Amazon HQ2 announcement in November 2018 – and it has been significant despite that fact that the real Amazon hiring boom hasn’t really started in earnest. Here’s a quick recap of the numbers for the second half of 2019: The shortage of available inventory simply drove the number of unit sales down 16.4% in Alexandria, but that shortage also drove the average number of days a home was on the market before going under contract down significantly, from 35 days in the second half of 2018 to just 20 days in the second half of 2019. Anxious buyers also paid much closer to list price – 99.2% compared to 97.3% a year ago. And here’s one very local example of how much impact low inventory has: There were almost 40% fewer home sales in Arlandria, but they sold in an average of just 12 days and for 3.5% above list price! But the real story has been the enormous shift in the market since the Amazon announcement. As the chart below indicates, the number of available homes on the market has dropped significantly while contract activity has remained solid – but flat. From January 2014 until the HQ2 announcement, there was an average month-end inventory in Alexandria of 443 homes. Since then, the average has dropped to just 171, a drop of over 60%. Yet contract activity is little changed despite the Amazon buzz because there have been so few homes on the market. Averaging 212 contracts per month in the same period before the announcement, the average in Alexandria since the HQ2 announcement has 210 homes per month – essentially, no change. We expect to see very tight supply for the foreseeable future, which is great for sellers and a bit challenging for buyers.
Active Inventory vs. Contract Activity (2014 - 2019) 600 500 400 300 200 100 Amazon HQ2 Announcement 0 J
14 M
M
J
S
N
Alexandria Actives
J
15 M
M
J
S
N
J
16 M
Alexandria Contracts
M
J
S
N
J
17 M
M
J
S
N
Linear (Alexandria Actives)
J
18 M
M
J
S
N
J
19 M
M
J
Linear (Alexandria Contracts)
S
N
City of Alexandria, Virginia NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
1,401
1,171
-16.42%
35.2
20.4
-42.05%
$565,995
$589,743
4.20%
$581,892
$594,482
2.16%
97.3%
99.2%
1.95%
Alexandria West
163
147
-9.82%
26.6
14.2
-46.62%
$335,966
$348,281
3.67%
$342,705
$349,010
1.84%
98.0%
99.8%
1.84%
Arlandria
28
17
-39.29%
42.7
12.3
-71.19%
$478,766
$584,076
22.00%
$490,197
$564,170
15.09%
97.7%
103.5%
5.94%
Del Ray
128
135
5.47%
16.6
18.9
13.86%
$720,479
$767,697
6.55%
$724,976
$764,562
5.46%
99.4%
100.4%
1.01%
Eisenhower
47
30
-36.17%
43.5
19.5
-55.17%
$556,005
$591,663
6.41%
$566,529
$595,969
5.20%
98.1%
99.3%
1.22%
Landmark/Cameron Station
264
245
-7.20%
35.5
14.8
-58.31%
$361,918
$359,320
-0.72%
$369,841
$359,278
-2.86%
97.9%
100.0%
2.15%
Northridge, Beverley Hills, Braddock Heights
130
89
-31.54%
30.5
13.3
-56.39%
$534,707
$631,571
18.12%
$544,894
$636,321
16.78%
98.1%
99.3%
1.22%
Old Town
341
255
-25.22%
42.5
27.7
-34.82%
$787,432
$785,110
-0.29%
$814,478
$801,676
-1.57%
96.7%
97.9%
1.24%
Potomac Greens/ Potomac Yard
40
32
-20.00%
47.3
20.2
-57.29%
$750,495
$819,056
9.14%
$769,590
$825,299
7.24%
97.5%
99.2%
1.74%
Rosemont
20
18
-10.00%
39.6
45.7
15.40%
$826,330
$976,098
18.12%
$875,065
$984,378
12.49%
94.4%
99.2%
5.08%
Seminary Ridge
157
128
-18.47%
42.8
22.4
-47.66%
$455,306
$514,131
12.92%
$475,975
$519,711
9.19%
95.7%
98.9%
3.34%
Taylor Run
44
53
20.45%
38.8
41.7
7.47%
$588,858
$718,422
22.00%
$604,737
$736,476
21.78%
97.4%
97.5%
0.10%
CITY OF ALEXANDRIA
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
219
216
-1.37%
34.6
27.6
-20.23%
$884,227
$929,666
5.14%
$917,498
$945,071
3.01%
96.4%
98.4%
2.07%
Attached Homes
597
463
-22.45%
33.7
21.7
-35.61%
$691,891
$713,484
3.12%
$708,127
$716,512
1.18%
97.7%
99.6%
1.94%
Condominiums
585
492
-15.90%
37.0
16.0
-56.76%
$318,384
$324,061
1.78%
$327,430
$325,729
-0.52%
97.2%
99.5%
2.37%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$500K-$749K $1.5M+
$300K-$499K $1M-$1.49M
82 31
18.45%
291 197
42.02% 253
39.54% 317
3001 Edgehill Dr | MLS# VAAX239110
Alexandria West City of Alexandria 4673 Longstreet Ln #304 | MLS# VAAX237776
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
13
13
0.00%
41
25
-39.02%
109
109
0.00%
24.2
24.2
0.41%
31.1
16.0
-48.55%
25.2
12.6
-50.00%
Average Sold Price
$559,069
$661,769
18.37%
$541,510
$586,240
8.26%
$232,043
$256,315
10.46%
Average Original Price
$573,327
$675,054
17.74%
$550,364
$584,766
6.25%
$237,089
$256,052
8.00%
97.5%
98.0%
0.51%
98.4%
100.3%
1.93%
97.9%
100.1%
2.25%
Highest Priced Home
$760,000
$823,000
8.29%
$725,000
$778,000
7.31%
$425,000
$452,000
6.35%
Lowest Priced Home
$422,000
$490,000
16.11%
$212,000
$215,000
1.42%
$130,000
$110,500
-15.00%
Number of Units Sold Average Days on Market
Average Sold vs. List Price
9
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Arlandria City of Alexandria 10 W Caton Ave | MLS# 1002002304
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
1
1
0.00%
23
16
-30.43%
4
---
-100.00%
Number of Units Sold
209.0
6.0
-97.13%
36.9
12.7
-65.58%
34.3
---
-100.00%
Average Days on Market
$660,000
$700,000
6.06%
$481,952
$576,831
19.69%
$415,136
---
-100.00%
Average Sold Price
$675,000
$700,000
3.70%
$494,699
$555,681
12.33%
$418,111
---
-100.00%
Average Original Price
97.8%
100.0%
2.25%
97.4%
103.8%
6.57%
99.3%
---
-100.00%
Average Sold vs. List Price
$660,000
$700,000
6.06%
$707,500
$688,000
-2.76%
$490,000
---
-100.00%
Highest Priced Home
$660,000
$700,000
6.06%
$270,000
$320,000
18.52%
$317,542
----
-100.00%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
10
Del Ray City of Alexandria 7 W Mason Ave | MLS# VAAX236874
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
49
57
16.33%
65
65
0.00%
14
13
-7.14%
14.4
21.2
47.22%
17.4
17.7
1.72%
20.4
14.8
-27.45%
Average Sold Price
$966,274
$988,528
2.30%
$616,818
$670,417
8.69%
$341,479
$285,838
-16.29%
Average Original Price
$973,790
$993,816
2.06%
$618,451
$658,634
6.50%
$348,707
$289,015
-17.12%
99.2%
99.5%
0.30%
99.7%
101.8%
2.11%
97.9%
98.9%
1.02%
Highest Priced Home
$1,700,000
$1,875,000
10.29%
$925,900
$825,000
-10.90%
$787,500
$854,400
8.50%
Lowest Priced Home
$661,500
$625,000
-5.52%
$400,000
$542,500
35.63%
$179,900
$215,000
19.51%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
11
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Eisenhower City of Alexandria 520 John Carlyle St #112 | MLS# VAAX239746
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
---
---
---
11
6
-45.45%
36
24
-33.33%
Number of Units Sold
---
---
---
42.5
23.0
-45.88%
43.8
18.6
-57.53%
Average Days on Market
---
---
---
$788,325
$679,566
-13.80%
$485,019
$569,687
17.46%
Average Sold Price
---
---
---
$790,125
$689,299
-12.76%
$498,208
$572,637
14.94%
Average Original Price
---
---
---
99.8%
98.6%
-1.20%
97.4%
99.5%
2.16%
Average Sold vs. List Price
---
---
---
$1,029,222
$919,995
-10.61%
$859,000
$895,000
4.19%
Highest Priced Home
---
---
---
$470,000
$504,000
7.23%
$264,100
$350,000
32.53%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
12
Landmark/Cameron Station City of Alexandria 4951 Brenman Park Dr #406 | MLS# VAAX239626
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
1
---
-100.00%
74
63
-14.86%
189
182
-3.70%
89.0
---
-100.00%
32.8
13.4
-59.15%
36.3
15.3
-57.85%
Average Sold Price
$967,500
---
-100.00%
$619,779
$607,053
-2.05%
$257,752
$273,566
6.14%
Average Original Price
$989,000
---
-100.00%
$629,131
$607,958
-3.37%
$265,043
$273,196
3.08%
97.8%
---
-100.00%
98.5%
99.9%
1.42%
97.2%
100.1%
2.98%
Highest Priced Home
$967,500
---
-100.00%
$870,000
$950,000
9.20%
$727,000
$549,000
-24.48%
Lowest Priced Home
$967,500
---
-100.00%
$315,000
$339,900
7.90%
$149,000
$143,000
-4.03%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
13
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Northridge/Beverley Hills/Braddock Heights City of Alexandria 3509 Old Dominion Blvd | MLS# VAAX236404
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
52
40
-23.08%
40
24
-40.00%
38
25
-34.21%
Number of Units Sold
30.5
18.3
-40.00%
28.8
9.3
-67.71%
32.2
9.4
-70.81%
Average Days on Market
$869,990
$995,970
14.48%
$365,776
$356,012
-2.67%
$253,721
$313,068
23.39%
Average Sold Price
$888,425
$1,010,811
13.78%
$369,952
$353,071
-4.56%
$258,947
$309,060
19.35%
Average Original Price
97.9%
98.5%
0.61%
98.9%
100.8%
1.92%
98.0%
101.3%
3.37%
Average Sold vs. List Price
$1,260,000
$1,700,000
34.92%
$645,000
$467,500
-27.52%
$394,999
$440,000
11.39%
Highest Priced Home
$650,000
$645,000
-0.77%
$216,000
$279,000
29.17%
$165,000
$220,000
33.33%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
14
Old Town City of Alexandria 214 Wolfe St | MLS# VAAX239280
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
9
7
-22.22%
226
164
-27.43%
106
84
-20.75%
28.4
15.9
-44.01%
42.0
29.5
-29.76%
44.7
25.2
-43.62%
Average Sold Price
$1,236,274
$1,120,529
-9.36%
$888,264
$923,913
4.01%
$534,342
$486,161
-9.02%
Average Original Price
$1,313,989
$1,143,713
-12.96%
$917,305
$943,111
2.81%
$552,834
$497,040
-10.09%
94.1%
98.0%
4.14%
96.8%
98.00%
1.24%
96.7%
97.8%
1.14%
Highest Priced Home
$2,050,000
$1,640,000
-20.00%
$2,600,000
$2,496,041
-4.00%
$3,100,000
$2,850,000
-8.06%
Lowest Priced Home
$675,215
$800,000
18.48%
$420,000
$460,000
9.52%
$158,000
$185,000
17.09%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
15
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Potomac Greens/Potomac Yard City of Alexandria 20 Auburn Ct #A | MLS# VAAX240400
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
---
---
---
30
25
-16.67%
10
7
-30.00%
Number of Units Sold
---
---
---
40.9
23.1
-43.52%
66.4
9.9
-85.09%
Average Days on Market
---
---
---
$865,293
$926,936
7.12%
$406,100
$433,771
6.81%
Average Sold Price
---
---
---
$880,827
$934,227
6.06%
$435,880
$436,271
0.09%
Average Original Price
---
---
---
98.2%
99.2%
1.02%
93.2%
99.4%
6.65%
Average Sold vs. List Price
---
---
---
$1,275,000
$1,350,000
5.88%
$644,000
$559,000
-13.20%
Highest Priced Home
---
---
---
$650,000
$734,900
13.06%
$290,000
$312,500
7.76%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
16
Rosemont City of Alexandria 209 W Myrtle St | MLS# VAAX236126
123 Main Street
DETACHED HOMES
MLS# VAAX123456
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
18
18
0.00%
---
---
---
---
---
---
42.9
45.7
6.53%
---
---
---
---
---
---
Average Sold Price
$858,083
$976,098
13.75%
---
---
---
---
---
---
Average Original Price
$911,772
$984,378
7.96%
---
---
---
---
---
---
94.1%
99.2%
5.42%
---
---
---
---
---
---
Highest Priced Home
$1,300,000
$1,700,000
30.77%
---
---
---
---
---
---
Lowest Priced Home
$420,000
$619,900
47.60%
---
---
---
---
---
---
Number of Units Sold Average Days on Market
Average Sold vs. List Price
17
ATTACHED HOMES
|
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Seminary Ridge City of Alexandria 4201 Ormond Ave | MLS# VAAX227570
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
40
42
5.00%
63
55
-12.70%
54
31
-42.59%
Number of Units Sold
60.9
38.6
-36.62%
25.3
15.2
-39.92%
49.7
13.0
-73.84%
Average Days on Market
$830.751
$814,523
-1.95%
$442,779
$448,791
1.36%
$191,815
$223,077
16.30%
Average Sold Price
$898,932
$837,904
-6.79%
$446,780
$444,661
-0.47%
$196,735
$221,765
12.72%
Average Original Price
92.4%
97.2%
5.19%
99.1%
100.9%
1.82%
97.5%
100.6%
3.18%
Average Sold vs. List Price
$2,825,000
$2,825,000
0.00%
$837,415
$617,000
-26.32%
$325,000
$335,000
3.08%
Highest Priced Home
$457,888
$425,000
-7.18%
$307,000
$220,000
-28.34%
$100,000
$114,000
14.00%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
18
Taylor Run City of Alexandria 1417 Kingston Ave | MLS# VAAX234990
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
19
29
52.63%
7
11
57.14%
18
13
-27.78%
40.5
42.4
4.69%
25.4
66.6
162.20%
42.1
18.8
-55.34%
Average Sold Price
$853,611
$932,031
9.19%
$612,643
$618,041
0.88%
$300,147
$326,846
8.90%
Average Original Price
$881,905
$963,240
9.22%
$623,843
$623,418
-0.07%
$304,740
$326,284
7.07%
96.8%
96.8%
0.00%
98.2%
99.1%
0.92%
98.5%
100.2%
1.73%
Highest Priced Home
$1,290,000
$2,647,000
105.19%
$748,500
$749,000
0.07%
$369,000
$401,400
8.78%
Lowest Priced Home
$440,000
$440,000
0.00%
$499,000
$475,000
-4.81%
$230,000
$265,000
15.22%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
19
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
403 S Fairfax St
|
MLS# VAAX237790
Alexandria, Virginia (Fairfax County) NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
1,449
1,459
0.69%
29.9
26.4
-11.71%
$496,695
$524,921
5.68%
$509,222
$533,239
4.72%
97.5%
98.4%
0.92%
Belle Haven
93
93
0.00%
42.9
29.0
-32.40%
$479,869
$481,589
0.36%
$507,694
$493,515
-2.79%
94.5%
97.6%
3.28%
Fort Hunt
154
161
4.55%
32.4
48.4
49.38%
$774,798
$787,560
1.65%
$801,514
$817,530
2.00%
96.7%
96.3%
-0.41%
Franconia
356
344
-3.37%
27.2
21.0
-22.79%
$474,276
$504,706
6.42%
$482,707
$508,657
5.38%
98.3%
99.2%
0.92%
Huntington
129
112
-13.18%
30.4
19.3
-36.51%
$389,404
$388,471
-0.24%
$398,808
$387,744
-2.77%
97.6%
100.2%
2.66%
Hybla Valley
147
143
-2.72%
27.2
21.4
-21.32%
$444,830
$477,580
7.36%
$454,149
$482,689
6.28%
97.9%
98.9%
1.02%
Kingstowne
199
216
8.54%
26.6
30.0
12.78%
$490,451
$531,048
8.28%
$497,989
$535,605
7.55%
98.5%
99.1%
0.61%
Mount Vernon
246
235
-4.47%
29.0
22.1
-23.79%
$447,623
$456,694
2.03%
$459,203
$464,856
1.23%
97.5%
98.2%
0.72%
ALEXANDRIA (FAIRFAX COUNTY)
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
665
691
3.91%
33.5
35.0
4.48%
$646,124
$658,348
1.89%
$667,351
$675,791
1.26%
96.8%
97.4%
0.62%
Attached Homes
501
511
2.00%
24.0
18.4
-23.33%
$435,730
$468,115
7.43%
$440,827
$468,279
6.23%
98.8%
100.0%
1.21%
Condominiums
283
257
-9.19%
31.6
19.0
-39.87%
$253,489
$279,119
10.11%
$258,728
$279,118
7.88%
98.0%
100.0%
2.04%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$500K-$749K $1.5M+
$300K-$499K $1M-$1.49M
10
133
17.61%
32
182
47.36% 556 35.02%
546
2400 Elba Ct | MLS# VAFX1085940
Belle Haven Alexandria (Fairfax County) 2109 Windsor Rd | MLS# VAFX1087548
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
39
35
-10.26%
7
8
14.29%
47
50
6.38%
52.1
50.1
-3.84%
29.0
2.8
-90.34%
37.3
18.5
-50.40%
Average Sold Price
$795,178
$792,867
-0.29%
$567,571
$550,563
-3.00%
$205,167
$252,658
23.15%
Average Original Price
$851,440
$826,660
-2.91%
$575,700
$552,063
-4.11%
$212,330
$250,945
18.19%
93.4%
95.9%
2.68%
98.6%
99.7%
1.12%
96.6%
100.7%
4.24%
Highest Priced Home
$1,535,000
$1,676,500
9.22%
$635,000
$677,000
6.61%
$267,500
$511,506
91.22%
Lowest Priced Home
$440,000
$315,000
-28.41%
$485,000
$348,000
-28.25%
$120,000
$143,000
19.17%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
23
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Fort Hunt Alexandria (Fairfax County) 1003 Dewolfe Dr | MLS# VAFX1096452
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
154
161
4.55%
---
---
---
---
---
---
Number of Units Sold
32.4
48.4
49.38%
---
---
---
---
---
---
Average Days on Market
$774,798
$787,560
1.65%
---
---
---
---
---
---
Average Sold Price
$801,514
$817,530
2.00%
---
---
---
---
---
---
Average Original Price
96.7%
96.3%
-0.41%
---
---
---
---
---
---
Average Sold vs. List Price
$1,825,000
$2,250,000
23.29%
---
---
---
---
---
---
Highest Priced Home
$360,000
$459,000
27.50%
---
---
---
---
---
---
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
24
Franconia Alexandria (Fairfax County) 6616 Saint Mark Ct | MLS# VAFX1081260
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
151
151
0.00%
146
153
4.79%
59
40
-32.20%
Average Days on Market
32.1
29.0
-9.66%
23.3
15.3
-34.33%
24.4
12.4
-49.18%
Average Sold Price
$569,025
$606,660
6.61%
$454,884
$458,776
0.86%
$279,768
$295,505
5.63%
Average Original Price
$582,672
$617,289
5.94%
$459,685
$458,011
-0.36%
$283,836
$292,294
2.98%
97.7%
98.3%
0.61%
99.0%
100.2%
1.21%
98.6%
101.1%
2.54%
Highest Priced Home
$1,280,000
$1,650,000
28.91%
$726,000
$715,863
-1.40%
$372,000
$370,000
-0.54%
Lowest Priced Home
$250,000
$324,000
29.60%
$235,000
$285,000
21.28%
$158,000
$175,000
10.76%
Average Sold vs. List Price
25
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Huntington Alexandria (Fairfax County) 5833 Edgehill Dr | MLS# VAFX1071698
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
17
11
-35.29%
54
46
-14.81%
58
55
-5.17%
Number of Units Sold
29.8
18.4
-38.26%
20.4
10.2
-50.00%
39.8
27.0
-32.16%
Average Days on Market
$513,491
$498,382
-2.94%
$450,282
$483,627
7.41%
$296,353
$286,903
-3.19%
Average Sold Price
$529,964
$499,891
-5.67%
$455,575
$477,220
4.75%
$307,513
$290,480
-5.57%
Average Original Price
96.9%
99.7%
2.89%
98.8%
101.3%
2.53%
96.4%
98.8%
2.49%
Average Sold vs. List Price
$775,000
$610,000
-21.29%
$687,500
$676,000
-1.67%
$560,000
$584,000
4.29%
Highest Priced Home
$325,000
$400,000
23.08%
$190,000
$330,000
73.68%
$131,000
$110,000
-16.03%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
26
Hybla Valley Alexandria (Fairfax County) 2400 Elba Ct | MLS# VAFX1085940
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
68
76
11.76%
61
55
-9.84%
18
12
-33.33%
34.5
30.5
-11.59%
22.1
11.5
-47.96%
16.6
8.8
-46.99%
Average Sold Price
$544,691
$557,451
2.34%
$394,706
$411,925
4.36%
$237,444
$272,650
14.83%
Average Original Price
$561,900
$569,546
1.36%
$397,600
$408,806
2.82%
$238,727
$271,225
13.61%
96.9%
97.9%
1.03%
99.3%
100.8%
1.51%
99.5%
100.5%
1.01%
Highest Priced Home
$964,000
$895,000
-7.16%
$669,970
$535,000
-20.15%
$270,000
$295,000
9.26%
Lowest Priced Home
$270,000
$230,000
-14.81%
$319,000
$315,000
-1.25%
$128,500
$139,900
8.87%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
27
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Kingstowne Alexandria (Fairfax County) 5984 Wescott Hills Way | MLS# VAFX1085304
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
43
56
30.23%
126
120
-4.76%
30
40
33.33%
Number of Units Sold
34.9
32.5
-6.88%
25.3
30.1
18.97%
20.1
26.4
31.34%
Average Days on Market
$641,453
$634,475
-1.09%
$484,223
$539,685
11.45%
$300,175
$360,340
20.04%
Average Sold Price
$653,984
$645,146
-1.35%
$491,194
$543,211
10.59%
$302,936
$359,432
18.65%
Average Original Price
98.1%
98.3%
0.20%
98.6%
99.4%
0.81%
99.1%
100.3%
1.21%
Average Sold vs. List Price
$890,000
$993,450
11.62%
$761,285
$835,000
9.68%
$350,000
$526,918
50.55%
Highest Priced Home
$440,000
$355,000
-19.32%
$314,000
$305,000
-2.87%
$193,000
$209,900
8.76%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
28
Mount Vernon Alexandria (Fairfax County) 8410 Wagon Wheel Rd | MLS# VAFX1081174
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
126
129
2.38%
74
68
-8.11%
46
38
-17.39%
Average Days on Market
34.6
28.4
-17.92%
18.1
15.0
-17.13%
31.1
13.3
-57.23%
Average Sold Price
$644,368
$616,347
-4.35%
$289,801
$304,060
4.92%
$162,601
$187,850
15.53%
Average Original Price
$664,990
$631,267
-5.07%
$291,765
$303.935
4.17%
$164,880
$187,898
13.96%
96.9%
97.6%
0.72%
99.3%
100.00%
0.70%
98.6%
100.00%
1.42%
Highest Priced Home
$2,800,000
$2,800,000
0.00%
$459,000
$470,000
2.40%
$223,500
$235,000
5.15%
Lowest Priced Home
$278,000
$295,000
6.12%
$134,900
$155,000
14.90%
$82,500
$134,950
63.58%
Average Sold vs. List Price
29
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
1908 Bridle Ln
|
MLS# VAFX1092142
DAVID HOWELL
Arlington County & Falls Church City, Virginia As we stated in the Alexandria review, the market has had a little more than a year to absorb the impact of the Amazon HQ2 announcement in November 2018 – and it has been significant despite that fact that the real Amazon hiring boom hasn’t really started in earnest. First, a quick recap of the numbers in Arlington and Falls Church City: The number of closed sales in Arlington dropped 14.4% because of very low inventory (more on that in a moment) and the average number of days a home was on the market before going under contract dropped from 42 days in the second half of 2018 to just 26 days in the second half of 2019. The average sales price rose 5.6% and homes sold on average for 98.7% of their original list price. That’s 1.4% better than the second half of 2018. Although unit sales were down throughout the County, tight inventory contributed to some real hot spots. The average time a home sold in the Fairlington/Shirlington area was on the market was just 10.7 days, and they sold for an average of 101.3% of their list price. In Falls Church City, the number of sales dropped 20% – but bear in mind that there are typically only about 100 sales in the City every six months, so a change of a handful of sales makes a big percentage difference. Perhaps the best indication of the health of the market is the fact that homes sold a full percentage point closer to the original list price. And, as we noted in the Alexandria review, the real story has been the seismic shift in the market since the Amazon announcement. As the chart below indicates, the number of available homes on the market has plummeted. From January 2014 until the HQ2 announcement, there was an average month-end inventory in Arlington of 525 homes. Since then, the average has dropped to just 225, a drop of almost 60%. Yet despite the excitement of the coming Amazon avalanche, contract activity is little changed. Averaging 240 contracts per month in the same period before the announcement, Arlington has seen a modest decline to just 220 homes per month. It’s hard to buy with so few choices, and we expect to see very tight supply for the foreseeable future. Active Inventory vs. Contract Activity (2014 - 2019) 700 600 500 400 300 200 100 Amazon HQ2 Announcement 0 J
14 M
M
J
S
N
J
15 M
Arlington County Actives
M
J
S
N
J
16 M
M
Arlington County Contracts
J
S
N
J
17 M
M
J
S
N
J
18 M
Linear (Arlington County Actives)
M
J
S
N
J
19 M
M
J
S
N
Linear (Arlington County Contracts)
Arlington County & Falls Church City NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
ARLINGTON COUNTY
1,531
1,310
-14.44%
41.8
26.3
-37.08%
$669,950
$707,381
5.59%
$688,856
$716,837
4.06%
97.3%
98.7%
1.44%
FALLS CHURCH CITY
109
87
-20.18%
38.4
35.4
-7.81%
$891,586
$808,272
-9.34%
$915,032
$820,859
-10.29%
97.4%
98.5%
1.13%
22201 & 22209
402
364
-9.45%
50.0
21.7
-56.60%
$642,827
$677,289
5.36%
$664,877
$684,253
2.91%
96.7%
99.0%
2.38%
22202
123
69
-43.90%
53.7
21.9
-59.22%
$610,731
$745,440
22.06%
$628,960
$761,500
21.07%
97.1%
97.9%
0.82%
22203, 22205 & 22213
290
254
-12.41%
36.1
37.1
2.77%
$766,290
$722,791
-5.68%
$780,655
$731,371
-6.31%
98.2%
98.8%
0.61%
22204
297
243
-18.18%
34.6
17.7
-48.84%
$466,363
$499,437
7.09%
$477,672
$505,012
5.72%
97.6%
98.9%
1.33%
22206
184
166
-9.78%
22.9
10.7
-53.28%
$431,903
$483,162
11.87%
$434,396
$476,905
9.79%
99.4%
101.3%
1.91%
22207
234
214
-8.55%
52.7
44.9
-14.80%
$1,058,242
$1,138,051
7.54%
$1,098,331
$1.167,251
6.27%
96.4%
97.5%
1.14%
NUMBER OF UNITS SOLD
ARLINGTON COUNTY
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
540
459
-15.00%
45.6
37.0
-18.86%
$1,029,919
$1,091,595
5.99%
$1,064,273
$1,115,097
4.78%
96.8%
97.9%
1.14%
Attached Homes
294
239
-18.71%
30.6
15.6
-49.02%
$642,469
$642,226
-0.04%
$651,393
$639,830
-1.78%
98.6%
100.4%
1.83%
Condominiums
697
612
-12.20%
43.7
22.5
-48.51%
$402,657
$444,665
10.43%
$413,805
$448,214
8.32%
97.3%
99.2%
1.95%
NUMBER OF UNITS SOLD
FALLS CHURCH CITY
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
73
48
-34.25%
42.1
45.7
8.55%
$1,063,576
$989,360
-6.98%
$1,094,767
$1,005,531
-8.15%
97.2%
98.4%
1.23%
Attached Homes
17
15
-11.76%
28.9
24.8
-14.19%
$702,759
$760,967
8.28%
$710,397
$772,860
8.79%
98.9%
98.5%
-0.40%
Condominiums
19
24
26.32%
32.7
21.5
-34.25%
$399,735
$475,663
18.99%
$407,566
$481,516
18.14%
98.1%
98.8%
0.71%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$500K-$749K $1.5M+
$300K-$499K $1M-$1.49M
2 4 18
27.59%
11
55.17% 23 17.24%
29
3754 N Woodrow St | MLS# VAAR153936
22201 & 22209 Ballston, Courthouse, Clarendon, Lyon Park, Rosslyn, Virginia Square 2603 3rd St N | MLS# VAAR150968
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
53
55
3.77%
51
32
-37.25%
298
277
-7.05%
61.7
32.4
-47.49%
46.3
16.6
-64.15%
48.6
20.1
-58.64%
Average Sold Price
$1,245,792
$1,320,175
5.97%
$1,004,112
$957,688
-4.62%
$473,757
$517,248
9.18%
Average Original Price
$1,316,912
$1,331,020
1.07%
$1,018,577
$969,494
-4.82%
$488,378
$522,882
7.07%
94.6%
99.2%
4.86%
98.6%
98.8%
0.20%
97.0%
98.9%
1.96%
Highest Priced Home
$2,377,450
$2,910,735
22.43%
$2,250,000
$1,465,000
-34.89%
$2,097,500
$4,750,000
126.46%
Lowest Priced Home
$580,000
$635,000
9.48%
$435,000
$497,000
14.25%
$125,500
$123,500
-1.59%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
35
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
22202 Addison Heights, Arlington Ridge, Aurora Hills, Crystal City, Pentagon City 1200 Crystal Dr #1212 | MLS# VAAR139952
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
41
29
-29.27%
14
7
-50.00%
68
33
-51.47%
Number of Units Sold
51.6
16.3
-68.41%
43.6
45.3
3.90%
57.1
21.8
-61.82%
Average Days on Market
$872,068
$1,016,396
16.55%
$667,398
$732,714
9.79%
$441,494
$510,027
15.52%
Average Sold Price
$895,859
$1,022,379
14.12%
$679,993
$741,227
9.01%
$457,530
$536,542
17.27%
Average Original Price
97.3%
99.4%
2.16%
98.1%
98.9%
0.82%
96.5%
95.1%
-1.45%
Average Sold vs. List Price
$1,499,000
$1,599,990
6.74%
$1,024,000
$918,000
-10.35%
$1,430,000
$1,250,000
-12.59%
Highest Priced Home
$485,000
$650,000
34.02%
$530,000
$560,000
5.66%
$175,000
$255,000
45.71%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
36
22203, 22205 & 22213 Ballston, Buckingham, East Falls Church, Westover, West Arlington 6335 12th Pl N | MLS# VAAR152958
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
158
117
-25.95%
27
27
0.00%
105
110
4.76%
Average Days on Market
31.8
30.4
-4.40%
33.7
20.2
-40.06%
43.2
48.4
12.04%
Average Sold Price
$1,006,344
$975,473
-3.07%
$807,364
$865,866
7.25%
$394,504
$418,910
6.19%
Average Original Price
$1,023,950
$990,506
-3.27%
$817,783
$867,572
6.09%
$405,007
$422,315
4.27%
98.3%
98.5%
0.20%
98.7%
99.8%
1.11%
97.4%
99.2%
1.85%
Highest Priced Home
$1,999,999
$2,045,000
2.25%
$1,042,000
$1,299,900
24.75%
$2,000,000
$868,000
-56.60%
Lowest Priced Home
$410,000
$570,000
39.02%
$447,000
$545,000
21.92%
$85,000
$50,000
-41.18%
Average Sold vs. List Price
37
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
22204 Addison Heights, Arlington Ridge, Aurora Hills, Crystal City, Pentagon City, Glencarlyn 1653 S Barton St | MLS# VAAR153190
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
98
74
-24.49%
76
75
-1.32%
123
94
-23.58%
Number of Units Sold
36.1
30.9
-14.40%
34.1
12.3
-63.93%
33.6
11.7
-65.18%
Average Days on Market
$715,949
$750,648
4.85%
$461,344
$490,505
6.32%
$270,606
$308.802
14.11%
Average Sold Price
$735,398
$771,888
4.96%
$469,622
$489,422
4.22%
$277,303
$307,356
10.84%
Average Original Price
97.4%
97.2%
-0.21%
98.2%
100.2%
2.04%
97.6%
100.5%
2.97%
Average Sold vs. List Price
$1,280,000
$1,385,000
8.20%
$900,000
$920,000
2.22%
$548,000
$650,000
18.61%
Highest Priced Home
$315,000
$400,000
26.98%
$151,000
$280,000
85.43%
$115,000
$102,000
-11.30%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
38
22206 Fairlington, Shirlington 2544-F S Walter Reed Dr #6 | MLS# VAAR151382
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
6
7
16.67%
94
81
-13.83%
84
78
-7.14%
27.5
23.1
-16.00%
17.0
10.6
-37.65%
29.2
9.6
-67.12%
Average Sold Price
$546,667
$772,143
41.25%
$491,565
$543,064
10.48%
$356,940
$395,022
10.67%
Average Original Price
$550,667
$779,786
41.61%
$494,168
$535,131
8.29%
$359,202
$389,259
8.37%
99.3%
99.0%
-0.30%
99.5%
101.5%
2.01%
99.4%
101.5%
2.11%
Highest Priced Home
$659,000
$1,125,000
70.71%
$805,000
$873,000
8.45%
$635,000
$535,000
-15.75%
Lowest Priced Home
$450,000
$550,000
22.22%
$270,450
$368,500
36.25%
$140,000
$239,000
70.71%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
39
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
22207 Chain Bridge, Cherrydale, Country Club Hills, Lee-Harrison, Williamsburg, Yorktown, Waverly Hills 6218 30th St N | MLS# VAAR151302
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
183
177
-3.28%
32
17
-46.88%
19
20
5.26%
57.1
49.3
-13.66%
28.8
33.2
15.28%
50.5
16.3
-67.72%
Average Days on Market
$1,189,093
$1,264,822
6.37%
$789,517
$797,793
1.05%
$250,531
$305,353
21.88%
Average Sold Price
$1,236,197
$1,302,300
5.35%
$806,847
$778,257
-3.54%
$261,389
$302,715
15.81%
Average Original Price
96.2%
97.1%
0.94%
97.9%
102.5%
4.70%
95.8%
100.9%
5.32%
Average Sold vs. List Price
$3,125,000
$2,700,000
-13.60%
$3,210,000
$1,229,086
-61.71%
$475,000
$639,000
34.53%
Highest Priced Home
$500,000
$430,000
-14.00%
$445,000
$560,000
25.84%
$174,000
$197,000
13.22%
Lowest Priced Home
Number of Units Sold
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
40
Falls Church City Falls Church 108 S Spring St | MLS# VAFA110664
DETACHED HOMES 2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
73
48
-34.25%
17
15
-11.76%
19
24
26.32%
42.1
45.7
8.55%
28.9
24.8
-14.19%
32.7
21.5
-34.25%
Average Sold Price
$1,063,576
$989,360
-6.98%
$702,759
$760,967
8.28%
$399,735
$475,663
18.99%
Average Original Price
$1,094,767
$1,005,531
-8.15%
$710,397
$772,860
8.79%
$407,566
$481,516
18.14%
97.2%
98.4%
1.23%
98.9%
98.5%
-0.40%
98.1%
98.8%
0.71%
Highest Priced Home
$1,700,000
$1,646,600
-3.14%
$995,000
$940,000
-5.53%
$819,000
$775,000
-5.37%
Lowest Priced Home
$460,000
$470,000
2.17%
$400,000
$430,000
7.50%
$181,000
$185,000
2.21%
Average Days on Market
Average Sold vs. List Price
CONDOMINIUMS
2H18 Number of Units Sold
41
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
1700 Clarendon Blvd #128 | MLS# VAAR151116
DAVID HOWELL
Fairfax County Steady as she goes – mostly. Fairfax County’s real estate market in the second half of 2019 was remarkably similar to the second half of 2018, with the exception of the number of available homes on the market. Unlike it’s close-in Virginia neighbors in Arlington and Alexandria, the number of homes sold rose modestly, up 3.4%. The average number of days a home was on the market before receiving a contract was unchanged – 32 days in the second half of 2019 and 2018. The average sales price rose a healthy 5.4%, and homes sold a little closer to their original list price in the past six months than the same time period in 2018 – 97.6% in 2019 versus 97.0% in 2018. As one would expect in such a large County, some areas fared better than others. Although Springfield had a 6% drop in the number of homes sold, the average days on the market dropped from 26 to 20, and homes sold for an average of 99.3% of list price, up from 97.9%. That drop in sales was because of the lack of inventory – and more on that in just a moment. Chantilly, Annandale, Burke, Clifton/Fairfax Station, Great Falls, Herndon, Lorton and McLean all had healthy increases in the number of homes sold, but that didn’t necessarily translate into shorter time on the market. Local conditions vary widely! There is a downward trend in the number of homes on the market – not as steep a drop as in Arlington and Alexandria, but a drop nonetheless. In the 58 months prior to the Amazon HQ2 announcement there was an average of 3,000 homes on the market in Fairfax County. In the 14 months since that November 2018 mark, the average has dropped to just 1,850 – a 38% decline. Contract activity is essentially unchanged – a monthly average of about 1,300. So, demand remains strong and stable in the face of dropping inventory, and we expect to see this continue through all of 2020. Active Inventory vs. Contract Activity (2014 - 2019) 4,500 Amazon HQ2 Announcement 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 J
14 M
M
J
S
N
J
Fairfax County Actives
15 M
M
J
S
N
J
16 M
M
Fairfax County Contracts
J
S
N
J
17 M
M
J
S
N
J
18 M
Linear (Fairfax County Actives)
M
J
S
N
J
19 M
M
J
S
N
Linear (Fairfax County Contracts)
Fairfax County, Virginia NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
7,593
7,850
3.38%
32.1
32.1
0.00%
$577,829
$609,145
5.42%
$595,705
$623,985
4.75%
97.0%
97.6%
0.62%
Annandale
306
328
7.19%
27.8
27.3
-1.80%
$502,845
$531,110
5.62%
$516,123
$540,747
4.77%
97.4%
98.2%
0.82%
Burke
284
301
5.99%
27.9
23.1
-17.20%
$500,073
$516,664
3.32%
$510,144
$525,200
2.95%
98.0%
98.4%
0.41%
Centreville
490
474
-3.27%
24.0
21.7
-9.58%
$424,681
$448,136
5.52%
$432,257
$455,255
5.32%
98.2%
98.4%
0.20%
Chantilly
108
117
8.33%
25.5
17.8
-30.20%
$530,545
$517,465
-2.47%
$542,535
$523,687
-3.47%
97.8%
98.8%
1.02%
Clifton & Fairfax Station
187
237
26.74%
49.4
45.6
-7.69%
$737,954
$783,219
6.13%
$765,099
$806,535
5.42%
96.5%
97.1%
0.62%
Fairfax (including Fairfax City)
1,054
1,102
4.55%
30.6
28.3
-7.52%
$547,288
$567,442
3.68%
$559,970
$576,995
3.04%
97.7%
98.3%
0.61%
Falls Church (Fairfax County)
665
600
-9.77%
34.5
27.2
-21.16%
$535,765
$597,011
11.43%
$551,593
$604,931
9.67%
97.1%
98.7%
1.65%
Great Falls
115
145
26.09%
68.9
107.0
55.30%
$1,117,075
$1,225,648
9.72%
$1,198,070
$1,313,987
9.68%
93.2%
93.3%
0.11%
Herndon & Oak Hill
482
548
13.69%
31.9
30.6
-4.08%
$534,071
$539,383
0.99%
$545,663
$549,342
-0.67%
97.9%
98.2%
0.31%
Lorton
243
292
20.16%
30.0
36.6
22.00%
$474,997
$517,447
8.94%
$489,386
$527,249
7.74%
97.1%
98.1%
1.03%
McLean
432
472
9.26%
49.6
59.0
18.95%
$1,157,517
$1,147,390
-0.87%
$1,229,205
$1,204,587
-2.00%
94.2%
95.3%
1.17%
Reston
650
686
5.54%
30.2
32.5
7.62%
$470,991
$480,426
2.00%
$482,304
$491,571
1.92%
97.7%
97.7%
0.00%
Springfield
709
663
-6.49%
25.3
19.6
-22.53%
$489,849
$512,539
4.63%
$500,294
$515,899
3.12%
97.9%
99.3%
1.43%
Vienna & Oakton
593
598
0.84%
37.8
45.9
21.43%
$796,712
$831,372
4.35%
$822,836
$861,306
4.68%
96.8%
96.5%
-0.31%
FAIRFAX COUNTY
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
3,667
3,928
7.12%
37.2
42.3
13.71%
$769,850
$802,858
4.29%
$799,364
$828,599
3.66%
96.3%
96.9%
0.62%
Attached Homes
2,528
2,516
-0.47%
24.6
20.9
-15.04%
$459,768
$474,477
3.20%
$466,484
$478,257
2.52%
98.6%
99.2%
0.61%
Condominiums
1,398
1,406
0.57%
32.5
23.9
-26.46%
$287,639
$308,945
7.41%
$295,166
$313,123
6.08%
97.4%
98.7%
1.33%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$300K-$499K $1M-$1.49M
449
17.91%
$500K-$749K $1.5M+
229 897
1,031 50.04%
2,567
32.05% 2,677
2422 Silver Fox Ln | MLS# VAFX1057614
Annandale Fairfax County 4313 Lorene Ln | MLS# VAFX1082256
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
192
195
1.56%
51
68
33.33%
63
65
3.17%
Average Days on Market
31.9
33.5
5.02%
16.3
16.3
0.00%
24.4
20.4
-16.39%
Average Sold Price
$627,195
$659,772
5.19%
$402,957
$450,094
11.70%
$204,734
$229,877
12.28%
Average Original Price
$645,551
$674,156
4.43%
$407,556
$452,650
11.06%
$209,561
$232,684
11.03%
97.2%
97.9%
0.72%
98.9%
99.4%
0.51%
97.7%
98.8%
1.13%
Highest Priced Home
$1,341,500
$1,560,000
16.29%
$517,500
$700,000
35.27%
$330,000
$375,000
13.64%
Lowest Priced Home
$260,000
$409,000
57.31%
$154,000
$260,000
68.83%
$125,000
$154,000
23.20%
Average Sold vs. List Price
47
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Burke Fairfax County 9317 Raintree Rd | MLS# VAFX1090840
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
131
128
-2.29%
139
157
12.95%
14
16
14.29%
Number of Units Sold
29.9
27.9
-6.69%
26.4
20.0
-24.24%
23.4
15.7
-32.91%
Average Days on Market
$615,808
$677,413
10.00%
$416,216
$414,667
-0.37%
$249,707
$231,519
-7.28%
Average Sold Price
$630,035
$695,431
10.38%
$422,798
$416,208
-1.56%
$255,521
$232,828
-8.88%
Average Original Price
97.7%
97.4%
-0.31%
98.4%
99.6%
1.22%
97.7%
99.4%
1.74%
Average Sold vs. List Price
$1,330,000
$1,500,000
12.78%
$726,000
$540,000
-25.62
$290,000
$295,000
1.72%
Highest Priced Home
$402,500
$440,000
9.32%
$225,000
$239,000
-6.27%
$165,000
$145,000
-12.12%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
48
Centreville Fairfax County 5104 Doyle Ln | MLS# VAFX1081858
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
142
129
-9.15%
290
303
4.48%
58
42
-27.59%
Average Days on Market
30.2
38.5
27.48%
21.0
14.7
-30.00%
23.7
20.3
-14.35%
Average Sold Price
$611,432
$654,653
7.07%
$370,220
$387,888
4.77%
$239,772
$248,483
3.63%
Average Original Price
$624,646
$673,645
7.84%
$375,448
$389,621
3.77%
$245,283
$257,990
5.18%
97.9%
97.2%
-0.72%
98.6%
99.6%
1.01%
97.8%
96.3%
-1.53%
Highest Priced Home
$1,350,000
$1,300,000
-3.70%
$575,400
$605,000
5.14%
$315,000
$335,000
6.35%
Lowest Priced Home
$380,000
$425,000
11.84%
$215,000
$202,000
-6.05%
$165,000
$160,000
-3.03%
Average Sold vs. List Price
49
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Chantilly Fairfax County 4179 Pleasant Meadow Ct #100E | MLS# VAFX1052164
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
75
69
-8.00%
22
33
50.00%
11
15
36.36%
Number of Units Sold
21.6
19.8
-8.33%
21.8
10.3
-52.75%
59.6
24.9
-58.22%
Average Days on Market
$629,396
$635,197
0.92%
$340,462
$390,618
14.73%
$236,727
$254,960
7.70%
Average Sold Price
$643,415
$641,467
-0.30%
$345,874
$397,734
14.99%
$248,036
$258,993
4.42%
Average Original Price
97.8%
99.0%
1.23%
98.4%
98.2%
-0.20%
95.4%
98.4%
3.14%
Average Sold vs. List Price
$1,315,000
$1,289,966
-1.90%
$626,377
$735,000
17.34%
$270,000
$277,000
2.59%
Highest Priced Home
$350,000
$350,000
0.00%
$190,000
$214,000
12.63%
$210,000
$223,500
6.43%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
50
Clifton & Fairfax Station Fairfax County 6824 Compton Heights Cir | MLS# VAFX1095318
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
165
201
21.82%
13
28
115.38%
9
8
-11.11%
Average Days on Market
53.5
50.6
-5.42%
19.2
18.7
-2.60%
19.1
14.5
-24.08%
Average Sold Price
$793,067
$859,355
8.36%
$389,523
$388,508
-0.26%
$230,847
$251,813
9.08%
Average Original Price
$823,435
$885,744
7.57%
$390,227
$396,463
1.60%
$237,089
$251,662
6.15%
96.3%
97.0%
0.73%
99.8%
98.0%
-1.80%
97.4%
100.1%
2.77%
Highest Priced Home
$1,350,000
$3,900,000
188.89%
$500,000
$550,000
10.00%
$280,000
$275,000
-1.79%
Lowest Priced Home
$350,000
$475,000
35.71%
$239,000
$231,000
-3.35
$190,000
$194,500
2.37%
Average Sold vs. List Price
51
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Fairfax (including Fairfax City) Fairfax County 3437 Preservation Dr | MLS# VAFC118354
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
450
501
11.33%
395
382
-3.29%
209
219
4.78%
35.2
38.9
10.51%
26.0
21.6
-16.92%
29.1
15.7
-46.05%
Average Days on Market
$689,484
$718,678
4.23%
$506,414
$520,658
2.81%
$318,376
$303,067
-4.81%
Average Sold Price
$708,535
$735,137
3.75%
$515,151
$525,492
2.01%
$324,797
$305,056
-6.08%
Average Original Price
97.3%
97.8%
0.51%
98.3%
99.1%
0.81%
98.0%
99.3%
1.33%
Average Sold vs. List Price
$1,757,288
$2,262,980
28.78%
$986,435
$1,145,995
16.18%
$695,000
$602,000
-13.38%
Highest Priced Home
$349,900
$330,000
-5.69%
$225,000
$216,000
-4.00%
$120,000
$140,000
16.67%
Lowest Priced Home
Number of Units Sold
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
52
Falls Church (Fairfax County) Fairfax County 2160 Royal Lodge Dr | MLS# VAFX1093300
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
320
329
2.81%
115
83
-27.83%
230
188
-18.26%
Average Days on Market
37.0
35.9
-2.97%
26.7
20.7
-22.47%
35.0
15.0
-57.14%
Average Sold Price
$729,550
$779,282
6.82%
$578,258
$605,666
4.74%
$244,906
$274,214
11.97%
Average Original Price
$753,164
$791,825
5.13%
$587,681
$609,292
3.68%
$253,103
$275,941
9.02%
96.9%
98.4%
1.55%
98.4%
99.4%
1.02%
96.8%
99.4%
2.69%
Highest Priced Home
$2,025,000
$2,100,000
3.70%
$1,125,000
$1,200,000
6.67%
$620,000
$497,600
-19.74%
Lowest Priced Home
$255,000
$342,500
34.31%
$295,000
$337,000
14.24%
$115,000
$144,000
25.22%
Average Sold vs. List Price
53
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Great Falls Fairfax County 9807 Thunderhill Ct | MLS# VAFX1001126
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
115
145
26.09%
---
---
---
---
---
---
Number of Units Sold
68.9
107.0
55.30%
---
---
---
---
---
---
Average Days on Market
$1,117,075
$1,225,648
9.72%
---
---
---
---
---
---
Average Sold Price
$1,198,070
$1,313,987
9.68%
---
---
---
---
---
---
Average Original Price
93.2%
93.3%
0.11%
---
---
---
---
---
---
Average Sold vs. List Price
$3,200,000
$4,200,000
31.25%
---
---
---
---
---
---
Highest Priced Home
$580,000
$470,000
-18.97%
---
---
---
---
---
---
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
54
Herndon & Oak Hill Fairfax County 11930 Richland Ln | MLS# VAFX1083768
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
254
293
15.35%
166
181
9.04%
62
74
19.35%
Average Days on Market
31.6
32.1
1.58%
35.1
25.5
-27.35%
24.2
37.3
54.13%
Average Sold Price
$641,616
$656,506
2.32%
$470,201
$456,041
-3.01%
$264,491
$279,492
5.67%
Average Original Price
$656,510
$669,612
2.00%
$478,693
$463,119
-3.25%
$270,856
$284,038
4.87%
97.7%
98.0%
0.31%
98.2%
98.5%
0.31%
97.6%
98.4%
0.82%
Highest Priced Home
$1,506,880
$1,600,000
6.18%
$800,000
$700,000
-12.50%
$575,416
$515,718
-10.37%
Lowest Priced Home
$360,500
$325,000
-9.85%
$231,000
$261,025
13.00%
$174,900
$187,000
6.92%
Average Sold vs. List Price
55
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Lorton Fairfax County 8175 Pasture Rose Ct | MLS# VAFX1094976
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
86
127
47.67%
131
143
9.16%
26
22
-15.38%
Number of Units Sold
35.8
41.7
16.48%
27.9
35.8
28.32%
21.7
12.5
-42.40%
Average Days on Market
$662,228
$664,139
0.29%
$395,668
$423,854
7.12%
$255,396
$278,998
9.24%
Average Sold Price
$691,852
$683,111
-1.26%
$401,939
$427,004
6.24%
$260,283
$279,100
7.23%
Average Original Price
95.7%
97.2%
1.57%
98.4%
99.3%
0.91%
98.1%
100.0%
1.94%
Average Sold vs. List Price
$2,500,000
$1,875,00
-25.00%
$757,214
$716,000
-5.44%
$425,000
$419,000
-1.41%
Highest Priced Home
$260,000
$305,000
17.31%
$142,000
$180,125
26.85%
$169,900
$237,000
39.49%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
56
McLean Fairfax County 1411 Kurtz Rd | MLS# VAFX1067122
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
259
288
11.20%
45
45
0.00%
128
139
8.59%
Average Days on Market
58.2
75.7
30.07%
39.2
36.0
-8.16%
35.7
31.9
-10.64%
Average Sold Price
$1,576,048
$1,542,476
-2.13%
$777,987
$889,811
14.37%
$444,074
$412,185
-7.18%
Average Original Price
$1,685,259
$1,625,101
-3.57%
$802,126
$925,770
15.41%
$456,552
$423,569
-7.22%
93.5%
94.9%
1.50%
97.0%
96.1%
-0.93%
97.3%
97.3%
0.00%
Highest Priced Home
$19,900,000
$8,575,000
-56.91%
$1,850,000
$2,300,000
24.32%
$2,079,900
$1,862,000
-10.48%
Lowest Priced Home
$550,000
$325,000
-40.91%
$329,900
$270,000
-18.16%
$185,000
$175,000
-5.41%
Average Sold vs. List Price
57
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Reston Fairfax County 11005 Birdfoot Ct | MLS# VAFX1086428
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
125
134
7.20%
306
277
-9.48%
219
275
25.57%
Number of Units Sold
32.6
38.3
17.48%
25.0
25.4
1.60%
36.2
36.7
1.38%
Average Days on Market
$709,940
$725,909
2.25%
$483,157
$488,264
1.06%
$317,606
$352,913
11.12%
Average Sold Price
$732,236
$749,502
2.36%
$490,779
$495,584
0.98%
$327,806
$361,846
10.38%
Average Original Price
97.0%
96.9%
-0.10%
98.4%
98.5%
0.10%
96.9%
97.5%
0.62%
Average Sold vs. List Price
$1,450,000
$1,225,000
-15.52%
$1,100,000
$1,026,000
-6.73%
$1,550,000
$1,400,000
-9.68%
Highest Priced Home
$320,250
$389,900
21.75%
$193,000
$225,000
16.58%
$122,500
$100,077
-18.30%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
58
Springfield Fairfax County 6030 Queenston St | MLS# VAFX1072950
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
395
400
1.27%
284
231
-18.66%
30
32
6.67%
Average Days on Market
29.8
22.7
-23.83%
19.7
15.2
-22.84%
18.9
12.3
-34.92%
Average Sold Price
$656,499
$578,933
2.38%
$411,956
$434,497
5.47%
$231,170
$245,978
6.41%
Average Original Price
$581,012
$584,350
0.57%
$416,283
$434,619
4.40%
$232,821
$247,001
6.09%
97.3%
99.1%
1.85%
99.0%
100.0%
1.01%
99.3%
99.6%
0.30%
Highest Priced Home
$1,250,000
$1,225,000
-2.00%
$575,000
$630,000
9.57%
$430,000
$465,000
8.14%
Lowest Priced Home
$190,000
$390,000
105.26%
$225,000
$260,000
15.56%
$160,000
$170,000
6.25%
Average Sold vs. List Price
59
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Vienna & Oakton Fairfax County 900 Glyndon St SE | MLS# VAFX1093124
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
377
397
5.31%
118
120
1.69%
98
81
-17.35%
39.4
55.6
41.12%
23.0
27.7
20.43%
49.7
25.0
-49.70
Average Days on Market
$974,907
$995,614
2.12%
$609,385
$619,071
1.59%
$336,762
$340,906
1.23%
Average Sold Price
$1,010,840
$1,037,608
2.65%
$618,715
$627,085
1.35%
$345,375
$344,205
-0.34%
Average Original Price
96.4%
96.0%
-0.41%
98.5%
98.7%
0.20%
97.5%
99.0%
1.54%
Average Sold vs. List Price
$2,716,987
$2,625,000
-3.39%
$1,120,000
$1,030,000
-8.04%
$1,030,403
$540,000
-47.59%
Highest Priced Home
$470,000
$504,000
7.23%
$232,500
$336,000
44.52%
$195,000
$212,000
8.72%
Lowest Priced Home
Number of Units Sold
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
60
DAVID HOWELL
Loudoun County, Fauquier County & Prince William County All three jurisdictions of Northern Virginia’s outer suburbs had a good second half of 2019. Here are the highlights: Prince William County Unit sales rose 4.2% in Prince William, with Gainesville contributing a 16% increase in their sales. While the days on market for homes sold didn’t change much – 33 days in 2019 compared to 32 in 2018 – the overall average sales price rose 5.6%. And homes sold 0.5% closer to their original list price. Woodbridge continues to have the largest number of sales in the County, accounting for 43% of all activity. And while Prince William’s inventory of homes is lower, its drop has not been as significant as its neighbors. Fauquier County Although Fauquier is the smallest and most rural of these three areas, it once again had the best market performance. There was a 27% increase in the number of homes sold, and the average sales price was up 5.6%. Fauquier does not have the same inventory challenge as Loudoun and Prince William, with almost the same number of homes on the market as last year. Loudoun County The number of homes sold was up almost 6.25% compared to the first half of 2018, and that’s a nice turnaround from the 7% drop in the first half of the year. The average number of days a home was on the market before going under contract dropped from 38 days to 34, the average sales price rose 4.7% and homes sold just about as close to list price as they did in the second half of 2018. However, Ashburn had a 15% drop in the number of unit sales in the second half of the year, but that’s entirely due to the lack of inventory. There has been a consequential drop in the number of homes on the market in Loudoun County. As the chart below indicates, inventory has been trending downward for years, but the pace accelerated after the Amazon HQ2 announcement. In the almost five years leading up to the announcement, month-end inventory on the market averaged over 1,500 homes – and that has since dropped to an average of just 870. That’s a 45% drop. Contract activity hasn’t changed much as demand has remained strong. As noted in the other close-in Virginia jurisdictions, we do not see anything in the near-term that will reverse this trend, continuing to make this a great market for sellers.
Active Inventory vs. Contract Activity (2014 - 2019) 2,500 Amazon HQ2 Announcement 2,000 1,500 1,000 500 0 J 14 M M J
S N
J 15 M M J
Loudoun County Actives
S N
J 16 M M J
Loudoun County Contracts
S N
J 17 M M J
S N
J 18 M M J
Linear (Loudoun County Actives)
S N
J 19 M M J
S N
Linear (Loudoun County Contracts)
Loudoun County, Virginia NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
3,295
3,501
6.25%
38.0
33.8
-11.05%
$526,571
$551,140
4.67%
$538,942
$562,292
4.33%
97.7%
98.0%
0.31%
Ashburn
916
781
-14.74%
32.0
30.9
-3.44%
$532,947
$543,666
2.01%
$541,811
$551,589
1.80%
98.4%
98.6%
0.20%
Leesburg
699
741
6.01%
43.3
36.6
-15.47%
$529,417
$546,155
3.16%
$546,032
$558,363
2.26%
97.0%
97.8%
0.82%
East Loudoun
638
925
44.98%
31.3
25.4
-18.85%
$427,931
$480,150
12.20%
$435,310
$486,370
11.73%
98.3%
98.7%
0.41%
West Loudoun
679
757
11.49%
52.2
46.7
-10.54%
$576,657
$628,003
8.90%
$593,643
$649,848
9.47%
97.1%
96.6%
-0.51%
LOUDOUN COUNTY
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
1,529
1,636
7.00%
46.3
44.8
-3.24%
$657,448
$690,696
5.06%
$676,621
$709,854
4.91%
97.2%
97.3%
0.10%
Attached Homes
1,219
1,257
3.12%
30.1
24.0
-20.27%
$458,149
$475,885
3.87%
$465,092
$480,112
3.87%
98.5%
99.1%
0.61%
Condominiums
547
608
11.15%
32.4
24.7
-23.77%
$313,217
$331,205
5.74%
$318,672
$335,134
5.17%
98.3%
98.8%
0.51%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$500K-$749K $1.5M+
$300K-$499K $1M-$1.49M
21
396
17.37%
46.73% 35.90%
93
262
1,421 1,308
38238 Stone Eden Dr | MLS# VALO381348
Ashburn Loudoun County 19883 Naples Lakes Ter | MLS# VALO385290
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
258
234
-9.30%
456
369
-19.08%
202
178
-11.88%
Average Days on Market
36.7
36.6
-0.27%
30.1
30.8
2.33%
30.3
23.5
-22.44%
Average Sold Price
$745,679
$734,800
-1.46%
$501,743
$514,988
2.64%
$331,682
$351,849
6.08%
Average Original Price
$761,161
$749,766
-1.50%
$508,534
$520,392
2.33%
$336,771
$355,735
5.63%
98.0%
98.0%
0.00%
98.7%
99.0%
0.30%
98.5%
98.9%
0.41%
Highest Priced Home
$1,455,348
$1,700,000
16.81%
$1,461,729
$1,150,000
-21.33%
$699,990
$602,886
-13.87%
Lowest Priced Home
$475,000
$433,000
-8.84%
$303,000
$235,000
-22.44%
$163,726
$184,500
12.69%
Average Sold vs. List Price
65
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Leesburg Loudoun County 42324 Big Springs Ct | MLS# VALO381592
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
344
367
6.69%
246
236
-4.07%
109
138
26.61%
Number of Units Sold
49.5
47.1
-4.85%
37.2
25.1
-32.53%
37.7
28.4
-24.67%
Average Days on Market
$673,079
$706,415
4.95%
$444,207
$444,063
-0.03%
$268,336
$294,547
9.77%
Average Sold Price
$697,070
$726,621
4.24%
$455,113
$447,446
-1.68%
$274,556
$300,576
9.48%
Average Original Price
96.6%
97.2%
0.62%
97.6%
99.2%
1.64%
97.7%
98.0%
0.31%
Average Sold vs. List Price
$1,872,500
$2,934,242
56.70%
$899,900
$1,240,000
37.79%
$549,349
$765,000
39.26%
Highest Priced Home
$265,000
$260,000
-1.89%
$181,000
$215,000
18.78%
$93,350
$107,700
15.37%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
66
East Loudoun Loudoun County 45574 Clydesdale Ct | MLS# VALO395642
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
273
340
24.54%
244
396
62.3%
121
189
56.20%
Average Days on Market
36.8
32.7
-11.14%
24.3
20.2
-16.87%
33.0
22.9
-30.61%
Average Sold Price
$514,353
$603,633
17.36%
$397,509
$444,093
11.72%
$294,292
$333,558
13.34%
Average Original Price
$525,583
$614,588
16.93%
$401,568
$447,806
11.51%
$299,678
$336,517
12.29%
97.9%
98.2%
0.31%
99.0%
99.2%
0.20%
98.2%
99.1%
0.92%
Highest Priced Home
$1,190,000
$1,425,000
19.75%
$650,000
$756,000
16.31%
$630,000
$665,000
5.56%
Lowest Priced Home
$290,000
$217,000
-25.17%
$190,000
$180,500
-5.00%
$150,000
$138,900
-7.40%
Average Sold vs. List Price
67
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
West Loudoun Loudoun County 231 E Main St | MLS# VALO382250
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
475
561
18.11%
128
141
10.16%
76
55
-27.63%
Number of Units Sold
59.2
56.6
-4.39%
37.6
18.9
-49.73%
32.3
17.1
-47.06%
Average Days on Market
$655,926
$696,067
6.12%
$425,759
$465,516
9.34%
$335,363
$350,313
4.46%
Average Sold Price
$676,978
$724,268
6.99%
$433,925
$469,724
8.25%
$341,798
$352,538
3.14%
Average Original Price
96.9%
96.1%
-0.83%
98.1%
99.1%
1.02%
98.1%
99.4%
1.33%
Average Sold vs. List Price
$2,600,000
$3,300,000
26.92%
$648,688
$2,150,000
231.44%
$475,000
$423,317
-10.88%
Highest Priced Home
$106,000
$115,000
8.49%
$210,000
$265,000
26.19%
$195,000
$170,000
-12.82%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
68
Fauquier County, Virginia NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
FAUQUIER COUNTY
488
619
26.84%
54.6
62.0
13.55%
$459,681
$488,830
6.34%
$482,352
$513,808
6.52%
95.3%
95.1%
-0.21%
Warrenton
251
323
28.69%
43.6
55.1
26.38%
$444,887
$461,889
3.82%
$460,342
$477,878
3.81%
96.6%
96.7%
0.10%
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
430
543
26.28%
57.9
65.9
13.82%
$487,586
$521,097
6.87%
$512,694
$548,772
7.04%
95.1%
95.0%
-0.11%
Attached Homes
32
50
56.25%
23.4
21.9
-6.41%
$252,659
$271,761
7.56%
$256,748
$274,304
6.84%
98.4%
99.1%
0.71%
Condominiums
26
26
0.00%
37.7
57.1
51.46%
$252,962
$232,377
-8.14%
$258,204
$244,200
-5.42%
98.0%
95.2%
-2.86%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$300K-$499K $1M-$1.49M
13 20 7
4.20% 8.08%
145
165
87.72% 269
$500K-$749K $1.5M+
Warrenton Fauquier County 4537 Spring Run Rd | MLS# VAFQ155176
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
210
275
30.95%
24
28
16.67%
17
20
17.65%
Average Days on Market
46.9
58.0
23.67%
27.1
21.5
-20.66%
26.0
61.9
138.08%
Average Sold Price
$475,730
$493,338
3.70%
$272,071
$299,275
10.00%
$307,859
$257,115
-16.48%
Average Original Price
$493,247
$510,765
3.55%
$276,760
$302,202
9.19%
$313,041
$271,635
-13.23%
96.4%
96.6%
0.21%
98.3%
99.0%
0.71%
98.3%
94.7%
-3.66%
Highest Priced Home
$2,500,000
$1,250,000
-50.00%
$389,000
$390,000
0.26%
$475,000
$389,000
-18.11%
Lowest Priced Home
$130,000
$182,000
40.00%
$188,500
$219,000
16.18%
$170,000
$125,000
-26.47%
Average Sold vs. List Price
71
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Prince William County, Virginia NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
3,623
3,774
4.17%
31.8
33.4
5.03%
$389,080
$410,758
5.57%
$398,184
$418,104
5.00%
97.7%
98.2%
0.51%
Bristow
282
270
-4.26%
25.7
27.1
5.45%
$437,788
$452,111
3.27%
$445,298
$457,979
2.85%
98.3%
98.7%
0.41%
Dumfries
335
357
6.57%
34.8
42.5
22.13%
$371,684
$383,824
3.27%
$380,304
$390,045
2.56%
97.7%
98.4$
0.72%
Gainesville
337
394
16.91%
27.1
35.9
32.47%
$454,986
$466,597
2.55%
$466,959
$475,476
1.82%
97.4%
98.1%
0.72%
Haymarket
277
300
8.30%
33.4
43.3
29.64%
$526,972
$569,717
8.11%
$539,735
$585,699
8.52%
97.6%
97.3%
-0.31%
Manassas
661
662
0.15%
32.7
31.2
-4.59%
$381,349
$400,595
5.05%
$391,015
$407,104
4.11%
97.5%
98.4%
0.92%
1,595
1,632
2.32%
31.4
29.0
-7.64%
$343,390
$367,039
6.89%
$350,968
$372,316
6.08%
97.8%
98.6%
0.82%
PRINCE WILLIAM COUNTY
Woodbridge
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
2,011
2,096
4.23%
35.3
39.2
11.05%
$456,149
$483,313
5.96%
$468,409
$493,630
5.38%
97.4%
97.9%
0.51%
Attached Homes
1,441
1,518
5.34%
26.7
26.5
-0.75%
$314,870
$329,799
4.74%
$319,737
$333,436
4.28%
98.5%
98.9%
0.41%
Condominiums
171
160
-6.43%
34.2
23.0
-32.75%
$225,681
$228,389
1.20%
$233,395
$232,005
-0.60%
96.7%
98.4%
1.76%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$300K-$499K $1M-$1.49M
19 70 2
4.24%
768
813
40.22%
55.54%
2,102
$500K-$749K $1.5M+
2014 Youngs Dr | MLS# VAPW462766
Bristow Prince William County 12056 Elliots Oak Pl | MLS# VAPW464188
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
173
163
-5.78%
109
107
-1.83%
---
---
---
Average Days on Market
27.8
29.6
6.47%
22.5
23.3
3.56%
---
---
---
Average Sold Price
$491,883
$515,189
4.74%
$351,932
$356,021
1.16%
---
---
---
Average Original Price
$500,791
$521,948
4.22%
$357,223
$360,531
0.93%
---
---
---
98.2%
98.7%
0.51%
98.5%
98.7%
0.20%
---
---
---
Highest Priced Home
$657,000
$762,500
16.06%
$455,000
$440,000
-3.30%
---
---
---
Lowest Priced Home
$135,000
$300,000
122.22%
$264,000
$260,000
-1.52%
---
---
---
Average Sold vs. List Price
75
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Dumfries Prince William County 15337 Edgehill Dr | MLS# VAPW476642
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
172
177
2.91%
160
173
8.13%
3
7
133.33%
Number of Units Sold
41.0
47.6
16.10%
28.6
37.8
32.17%
9.7
27.7
185.57%
Average Days on Market
$437,254
$448,718
2.62%
$304,283
$324,723
6.72%
$207,000
$203,571
-1.66%
Average Sold Price
$450,087
$458,035
1.77%
$308,537
$327,828
6.25%
$206,967
$208,514
0.75%
Average Original Price
97.1%
98.0%
0.93%
98.6%
99.1%
0.51%
100.0%
97.6%
-2.40%
Average Sold vs. List Price
$803,197
$850,000
5.83%
$578,500
$618,750
6.96%
$316,000
$285,000
-9.81%
Highest Priced Home
$98,000
$215,000
119.39%
$186,000
$166,000
-10.75%
$135,000
$140,000
3.70%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
76
Gainesville Prince William County 7055 Heritage Hunt Dr #311 | MLS# VAPW480598
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
191
220
15.18%
140
150
7.14%
6
24
300.00%
Average Days on Market
32.7
41.1
25.69%
20.0
29.2
46.00%
12.3
29.3
138.21%
Average Sold Price
$536,357
$551,632
2.85%
$352,540
$369,163
4.72%
$255,067
$296,075
16.08%
Average Original Price
$554,475
$563,344
1.60%
$356,575
$374,267
4.96%
$256,633
$302,571
17.90%
96.7%
97.9%
1.24%
98.9%
98.6%
-0.30%
99.4%
97.9%
-1.51%
Highest Priced Home
$2,200,000
$1,230,000
-44.09%
$570,000
$560,125
-1.73%
$330,000
$460,000
39.39%
Lowest Priced Home
$168,000
$254,000
51.19%
$229,900
$249,900
8.70%
$175,000
$170,000
-2.86%
Average Sold vs. List Price
77
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Haymarket Prince William County 6640 Bartrams Forest Ln | MLS# VAPW471924
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
177
211
19.21%
84
81
-3.57%
16
8
-50.00%
Number of Units Sold
36.0
51.2
42.22%
19.8
24.6
24.24%
76.4
26.0
-65.97%
Average Days on Market
$608,950
$640,464
5.18%
$390,859
$407,089
4.15%
$334,688
$350,375
4.69%
Average Sold Price
$624,957
$660,386
5.67%
$396,349
$413,623
4.36%
$349,737
$358,085
2.39%
Average Original Price
97.4%
97.0%
-0.41%
98.6%
98.4%
-0.20%
95.7%
97.8%
2.19%
Average Sold vs. List Price
$1,500,000
$1,524,105
1.61%
$572,000
$575,000
0.52%
$450,000
$430,000
-4.44%
Highest Priced Home
$186,000
$149,877
-19.42%
$230,000
$265,000
15.22%
$260,000
$300,000
15.38%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
78
Manassas Prince William County 9037 New Britain Cir | MLS# VAMN137328
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
392
386
-1.53%
222
243
9.46%
47
33
-29.79%
Average Days on Market
39.8
37.2
-6.53%
21.7
23.8
9.68%
25.4
16.0
-37.01%
Average Sold Price
$450,335
$469,419
4.24%
$301,675
$320,153
6.13%
$182,309
$187,903
3.07%
Average Original Price
$463,208
$478,276
3.25%
$306,117
$323,788
5.77%
$189,910
$188,115
-0.95%
97.2%
98.1%
0.93%
98.5%
98.9%
0.41%
96.0%
99.9%
4.06%
Highest Priced Home
$970,000
$1,500,000
54.64%
$515,500
$502,172
-2.59%
$375,495
$230,000
-38.75%
Lowest Priced Home
$100,000
$187,000
87.00%
$165,000
$155,000
-6.06%
$112,000
$90,000
-19.64%
Average Sold vs. List Price
79
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Woodbridge Prince William County 3621 Beaver Ford Rd | MLS# VAPW476136
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
796
811
1.88%
701
734
4.71%
98
87
-11.22%
Number of Units Sold
33.2
33.4
0.60%
29.0
24.8
-14.48%
33.3
23.5
-29.43%
Average Days on Market
$397,872
$431,364
8.42%
$297,789
$313,861
5.40%
$227,055
$216,066
-4.84%
Average Sold Price
$407,753
$438,899
7.64%
$302,809
$316,829
4.63%
$234,217
$219,771
-6.17%
Average Original Price
97.6%
98.3%
0.72%
98.3%
99.1%
0.81%
96.9%
98.3%
1.44%
Average Sold vs. List Price
$1,100,000
$1,350,000
22.73%
$568,500
$537,500
-5.45%
$565,000
$495,000
-12.39%
Highest Priced Home
$182,000
$195,000
7.14%
$133,000
$180,000
35.34%
$113,000
$105,250
-6.86%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
80
DAVID HOWELL
Suburban Maryland The Maryland suburbs, in general, fared better than their counterparts on the other side of the Potomac in the second half of 2019. Montgomery County Units sales in the County were up 7.8%, a nice rebound from the 4.5% drop the first half of the year. The average number of days a home was on the market before receiving a contract was down about two days, and the average sales price was up 4.7%. Bethesda/Chevy Chase unit sales were up a very healthy 19% and the average sales price eclipsed the $1,000,000 for the first time. Likewise, Potomac/North Potomac fared well, with sales up 16%. As is true in the Virginia suburban markets, there has been a downward trend to inventory in Montgomery County over the last several years. Yet the drop has not been as pronounced, with inventory over the last 14 months averaging 22% lower than the preceding 58 months. Contract activity has not been impacted, perking along at a monthly average of 1,100 homes. This mirrors the national trend of lower inventory – people are simply staying in their homes longer. We do not see any trends that will bring any real increase in inventory.
Active Inventory vs. Contract Activity (2014 - 2019) 3,500 3,000 2,500 2,000 1,500 1,000 500 Amazon HQ2 Announcement 0 J
14 M
M
J
S
N
J
15 M
Montgomery Co. Actives
M
J
S
N
J
16 M
M
J
Montgomery Co. Contracts
S
N
J
17 M
M
J
S
N
J
18 M
M
J
Linear (Montgomery Co. Actives)
S
N
J
19 M
M
J
S
N
Linear (Montgomery Co. Contracts)
Prince George’s County Unit sales were almost unchanged in the second half of 2019 compared to the same time in 2018, up slightly less than 1%. But fueled by the region’s best supply of more affordable homes, demand drove the average sales price up a very healthy 6.9% – the best in the metro area. The average days on market for homes going under contract fell slightly to 38 days, down from 41 the previous year. The Oxon Hill/National Harbor area had the biggest increase in unit sales, up 16%. Prince George’s County has more stability in listing inventory than Montgomery County. The average month-end number of homes on the market between January 2014 and the Amazon HQ2 announcement in November 2018 was 1,850. In the months since then, the average has been 1,700, just an 8% drop. But in that same time interval, contract activity has risen from an average of 890 homes per month to just under 1,100. That 21% increase is, by a considerable amount, the best in the region and reflects the attraction of that affordable inventory.
Active Inventory vs. Contract Activity (2014 - 2019) 2,500
2,000
1,500
1,000
500 Amazon HQ2 Announcement 0
J 14 M M J
S N J 15 M M J
Prince George’s Actives
S N J 16 M M J
Prince George’s Contracts
S N J 17 M M J
S N J 18 M M J
Linear (Prince George’s Actives)
S N J 19 M M J
S N
Linear (Prince George’s Contracts)
Montgomery County, Maryland NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
6,154
6,636
7.83%
43.8
42.8
-2.28%
$533,612
$558,901
4.74%
$551,849
$576,844
4.53%
96.7%
96.9%
0.21%
Bethesda & Chevy Chase
746
885
18.63%
58.2
54.0
-7.22%
$995,781
$1,044,785
4.92%
$1,040,570
$1,092,398
4.98%
95.7%
95.6%
-0.10%
Gaithersburg
816
862
5.64%
44.2
37.6
-14.93%
$407,852
$404,289
-0.87%
$418,677
$412,518
-1.47%
97.4%
98.0%
0.62%
Germantown
610
630
3.28%
36.3
34.1
-6.06%
$322,619
$347,178
7.61%
$330,022
$353,182
7.02%
97.8%
98.3%
0.51%
Kensington
150
149
-0.67%
44.4
40.0
-9.91%
$639,983
$716,215
11.91%
$658,469
$738,256
12.12%
97.2%
97.0%
-0.21%
Potomac & North Potomac
338
393
16.27%
63.1
85.0
34.71%
$999,512
$979,778
-1.97%
$1,070,425
$1,033,071
-3.49%
93.4%
94.8%
1.50%
Rockville
811
874
7.77%
41.1
43.1
4.87%
$513,353
$507,844
-1.07%
$526,795
$523,413
-0.64%
97.4%
97.0%
0.41%
1,444
1,559
7.96%
35.8
32.1
-10.34%
$395,717
$414,665
4.79%
$404,447
$421,940
4.33%
97.8%
98.3%
0.51%
MONTGOMERY COUNTY
Silver Spring
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
3,263
3,624
11.06%
48.4
47.1
-2.69%
$698,854
$715,542
2.39%
$725,035
$741,181
2.23%
96.4%
96.5%
0.10%
Attached Homes
1,774
1,796
1.24%
34.4
34.2
-0.58%
$391,144
$402,940
3.02%
$398,294
$409,924
2.92%
98.2%
98.3%
0.10%
Condominiums
1,117
1,216
8.86%
45.5
42.9
-5.71%
$277,172
$322,418
16.32%
$289,807
$333,611
15.11%
95.6%
96.6%
1.05%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
406
18.32%
$500K-$749K $1.5M+
$300K-$499K $1M-$1.49M
213 1,350
622
54.61% 27.06%
1,590 2,455
3816 Inverness Dr | MLS# MDMC663262
Bethesda & Chevy Chase Montgomery County 5305 Saratoga Ave | MLS# MDMC663266
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
465
579
24.52%
72
75
4.17%
209
231
10.53%
Average Days on Market
54.9
52.0
-5.28%
36.5
46.8
28.22%
73.2
61.4
-16.12%
Average Sold Price
$1,257,401
$1,255,127
-0.18%
$842,886
$901,110
6.91%
$466,379
$564,211
20.98%
Average Original Price
$1,311,375
$1,313,966
0.20%
$862,585
$923,250
7.03%
$499,374
$591,884
18.53%
95.9%
95.5%
-0.42%
97.7%
97.6%
-0.10%
93.4%
95.3%
2.03%
Highest Priced Home
$5,625,000
$6,900,000
22.67%
$2,075,000
$1,842,875
-11.19%
$2,950,000
$3,715,000
25.93%
Lowest Priced Home
$362,250
$495,000
36.65%
$380,000
$68,500
-81.97%
$128,000
$120,000
-6.25%
Average Sold vs. List Price
85
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Gaithersburg Montgomery County 9910 Brink Rd | MLS# MDMC676158
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
322
286
-11.18%
367
397
8.17%
127
179
40.94%
Number of Units Sold
57.3
45.8
-20.07%
34.4
33.7
-2.03%
39.2
33.0
-15.82%
Average Days on Market
$548,161
$543,243
-0.90%
$355,927
$359,415
0.98%
$202,158
$281,798
39.39%
Average Sold Price
$566,093
$557,777
-1.47%
$361,988
$365,182
0.88%
$208,734
$285,416
36.74%
Average Original Price
96.8%
97.4%
0.62%
98.3%
98.4%
0.10%
96.8%
98.7%
1.96%
Average Sold vs. List Price
$1,485,000
$1,455,000
-2.02%
$1,030,000
$950,000
-7.77%
$588,013
$759,081
29.09%
Highest Priced Home
$150,000
$268,000
78.67%
$173,000
$106,500
-38.44%
$75,000
$75,000
0.00%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
86
Germantown Montgomery County 13911 Lullaby Rd | MLS# MDMC657306
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
139
164
17.99%
337
352
4.45%
134
114
-14.93%
Average Days on Market
46.1
39.0
-15.40%
33.5
30.9
-7.76%
33.2
36.7
10.54%
Average Sold Price
$517,152
$502,623
-2.81%
$296,404
$319,692
7.86%
$186,755
$208,424
11.60%
Average Original Price
$530,344
$513,395
-3.20%
$301,762
$323,442
7.18%
$193,297
$214,527
10.98%
97.5%
97.9%
0.41%
98.2%
98.8%
0.61%
96.6%
97.2%
0.62%
Highest Priced Home
$1,075,000
$1,360,000
26.51$
$593,259
$566,898
-4.44%
$293,500
$395,000
34.58%
Lowest Priced Home
$202,000
$195,406
-3.26%
$160,000
$172,500
7.81%
$104,000
$130,000
25.00%
Average Sold vs. List Price
87
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Kensington Montgomery County 9720 Kensington Pkwy | MLS# MDMC625870
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
131
143
9.16%
10
4
-60.00%
9
2
-77.78%
Number of Units Sold
42.0
40.6
-3.33%
40.7
8.8
-78.38%
83.6
57.5
-31.22%
Average Days on Market
$686,278
$725,656
5.74%
$434,395
$607,250
39.79%
$194,567
$257,000
32.09%
Average Sold Price
$705,519
$748,449
6.08%
$443,924
$609,500
37.30%
$212,017
$266,950
25.91%
Average Original Price
97.3%
97.0%
-0.31%
97.9%
99.6%
1.74%
91.8%
96.3%
4.90%
Average Sold vs. List Price
$1,725,000
$1,900,000
10.14%
$825,000
$850,000
3.03%
$245,000
$295,000
20.41%
Highest Priced Home
$275,000
$279,000
1.45%
$217,500
$510,000
134.48%
$150,000
$219,000
46.00%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
88
Potomac & North Potomac Montgomery County 8604 Chateau Dr | MLS# MDMC654058
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
284
323
13.73%
51
60
17.65%
3
10
233.33%
Average Days on Market
64.9
93.8
44.53%
53.3
46.0
-13.70%
65.3
32.4
-50.38%
Average Sold Price
$1,050,716
$1,046,269
-0.42%
$727,567
$659,175
-9.40%
$775,333
$755,749
-2.53%
Average Original Price
$1,130,632
$1,106,961
-2.09%
$747,241
$675,513
-9.60%
$864,967
$791,789
-8.46%
92.9%
94.5%
1.72%
97.4%
97.6%
0.21%
89.6%
95.4%
6.47%
Highest Priced Home
$3,500,000
$4,785,000
36.71%
$1,500,000
$1,599,000
6.60%
$1,130,000
$1,240,000
9.73%
Lowest Priced Home
$452,000
$455,000
0.66%
$265,000
$300,000
13.21%
$246,000
$252,500
2.64%
Average Sold vs. List Price
89
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Rockville Montgomery County 10917 Brewer House Rd | MLS# MDMC650062
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
448
502
12.05%
174
164
-5.75%
189
208
10.05%
Number of Units Sold
39.2
40.4
3.06%
37.9
43.1
13.72%
48.4
49.7
2.69%
Average Days on Market
$582,822
$577,806
-0.86%
$542,900
$544,153
0.23%
$321,483
$310,365
-3.46%
Average Sold Price
$598,590
$596,739
-0.31%
$553,777
$556,041
0.41%
$331,774
$320,717
-3.33%
Average Original Price
97.4%
96.8%
-0.62%
98.0%
97.9%
-0.10%
96.9%
96.8%
-0.10%
Average Sold vs. List Price
$2,442,000
$1,745,000
-28.54%
$940,000
$850,000
-9.57%
$850,000
$855,000
0.59%
Highest Priced Home
$158,000
$240,000
51.90%
$175,000
$252,000
44.00%
$125,000
$102,500
-18.00%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
90
Silver Spring Montgomery County 5305 Saratoga Ave | MLS# MDMC663266
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
834
913
9.47%
286
311
8.74%
324
335
3.40%
Average Days on Market
36.7
32.4
-11.72%
33.3
27.6
-17.12%
35.7
35.4
-0.84%
Average Sold Price
$485,920
$502,899
3.49%
$352,046
$365,884
3.93%
$202,076
$219,479
8.61%
Average Original Price
$496,099
$511,517
3.11%
$358,327
$370,423
3.38%
$209,238
$225,635
7.84%
97.9%
98.3%
0.41%
98.2%
98.8%
0.61%
96.6%
97.3%
0.72%
Highest Priced Home
$1,430,000
$1,500,000
4.90%
$987,500
$1,040,000
5.32%
$490,000
$710,000
44.90%
Lowest Priced Home
$190,000
$205,000
7.89%
$85,000
$159,000
87.06%
$56,500
$55,000
-2.65%
Average Sold vs. List Price
91
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
1508 Gridley Ln | MLS# MDMC656410
Prince George’s County, Maryland
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
5,767
5,815
0.83%
41.4
38.5
-7.00%
$307,684
$328,963
6.92%
$315,812
$335,271
6.16%
97.4%
98.1%
0.72%
Bowie
802
773
-3.62%
39.0
32.4
-16.92%
$363,953
$377,141
3.62%
$371,497
$381,891
2.80%
98.0%
98.8%
0.82%
Capitol Heights
325
322
-0.92%
39.4
40.3
2.28%
$214,694
$237,950
10.83%
$223,061
$243,824
9.31%
96.2%
97.6%
1.46%
District Heights
219
240
9.59%
35.7
36.1
1.12%
$219,178
$243,857
11.26%
$225,065
$248,137
10.25%
97.4%
98.3%
0.92%
Fort Washington
381
373
-2.10%
48.7
41.7
-14.37%
$331,140
$343,122
3.62%
$344,296
$351,241
2.02%
96.2%
97.7%
1.56%
Hyattsville
408
347
-14.95%
37.6
31.3
-16.76%
$308,872
$324,116
4.94%
$317,217
$329,784
3.96%
97.4%
98.3%
0.92%
Laurel
326
361
10.74%
32.3
31.7
-1.86%
$291,421
$318,600
9.33%
$296,872
$324,731
9.38%
98.2%
98.1%
-0.10%
Oxon Hill & National Harbor
148
172
16.22%
40.4
40.9
1.24%
$285,668
$295,054
3.29%
$288,612
$300,417
4.09%
99.0%
98.2%
-0.81%
Upper Marlboro
898
946
5.35%
44.6
46.1
3.36%
$352,246
$379,265
7.67%
$359,944
$385,998
7.24%
97.9%
98.3%
0.41%
PRINCE GEORGE’S COUNTY
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
3,721
3,812
2.45%
45.5
42.7
-6.15%
$342,888
$364,692
6.36%
$352,941
$372,463
5.53%
97.2%
97.9%
0.72%
Attached Homes
1,631
1,589
-2.58%
34.4
30.5
-11.34%
$270,148
$289,585
7.19%
$275,300
$293,018
6.44%
98.1%
98.8%
0.71%
Condominiums
415
414
-0.24%
31.3
29.5
-5.75%
$139,553
$151,118
8.29%
$142,110
$154,998
9.07%
98.2%
97.5%
-0.71%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
$300K-$499K $1M-$1.49M
6 490 23
7.12%
27.33% 2,489
65.55% 2,807
$500K-$749K $1.5M+
13031 Boykin Pl | MLS# MDPG525420
Bowie Prince George’s County 2402 Keyberry Ln | MLS# 1007878780
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
563
534
-5.15%
213
219
2.82%
26
20
-23.08%
Average Days on Market
42.9
35.5
-17.25%
29.9
26.4
-11.71%
28.5
14.6
-48.77%
Average Sold Price
$405,349
$420,033
3.62%
$277,009
$289,742
4.60%
$179,838
$188,945
5.06%
Average Original Price
$414,173
$425,897
2.83%
$281,790
$291,981
3.62%
$182,297
$191,465
5.03%
97.9%
98.6%
0.72%
98.3%
99.2%
0.92%
98.7%
98.7%
0.00%
Highest Priced Home
$999,209
$1,400,000
40.11%
$445,000
$550,000
23.60%
$319,000
$320,000
0.31%
Lowest Priced Home
$110,000
$93,000
-15.45%
$98,000
$90,000
-8.16%
$105,000
$125,900
19.90%
Average Sold vs. List Price
95
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Capitol Heights Prince George’s County
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
224
230
2.68%
98
88
-10.20%
3
4
33.33%
Number of Units Sold
41.0
45.9
11.95%
36.4
26.7
-26.65%
21.7
17.3
-20.28%
Average Days on Market
$219,812
$238,353
8.43%
$205,782
$241,336
17.28%
$123,667
$140,250
13.41%
Average Sold Price
$227,804
$245,638
7.83%
$215,315
$243,561
13.12%
$121,967
$145,338
19.16%
Average Original Price
96.5%
97.0%
0.52%
95.6%
99.1%
3.66%
101.4%
96.5%
-4.83%
Average Sold vs. List Price
$407,000
$489,000
20.15%
$342,500
$349,000
1.90%
$139,000
$185,000
33.09%
Highest Priced Home
$48,000
$76,000
58.33%
$75,000
$125,000
66.67%
$105,000
$104,000
-0.95%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
96
District Heights Prince George’s County 6711 Darkwood Ct | MLS# 1009975568
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
123
145
17.89%
78
79
1.28%
18
16
-11.11%
Average Days on Market
37.5
45.3
20.80%
31.6
21.1
-33.23%
40.6
26.6
-34.48%
Average Sold Price
$242,851
$265,854
9.47%
$214,819
$235,194
9.48%
$76,306
$87,301
14.41%
Average Original Price
$249,924
$271,292
8.55%
$219,561
$237,589
8.21%
$79,050
$90,373
14.32%
97.2%
98.0%
0.82%
97.8%
99.0%
1.23%
96.5%
96.6%
0.10%
Highest Priced Home
$400,000
$425,000
6.25%
$270,000
$280,000
3.70%
$115,000
$130,000
13.04%
Lowest Priced Home
$87,000
$135,900
56.21%
$85,000
$85,000
0.00%
$35,000
$50,000
42.86%
Average Sold vs. List Price
97
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Fort Washington Prince George’s County 409 E Tantallon Dr | MLS# MDPG528200
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
338
341
0.89%
40
29
-27.50%
3
3
0.00%
50.5
41.9
-17.03%
35.3
32.0
-9.35%
28.3
114.0
302.83%
$347,979
$355,172
2.07%
$201,683
$221,465
9.81%
$160,000
$149,500
-6.56%
Average Sold Price
$361,795
$363,284
0.41%
$210,003
$229,775
9.42%
$163,000
$156,466
-4.18%
Average Original Price
96.2%
97.8%
1.66%
96.0%
96.4%
0.42%
98.0%
95.5%
-2.55%
Average Sold vs. List Price
$875,000
$1,000,000
14.29%
$290,000
$300,000
3.45%
$215,000
$164,000
-23.72%
Highest Priced Home
$132,200
$157,000
18.76%
$110,000
$140,000
27.27%
$120,000
$125,000
4.17%
Lowest Priced Home
Number of Units Sold Average Days on Market
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
98
Hyattsville Prince George’s County 4545 Longfellow St | MLS# 1002513352
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
278
227
-18.35%
85
82
-3.53%
45
38
-15.56%
Average Days on Market
38.3
31.1
-18.80%
38.2
29.9
-21.73%
32.1
35.7
11.21%
Average Sold Price
$332,159
$351,400
5.79%
$324,713
$334,337
2.96%
$135,090
$139,077
2.95%
Average Original Price
$342,944
$357,767
4.32%
$328,862
$337,938
2.76%
$136,286
$145,033
6.42%
96.9%
98.2%
1.34%
98.7%
98.9%
0.20%
99.1%
95.9%
-3.23%
Highest Priced Home
$790,000
$924,000
16.96%
$516,800
$650,000
25.77%
$255,000
$373,000
46.27%
Lowest Priced Home
$122,000
$164,900
35.16%
$71,000
$161,100
126.90%
$46,000
$50,000
8.70%
Average Sold vs. List Price
99
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Laurel Prince George’s County 13601 Belle Chase Blvd #315 | MLS# 1000107162
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
143
172
20.28%
133
142
6.77%
50
47
-6.00%
Number of Units Sold
38.8
38.0
-2.06%
26.5
27.7
4.53%
29.4
20.7
-29.59%
Average Days on Market
$369,989
$387,370
4.70%
$254,729
$282,428
10.87%
$164,316
$176,216
7.24%
Average Sold Price
$378,994
$395,204
4.28%
$257,269
$287,046
11.57%
$167,346
$180,691
7.97%
Average Original Price
97.6%
98.0%
0.41%
99.0%
98.4%
-0.61%
98.2%
97.5%
-0.71%
Average Sold vs. List Price
$625,000
$700,100
12.02%
$496,000
$478,000
-3.63%
$305,000
$300,000
-1.64%
Highest Priced Home
$142,000
$155,500
9.51%
$90,100
$125,000
38.73%
$82,500
$87,500
6.06%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
100
Oxon Hill & National Harbor Prince George’s County 157 Fleet St #611 | MLS# 1000037645
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
72
75
4.17%
47
45
-4.26%
29
52
79.31%
37.4
39.2
4.81%
42.7
41.4
-3.04%
44.3
42.9
-3.16%
Average Sold Price
$273,668
$295,609
8.02%
$307,322
$382,304
24.40%
$280,368
$218,748
-21.98%
Average Original Price
$275,537
$304,407
10.48%
$311,477
$387,596
24.44%
$284,016
$219,219
-22.81%
99.3%
97.1%
-2.22%
98.7%
98.6%
-0.10%
98.7%
99.8%
1.11%
Highest Priced Home
$835,000
$419,900
-49.71%
$707,490
$772,900
9.25%
$651,900
$650,000
-0.29%
Lowest Priced Home
$120,750
$140,000
15.94%
$120,000
$140,000
16.67%
$44,000
$50,000
13.64%
Number of Units Sold Average Days on Market
Average Sold vs. List Price
101
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
Upper Marlboro Prince George’s County 13031 Boykin Pl | MLS# MDPG525420
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
457
534
16.85%
391
374
-4.35%
50
38
-24.00%
Number of Units Sold
56.0
57.5
2.68%
33.3
32.0
-3.90%
28.1
25.6
-8.90%
Average Days on Market
$405,614
$432,255
6.57%
$317,189
$327,806
3.35%
$138,606
$141,089
1.79%
Average Sold Price
$416,452
$441,288
5.96%
$321,617
$331,431
3.05%
$143,168
$146,069
2.03%
Average Original Price
97.4%
98.0%
0.62%
98.6%
98.9%
0.30%
96.8%
96.6%
-0.21%
Average Sold vs. List Price
$975,000
$1,180,000
21.03%
$510,000
$570,339
11.83%
$359,080
$260,000
-27.59%
Highest Priced Home
$138,000
$113,000
-18.12%
$96,000
$66,000
-31.25%
$48,000
$55,000
14.58%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
102
DAVID HOWELL
Washington, D.C. One of these things is not like the other. The real estate market in Washington, D.C. bore little resemblance to the region’s suburban markets in most key indicators. Unit sales were almost unchanged – down just 0.7% and the average number of days homes were on the market before going under contract was also virtually unchanged – less than one day shorter. In our suburban markets, the average days on the market vary widely from neighborhood, but in D.C. the range was very tight. All but two communities had average days on the market in the 30s – one was 27 days (Logan/Shaw) and one was 43 days (Georgetown/Kalorama/Cleveland Park). Homes also sold, on average, for 97.6% of the original list price in the second half of the 2019 and 97.4% in the second half of 2018. That stability is a good thing for D.C., because it has had the strongest, most balanced market in the metro area for years. The average sales price in The District was up almost 5%, climbing to $721,500 – by far the highest in the region. Two neighborhoods had average sales prices in excess of $1,000,000. Homes in Georgetown/Kalorama/Cleveland Park sold for an average of almost $1,125,000 while homes in AU Park/Spring Valley sold for $1,088,000. And while every suburban jurisdiction has seen a drop in inventory ranging from 8% to 60% (!), the number of homes on the market in D.C. has actually been rising slowly. Average monthend inventory over the last 14 months is 15% higher than it was in the previous 58 months – and that’s a good thing. Inventory has been incredibly tight relative to demand for a long time, and the rising inventory should help ease the significant upward pressure on home prices. And, while many of the suburbs have seen a drop in contract activity, D.C.’s has trended up almost 3% since the Amazon HQ2 announcement which had a game-changing impact in the Virginia suburbs. Washington, D.C. is well-positioned to maintain its top spot in the area’s real estate market. Active Inventory vs. Contract Activity (2014 - 2019) 1,800 1,600 1,400 1,200 1,000 800 600 400 Amazon HQ2 Announcement 200 0 J
14 M
M
J
S
N
J
15 M
Washington, DC Actives
M
J
S
N
J
16 M
M
Washington, DC Contracts
J
S
N
J
17 M
M
J
S
N
J
18 M
Linear (Washington, DC Actives)
M
J
S
N
J
19 M
M
J
S
N
Linear (Washington, DC Contracts)
Washington, D.C.
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
4,518
4,486
-0.71%
36.5
35.6
-2.47%
$689,684
$721,561
4.62%
$708,068
$739,108
4.38%
97.4%
97.6%
0.21%
20001
358
319
-10.89%
30.2
27.3
-9.60%
$708,839
$755,510
6.58%
$720,232
$774,756
7.57%
98.4%
97.5%
-0.91%
20002 & 20003
760
731
-3.82%
29.1
31.6
8.59%
$725,107
$756,761
4.37%
$737,681
$767,560
4.05%
98.3%
98.6%
0.31%
1,021
1,004
-1.67%
35.3
32.9
-6.80%
$672,932
$689,828
2.51%
$687,495
$704,293
2.44%
97.9%
97.9%
0.00%
20007 & 20008
463
464
0.22%
52.5
43.1
-17.90%
$1,096,183
$1,123,125
2.46%
$1,148,440
$1,163,694
1.33%
95.4%
96.5%
1.15%
20011 & 20012
519
552
6.36%
33.6
40.6
20.83%
$628,814
$648,524
3.13%
$644,462
$668,357
3.71%
97.6%
97.0%
-0.61%
20015 & 20016
351
375
6.84%
43.0
37.3
-13.26%
$1,026,327
$1,088,147
6.02%
$1,062,894
$1,111,183
4.54%
96.6%
97.9%
1.35%
20017 & 20018
252
342
35.71%
39.9
36.8
-7.77%
$556,703
$580,654
4.30%
$569,461
$596,863
4.81%
97.8%
97.3%
-0.51%
20019, 20020 & 20032
636
567
-10.85%
36.1
36.7
1.66%
$321,014
$348,488
8.56%
$327,171
$356,264
8.89%
98.1%
97.8%
-0.31%
20024
116
104
-10.34%
34.7
35.3
1.73%
$529,352
$498,135
-5.90%
$539,471
$510,535
-5.36%
98.1%
97.6%
-0.51%
WASHINGTON, D.C.
20005, 20006, 20009, 20010, 20036 & 20037
NUMBER OF UNITS SOLD
AVERAGE DAYS ON MARKET
AVERAGE SOLD PRICE
AVERAGE ORIGINAL PRICE
AVERAGE SOLD VS. LIST PRICE
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Detached Homes
675
709
5.04%
45.3
42.5
-6.18%
$1,043,907
$1,039,734
-0.40%
$1,093,506
$1,072,196
-1.95%
95.5%
97.0%
1.57%
Attached Homes
1,680
1,650
-1.79%
30.8
33.0
7.14%
$755,400
$808,998
7.10%
$769,786
$828,315
7.60%
98.1%
97.7%
-0.41%
Condominiums
2,163
2,127
-1.66%
38.2
35.3
-7.59%
$528,102
$547,674
3.71%
$539,849
$558,877
3.52%
97.8%
98.0%
0.20%
Market Share by Type - 2H2019 Detached
Attached
Condominiums
Market Share by Price - 2H2019 $0-$299K $750K-$999K
288
15.80%
47.41%
$300K-$499K $1M-$1.49M
$500K-$749K $1.5M+
449
492
767
1,274
36.78% 1,216
1545 18th St NW #105 | MLS# DCDC447482
20001 Logan, Penn Quarter, Shaw 301 Massachusetts Ave NW #205 | MLS# DCDC436412
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
3
1
-66.67%
105
113
7.62%
250
205
-18.00%
20.0
97.0
385.00%
32.6
27.7
-15.03%
29.4
26.6
-9.52%
Average Sold Price
$661,667
$2,300,000
247.61%
$890,109
$982,280
10.36%
$633,272
$622,976
-1.63%
Average Original Price
$646,633
$2,475,000
282.75%
$908,677
$1,020,491
12.31%
$641,969
$631,008
-1.71%
102.3%
92.9%
-9.19%
98.0%
96.3%
-1.73%
98.6%
98.7%
0.10%
Highest Priced Home
$790,000
$2,300,000
191.14%
$2,300,000
$2,295,000
-0.22%
$2,550,000
$1,690,000
-33.73%
Lowest Priced Home
$595,000
$2,300,000
286.55%
$445,000
$425,000
-4.49%
$205,000
$269,000
31.22%
Number of Units Sold Average Days on Market
Average Sold vs. List Price
107
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
20002 & 20003 Brookland, Capitol Hill, Eckington, Navy Yard 1225 I St NE | MLS# DCDC440608
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
14
9
-35.71%
450
435
-3.33%
296
287
-3.04%
Number of Units Sold
38.3
43.2
12.79%
25.1
29.4
17.13%
34.8
34.5
-0.86%
Average Days on Market
$1,024,429
$764,100
-25.41%
$856,824
$880,483
2.76%
$510,704
$569,008
11.42%
Average Sold Price
$1,100,028
$795,767
-27.66%
$866,976
$892,404
2.93%
$523,980
$577,451
10.20%
Average Original Price
93.1%
96.0%
3.11%
98.8%
98.7%
-0.10%
97.5%
98.5%
1.03%
Average Sold vs. List Price
$1,700,000
$1,150,000
-32.35%
$2,610,000
$3,399,000
30.23%
$2,300,000
$1,800,000
-21.74%
Highest Priced Home
$463,500
$515,000
11.11%
$200,000
$317,625
58.81%
$215,000
$175,000
-18.60%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
108
20005, 20006, 20009, 20010, 20036 & 20037 Adams Morgan, Dupont, Columbia Heights 1401 Church St NW #411 | MLS# DCDC441054
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
3
3
0.00%
176
174
-1.14%
842
827
-1.78%
5.0
19.7
294.00%
30.4
29.1
-4.28%
36.4
33.7
-7.42%
Average Sold Price
$1,220,000
$1,034,000
-15.25%
$1,134,224
$1,107,300
-2.37%
$574,560
$600,744
4.56%
Average Original Price
$1,228,333
$1,074,667
-12.51%
$1,166,978
$1,131,915
-3.00%
$585,344
$612,978
4.72%
99.3%
96.2%
-3.12%
97.2%
97.8%
0.62%
98.2%
98.0%
-0.20%
Highest Priced Home
$1,650,000
$1,500,000
-9.09%
$3,100,000
$3,275,000
5.65%
$4,445,000
$2,800,000
-37.01%
Lowest Priced Home
$850,000
$700,000
-17.65%
$475,000
$470,000
-1.05%
$117,000
$159,000
35.90%
Number of Units Sold Average Days on Market
Average Sold vs. List Price
109
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
20007 & 20008 Georgetown, Kalorama, North Cleveland Park, Forest Hills 3254 Jones Ct NW | MLS# DCDC422990
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
90
78
-13.33%
142
137
-3.52%
231
249
7.79%
89.4
43.5
-51.34%
39.9
47.0
17.79%
46.0
40.9
-11.09%
Average Days on Market
$2,051,863
$2,132,106
3.91%
$1,326,620
$1,553,832
17.13%
$582,186
$570,084
-2.08%
Average Sold Price
$2,216,093
$2,196,505
-0.88%
$1,357,478
$1,618,718
19.24%
$603,972
$589,809
-2.34%
Average Original Price
92.6%
97.1%
4.86%
97.7%
96.0%
-1.74%
96.4%
96.7%
0.31%
Average Sold vs. List Price
$6,731,709
$9,115,000
35.40%
$4,600,000
$5,250,000
14.13%
$8,200,000
$6,500,000
-20.73%
Highest Priced Home
$890,000
$869,000
-2.36%
$645,000
$650,000
0.78%
$169,0000
$169,000
0.00%
Lowest Priced Home
Number of Units Sold
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
110
20011 & 20012 Brightwood, Sheridan, Friendship Heights 4008 Marlboro Pl NW | MLS# DCDC434724
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
Number of Units Sold
137
125
-8.76%
271
281
3.69%
111
146
31.53%
Average Days on Market
34.5
41.0
18.84%
34.0
37.6
10.59%
31.5
45.9
45.71%
Average Sold Price
$806,966
$854,763
5.92%
$623,198
$673,052
8.00%
$422,644
$424,742
0.50%
Average Original Price
$830,360
$889,967
7.18%
$638,272
$692,357
8.47%
$430,132
$432,433
0.53%
97.2%
96.0%
-1.23%
97.6%
97.2%
-0.41%
98.3%
98.2%
-0.10%
Highest Priced Home
$1,837,500
$1,720,000
-6.39%
$1,110,000
$1,850,000
66.67%
$930,000
$840,000
-9.68%
Lowest Priced Home
$175,000
$440,000
151.43%
$287,000
$349,547
21.79%
$150,000
$145,000
-3.33%
Average Sold vs. List Price
111
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
20015 & 20016 AU Park, Chevy Chase, Cleveland Park, Spring Valley 5315 Connecticut Ave NW #606 | MLS# DCDC430724
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
185
202
9.19%
30
39
30.00%
136
134
-1.47%
Number of Units Sold
36.7
34.4
-6.27%
37.5
26.1
-30.40%
52.9
44.9
-15.12%
Average Days on Market
$1,456,607
$1,488,999
2.22%
$1,040,777
$1,056,831
1.54%
$437,831
$492,992
12.60%
Average Sold Price
$1,511,488
$1,524,434
0.86%
$1,057,957
$1,062,136
0.40%
$453,764
$502,497
10.74%
Average Original Price
96.4%
97.7%
1.35%
98.4%
99.5%
1.12%
96.5%
98.1%
1.66%
Average Sold vs. List Price
$16,500,000
$7,750,000
-53.03%
$2,460,000
$1,950,000
-20.73%
$1,515,000
$1,850,000
22.11%
Highest Priced Home
$736,000
$710,000
-3.53%
$725,000
$655,000
-9.66%
$145,000
$191,000
31.72%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
112
20017 & 20018 Brookland & Langdon 4351 16th St NE | MLS# DCDC431252
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
97
127
30.93%
116
137
18.10%
39
78
100.00%
43.1
41.7
-3.25%
41.0
39.3
-4.15%
28.7
24.6
-14.29%
Average Sold Price
$625,253
$657,515
5.16%
$564,337
$581,8663
3.11%
$363,496
$453,383
24.73%
Average Original Price
$643,545
$680,498
5.74%
$575,969
$597,450
3.73%
$365,844
$459,658
25.64%
97.2%
96.6%
-0.62%
98.0%
97.4%
-0.61%
99.4%
98.6%
-0.80%
Highest Priced Home
$1,050,000
$1,181,221
12.50%
$920,000
$1,050,000
14.13%
$739,900
$775,000
4.74%
Lowest Priced Home
$302,260
$300,000
-0.75%
$300,000
$227,687
-24.10%
$185,000
$160,000
-13.51%
Number of Units Sold Average Days on Market
Average Sold vs. List Price
113
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
20019, 20020 & 20032 Anacostia, Bening & Congress Heights 1005 Congress St SE | MLS# DCDC440368
DETACHED HOMES
ATTACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
145
164
13.10%
382
324
-15.18%
109
79
-27.52%
Number of Units Sold
42.5
53.7
26.35%
28.1
30.1
7.12%
55.7
28.6
-48.65%
Average Days on Market
$406,280
$411,345
1.25%
$335,782
$359,871
7.17%
$155,831
$171,316
9.94%
Average Sold Price
$423,339
$429,230
1.39%
$338,943
$364,020
7.40%
$157,982
$172,977
9.49%
Average Original Price
96.0%
95.8%
-0.21%
99.1%
98.9%
-0.20%
98.6%
99.00%
0.41%
Average Sold vs. List Price
$810,000
$810,000
0.00%
$660,000
$567,000
-14.09%
$530,000
$538,000
1.51%
Highest Priced Home
$109,000
$102,219
-6.22%
$80,000
$120,000
50.00%
$5,000
$30,000
500.00%
Lowest Priced Home
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
114
20024 Southwest & SW Waterfront 350 G St NW #N201 | MLS# 1002027640
DETACHED HOMES
CONDOMINIUMS
2H18
2H19
%CHG
2H18
2H19
%CHG
2H18
2H19
%CHG
1
0
-100.00%
8
10
25.00%
107
94
-12.15%
38.0
---
---
24.0
26.5
10.42%
35.4
36.2
2.26%
Average Sold Price
$396,000
---
---
$1,024,250
$863,690
-15.68%
$493,596
$459,246
-6.96%
Average Original Price
$450,000
---
---
$1,067,588
$872,234
-18.30%
$500,821
$472,056
-5.74%
88.0%
---
---
95.9%
99.0%
3.23%
98.6%
97.3%
-1.32%
Highest Priced Home
$396,000
---
---
$920,000
$1,050,000
14.13%
$739,900
$775,000
4.74%
Lowest Priced Home
$396,000
---
---
$300,000
$227,687
-24.10%
$185,000
$160,000
-13.51%
Number of Units Sold Average Days on Market
Average Sold vs. List Price
115
ATTACHED HOMES
MCENEARNEY ASSOCIATES 2019 SECOND HALF MARKET REPORT
1379 Sheridan St NW | MLS# DCDC439234
Luxury Listings Showcase
1126 BASIL RD McLean, VA 22101 7 Bedrooms | 7 Full & 3 Half Baths
209 S LEE ST Alexandria, VA 22314 5 Bedrooms | 3 Full & 1 Half Baths
14416 LOYALTY RD Leesburg, VA 20176 5 Bedrooms | 8 Full & 3 Half Baths
$6,500,000 MLS# VAFX1103076
$4,300,000 MLS# VAAX239506
$3,424,000 MLS# VALO387402
217 S FAIRFAX ST Alexandria, VA 22314 6 Bedrooms | 6 Full & 1 Half Baths
1215 MOTTROM DR McLean, VA 22101 5 Bedrooms | 6 Full & 2 Half Baths
1410 KURTZ RD McLean, VA 22101 5 Bedrooms | 6 Full & 2 Half Baths
$5,200,000 MLS# VAAX233488
$4,295,000 MLS# VAFX744168
$3,100,000 MLS# VAFX749160
Luxury Listings Showcase
1101 FINLEY LN Alexandria, VA 22304 5 Bedrooms | 6 Full & 2 Half Baths
638 E CAPITOL ST NE Washington, D.C. 20003 6 Bedrooms | 3 Full & 2 Half Baths
1479 WAGGAMAN CIR McLean, VA 22101 5 Bedrooms | 5 Full & 2 Half Baths
$2,950,000 MLS# VAAX239992
$2,750,000 MLS# DCDC403272
$2,675,000 MLS# VAFX100271
9208 HARRINGTON DR Potomac, MD 20854 6 Bedrooms | 6 Full & 1 Half Baths
1544 FOREST VILLA LN McLean, VA 22101 5 Bedrooms | 5 Full & 3 Half Baths
211 PRINCE ST Alexandria, VA 22314 4 Bedrooms | 4 Full & 1 Half Baths
$2,895,000 MLS# MDMC671198
$2,695,000 MLS# VAFX1096350
$2,579,000 MLS# VAAX242658
Luxury Listings Showcase
3411 WOODROW ST Arlington, VA 22207 6 Bedrooms | 6 Full & 2 Half Baths
2211 WINDSOR RD Alexandria, VA 22307 6 Bedrooms | 5 Full & 1 Half Baths
3116 N NELSON ST Arlington, VA 22207 7 Bedrooms | 6 Full & 1 Half Baths
$2,499,900 MLS# VAAR158444
$2,495,000 MLS# VAFX1101204
$2,399,000 MLS# VAAR154160
7080 OREGON AVE NW Washington, D.C. 20015 6 Bedrooms | 6 Full & 1 Half Baths
317 S SAINT ASAPH ST Alexandria, VA 22314 5 Bedrooms | 3 Full & 1 Half Baths
3206 ROLLING RD Chevy Chase, MD 20815 5 Bedrooms | 5 Full & 1 Half Baths
$2,495,000 MLS# DCDC440316
$2,475,000 MLS# VAAX226672
$2,395,000 MLS# MDMC679382
Luxury Listings Showcase
38780 CHELTEN LN Middleburg, VA 20117 4 Bedrooms | 4 Full & 4 Half Baths
19729 RIDGESIDE RD Bluemont, VA 20135 10 Bedrooms | 8 Full & 2 Half Baths
3601 VAN NESS ST NW Washington, D.C. 20008 5 Bedrooms | 4 Full & 1 Half Baths
$2,350,000 MLS# VALO385602
$2,250,000 MLS# VALO384618
$1,995,000 MLS# DCDC442776
3304 CUMMINGS LN Chevy Chase, MD 20815 5 Bedrooms | 4 Full & 1 Half Baths
511 S LEE ST Alexandria, VA 22314 5 Bedrooms | 3 Full & 2 Half Baths
3465 N EMERSON ST Arlington, VA 22207 6 Bedrooms | 5 Full & 1 Half Baths
$2,295,000 MLS# MDMC677318
$2,195,000 MLS# VAAX242788
$1,995,000 MLS# VAAR157824
Luxury Listings Showcase
3939 N WAKEFIELD ST Arlington, VA 22207 5 Bedrooms | 4 Full & 1 Half Baths
214 S LEE ST Alexandria, VA 22314 3 Bedrooms | 3 Full & 2 Half Baths
401 S UNION ST Alexandria, VA 22314 4 Bedrooms | 3 Full & 1 Half Baths
$1,869,000
201 N QUAKER LN
$1,800,000
MLS# VAAR157110
Alexandria, VA 22304 3 Bedrooms | 3 Full Baths
MLS# VAAX241762
$1,675,000 MLS# VAAX242736
$1,649,999 MLS# VAAX242932
1007 VASSAR RD Alexandria, VA 22314 5 Bedrooms | 3 Full & 2 Half Baths
8609 BROOK RD McLean, VA 22102 5 Bedrooms | 6 Full & 1 Half Baths
$1,650,000 MLS# VAAX242756
$1,649,000 MLS# VAFX1052016
Luxury Listings Showcase
4217 PEACHTREE PL Alexandria, VA 22304 6 Bedrooms | 6 Full & 2 Half Baths
34 WOLFE ST Alexandria, VA 22314 2 Bedrooms | 2 Full & 2 Half Baths
6502 DIVINE ST McLean, VA 22101 5 Bedrooms | 5 Full & 1 Half Baths
$1,500,000 MLS# VAAX241360
$1,495,000 MLS# VAAX242646
$1,399,900 MLS# VAFX1102112
5612 5TH ST N Arlington, VA 22205 5 Bedrooms | 4 Full & 1 Half Baths
7307 LINGANORE CT McLean, VA 22102 5 Bedrooms | 5 Full & 1 Half Baths
624 S SAINT ASAPH ST Alexandria, VA 22314 3 Bedrooms | 2 Full & 1 Half Baths
$1,499,900 MLS# VAAR155218
$1,487,000 MLS# VAFX1054316
$1,395,000 MLS# VAAX242654
Luxury Listings Showcase
4474 SALEM LN NW Washington, D.C. 20007 4 Bedroom | 3 Full & 1 Half Baths
8403 BLACK STALLION PL Vienna, VA 22182 5 Bedrooms | 3 Full & 1 Half Baths
3108 ARGENT PATH Ellicott City, MD 21042 5 Bedroom | 4 Full & 1 Half Baths
$1,350,000
916 G ST NW #1004
MLS# DCDC456720
Washington, D.C. 20001 2 Bedrooms | 2 Full Baths
$1,250,000
1013 PRINCESS ST
MLS# VAFX1107110
$1,025,000 MLS# MDHW274632
Alexandria, VA 22314 1 Bedrooms | 1 Full & 1 Half Baths
919 DUKE ST Alexandria, VA 22314 3 Bedrooms | 2 Full & 1 Half Baths
$1,278,800 MLS# DCDC453666
$1,044,000 MLS# VAAX241106
$1,000,000 MLS# VAAX242358
LEADING REAL ESTATE COMPANIES OF THE WORLD ®
$32 billion more U.S. home sales volume in 2018 than our closet competitor among the top 500 firms
$254
$222
$192 $182
Non-LeadingRE Independents
As an affiliate of the prestigious Leading Real Estate Companies of the World® network, McEnearney Associates is proud that our organization helped produce the most home sales by volume in 2018 compared to any national network or franchise. $32 billion more U.S. home sales volume than our closest competitor. With connections to more than 130,000 sales associates in 565 member firms in over 70 countries, our connections make us more than a local company, we’re global too.
$83
$12 $7
Exit Realty
$14
Realty Executives
$14
Better Homes & Gardens
ERA
Century 21
$30
HomeSmart
$72
Sotheby’s International Realty
Berkshire Hathaway Home Services
$89
RE/MAX
Coldwell Banker
Keller Williams
Leading Real Estate Companies of the World®
We’re Local. We’re Global.
$5
Volume shown in billions of dollars. This bar chart is sourced from REAL Trends Top 500 for 2018, realtrends.com
MCENEARNEY ASSOCIATES
Leadership Management Team Maureen McEnearney Dunn
David Howell
President mdunn@mcenearney.com tel. 703.790.9090
Chief Information Officer Executive Vice President & Principal Broker, D.C. & MD dhowell@mcenearney.com tel. 703.738.9513
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, D.C. & 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 Vice President, Director, Relocation tmccullough@mcenearney.com tel. 703.537.3342
Mike McEnearney Executive Vice President, Director, Property Management mmcenearney@mcenearney.com tel.703.537.3330
Glossary
Front Cover 209 S Lee St | MLS# VAAX239506
|
$4,300,000
Active Listings The number of listings for sale which are currently being marketed yet do not yet have a purchase agreement. Days on Market The number of days a settled home was on the market before it received a ratified contract. Average Sales Price The average price for which a property sold. Number of Units Sold The number of properties that have closed. 2H18 Second half of 2018 2H19 Second half of 2019 Average Original List Price vs. Sold Price Ratio The percentage of the original list price - before reductions - that the buyer ultimately paid for the property.
Total Volume of Sales Prices Original List Price to Sales Price Ratio = Total Volume of Original List Prices
Copyright 2020 - McEnearney Associates, Inc. REALTORS. Source: Bright™ MLS. Data deemed reliable, but not guaranteed. Equal Housing Opportunity
14th Street Office 1803 14th Street, NW, Washington, D.C. 20009 202.903.2200 | 866.792.8975
Alexandria Office 109 S. Pitt Street, Alexandria, VA 22314 703.549.9292 | 800.549.9299
Arlington Office 4720 Lee Highway, Arlington, VA 22207 703.525.1900 | 800.826.1612
Kensington Office 3804 Howard Avenue, Kensington, MD 20895 301.979.7270 | 866.762.8975
Leesburg Office 107 N. King Street, Leesburg, VA 20176 703.738.8282 | 800.548.9080
McLean Office 1320 Old Chain Bridge Road, Suite 350, McLean, VA 22101 703.790.9090 | 800.548.9080
Middleburg Office 7 W. Washington Street, Middleburg, VA 20118 540.687.5490 | 800.548.9080
Spring Valley Office 4315 50th Street, NW, Washington, D.C. 20016 202.552.5600 | 866.762.8975
Vienna Office 374 Maple Avenue, E, #202, Vienna, VA 22180 703.839.8200 | 800.548.9080
www.McEnearney.com