Northern Virginia real estate market report for May 2008.
June 2nd, 2008 by admin
NORTHERN VIRGINIA REAL ESTATE MARKET REPORT MAY 2004 - MAY 2008. MEMO: The statistics below is the reason it’s a good time to buy a home in Northern Virginia. Sellers who keep their prices high do not sell. Sellers who price to sell, DO.
We are still in a buyer’s market.
HISTORY OF SOLD PRICES AND NUMBERS OF PROPERTIES SOLD IN MAY 2004-2008, includes Single Family Homes in Northern Virginia, Town Homes in Northern Virginia and Condo Homes in Northern Virginia.
Closed sales May 2008 - 165 / Average SOLD price - $518,773
Closed sales May 2007 - 221 / Average SOLD price - $546,522
Closed sales May 2006 - 225 / Average SOLD price - $535,381
Closed sales May 2005 - 342 / Average SOLD price - $498,880
Closed sales May 2004 - 291 / Average SOLD price - $413,628
ARLINGTON COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 194 / Average SOLD price - $544,742
Closed sales May 2007 - 337 / Average SOLD price - $582,742
Closed sales May 2006 - 293 / Average SOLD price - $591,376
Closed sales May 2005 - 386 / Average SOLD price - $547,111
Closed sales May 2004 - 342 / Average SOLD price - $432,965
CULPEPER COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 52 / Average SOLD price - $291,578
Closed sales May 2007 - 43 / Average SOLD price - $561,935
Closed sales May 2006 - 71 / Average SOLD price - $372,035
Closed sales May 2005 - 108 / Average SOLD price - $333,736
Closed sales May 2004 - 75 / Average SOLD price - $292,659
FAIRFAX COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 1099 / Average SOLD price - $495,235
Closed sales May 2007 - 1331 / Average SOLD price - $561,935
Closed sales May 2006 - 1664 / Average SOLD price - $557,641
Closed sales May 2005 - 2526 / Average SOLD price - $538,015
Closed sales May 2004 - 2277 / Average SOLD price - $439,294
FAUQUIER COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 38 / Average SOLD price - $544,942
Closed sales May 2007 - 58 / Average SOLD price - $493,979
Closed sales May 2006 - 97 / Average SOLD price - $511,728
Closed sales May 2005 - 132 / Average SOLD price - $625,107
Closed sales May 2004 - 125 / Average SOLD price - $385,615
KING GEORGE COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 9 / Average SOLD price - $317,361
Closed sales May 2007 - 35 / Average SOLD price - $307,170
Closed sales May 2006 - 33 / Average SOLD price - $348,226
Closed sales May 2005 - 35 / Average SOLD price - $302,993
Closed sales May 2004 - 23 / Average SOLD price - $252,770
LOUDOUN COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 424 / Average SOLD price - $407,644
Closed sales May 2007 - 501 / Average SOLD price - $534,194
Closed sales May 2006 - 536 / Average SOLD price - $561,051
Closed sales May 2005 - 892 / Average SOLD price - $517,556
Closed sales May 2004 - 793 / Average SOLD price - $419,424
PRINCE WILLIAM VIRGINIA HOMES SOLD
Closed sales May 2008 - 558 / Average SOLD price - $294,862
Closed sales May 2007 - 475 / Average SOLD price - $409,616
Closed sales May 2006 - 740 / Average SOLD price - $448,823
Closed sales May 2005 - 1186 / Average SOLD price - $416,493
Closed sales May 2004 - 966 / Average SOLD price - $322,723
SPOTSYLVANIA COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 91 / Average SOLD price - $307,211
Closed sales May 2007 - 161 / Average SOLD price - $349,610
Closed sales May 2006 - 240 / Average SOLD price - $338,647
Closed sales May 2005 - 309 / Average SOLD price - $322,543
Closed sales May 2004 - 269 / Average SOLD price - $249,278
STAFFORD COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 118 / Average SOLD price - $317,049
Closed sales May 2007 - 153 / Average SOLD price - $404,703
Closed sales May 2006 - 207 / Average SOLD price - $431,373
Closed sales May 2005 - 302 / Average SOLD price - $382,234
Closed sales May 2004 - 281 / Average SOLD price - $303,153
WESTMORLAND COUNTY VIRGINIA HOMES SOLD
Closed sales May 2008 - 14 / Average SOLD price - $236,854
Closed sales May 2007 - 19 / Average SOLD price - $307,068
Closed sales May 2006 - 25 / Average SOLD price - $272,819
Closed sales May 2005 - 28 / Average SOLD price - $252,403
Closed sales May 2004 - 22 / Average SOLD price - $185,938
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