Fairfax Virginia Real Estate Sales Market Report for November 2009

MyFairfaxCountyRealEstate.com

November 2009 Fairfax Real Estate Sales Market Report

*165 Active Homes

Summary
All numbers were down this month in Fairfax, less distressed properties and less homes sold.  Its that time of the year where housing numbers dip just slightly.  We will see how these numbers compare to December in a few weeks.  Its still a great time to buy and sell though.  (sell - if you have some equity built up)

Contact me if you are looking to buy or sell soon. We would be honored to work with you.

Single Family Homes Fairfax

• Sold Fairfax Homes in October 2009: 53 homes
• Average Sold Price: $558,420
• Median Sold Price: $499,000
• Homes sold for about: 97.5% of asking price
• Average Days on Market:  59 days 

Out of the 53 Fairfax home sales in October - 8 (9%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Fairfax

• Sold Fairfax Townhomes in October 2009: 47 homes
• Average Sold Price: $378.808
• Median Sold Price: $362,500
• Homes sold for about 99.1% of asking price
• Average Days on Market: 22 days

Out of the 47 Fairfax townhomes that sold in October - 12 (25%) were distressed (foreclosure, bank owned, short sale).

Condos in Fairfax

• Sold Fairfax Condos in October 2009: 33 homes
• Average Sold Price: $252,589
• Median Sold Price: $250,000
• Homes sold for about 98% of asking price
• Average Days on Market: 31 days

Out of the 33 Fairfax condos that sold in October - 11 (33%) were distressed (foreclosure, bank owned, short sale).


Fairfax zip codes - 22030, 22031, 22032, 22033, 22034, 22035, 22036, 22037, 22038

  Email: natejohnson@kw.com

703-725-2929