Herndon Virginia Real Estate Sales Market Report for October 2009

MyFairfaxCountyRealEstate.com

 October 2009 Herndon Real Estate Sales Market Report

Summary:

In October, Herndon had the highest % of distressed properties in Fairfax County. Sale prices are coming in very close to asking prices and sometimes over.  Days on the market is skewed some because of the short sales.  Some of these short sales that closed had been on the market for 100+ days.

Contact us if you are thinking about buying or selling in Herndon

Single Family Homes Herndon

• Sold Herndon Homes in October 2009: 32 homes
• Average Sold Price: $461,740
• Median Sold Price: $480,000
• Homes sold for about: 97.8% of asking price
• Average Days on Market: 27 days 

Out of the 32 Herndon home sales in October - 9 (28%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Herndon

• Sold Herndon Townhomes in October 2009: 27 homes
• Average Sold Price: $244,666
• Median Sold Price: $200,000
• Homes sold for about 99.5% of asking price
• Average Days on Market: 29 days

Out of the 27 Herndon townhomes that sold in October - 18 (67%) were distressed (foreclosure, bank owned, short sale).

Condos in Herndon

• Sold Herndon Condos in October 2009: 13 homes
• Average Sold Price: $183,884
• Median Sold Price: $174,000
• Homes sold for about 99.5% of Asking price
• Average Days on Market: 54 days

Out of the 13 Herndon condos that sold in October - 8 (62%) were distressed (foreclosure, bank owned, short sale).


Herndon zip codes - 20170, 20171, 20172, 20192, 22095

  Email: natejohnson@kw.com

703-725-2929