Vienna/Dunn Loring, VA Market Report – 2/19/13

19 Feb
February 19, 2013

HOT, HOT, HOT! I of course am not referring to the weather but the local Vienna, VA real estate market. With the average sales price up 11.77%, the average days on market down almost 50%, inventory is almost non existent, and with loan rates still at an all time low, it makes for a perfect storm of multiple offers!

January 2013 Real Estate Market Statistics for 22180 Vienna, VA

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$14,665,150

+76.98%

+5.18%

Closed Sales

19

+58.33%

0%

Median Sold Price

$620,000

+4.64%

+7.83%

Avg Sold Price

$771,850

+11.77%

+5.18%

Avg Days on Market

76 days

-48.99%

+13.43%

Avg Sold to Orig List Ratio

95.33%

+3.54%

-1.34%

Vienna’s average sales price is about 772k which is not an inexpensive investment. However, it is money well spent when you consider all that Vienna has to offer, between schools, shopping, restaurants, and excellent access to 495, 66 and the future silver metro line, it’s no wonder everyone is scooping up the inventory.

Avery Hess has an office location right next door and an office full of professional agents that know this market better than anyone out there. Give us a call so we can help you get your little piece of Vienna.

Market data and commentary provided by Chris Brown, Manager of the Tysons Regional Office,  Avery-Hess, Realtors.

Search for homes in Vienna, Dunn Loring, and all of the DC Metro: www.averyhess.com

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