Sun Gazette Fairfax, July 27, 2017

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Q&A WITH NEW HEAD OF TYSONS PARTNERSHIP

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VIENNA TEAM WINS CROWN

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Sun Gazette VOLUME 38

GREAT FALLS McLEAN OAKTON TYSONS VIENNA

NO. 45

JULY 27-AUG. 2, 2017

Fairfax Homes Market Has Productive First Half

June Data for County Show More, and Speedier, Sales Than Year Before CHESTERBROOK TOPS RIVAL OVERLEE FOR NVSL CROWN

Chesterbrook’s Brooke Buursink swims hard during the girls 8-under breaststroke race on Saturday, July 22 when the visiting Tiger Sharks defeated Arlington’s Overlee Flying Fish, 232-188, in a Division 1 showdown for first place in the Northern Virginia Swimming League. Chesterbrook (5-0) won the championship for the second year in a row, while Overlee, the 2015 champion, was second for the second straight year with a 4-1 record. See full coverage in Sports and a slideshow at www.insidenova.com/news/fairfax. PHOTO BY DEB KOLT

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Year-over-year home sales remained in positive territory while prices in the single-family and townhouse segments of the market flattened out in June, according to new figures, and inventory remains an issue as the market begins a gradual descent toward the autumn months. A total of 1,963 properties across Fairfax County went to closing in June, up 6.1 percent from the 1,851 transactions a year before, according to figures reported July 11 by RealEstate Business Intelligence. The median sales price for all properties that sold during the month was $583,620, down 0.6 percent. But the decline was due primarily to a larger number of attached homes in the overall mix, as all three segments of the market showed increases: • The average price of single-family homes rose 1 percent to $749,472. • The average price of attached homes, such as townhouses and rowhouses, was up 0.8 percent to $391,706. • The average price of condominiums rose 5.3 percent to $298,463. Add up all the sales, and the total volume of $1.15 billion for the month was up 5.4 percent from a year before. A total of 146 properties changed hands countywide for more than $1 million, including five above $2.5 million and one over $5 million. Homes that went to closing during the month spent an average of 32 days between listing and ratified sales contract, a improvement from the 39 days required a year before, and garnered 98.2 percent of listing price, up from 97.6 percent. The method of transacting the sales


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