McEnearney Northern Virginia Market Report First Half 2018

M ARK E T RE PORT

NORTHERN VIRGINIA MCENEA RNEY A S S OCI ATES - FI RS T HA LF 2 0 1 8

table of contents

03 04 06 08 11 12 15 16 19 20 23 24 27 28 31 32

a message from maureen mcenearney dunn

2018 first half review

northern virginia summary

city of alexandria

arlington county

8279 Capitol View Dr | MLS# FX10271843 Front & Back Cover: 3207 Juniper Ln | MLS# FX10220440

falls church city

alexandria (fairfax county)

annandale

burke

centreville

chantilly

clifton, fairfax station

fairfax (including fairfax city)

falls church (fairfax county)

great falls

herndon, oak hill

35 36 39 40 43 44 46 47 48 49

lorton

mclean

reston

springfield

vienna, oakton

fairfax county

we’re local. we’re global.

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mcenearney leadership team

our office locations

a message from maureen mcenearney dunn McEnearney Associates has had the privilege of serving the Washington, DC metropolitan area since 1980. With almost four decades of success, we know what a special place this is to live and work!

We’re proud to be locally owned, locally operated and locally involved.

When John McEnearney founded our company, he had a clear objective: “To provide a quality of real estate services that is second to none. To earn the respect of our customers and clients and ultimately their recognition as the best.” While we have grown from a small office with 15 agents in Old Town Alexandria, Virginia to one with nine offices in Washington, Maryland and Virginia and over 370 wonderful Associates, our commitment to that objective has never wavered. We are honored every time a client chooses us to help them sell, buy or rent their home. Every transaction, regardless of price, is important to us – because it is important to you.

We hope you enjoy this Northern Virginia Market Report, and please let us know if we can ever help with any of your real estate needs.

Sincerely,

Maureen McEnearney Dunn President

Maureen McEnearney Dunn President McEnearney Associates REALTORS®, Inc. mdunn@mcenearney.com +1 703 738 9544

2018 first half review The real estate market in the first half of 2018 in Northern Virginia – encompassing Arlington and Fairfax Counties and the Cities of Alexandria, Fairfax and Falls Church - changed little from the first half of 2017, and that’s a good thing. We continue to have a strong market.

We’re far enough into the year to conclude that the impact of last year’s tax reform legislation has been negligible – the negative implications of the limit on the deductibility of state and local taxes has largely been offset by the increase in takehome pay for many wage-earners.

Many key market indicators look positive. Although the total number of sales was down a bit, the average sales price was up slightly and the average days on the market was down. Specifically, unit sales in Alexandria were up 3.2%, but down in the other three areas – down 4.0% in Arlington, 3.3% in Fairfax and 24.0% in Falls Church City. All four areas saw a drop in the average number of days on the market, with Falls Church City having the lowest number at just 31 days. And while the overall average sales price was up, two of the four areas had modest declines – Arlington average prices were down 1.7% and Falls Church City was down just 1.2%. Fairfax County was up 2.7% and Alexandria City was up 3.8%. All four areas had homes sell very close to their original list price, with Alexandria and Fairfax selling on average at 97.9%, Arlington at 98.4% and Falls Church City at a very solid 98.9%.

Mortgage interest rates jumped almost a half point in the first couple months of 2018 but have since stabilized. Rates have hovered around 4.6% for the last three months. While the increase in rates has hurt affordability, buyers have not been deterred and rates are still extremely low from a historical perspective.

The biggest challenge that contributed to the modest drop in sales volume was inventory. The overall number of available homes on the market was 15% - 20% below the levels seen in 2017, and the shortages were even more significant for homes priced less than $500,000. The lack of quality inventory made it pretty tough for firsttime homebuyers. So don‘t be misled by the drop in the number of sales - the fact that homes are selling more quickly and very close to list price means the market is still strong.

Overall supply of homes in Northern is under two months, and just under one-month for homes priced less than $500,000. We see little on the horizon that will cause any significant shift in the market for the balance of the year.

Each area has different market dynamics, so you’ll find an analysis of the performance of detached homes, attached homes and condos for the 18 communities that make this such a wonderful place to live. We hope you find this information useful, and we invite you to connect with any of our terrific McEnearney Associates for a deeper look!

David Howell Executive Vice President and CIO McEnearney Associates REALTORS®, Inc. dhowell@mcenearney.com +1 703 738 9513

northern virginia summary

# of Units Sold

Avg Days on Market

Average Sales Price

Avg Sales Price/ Org List Price

City of Alexandria

1H 2017 1H 2018 % CHANGE

1,367 1,411 3.22%

40.4 40.6 0.50%

$545,030 $565,962 3.84%

97.9% 97.9% 0.00%

Arlington County

1H 2017 1H 2018 % CHANGE

1,582 1,519 -3.98%

43.6 41.7 -4.36%

$666,156 $654,812 -1.70%

97.8% 98.4% 0.61%

Falls Church City

1H 2017 1H 2018 % CHANGE

121 92 -23.97%

36.5 31.0 -15.07%

$767,637 $758,552 -1.18%

99.0% 98.9% -0.10%

8279 Alvord St | MLS#FX10079376

# of Units Sold Alexandria

Avg Days on Market

Average Sales Price

Avg Sales Price/ Org List Price

1H 2017 1H 2018 % CHANGE

1,495 1,512 1.14%

39.1 35.6 -8.95%

$472,028 $495,303 4.93%

98.1% 98.3% 0.20%

Annandale

1H 2017 1H 2018 % CHANGE

355 369 3.94%

34.8 34.9 0.29%

$497,352 $522,648 5.09%

98.1% 98.5% 0.41%

Burke

1H 2017 1H 2018 % CHANGE

368 333 -9.51%

23.0 21.1 -8.26%

$499,720 $503,938 0.84%

99.4% 99.5% 0.10%

Centreville

1H 2017 1H 2018 % CHANGE

599 588 -1.84%

29.8 20.9 -29.87%

$426,102 $437,023 2.56%

98.0% 99.3% 1.33%

Chantilly

1H 2017 1H 2018 % CHANGE

133 126 -5.26%

24.9 23.3 -6.43%

$496,522 $510,089 2.73%

98.9% 100.2% 1.31%

Clifton, Fairfax Station

1H 2017 1H 2018 % CHANGE

258 251 -2.71%

54.9 48.1 -12.39%

$740,236 $760,925 2.79%

96.5% 97.9% 1.45%

1H 2017 1H 2018 % CHANGE

1,180 1,128 -4.41%

33.7 32.0 -5.04%

$525,847 $558,414 6.19%

98.3% 98.6% 0.31%

1H 2017 1H 2018 % CHANGE

647 654 1.08%

41.3 38.1 -7.75%

$535,725 $525,155 -1.97%

98.4% 98.8% 0.41%

Great Falls

1H 2017 1H 2018 % CHANGE

123 108 -12.20%

152.7 99.2 -35.04%

$1,243,247 $1,140.914 -8.23%

92.1% 94.3% 2.39%

Herndon, Oak Hill

1H 2017 1H 2018 % CHANGE

581 549 -5.51%

37.2 28.7 -22.85%

$540,925 $537,983 -0.54%

98.3% 98.8% 0.51%

Lorton

1H 2017 1H 2018 % CHANGE

257 256 -0.39%

54.9 32.8 -40.26%

$504,575 $483,273 -4.22%

97.3% 98.6% 1.34%

McLean

1H 2017 1H 2018 % CHANGE

500 460 -8.00%

95.3 70.5 -26.02%

$1,006,227 $1,192,824 18.54%

94.9% 93.9% -1.05%

Reston

1H 2017 1H 2018 % CHANGE

660 679 2.88%

44.2 37.8 -14.48%

$456,027 $473,487 3.83%

97.7% 98.0% 0.31%

Springfield

1H 2017 1H 2018 % CHANGE

758 694 -8.44%

27.1 24.1 -11.07%

$475,876 $488,913 2.74%

98.8% 99.4% 0.61%

Vienna, Oakton

1H 2017 1H 2018 % CHANGE

685 593 -13.43%

61.9 43.5 -29.73%

$797,355 $796,551 -0.10%

97.2% 97.8% 0.62%

Fairfax County

1H 2017 1H 2018 % CHANGE

8,401 8,124 -3.30%

43.7 35.6 -18.54%

$566,495 $581,712 2.69%

97.5% 97.9% 0.41%

(Fairfax County)

Fairfax (including Fairfax City) Falls Church (Fairfax County)

city of alexandria

Welcome to the city of Alexandria, a city that truly understands the slogan, “Virginia is for Lovers.” Once voted the most romantic city in the U.S., it’s a city where both the past and present come alive. Alexandria has something for everyone, whether you’re a historian tracing George Washington’s footsteps or crafting your own path down the cobblestones of historic Old Town or “The Avenue” in Del Ray to indulge in the booming culinary scene and local boutiques.

Lying approximately 7 miles just south of Washington, D.C., on the western side of the Potomac, Alexandria is perfect for those seeking to find a balance between urban and suburban lifestyles. There’s a vast array of unique neighborhoods, historic buildings, private and public schools, and local and government owned businesses.

For those outdoor enthusiasts, Alexandria has a distributed park system that includes 70 major parks and 30 recreation centers, of which Chinquapin is one of the largest, offering facilities for swimming, tennis, racquetball, and other sports. Looking for a jogging path or a place to ride your bike? Look no further that the Mount Vernon Trail! Running through Old Town near the Potomac River to Roosevelt Island in Washington, D.C., this trail is not only great for you, but also for our four-legged friends!

Is it a hot summer day and you are in need of some family fun? Take a trip to Cameron Run Regional Park where you will find a wave pool, waterslides, miniature golf and batting cages. Family or friends flying into town for the weekend? With Reagan National Airport only minutes away, have your guests take the Metro to the King Street Station where you can all ride the free Trolley down King Street to enjoy dinner and drinks on the waterfront!

If you are looking for a city that offers smalltown charm with big-city amenities, then look no further than the City of Alexandria. Welcome home.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

221

235

6.33%

DOM

33.2

47.6

43.37%

AVG SP

$854,093

$935,906

9.58%

SP/OLP

96.9%

97.2%

0.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

582

600

3.09%

DOM

39.0

32.9

-15.64%

AVG SP

$671,743

$671,755

0.00%

SP/OLP

98.3%

98.3%

0.00%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

564

576

2.13%

DOM

44.7

45.8

2.46%

AVG SP

$293,169

$304,829

3.98%

SP/OLP

98.0%

97.9%

-0.10%

Detached

Attached

Condo

2713 Mount Vernon Ave | SOLD

2 Swifts Alley | SOLD

118 S Fayette St | SOLD

9 Spring St W | SOLD

2414 Cameron Mills Rd | SOLD

131 N Edgewood St | SOLD 2309 N Lexington St | SOLD

1419 N Utah St | SOLD

arlington county

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

596

534

-10.40%

DOM

44.1

41.5

-5.90%

AVG SP

$993,141

$988,318

-0.49%

SP/OLP

97.7%

98.5%

0.82%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

329

239

-27.36%

DOM

23.8

22.9

-3.78%

AVG SP

$608,154

$614,865

1.10%

SP/OLP

99.0%

99.4%

0.40%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

657

746

13.55%

DOM

53.0

47.8

-9.81%

AVG SP

$398,575

$428,130

7.42%

SP/OLP

97.2%

97.9%

0.72%

Detached

Attached

Condo

Welcome, to Arlington County! Located directly across the Potomac River from Washington, D.C., Arlington boasts a rich history. Founded in 1801 as Alexandria County, Arlington was included in the original plans for the District of Columbia. In 1847, amidst growing unrest between northern and southern states, Alexandria County was ceded back to Virginia and Arlington County was formed. The county has played home to several prominent figures in American history. George Mason is known to have owned land here. Robert E. Lee also resided in Arlington County on land that is now part of Arlington National Cemetery.

Arlington is a charming locale shaped by Virginia hills and meandering streams. It is a seamless blend of urban and suburban development. In Arlington’s Metro corridor, one will find luxury high-rises, condominiums and townhomes.

These areas recede to more suburban neighborhoods, which feature single-family residences, townhomes and garden apartments.

From glens to dales, it is easy to lose yourself in the expansive environment of Arlington County.

falls church city

If you are looking for a city with a strong sense of community that you can call home, then look no further and welcome to the City of Falls Church!

Consisting of a unique environment that almost seamlessly blends rural and suburban lifestyle, it’s not hard to see why it is frequently named one of CNN’s Top 100 Places to live in the U.S. Take a walking tour of the city’s historic sites and explore the city’s 6 marked stops along the Civil War Trail. Not in the mood for a city tour? Then take advantage of one of the city’s 12 Parks offering amenities including picnic tables, grill equipment, playgrounds and lighted basketball, volleyball, and tennis courts. If it’s a night on the town you are looking for, head into Falls Church City for dinner on Broad Street and then make your way to the classic 1936 movie house, The State Theater, for a night of music and entertainment.

The City of Falls Church not only offers a wide variety of events and entertainment, it also offers it’s own highly rated school system. Of the now five schools serving under the city’s independent public school division, the Falls Church City Public Schools (FCCPS), there is one Preschool, two Elementary Schools, one Intermediate School and one High School. The Jessie Thackrey Preschool, serves children 2 to 5 years old and also offers special needs programs. The city’s two elementary schools, Mt. Daniel and Thomas Jefferson, have long been recognized as schools of excellence by the U.S. Department of Education and the Virginia Department of Education. For those students in grades 5-7, Mary Ellen Henderson Middle School, open in 2005 and recognized as a school of excellence, offers a progressive, enriching, and differentiated curriculum in an effort to help guide future academic and career goals. As Virginia’s first school to offer the challenging International Baccalaureate (IB) program, George Mason High School gives students the opportunity to earn college credit while still in high school.

The school’s reputation is widely known and consistently cited in national publications for above average state and national standardized test scores.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

67

42

-37.31%

37.4

55.0

47.06%

AVG SP

$974,236

$967,669

-0.67%

SP/OLP

99.2%

98.7%

-0.50%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

25

23

-8.00%

20.3

7.3

-64.04%

AVG SP

$615,708

$676,091

9.81%

SP/OLP

98.8%

100.3%

1.52%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

29

27

-6.90%

48.2

13.8

-71.37%

AVG SP

$421,293

$503,504

19.51%

SP/OLP

97.7%

98.0%

0.31%

Detached # OF UNITS

DOM

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

902 Lincoln Ave | SOLD

410 W Rosemary Ln | SOLD

410 E Jefferson St | SOLD

2414 Cameron Mills Rd | SOLD

1216 Warrington Pl | SOLD

6412 Wood Haven Rd | SOLD

6424 14th St | SOLD

3301 Woodland Ln | SOLD

1203 Belle Vista Dr | SOLD

alexandria (fairfax county)

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

665

722

8.57%

DOM

45.6

42.9

-5.92%

AVG SP

$601,702

$614,725

2.16%

SP/OLP

97.7%

97.8%

0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

746

538

-27.88%

DOM

29.3

20.9

-28.67%

AVG SP

$376,176

$446,717

18.75%

SP/OLP

98.9%

99.5%

0.61%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

84

252

200.00%

Detached

Attached

Condo # OF UNITS

DOM

73.7

45.8

-37.86%

AVG SP

$296,698

$256,876

-13.42%

SP/OLP

95.8%

97.8%

2.09%

The Fairfax County portions of Alexandria stretch south and west of Alexandria City and include quieter areas along the Potomac River as well as newer communities offering amenities to appeal to a more urban lifestyle.

Located just south of the Capital Beltway and the City of Alexandria, Huntington has seen significant residential and commercial development associated with the Huntington Metro stop. While much of the housing in the area was post-war duplexes, the opening of the Metro station has spurred significant construction of new condos, townhomes and detached homes.

Belle Haven, Fort Hunt, and Mount Vernon run along the George Washington Parkway south of Old Town. You can run, walk or ride your bike alongside the river on the Mount Vernon Trail.

If fishing is your interest, rent a boat at the local Belle Haven Marina or take advantage of Mount Vernon Recreation Center which offers an indoor ice rink, an Olympic size indoor pool, and a huge fitness center.

Hybla Valley is the area tucked between the George Washington Parkway to the east and I-95 to the west. This portion of the Route 1 Corridor still handles a lot of cars every day as a major commuting artery, but now has a more distinctly suburban feel than even 20 years ago.

Until the late 1980s, Kingstowne was largely undeveloped and was a bit of a rural island surrounded by rapidly growing areas of Fairfax County. That all changed with the launch of the Kingstowne planned community, and the last two decades have seen the emergence of a well thought-out area of apartments, condos, townhomes and detached homes with wonderful community amenities.

Located just south of the Capital Beltway and east of I-95, Franconia began its development as a suburban community in the 1950s. Most of the housing is either single-family detached homes or townhomes, with very few condos.

Commuter options include both Metro and Virginia Railway Express

annandale

Like the rest of Northern Virginia, Annandale is characterized by rolling hills, streams and red clay.

Annandale is bisected by Accotink Creek, which in Colonial times was a primary link for oceangoing ships carrying tobacco and other goods to the world abroad. The creek was dammed in the 1960s to create Lake Accotink, a water supply for the U.S. Army’s Fort Belvoir Proving Ground located downstream near Mt. Vernon.

While the proving ground has closed, Lake Accotink remains as a popular recreation area for fishing and boat rentals.

Annandale boasts nearly 30 public parks, many of which are maintained by the Fairfax County Park Authority. The Fairfax Cross County Trail (FCCT) provides uninterrupted hiking, biking, running and, weather permitting, cross-country skiing for 20 miles. A handful of public and private golf courses are just a short drive away.

Mature trees and wide streets typify this suburban, commuter city. Those with a globally minded appetite don’t need to look any further.

Annandale offers a diverse selection of food from around the world. Shopping opportunities abound; Annandale is centrally located to major regional malls, including Tysons Corner.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

229

237

3.49%

DOM

30.9

36.8

19.09%

AVG SP

$602,759

$647,001

7.34%

SP/OLP

97.9%

98.5%

0.61%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

68

63

-7.35%

25.3

26.7

5.53%

AVG SP

$397,568

$412,151

3.67%

SP/OLP

99.3%

99.2%

-0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

58

69

18.97%

61.5

35.8

-41.79%

AVG SP

$198,164

$196,412

-0.88%

SP/OLP

97.3%

97.1%

-0.21%

Detached

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

4507 Holborn Ave | SOLD

4606 Quarter Charge Dr | SOLD

87211 Captain Hawkins Ct | SOLD

8304 Toll House Rd W | SOLD

8312 Toll House Rd | SOLD

9502 Sailcloth Pl | SOLD

5501 Saddlebrook Ct | SOLD

9515 Debra Spradlin Ct | SOLD

burke

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

184

162

-11.96%

DOM

32.3

25.1

-22.29%

AVG SP

$629,511

$625,250

-0.68%

SP/OLP

99.3%

99.1%

-0.20%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

158

157

-0.63%

DOM

13.5

15.5

14.81%

AVG SP

$392,816

$404,323

2.93%

SP/OLP

99.7%

100.1%

0.40%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

26

14

-46.15%

14.7

38.4

161.22%

AVG SP

$230,842

$217,289

-5.87%

SP/OLP

99.0%

99.4%

0.40%

Detached

Attached

Condo # OF UNITS

DOM

Burke has maintained its bucolic appeal despite an increase in suburban development. This is due in large part to Burke’s location outside the Capital Beltway. Residents from around the area enjoy visiting Burke Lake Park, which is ideal for a weekend camping excursion or a leisurely walk during Virginia’s hot summer months. For those looking to improve their swing, Burke Lake Golf Course is conveniently located nearby.

centreville

As a suburb of Washington, D.C., Centreville experienced significant growth in the late 1990s and early 2000s due the influx of technology companies in nearby Loudoun County. The population of Centreville has almost tripled over the last 20 years growing from 26,585 in 1990 to 71,135 in 2010.

This historic town is a close-knit suburban community with a great location. Centreville is a typical American suburb, with many different styles of homes. Residences are available to fit most budgets, ranging from condos in the upper $100,000s to detached homes more than $1 Million.

Shopping and services are plentiful both within the historic district and nearby strip malls. The Centreville Historic District has some great sights as does nearby Bull Run Regional Park.

There is a fabulous facility at Westfields, with the Westfields Marriott Conference Center and the Westfields Golf Course. The world-class Smithsonian Udvar-Hazy aviation museum is a short drive north on Rt 28. A local newspaper, The CentreView, reports local events and happenings in the community and surrounding communities including Clifton. Just 20 minutes to Vienna Metro, Centreville is close enough to Washington, D.C. to take advantage of its benefits. Convenient access to Route 66 provides for a quick getaway to points west on the weekends.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

185

174

-5.95%

DOM

37.9

29.2

-22.96%

AVG SP

$609,304

$636,544

4.47%

SP/OLP

97.0%

98.7%

1.75%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

369

359

-2.71%

DOM

24.0

17.4

-27.50%

AVG SP

$359,243

$371,658

3.46%

SP/OLP

98.8%

99.9%

1.11%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

45

55

22.22%

44.2

18.2

-58.82%

AVG SP

$221,183

$232,470

5.10%

SP/OLP

98.3%

98.6%

0.31%

Detached

Attached

Condo # OF UNITS

DOM

6909 Hovingham Ct | SOLD

6875 Ridge Water Ct | SOLD

13949 Baton Rouge Ct | SOLD

14322 Little Rocky Mountain Ct | SOLD

14554 Woodgate Manor Pl | SOLD

24938 Earlsford Dr | SOLD

43493 Town Gate Sq | SOLD

chantilly

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

82

78

-4.88%

25.2

26.1

3.57%

AVG SP

$626,314

$627,027

0.11%

SP/OLP

99.3%

100.6%

1.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

38

35

-7.89%

24.0

12.7

-47.08%

AVG SP

$308,673

$354,609

14.88%

SP/OLP

97.8%

99.7%

1.94%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

13

13

0.00%

25.8

35.4

37.21%

AVG SP

$226,923

$227,055

0.06%

SP/OLP

97.9%

97.2%

-0.72%

Detached # OF UNITS

DOM

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

Named one of the best places to retire by US News and World Report, Chantilly straddles the line between Fairfax and Loudoun Counties.

Housing is referred to as being in the “affordable” range for Northern Virginia.

Chantilly is located in the heart of the Northern Virginia technology corridor with easy access to the Dulles Airport and the surrounding business parks. Corporations located in Chantilly include The Aerospace Corporation, Intel, and Computer Sciences Corporation. The National Air and Space Museum’s Steven F. Udvar-Hazy Center is an extension of the Smithsonian National Air and Space Museum in Washington, D.C. It was built on the northwest corner of Chantilly near Dulles Airport. Admission to the museum is free. Fairfax County Public Library operates the Chantilly Regional Library.

clifton, fairfax station

On March 10, 1902 Clifton Station was established as a town by Charter from the General Assembly. However, the town has been around since the 1700s when it was a plantation and it has an early history as Indian hunting grounds.

As with other outlying towns from the nation’s capital in the 1800s, the railroad made Clifton into the town it is today and its residents and government have worked to ensure that much of its original charm and character remain today.

Clifton, Virginia is located in the southwest part of Fairfax County and is nestled between the towns of Fairfax Station and Centreville before you reach the Loudoun County border.

Clifton has retained much of its small town roots and boasts a population of about 300 residents.

You’ll find a mixture of old farm houses and sprawling estates, as well as many historic buildings in the town center.

Fairfax Station is comprised of several distinct subdivisions and communities, many boasting minimum lot sizes of 5 acres to preserve the countryside and green spaces. In addition to lovely estate-sized homes, Fairfax Station is also home to many horse farms, parks and recreation areas making it the perfect destination for those who want to live close to our nation’s capital, yet feel a world apart.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

97

232

139.18%

75.4

51.7

-31.43%

AVG SP

$753,589

$792,915

5.22%

SP/OLP

94.0%

97.7%

3.94%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

16

16

0.00%

DOM

7.9

4.1

-48.10%

AVG SP

$379,000

$398,406

5.12%

SP/OLP

99.7%

101.1%

1.40%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

10

3

-70.00%

60.9

5.3

-91.30%

AVG SP

$226,950

$220,500

-2.84%

SP/OLP

98.3%

99.9%

1.63%

Detached # OF UNITS

DOM

Attached

Condo # OF UNITS

DOM

7870 Bressingham Dr | SOLD

7991 Oak Bridge Ln | SOLD 5702 Encampment Ct | SOLD

7509 Cannon Fort Dr | SOLD

9514 Shelly Krasnow Ln | SOLD

3835 Farrcroft Dr | SOLD 3425 Preservation Dr | SOLD

3556 Early Woodland Pl | SOLD

fairfax (including fairfax city)

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

555

510

-8.11%

DOM

39.6

41.9

5.81%

AVG SP

$642,406

$696,043

8.35%

SP/OLP

97.8%

98.1%

0.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

416

408

-1.92%

DOM

23.4

21.6

-7.69%

Detached

Attached

AVG SP

$492,269

$509,402

3.48%

SP/OLP

99.1%

99.2%

0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

209

210

0.48%

DOM

38.6

28.5

-26.17%

AVG SP

$283,158

$319,394

12.80%

SP/OLP

98.2%

99.4%

1.22%

Condo

Fairfax, Virginia is located at the geographic center of Fairfax County, Virginia, the most populous county in both Virginia and the Washington Metropolitan Area. The region known as Fairfax extends far beyond the actual city limits, mostly westward towards Centreville and Chantilly, and shares much of its rich history and role as a governmental hub for the county.

The City of Fairfax is an independent city located in the center of Fairfax County. It also serves as the county’s seat. Although the town was officially named in 1874, the region’s history dates back to the early 18th century, when King Charles of England granted Lord Fairfax 5,000 acres of land.

The City of Fairfax extends outward from its historic Old Town district, which is located in the blocks surrounding the intersection of Chain Bridge Road and Main Street, where the County Courthouse was built in 1790. The downtown area serves as a cultural hub, offering a variety of festivals to suit every interest. The annual Fairfax Fine Arts Festival offers a venue for hundreds of local artists and “Fall for the Book” features lectures and discussions with nationally recognized writers.

The region of Fairfax outside of Fairfax City is largely a suburban setting, though there is a considerable deal of retail, office space, new mixed-use development, and George Mason University. The Fairfax County Government Center, an expansive compound housing the official county offices and Board of Supervisors, is located in the center of Fairfax, and is also the grounds of the annual Fairfax Fair, a countywide celebration featuring a carnival and wide array of live entertainment. A wide selection of retail exists within Fairfax as well: Fair Oaks Mall is one of the largest malls in the region; Fair Lakes Shopping Center offers an abundance of grocery and retail options; and Fairfax Corner, the area’s most recent addition, is a mixed use development offering shopping, dining, theaters, and apartments.

falls church (fairfax county)

Frequently named one of CNN’s top 100 places to live in the US, Falls Church offers the best of suburban living with quick access to downtown D.C. With the adjacent City of Falls Church offering a walkable downtown area, complete with a weekend farmer’s market, residents of Falls Church enjoy access to both this small town lifestyle and popular nearby commercial centers. Seven Corners, in the easternmost part of the Falls Church region, offers a wide range of shopping options and access to major arteries such as Arlington Boulevard, Wilson Boulevard, Leesburg Pike, Sleepy Hollow Road, and Hillwood Avenue. It was actually the convergence of so many roads in one place that gave Seven Corners its name. Bailey’s Crossroads, further removed from Falls Church City and bordering Alexandria and Annandale, features a variety of shopping centers with countless national retail and restaurant chains.

Residents of Falls Church, Virginia are governed

by Fairfax County and thus are part of the Fairfax County Public School System, one of the largest in the country and also frequently one of the highest ranked.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

344

322

-6.40%

DOM

39.8

40.1

0.75%

AVG SP

$705,238

$730,412

3.57%

SP/OLP

98.7%

99.0%

0.30%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

176

82

-53.41%

DOM

32.0

23.9

-25.31%

AVG SP

$416,953

$562,789

34.98%

SP/OLP

98.6%

99.7%

1.12%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

127

250

96.85%

DOM

58.4

40.1

-31.34%

AVG SP

$241,167

$248,439

3.02%

SP/OLP

95.7%

97.3%

1.67%

Detached

Attached

Condo

3113 Worthington Cir | SOLD

6609 Gordon Ave | SOLD

2049 Stephanie Marie Dr | SOLD 3611 Bent Branch Ct | SOLD

7808 Holmes Run Dr | SOLD

9428 Brian Jac Ln | SOLD

1116 Utterback Store Rd | SOLD

great falls

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

123

108

-12.20%

152.7

99.2

-35.04%

AVG SP

$1,243,247

$1,140,914

-8.23%

SP/OLP

92.1%

94.3%

2.39%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

---

---

---

DOM

---

---

---

AVG SP

---

---

---

Detached # OF UNITS

DOM

Attached

SP/OLP

---

---

---

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

---

---

---

DOM

---

---

---

AVG SP

---

---

---

SP/OLP

---

---

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Condo

Although primarily a bedroom community for Washington, D.C., one major attraction is Great Falls Park which overlooks the Great Falls of the Potomac River, for which the community and the park are named. George Washington was involved with building a canal around the falls on the southwest, or Virginia, side, called the Patowmak Canal, which never became commercially viable. Remnants of the canal and of a village around the canal named Matildaville are still visible in the park.

Present day homesteads in Great Falls tend to spread out over an acre or more of land, two to five acres is the norm. There are no condominiums or townhouses in Great Falls.

Re-Sale and new homes range in price from $600,000 to over $3.5 Million. If horseback riding is your passion, this is the place to live.

There are riding trails throughout the area, including Turner Farm Equestrian Park, which is run by Fairfax County Park Authority. The central shopping and dining areas are the Village Centre and Village Green. The Village Green hosts community celebrations around Easter (Spring Festival, including an Egg Hunt), Fourth of July, Halloween, Thanksgiving, and Christmas (Tree Lighting), as well as concerts “On the Green” in the summer. There are many fine restaurants in Great Falls, including L’Auberge Chez Francois.

Great Falls, National Park is naturally the main outdoor venue in Great Falls. Picnickers, walkers, nature lovers and tourists flock to the park year round. Rock climbers and explorers/ historians can also find plenty to do in this multiuse park. The Olympic Kayak team has been known to practice in the swirling waters below the falls. Occasionally, visitors can thrill to the sight of a kayaker and boat deliberately plunging head first over the falls.

herndon, oak hill

The Town of Herndon with a population close to 25,000, boasts four Fairfax County Parks (Bready, Alabama Drive, Stanton and Folly Lick), a great public golf course and the Herndon Rec Center. From what was once farmland has sprung a community with great restaurants, shopping and commercial space, so folks in Herndon don’t have far to go for entertainment either. While you won’t see any high-rises in Herndon, there are plenty of condos, townhomes and detached homes in every price range.

Oak Hill is home to a large part of the economically vital Route 28 tech corridor, one of Virginia’s major employment centers. The housing stock is strictly suburban, with primarily single-family detached and townhomes. Frying Pan Park and Horsepen Run Stream Valley Park offer great recreation facilities.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

321

319

-0.62%

DOM

35.7

33.6

-5.88%

AVG SP

$627,132

$641,274

2.26%

SP/OLP

98.6%

98.7%

0.10%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

149

173

16.11%

DOM

31.6

20.8

-34.18%

AVG SP

$417,313

$428,796

2.75%

SP/OLP

98.2%

99.1%

0.92%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

68

57

-16.18%

39.3

25.3

-35.62%

AVG SP

$271,624

$291,308

7.25%

SP/OLP

98.0%

98.1%

0.10%

Detached

Attached

Condo # OF UNITS

DOM

12521 Summer Pl | SOLD

8956 Waldren Way | SOLD

8021 Samuel Wallis St | SOLD

lorton

Detached # OF UNITS

DOM

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

121

107

-11.57%

77.2

42.7

-44.69%

AVG SP

$660,879

$636,741

-3.65%

SP/OLP

97.0%

98.3%

1.34%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

114

127

11.40%

DOM

36.4

26.4

-27.47%

AVG SP

$386,291

$389,221

0.76%

SP/OLP

97.9%

99.2%

1.33%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

22

22

0.00%

28.5

21.4

-24.91%

AVG SP

$257,832

$279,791

8.52%

SP/OLP

97.9%

97.6%

-0.31%

Attached

Condo # OF UNITS

DOM

Lorton and Mason Neck are located in the southern most part of Fairfax County. Mason Neck is a peninsula that juts out into the Potomac while Lorton is landlocked, except for its southwestern border, which brushes up against the Occoquan River.

There is a considerable amount of land and history shared between these two communities.

Prior to the arrival of British colonists, both Lorton and Mason Neck are thought to have been inhabited by members of the Doeg Tribe.

Mason Neck is home to Gunston Hall, which was the primary residence of George Mason.

mclean

McLean is home to many diplomats, members of Congress and high-ranking federal government officials. While McLean may be better known for its upscale residences and famous politicians, it is offers a variety of housing stock including condos, townhomes and detached homes.

The McLean community is bustling with active community organizations and cultural opportunities. Original, high-quality theatrical productions, professional classical music presentations, and art exhibits are available year-round at the McLean Community Center - currently under renovation. The recently renovated Dolly Madison Library is an oasis of quiet tucked into a corner of McLean Central Park. Clemijontri Park is a fabulous new ADA accessible children’s park complete with a beautiful, old fashioned Merry-Go-Round.

McEnearney Associates is proud to Sponsor Mac’s Mercury, a handsome stallion that calls the Carousel home. McLean Hardware, a local institution since 1948 is a wonderful alternative the Big Box Hardware store. Another classic McLean experience is dinner at the McLean Family Restaurant. They have been serving up hot meals since 1955. And if your car needs repair, the friendly and honest mechanics at McLean Service Center will take care of that too.

They have been fixing cars since the time of the 1953 Chevy Bel-Air. Two very secret, but well recognized entities have world headquarters located in McLean, the Mars Candy Company and the Central Intelligence Agency. Neither discloses the number of employees working on site, claiming that information is strictly “need to know.”

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

294

270

-8.16%

106.8

86.4

-19.10%

AVG SP

$1,391,917

$1,685,756

21.11%

SP/OLP

94.8%

93.2%

-1.69%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

45

49

8.89%

96.1

53.3

-44.54%

AVG SP

$765,698

$842,666

10.05%

SP/OLP

96.0%

97.4%

1.46%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

161

141

-12.42%

DOM

74.0

46.1

-37.70%

AVG SP

$369,153

$370,597

0.39%

SP/OLP

95.2%

97.0%

1.89%

Detached # OF UNITS

DOM

Attached # OF UNITS

DOM

Condo

1219 Old Stable Rd | SOLD

1412 Laburnum St | SOLD

6515 Sunny Hill Ct | SOLD

1325 Timberly Ln | SOLD

1320 Macbeth St | SOLD

1486 Waterfront Rd | SOLD

11170 Glade Dr | SOLD

reston

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

148

139

-6.08%

DOM

49.3

37.4

-24.14%

$706,867

$739,824

4.66%

Detached

AVG SP

SP/OLP

97.6%

97.6%

0.00%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

271

297

9.59%

DOM

31.6

25.2

-20.25%

AVG SP

$456,657

$475,656

4.16%

SP/OLP

98.6%

99.1%

0.51%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

241

243

0.83%

DOM

55.2

53.5

-3.08%

AVG SP

$301,274

$318,487

5.71%

SP/OLP

96.4%

96.8%

0.41%

Attached

Condo

As a planned community, Reston has all manner of abodes to call home. There are various densities and heights and ranges of bedrooms.

You can live quietly on a lake or more energetically in a condo over a business at the center of town.

Would you like to walk to the grocery store, or take your boat? The choice is yours.

Living in Reston is like living in a park. 1,300 acres of open space are maintained throughout the community, and wide variety of facilities and programs offer year-round opportunities for fitness, fun and exploration.

55 miles of paved pathways and natural surface trails connect their facilities, neighborhoods, schools and shopping, and are perfect for walkers, joggers and bicyclists. More than 700 acres of forest, 50 meadows, and 4 wetlands provide beautiful vistas and important habitat for local wildlife. Aquatic habitats include 4 lakes, 3 ponds and 20 miles of streams, enjoyed by boaters and anglers. Reston is one of just a handful of communities in the United States that has been designated a backyard wildlife habitat community.

In Reston’s 15 community pools, patrons swim laps in the Olympic-sized pool, splash in the children’s interactive area, speed down a giant slide and relax in heated spas. Reston’s vibrant tennis community plays on 48 community courts, 8 of which are clay and 26 of which are lighted.

Friends and teams practice and compete on ball fields and multipurpose courts. Playgrounds, garden plots, picnic facilities and community buildings are popular places to gather and enjoy.

springfield

Springfield has grown from a small bedroom community that housed mostly military and government workers working in the Pentagon and Washington, D.C. to a diverse community of over 30,000 citizens. Housing is primarily modest 1960s and 1970s tract housing with pockets of newer development throughout. Home prices are relatively affordable in Springfield compared with other jurisdictions in the Metro area. The oldest part of Springfield can be found centered near the Springfield Shopping Plaza and beautifully redesigned Richard Byrd Library. Accotink Lake Park, part of the extensive Fairfax Park Authority is a beautifully preserved piece of history dating back to the 19th century including the Orange and Alexandria Trestle dating to 1851.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

445

398

-10.56%

DOM

29.2

28.4

-2.74%

AVG SP

$550,194

$567,881

3.21%

SP/OLP

98.7%

99.1%

0.41%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

270

257

-4.81%

DOM

23.4

17.9

-23.50%

AVG SP

$395,218

$406,841

2.94%

SP/OLP

99.2%

100.0%

0.81%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

43

39

-9.30%

28.4

21.1

-25.70%

AVG SP

$213,227

$223,873

4.99%

SP/OLP

98.2%

98.3%

0.10%

Detached

Attached

Condo # OF UNITS

DOM

5220 Cather Rd | SOLD

6801 Front Royal Rd | SOLD

1504 Snughill Ln | SOLD

3104 Windsong Dr | SOLD

2781 Cody Rd | SOLD

vienna, oakton

Detached # OF UNITS

DOM

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

86

384

346.51%

91.8

52.5

-42.81%

AVG SP

$945,476

$964,757

2.04%

SP/OLP

95.3%

97.6%

2.41%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

32

118

268.75%

46.5

22.3

-52.04%

AVG SP

$538,888

$628,848

16.69%

SP/OLP

98.7%

98.9%

0.20%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

42

91

116.67%

53.7

33.2

-38.18%

AVG SP

$268,406

$304,220

13.34%

SP/OLP

97.0%

97.9%

0.93%

Attached # OF UNITS

DOM

Condo # OF UNITS

DOM

Vienna has a mixture of lush parklands, quiet communities and bustling business centers (mainly along the 123 corridor). The Vienna Community Center provides facilities for many events, such as fashion shows, bazaars, health fairs, plays, and antique exhibits. In addition, you will find a mix of both new construction and historic homes that uniquely blend to give Vienna a truly unique feel.

Oakton benefits from the incredible public park system run by the Fairfax County Park Authority, with Difficult Run Stream Valley Park as well as Oak Marr Park, Golf and Rec Center. Oak Marr sports a tidy 9-hole par golf course and full driving range, miniature golf for the kids and a rec center, complete with an indoor Olympic pool, diving complex, racquetball courts and a fitness center. Oakton’s tree-lined streets feature single-family detached homes that are among Northern Virginia’s finest, along with high-end townhouse communities.

all of fairfax county

The County of Fairfax is a predominantly suburban county, although there are urban and rural pockets. With an estimated population of more than 1.1 million residents, it is the most populous jurisdiction in Virginia. The county has a total area of 406 miles with rolling hills, stream valleys, and tidal sections along the Potomac River.

Fairfax County’s economy revolves around professional services and technology. Many residents work for the government or for contractors of the federal government, and it boasts a higher concentration of high-tech workers than Silicon Valley.

Many parts of the county are experiencing growth and revitalization. As Metro expands towards Dulles Airport, communities are becoming town centers with higher density housing and walkable amenities, but there are still areas of rambling woods and open fields for quiet contemplation.

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

4,317

4,085

-5.37%

DOM

51.5

43.6

-15.34%

AVG SP

$742,118

$767,549

3.43%

SP/OLP

97.1%

97.4%

0.31%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

2,632

2,622

-0.38%

DOM

27.9

21.1

-24.37%

AVG SP

$437,241

$453,823

3.79%

SP/OLP

98.8%

99.4%

0.61%

2017 First Half

2018 First Half

% CHG (1H17 vs 1H18)

# OF UNITS

1,452

1,417

-2.41%

DOM

49.2

39.5

-19.72%

AVG SP

$278,638

$282,616

1.43%

SP/OLP

96.9%

97.6%

0.72%

Detached

Attached

Condo

12756 Misty Creek Ln | SOLD

we’re local. we’re global.

As an affiliate of the prestigious Leading Real Estate Companies of the World® network, McEnearney Associates is proud that our organization helped produce the most home sales by volume in 2017 compared to any national network or franchise. $55 billion more U.S. home sales volume than our closest competitor.

Realty Executives

Better Homes & Gardens

$22B

$20B

HomeSmart

Exit Realty

$25B

$12B

ERA

$26B

Sotheby’s International Realty

$116B

$121B

Century 21

Berkshire Hathaway Home Services

$181B

$250B

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$317B RE/MAX

Leading Real Estate Companies of the World®

$372B

Coldwell Banker

With connections to more than 130,000 sales associates in 565 member firms in over 70 countries, our connections make us more than a local company, we’re global too.

For informational purposes only. Based on available data for average sales units per agent and average sales prices per firm. In compiling this report, LeadingRE relies on third party sources including REAL Trends National Network 2018 Totals Final Report and REALTOR® Magazine 2017 Franchise Report. LeadingRE is not responsible for the accuracy of third party data.

reaching the luxury buyer Over 3 million affluent consumers visit our network flagship website, luxuryportfolio.com every year to browse in a setting dedicated solely to significant properties. These are high-networth buyers, not dreamers. The average luxury home buyer is 36 has an average household income of $372,000, liquid assets of $10.8 million and 57% own a second home. In the U.S. alone, luxuryportfolio.com curates more properties priced more than $1 million than any other luxury property website.

$10.8M

57%

I N L I QU I D A S S E T S

O WN A SE CO ND HO ME

$372,000

36

AV E RA GE HOU S E HOL D I NCO ME

9

NU M BE R OF L A NGU A GE S YOU R P R OP E R T Y WI L L B E T R A NS L AT E D I NT O

AV E R AG E AG E O F LUXURY HO ME B UYE R

60+

NUMB E R O F CUR R E NCI E S YO UR PR O PE R TY WI LL B E TR ANSLATE D I NTO

mcenearney leadership team Our dedicated team has overseen a combined 100,000+ closed real estate transactions. Managing Brokers are full-time, nonselling, and non-competing with our agents. Their extensive knowledge and experience benefit our Associates 365 days a year, and they stand behind them 100%. They are there when it counts.

Maureen McEnearney Dunn

David Howell

President McLean Office mdunn@mcenearney.com +1 703 738 9544

Executive Vice President, CIO & Principal Broker for Washington, DC & Maryland dhowell@mcenearney.com +1 202 552 5610

Dave Hawkins

Michael Day

Jon Wolford

Executive Vice President & Managing Broker, Alexandria Office dhawkins@mcenearney.com +1 703 286 1285

Executive Vice President & Managing Broker, Alexandria Office mday@mcenearney.com +1 703 286 1218

Executive Vice President & Managing Broker, McLean Office jwolford@mcenearney.com +1 703 738 9516

Candice Bower

Andy Hill

Glenn Lewis

Executive Vice President & Managing Broker, Washington, DC Offices ahill@mcenearney.com +1 202 552 5619

Executive Vice President & Managing Broker, Arlington Office glewis@mcenearney.com +1 703 717 6311

Executive Vice President & Managing Broker, Leesburg & Middleburg Offices cbower@mcenearney.com +1 703 738 8260

our office locations

14th Street

50th Street

Arlington

1803 14th Street NW Washington, DC 20009 o +1 202 903 2200

4315 50th Street NW Washington, DC 20016 o +1 202 552 5600

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Kensington

Leesburg

McLean

3804 Howard Avenue Kensington, MD 20895 o +1 301 979 7270

107 N King Street Leesburg, VA 20176 o +1 703 738 8282

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Middleburg

Old Town Alexandria

7 W Washington Street Middleburg, VA 20118 o +1 540 687 5490

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McLean Office 1320 Old Chain Bridge Rd, Suite 350 McLean, VA 22101 o +1 703 790 9090 McEnearney.com

Data derived from the MRIS Multiple Listing System and are believed reliable, but not guaranteed.