YEAR END MARKET UPDATE
2016
Urban Pace is pleased to present its 2016 Year End Market Report. In the report you will find information on how to best invest your development resources, improve underwriting and drive optimum investment and profit decisions. As we continue to deliver our development marketing, sales, and leasing services, we are expanding our reach across the Mid-Atlantic . Over the past year, Urban Pace has seen record sales pricing and velocity and we credit some of that success to our new affiliations with Christie’s International Real Estate and Long & Foster’s Asia Pacific initiatives. Paired with our proprietary technology – UP VELOCITY – we have an unmatched reach to luxury and global markets giving us a track record of extraordinary results.
Lynn Hackney
Matt Dewey
Pam Zandy
Jennifer Harper
CEO
President
Vice President of Marketing
Vice President of Sales
ii
URBAN PACE MARKET INSIGHTS CONTENTS
2 | YEAR END REPORT
3
4
5
6
7
8
WASHINGTON, DC
ALEXANDRIA, VA
ARLINGTON, VA
TYSONS, VA
FAIRFAX COUNTY, VA
LOUDOUN COUNTY, VA
9
10
11
12
13
SILVER SPRING, MD
BETHESDA, MD
MONTGOMERY COUNTY, MD
PRINCES GEORGE’S COUNTY, MD
BALTIMORE, MD
14 | Q4 2016 METRO AREA OVERVIEW 16 | Q4 METRO AREA SNAPSHOTS
17
18
19
20
21
22
WASHINGTON, DC
ALEXANDRIA, VA
ARLINGTON, VA
TYSONS, VA
FAIRFAX COUNTY, VA
LOUDOUN COUNTY, VA
23
24
25
26
27
SILVER SPRING, MD
BETHESDA, MD
MONTGOMERY COUNTY, MD
PRINCES GEORGE’S COUNTY, MD
BALTIMORE, MD
1
YEAR END REPORT
MARKET STATISTICS WASHINGTON, DC | 2016 S o ld S u m m a r y
F i n a n c i n g (S o l d ) 2016
Sold D ollar V olume Av g Sold Pric e M edian Sold Pric e U nits Sold
Av g SP to OLP R atio
Assumption
% C h an g e
0
4
$5, 573, 435, 989
$5, 276, 471, 377
5. 63%
$654, 082
$642, 219
1. 85%
C onv entional
5, 626
11 to 20
1, 191
429
21 to 30
665
634
31 to 60
1, 182
4
61 to 90
606
242
91 to 120
373
$545, 000
$523, 050
4. 20%
F HA
8, 521
8, 216
3. 71%
Other
37
37
0. 00%
Owner VA
1, 582
1 to 10
3, 247
$658, 935
$645, 788
2. 04%
98. 7%
98. 9%
-0. 19%
121 to 180
358 226 33
97. 7%
98. 1%
-0. 33%
181 to 360
Attac hed Av g Sold Pric e
$597, 634
$586, 509
1. 90%
361 to 720
D etac hed Av g Sold Pric e
$952, 245
$953, 871
-0. 17%
721+
Attac hed U nits Sold
7, 134
6, 945
2. 72%
D etac hed U nits Sold
1, 374
1, 260
9. 05%
R atio of Av g SP to Av g OLP
636
C ash
Av g D ay s on M arket Av g List Pric e for Solds
2015
D a y s o n M a r k e t (S o l d )
4
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
D etac h ed
C o n d o /C o o p
3 BR
A ttac h ed /T H
D etac h ed
4 or More BR A ttac h ed /T H
D etac h ed
A ll
A ttac h ed /T H
A ttac h ed
< $50, 000
4
0
0
0
1
0
26
$50K to $99, 999
3
3
0
1
1
1
49
$100K to $149, 999
14
23
5
13
3
2
35
$150K to $199, 999
11
52
9
47
3
12
103
$200K to $299, 999
26
95
40
114
19
17
644
$300K to $399, 999
27
72
58
189
51
49
838
$400K to $499, 999
21
55
60
197
77
57
666
$500K to $599, 999
22
72
46
220
43
78
558
$600K to $799, 999
20
128
67
336
122
258
743
$800K to $999, 999
12
55
78
226
122
204
195
$1M to $2, 499, 999
5
28
46
140
296
339
158
$2. 5M to $4, 999, 999
0
0
2
5
49
23
6
$5, 000, 000+
0
0
0
0
11
2
0
T otal
165
583
411
1, 488
798
1, 042
4, 021
Av g Sold Pric e
$446, 796
$511, 927
$654, 840
$635, 642
$1, 209, 930
$969, 678
$499, 584
Prev Year - Av g Sold Pric e
$553, 782
$512, 290
$608, 229
$608, 171
$1, 212, 425
$965, 082
$492, 392
Av g Sold % C hange
-19. 32%
-0. 07%
7. 66%
4. 52%
-0. 21%
0. 48%
1. 46%
102
568
428
1, 449
730
1, 004
3, 924
Prev Year - # of Solds
3
MARKET STATISTICS ALEXANDRIA, VA | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
2016
2015
% C h an g e
$2, 623, 140, 665
$2, 521, 637, 778
4. 03%
C ash
D a y s o n M a r k e t (S o l d ) 0
1
238
571
1 to 10
1, 559
2, 951
11 to 20
709
Av g Sold Pric e
$495, 774
$498, 249
-0. 50%
C onv entional
M edian Sold Pric e
$450, 000
$450, 000
0. 00%
F HA
559
21 to 30
473
5, 291
5, 061
4. 54%
Other
283
31 to 60
848
4
61 to 90
501
922
91 to 120
329 363
U nits Sold
50
52
-3. 85%
Owner
$503, 206
$505, 932
-0. 54%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
97. 3%
97. 2%
0. 12%
121 to 180
R atio of Av g SP to Av g OLP
97. 1%
97. 0%
0. 14%
181 to 360
231
$422, 570
$428, 652
-1. 42%
361 to 720
39
721+
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$648, 809
$648, 796
0. 00%
Attac hed U nits Sold
3, 579
3, 461
3. 41%
D etac hed U nits Sold
1, 712
1, 600
7. 00%
1
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
0
0
0
0
0
0
0
$50K to $99, 999
0
0
0
0
0
0
11
$100K to $149, 999
2
0
0
0
0
0
147
$150K to $199, 999
3
0
4
0
1
0
329
$200K to $299, 999
11
33
15
21
5
2
638
$300K to $399, 999
21
119
93
158
50
41
416
$400K to $499, 999
8
67
140
364
179
50
128
$500K to $599, 999
10
63
99
258
226
50
92
$600K to $799, 999
19
69
118
200
363
45
56
$800K to $999, 999
1
14
46
69
169
33
18
$1M to $2, 499, 999
0
4
8
41
116
26
13
$2. 5M to $4, 999, 999
0
0
0
0
5
2
2
$5, 000, 000+
0
0
0
0
0
0
0
T otal
75
369
523
1, 111
1, 114
249
1, 850
Av g Sold Pric e
$445, 033
$482, 236
$545, 088
$547, 696
$711, 223
$671, 913
$301, 966
Prev Year - Av g Sold Pric e
$445, 785
$469, 738
$551, 428
$533, 047
$705, 888
$760, 490
$305, 270
-0. 17%
2. 66%
-1. 15%
2. 75%
0. 76%
-11. 65%
-1. 08%
62
435
487
1, 095
1, 051
233
1, 698
Av g Sold % C hange Prev Year - # of Solds
4
MARKET STATISTICS ARLINGTON, VA | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
2016
2015
% C h an g e
$1, 887, 151, 588
$1, 847, 489, 562
2. 15%
C ash
D a y s o n M a r k e t (S o l d ) 1
0
189
410
1 to 10
906
2, 015
11 to 20
400
Av g Sold Pric e
$637, 767
$636, 188
0. 25%
C onv entional
M edian Sold Pric e
$549, 500
$560, 000
-1. 88%
F HA
105
21 to 30
231
2, 959
2, 904
1. 89%
Other
169
31 to 60
458
2
61 to 90
247
257
91 to 120
173 187
U nits Sold
49
49
0. 00%
Owner
$645, 634
$643, 936
0. 26%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
97. 5%
97. 5%
0. 04%
121 to 180
R atio of Av g SP to Av g OLP
97. 4%
97. 4%
-0. 03%
181 to 360
147
$464, 048
$472, 166
-1. 72%
361 to 720
20
721+
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$929, 651
$910, 011
2. 16%
Attac hed U nits Sold
1, 853
1, 812
2. 26%
D etac hed U nits Sold
1, 105
1, 090
1. 38%
1
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
0
0
0
0
0
0
1
$50K to $99, 999
0
0
0
0
0
0
4
$100K to $149, 999
1
0
0
0
0
0
41
$150K to $199, 999
0
0
0
0
0
0
99
$200K to $299, 999
6
2
0
1
0
0
288
$300K to $399, 999
9
17
10
14
1
2
404
$400K to $499, 999
15
27
9
12
10
0
343
$500K to $599, 999
15
18
38
26
11
2
185
$600K to $799, 999
35
16
213
53
139
6
150
$800K to $999, 999
3
0
94
35
160
12
36
$1M to $2, 499, 999
2
0
24
22
306
8
25
$2. 5M to $4, 999, 999
0
0
0
0
4
0
4
$5, 000, 000+
0
0
0
0
0
0
0
86
80
388
163
631
30
1, 580
Av g Sold Pric e
$563, 348
$491, 984
$742, 282
$747, 978
$1, 094, 788
$872, 767
$425, 581
Prev Year - Av g Sold Pric e
$558, 568
$515, 203
$736, 103
$759, 079
$1, 069, 769
$883, 465
$422, 232
0. 86%
-4. 51%
0. 84%
-1. 46%
2. 34%
-1. 21%
0. 79%
90
77
384
183
616
47
1, 505
T otal
Av g Sold % C hange Prev Year - # of Solds
5
MARKET STATISTICS TYSONS, VA | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
2016
2015
% C h an g e
$289, 673, 627
$262, 689, 246
10. 27%
C ash
D a y s o n M a r k e t (S o l d ) 0
11
101
1 to 10
57
225
11 to 20
35
0
Av g Sold Pric e
$774, 528
$763, 632
1. 43%
C onv entional
M edian Sold Pric e
$440, 000
$435, 000
1. 15%
F HA
9
21 to 30
22
374
344
8. 72%
Other
24
31 to 60
74
1
61 to 90
39
14
91 to 120
37 42
U nits Sold
93
91
2. 20%
Owner
$810, 463
$812, 371
-0. 23%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
94. 2%
93. 5%
0. 83%
121 to 180
R atio of Av g SP to Av g OLP
92. 2%
89. 5%
2. 99%
181 to 360
44
$393, 437
$383, 801
2. 51%
361 to 720
11
721+
2
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$1, 457, 080
$1, 510, 196
-3. 52%
Attac hed U nits Sold
240
228
5. 26%
D etac hed U nits Sold
134
116
15. 52%
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
0
0
0
0
0
0
0
$50K to $99, 999
0
0
0
0
0
0
0
$100K to $149, 999
0
0
0
0
0
0
0
$150K to $199, 999
0
0
0
0
0
0
10
$200K to $299, 999
0
0
0
0
0
0
73
$300K to $399, 999
0
0
1
0
0
0
80
$400K to $499, 999
0
0
0
0
0
0
35
$500K to $599, 999
0
0
1
0
0
0
7
$600K to $799, 999
2
0
0
6
5
1
11
$800K to $999, 999
1
0
1
8
28
2
6
$1M to $2, 499, 999
0
0
0
0
85
0
1
$2. 5M to $4, 999, 999
0
0
0
0
10
0
0
$5, 000, 000+
0
0
0
0
0
0
0
T otal
3
0
3
14
128
3
223
Av g Sold Pric e
$765, 333
$0
$644, 333
$789, 950
$1, 492, 341
$777, 000
$363, 384
Prev Year - Av g Sold Pric e
$783, 000
$258, 000
$1, 169, 000
$812, 778
$1, 546, 192
$0
$366, 668
-2. 26%
0. 00%
-44. 88%
-2. 81%
-3. 48%
0. 00%
-0. 90%
3
1
5
9
108
0
218
Av g Sold % C hange Prev Year - # of Solds
6
MARKET STATISTICS
FAIRFAX COUNTY, VA | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
D a y s o n M a r k e t (S o l d ) 0
3
600
2016
2015
% C h an g e
$8, 577, 276, 669
$8, 079, 222, 372
6. 16%
C ash
1, 770
1 to 10
4, 847
9, 416
11 to 20
2, 106
Av g Sold Pric e
$544, 416
$544, 055
0. 07%
C onv entional
M edian Sold Pric e
$475, 000
$474, 844
0. 03%
F HA
1, 623
21 to 30
1, 361
15, 755
14, 850
6. 09%
Other
1, 106
31 to 60
2, 489
6
61 to 90
1, 421
1, 831
91 to 120
933 1, 046
U nits Sold
52
52
0. 00%
Owner
$553, 967
$554, 234
-0. 05%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
97. 2%
97. 0%
0. 22%
121 to 180
R atio of Av g SP to Av g OLP
96. 6%
96. 5%
0. 18%
181 to 360
780
$374, 979
$375, 491
-0. 14%
361 to 720
160
721+
12
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$712, 675
$707, 214
0. 77%
Attac hed U nits Sold
7, 850
7, 304
7. 48%
D etac hed U nits Sold
7, 905
7, 546
4. 76%
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
4
0
4
0
0
0
0
$50K to $99, 999
1
0
7
0
0
0
11
$100K to $149, 999
4
0
0
0
0
0
161
$150K to $199, 999
10
0
4
2
1
0
550
$200K to $299, 999
19
183
25
198
8
14
1, 372
$300K to $399, 999
42
287
229
1, 173
130
224
740
$400K to $499, 999
18
86
503
1, 155
795
297
207
$500K to $599, 999
15
10
320
479
1, 356
131
51
$600K to $799, 999
10
3
230
249
2, 265
92
42
$800K to $999, 999
3
1
36
45
899
27
14
$1M to $2, 499, 999
0
0
16
16
904
12
18
$2. 5M to $4, 999, 999
0
0
0
0
45
0
0
$5, 000, 000+
0
0
0
0
2
0
0
126
570
1, 374
3, 317
6, 405
797
3, 166
Av g Sold Pric e
$373, 223
$336, 892
$505, 465
$442, 595
$763, 803
$489, 394
$282, 191
Prev Year - Av g Sold Pric e
$399, 234
$340, 604
$502, 834
$432, 892
$757, 724
$485, 120
$285, 930
-6. 52%
-1. 09%
0. 52%
2. 24%
0. 80%
0. 88%
-1. 31%
114
556
1, 335
3, 221
6, 097
755
2, 772
T otal
Av g Sold % C hange Prev Year - # of Solds
7
MARKET STATISTICS
LOUDOUN COUNTY, VA | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
D a y s o n M a r k e t (S o l d ) 0
1
692
2016
2015
% C h an g e
$3, 374, 381, 673
$3, 105, 907, 741
8. 64%
C ash
576
1 to 10
1, 897
4, 200
11 to 20
890
Av g Sold Pric e
$483, 713
$478, 937
1. 00%
C onv entional
M edian Sold Pric e
$445, 000
$432, 000
3. 01%
F HA
1, 035
21 to 30
581
6, 976
6, 485
7. 57%
Other
536
31 to 60
1, 128
Owner
9
61 to 90
586
619
91 to 120
385 385
U nits Sold Av g D ay s on M arket Av g List Pric e for Solds
51
60
-15. 00%
$490, 607
$486, 543
0. 84%
VA
Av g SP to OLP R atio
97. 6%
97. 1%
0. 54%
121 to 180
R atio of Av g SP to Av g OLP
97. 2%
96. 6%
0. 62%
181 to 360
363
$369, 578
$359, 525
2. 80%
361 to 720
62
721+
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$600, 741
$595, 835
0. 82%
Attac hed U nits Sold
3, 530
3, 208
10. 04%
D etac hed U nits Sold
3, 445
3, 277
5. 13%
7
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
0
0
0
0
0
0
0
$50K to $99, 999
7
0
1
0
0
0
5
$100K to $149, 999
3
4
1
0
0
0
33
$150K to $199, 999
4
1
3
2
2
0
149
$200K to $299, 999
23
48
43
139
10
35
442
$300K to $399, 999
15
70
197
798
171
178
351
$400K to $499, 999
20
3
177
666
370
232
22
$500K to $599, 999
4
1
109
149
709
115
7
$600K to $799, 999
8
1
45
26
1, 119
38
5
$800K to $999, 999
1
0
9
2
274
7
0
$1M to $2, 499, 999
1
0
7
0
108
1
0
$2. 5M to $4, 999, 999
0
0
0
0
4
0
0
$5, 000, 000+
0
0
0
0
0
0
0
T otal
86
128
592
1, 782
2, 767
606
1, 014
Av g Sold Pric e
$375, 513
$303, 814
$450, 383
$400, 810
$639, 911
$452, 116
$273, 664
Prev Year - Av g Sold Pric e
$345, 491
$303, 212
$434, 714
$386, 460
$633, 574
$439, 936
$266, 837
8. 69%
0. 20%
3. 60%
3. 71%
1. 00%
2. 77%
2. 56%
80
129
506
1, 707
2, 691
511
861
Av g Sold % C hange Prev Year - # of Solds
8
MARKET STATISTICS
SILVER SPRING, MD | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
2016
2015
% C h an g e
$1, 194, 213, 442
$1, 085, 985, 568
9. 97%
C ash
D a y s o n M a r k e t (S o l d ) 0
1
98
565
1 to 10
1, 022
1, 730
11 to 20
450
Av g Sold Pric e
$374, 949
$364, 302
2. 92%
C onv entional
M edian Sold Pric e
$375, 000
$360, 000
4. 17%
F HA
501
21 to 30
279
3, 185
2, 981
6. 84%
Other
209
31 to 60
512
5
61 to 90
304
174
91 to 120
166 191
U nits Sold
49
54
-9. 26%
Owner
$378, 841
$369, 544
2. 52%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
97. 4%
96. 6%
0. 79%
121 to 180
R atio of Av g SP to Av g OLP
97. 4%
96. 6%
0. 82%
181 to 360
136
$251, 064
$247, 691
1. 36%
361 to 720
26
721+
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$447, 784
$436, 306
2. 63%
Attac hed U nits Sold
1, 177
1, 138
3. 43%
D etac hed U nits Sold
2, 007
1, 843
8. 90%
1
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
1
0
0
0
0
0
3
$50K to $99, 999
8
0
0
0
0
0
94
$100K to $149, 999
4
1
0
0
0
1
150
$150K to $199, 999
5
5
9
11
1
1
192
$200K to $299, 999
33
16
82
83
37
14
239
$300K to $399, 999
38
7
240
99
339
42
97
$400K to $499, 999
11
0
171
51
471
11
23
$500K to $599, 999
5
0
71
15
224
2
2
$600K to $799, 999
1
0
45
11
168
4
3
$800K to $999, 999
1
0
5
0
33
0
0
$1M to $2, 499, 999
0
0
0
0
4
0
0
$2. 5M to $4, 999, 999
0
0
0
0
0
0
0
$5, 000, 000+
0
0
0
0
0
0
0
107
29
623
270
1, 277
75
803
Av g Sold Pric e
$304, 769
$256, 972
$408, 413
$356, 413
$478, 975
$359, 957
$205, 258
Prev Year - Av g Sold Pric e
$300, 220
$244, 935
$392, 489
$343, 590
$470, 761
$395, 686
$198, 902
1. 52%
4. 91%
4. 06%
3. 73%
1. 74%
-9. 03%
3. 20%
91
34
613
275
1, 139
72
757
T otal
Av g Sold % C hange Prev Year - # of Solds
9
MARKET STATISTICS BETHESDA, MD | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
2016
2015
% C h an g e
$1, 140, 531, 473
$1, 058, 041, 864
7. 80%
C ash
D a y s o n M a r k e t (S o l d ) 0
92
239
1 to 10
339
819
11 to 20
125
1
Av g Sold Pric e
$956, 020
$926, 481
3. 19%
C onv entional
M edian Sold Pric e
$848, 000
$825, 000
2. 79%
F HA
13
21 to 30
88
1, 193
1, 142
4. 47%
Other
99
31 to 60
172
0
61 to 90
99
22
91 to 120
83 83
U nits Sold
62
56
10. 71%
Owner
$981, 672
$946, 784
3. 68%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
96. 4%
96. 3%
0. 08%
121 to 180
R atio of Av g SP to Av g OLP
95. 8%
95. 8%
-0. 09%
181 to 360
89
$512, 205
$453, 754
12. 88%
361 to 720
23
721+
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$1, 142, 528
$1, 115, 341
2. 44%
Attac hed U nits Sold
353
326
8. 28%
D etac hed U nits Sold
840
816
2. 94%
0
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
0
0
0
0
0
0
0
$50K to $99, 999
0
0
0
0
0
0
0
$100K to $149, 999
0
0
0
0
0
0
8
$150K to $199, 999
0
0
0
0
0
0
44
$200K to $299, 999
1
0
0
0
0
0
102
$300K to $399, 999
0
1
0
0
0
0
58
$400K to $499, 999
0
0
1
1
0
0
25
$500K to $599, 999
4
0
11
6
7
0
27
$600K to $799, 999
8
0
66
8
131
4
22
$800K to $999, 999
0
0
53
7
162
5
8
$1M to $2, 499, 999
1
0
15
4
364
3
15
$2. 5M to $4, 999, 999
0
0
0
0
14
0
5
$5, 000, 000+
0
0
0
0
2
0
0
14
1
146
26
680
12
314
Av g Sold Pric e
$657, 921
$310, 000
$807, 256
$815, 608
$1, 224, 490
$931, 775
$471, 692
Prev Year - Av g Sold Pric e
$644, 364
$525, 000
$786, 627
$770, 088
$1, 201, 697
$960, 077
$412, 589
2. 10%
-40. 95%
2. 62%
5. 91%
1. 90%
-2. 95%
14. 32%
11
2
155
17
650
13
294
T otal
Av g Sold % C hange Prev Year - # of Solds
10
MARKET STATISTICS
MONTGOMERY COUNTY, MD | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
D a y s o n M a r k e t (S o l d ) 0
3
422
2016
2015
% C h an g e
$6, 516, 152, 552
$6, 111, 408, 656
6. 62%
C ash
2, 056
1 to 10
3, 736
7, 327
11 to 20
1, 730
Av g Sold Pric e
$505, 285
$501, 305
0. 79%
C onv entional
M edian Sold Pric e
$409, 700
$400, 000
2. 43%
F HA
1, 834
21 to 30
1, 152
12, 896
12, 191
5. 78%
Other
1, 129
31 to 60
2, 127
10
61 to 90
1, 233
537
91 to 120
781 897
U nits Sold
55
57
-3. 51%
Owner
$514, 992
$510, 680
0. 84%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
96. 9%
96. 4%
0. 52%
121 to 180
R atio of Av g SP to Av g OLP
96. 4%
96. 1%
0. 28%
181 to 360
664
$325, 427
$323, 142
0. 71%
361 to 720
146
721+
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$650, 187
$644, 775
0. 84%
Attac hed U nits Sold
5, 752
5, 438
5. 77%
D etac hed U nits Sold
7, 143
6, 753
5. 78%
8
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
2
0
0
0
0
0
6
$50K to $99, 999
14
1
0
0
0
0
206
$100K to $149, 999
14
9
1
15
2
2
393
$150K to $199, 999
17
42
19
108
4
13
575
$200K to $299, 999
63
128
172
772
76
125
839
$300K to $399, 999
62
29
573
584
721
175
475
$400K to $499, 999
28
3
343
284
1, 081
82
178
$500K to $599, 999
13
9
170
150
768
39
93
$600K to $799, 999
12
2
226
122
1, 180
63
82
$800K to $999, 999
2
0
89
30
609
21
23
$1M to $2, 499, 999
2
1
27
7
817
20
37
$2. 5M to $4, 999, 999
0
0
0
0
33
0
9
$5, 000, 000+
0
0
0
0
3
0
0
229
224
1, 620
2, 072
5, 294
540
2, 916
Av g Sold Pric e
$328, 095
$261, 305
$467, 117
$359, 918
$720, 140
$440, 818
$284, 476
Prev Year - Av g Sold Pric e
$323, 221
$245, 408
$457, 714
$360, 142
$720, 050
$451, 662
$276, 694
1. 51%
6. 48%
2. 05%
-0. 06%
0. 01%
-2. 40%
2. 81%
214
214
1, 614
1, 914
4, 925
569
2, 741
T otal
Av g Sold % C hange Prev Year - # of Solds
11
MARKET STATISTICS
PRINCES GEORGE’S COUNTY, MD | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
D a y s o n M a r k e t (S o l d ) 0
0
359
2016
2015
% C h an g e
$2, 743, 928, 608
$2, 314, 949, 608
18. 53%
C ash
1, 950
1 to 10
2, 750
2, 661
11 to 20
1, 860
Av g Sold Pric e
$264, 246
$247, 086
6. 94%
C onv entional
M edian Sold Pric e
$255, 000
$235, 000
8. 51%
F HA
3, 987
21 to 30
1, 081
941
31 to 60
1, 819
U nits Sold
10, 384
9, 369
10. 83%
Other
47
49
-4. 08%
Owner
10
61 to 90
962
$267, 182
$250, 295
6. 75%
VA
835
91 to 120
538 561
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
98. 0%
97. 3%
0. 75%
121 to 180
R atio of Av g SP to Av g OLP
98. 2%
97. 1%
1. 10%
181 to 360
391 58
Attac hed Av g Sold Pric e
$198, 609
$185, 449
7. 10%
361 to 720
D etac hed Av g Sold Pric e
$294, 175
$274, 814
7. 05%
721+
Attac hed U nits Sold
3, 249
2, 907
11. 76%
D etac hed U nits Sold
7, 134
6, 462
10. 40%
5
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
D etac h ed
C o n d o /C o o p
3 BR
A ttac h ed /T H
D etac h ed
4 or More BR A ttac h ed /T H
A ll
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
2
0
4
2
0
0
120
$50K to $99, 999
66
13
63
43
16
8
372
$100K to $149, 999
75
26
265
179
109
18
315
$150K to $199, 999
80
80
423
368
264
66
161
$200K to $299, 999
73
87
1, 047
676
1, 633
156
78
$300K to $399, 999
14
6
367
244
1, 488
27
70
$400K to $499, 999
3
1
35
60
765
38
4
$500K to $599, 999
0
0
5
0
199
3
12
$600K to $799, 999
0
0
3
0
126
1
11
$800K to $999, 999
0
0
0
0
8
0
4
$1M to $2, 499, 999
0
0
0
0
1
0
0
$2. 5M to $4, 999, 999
0
0
0
0
0
0
0
$5, 000, 000+
0
0
0
0
0
0
0
T otal
313
213
2, 212
1, 572
4, 609
317
1, 147
Av g Sold Pric e
$163, 891
$193, 403
$233, 164
$231, 139
$332, 303
$253, 730
$139, 760
Prev Year - Av g Sold Pric e
$150, 304
$179, 947
$219, 025
$219, 512
$314, 228
$239, 437
$131, 426
9. 04%
7. 48%
6. 46%
5. 30%
5. 75%
5. 97%
6. 34%
319
186
2, 126
1, 380
4, 017
245
1, 096
Av g Sold % C hange Prev Year - # of Solds
12
MARKET STATISTICS BALTIMORE, MD | 2016 S o ld S u m m a r y
Sold D ollar V olume
F i n a n c i n g (S o l d ) Assumption
D a y s o n M a r k e t (S o l d ) 0
0
342
2016
2015
% C h an g e
$1, 607, 942, 423
$1, 397, 585, 597
15. 05%
C ash
3, 596
1 to 10
1, 453
2, 682
11 to 20
1, 176
Av g Sold Pric e
$180, 000
$167, 095
7. 72%
C onv entional
M edian Sold Pric e
$140, 000
$124, 900
12. 09%
F HA
1, 654
21 to 30
931
8, 933
8, 364
6. 80%
Other
762
31 to 60
1, 552
21
61 to 90
951
218
91 to 120
697 813
U nits Sold
78
78
0. 00%
Owner
$195, 274
$179, 689
8. 67%
VA
Av g D ay s on M arket Av g List Pric e for Solds Av g SP to OLP R atio
92. 9%
91. 6%
1. 46%
121 to 180
R atio of Av g SP to Av g OLP
95. 0%
93. 9%
1. 17%
181 to 360
803
$165, 696
$152, 203
8. 87%
361 to 720
189
721+
26
Attac hed Av g Sold Pric e D etac hed Av g Sold Pric e
$232, 563
$223, 705
3. 96%
Attac hed U nits Sold
7, 022
6, 622
6. 04%
D etac hed U nits Sold
1, 911
1, 742
9. 70%
N otes: SP = Sold Pric e OLP = Original List Pric e LP = List Pric e (at time of sale) Garage/Parking Spac es are not inc luded in D etac hed/Attac hed sec tion totals.
S o ld D e t a il R esi d en ti al 2 o r L ess B R Pr i c e R an g es
C o n d o /C o o p
3 BR
4 or More BR
A ll
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
D etac h ed
A ttac h ed /T H
A ttac h ed
< $50, 000
24
345
78
1, 367
52
203
35
$50K to $99, 999
33
234
190
659
126
87
87
$100K to $149, 999
32
172
117
551
66
109
104
$150K to $199, 999
19
215
192
304
129
114
89
$200K to $299, 999
14
427
180
496
224
119
116
$300K to $399, 999
2
135
69
376
88
146
63
$400K to $499, 999
2
11
41
129
62
70
30
$500K to $599, 999
0
1
9
45
48
36
30
$600K to $799, 999
0
1
4
19
69
39
25
$800K to $999, 999
0
0
2
3
22
4
7
$1M to $2, 499, 999
0
0
0
2
16
1
14
$2. 5M to $4, 999, 999
0
0
0
0
1
0
2
$5, 000, 000+
0
0
0
0
0
0
0
126
1, 541
882
3, 951
903
928
602
Av g Sold Pric e
$120, 598
$156, 513
$178, 920
$139, 740
$300, 582
$221, 504
$273, 522
Prev Year - Av g Sold Pric e
$109, 593
$151, 170
$163, 147
$128, 029
$296, 830
$200, 543
$238, 366
10. 04%
3. 53%
9. 67%
9. 15%
1. 26%
10. 45%
14. 75%
122
1,504
782
3, 696
838
836
586
T otal
Av g Sold % C hange Prev Year - # of Solds
13
Q4 2016 METRO AREA OVERVIEW
Q4 2016 METRO AREA OVERVIEW WASHINGTON DC METRO AREA
Median Sales Price
% Change
$405,000
+1.5%
Q4 2016 Unit Sales
% Change
12,125
+3.6%
DC Metro Spotlight Q4 2016
Change
Sold Dollar Volume
$6,041,337,079
+5.25%
Average Sold Price
$498,255
+1.56%
51
-7.27%
$507,164
+1.41%
Average SP to OLP Ratio
97.3%
+0.64%
Ratio of Average SP to Average OPL
96.8%
+0.66%
Attached Average Sold Price
$414,384
+0.17%
Detached Average Sold Price
$594,000
+2.50%
Attached Units Sold
6,457
+3.20%
Detached Units Sold
5,666
+4.19%
Average Days on Market Average List Price for Solds
Q4 2016 Sales Activity 26,367
26,869
12,652
12,728
10,949
11,700
12,125
2014
2015
2016
24,449
24,656
24,661
11,692
11,599
11,698
10,745
11,044
2012
2013 Closed Sales
Pending Sales
15
Q4 METRO AREA SNAPSHOTS
METRO AREA SNAPSHOTS WASHINGTON, DC | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
1,086
902
New Pendings
New Pendings
885
853
Closed Sales
Closed Sales
878
751
Median Sold Price
Median Sold Price
$439,967
$645,667
Active Listings*
Active Listings*
626
395
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
36
32
Average Sold/OLP
Average Sold/OLP
98.6%
98.6%
17
METRO AREA SNAPSHOTS ALEXANDRIA, VA | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
455
372
New Pendings
New Pendings
430
370
Closed Sales
Closed Sales
406
385
Median Sold Price
Median Sold Price
$276,062
$503,467
Active Listings*
Active Listings*
301
196
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
57
42
Average Sold/OLP
Average Sold/OLP
96.5%
98.0%
18
METRO AREA SNAPSHOTS ARLINGTON, VA | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
336
73
New Pendings
New Pendings
325
73
Closed Sales
Closed Sales
375
81
Median Sold Price
Median Sold Price
$393,941
$600,00
Active Listings*
Active Listings*
271
27
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
60
31
Average Sold/OLP
Average Sold/OLP
96.9%
99.6%
19
METRO AREA SNAPSHOTS TYSONS, VA | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
64
3
New Pendings
New Pendings
70
1
Closed Sales
Closed Sales
53
2
Median Sold Price
Median Sold Price
$338,500
$511,667
Active Listings*
Active Listings*
75
4
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
92
58
Average Sold/OLP
Average Sold/OLP
95.6%
65.6%
20
METRO AREA SNAPSHOTS FAIRFAX COUNTY, VA | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
99
104
New Pendings
New Pendings
93
133
Closed Sales
Closed Sales
111
154
Median Sold Price
Median Sold Price
$277,500
$469,333
Active Listings*
Active Listings*
58
55
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
45
47
Average Sold/OLP
Average Sold/OLP
97.1%
98.0%
21
METRO AREA SNAPSHOTS LOUDOUN COUNTY, VA | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
222
449
New Pendings
New Pendings
230
525
Closed Sales
Closed Sales
253
553
Median Sold Price
Median Sold Price
$259,667
$403,333
Active Listings*
Active Listings*
149
218
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
49
39
Average Sold/OLP
Average Sold/OLP
96.9%
98.2%
22
METRO AREA SNAPSHOTS SILVER SPRING, MD | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
197
81
New Pendings
New Pendings
178
90
Closed Sales
Closed Sales
157
88
Median Sold Price
Median Sold Price
$183,000
$331,333
Active Listings*
Active Listings*
141
43
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
46
38
Average Sold/OLP
Average Sold/OLP
95.8%
97.0%
23
METRO AREA SNAPSHOTS BETHESDA, MD | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
90
28
New Pendings
New Pendings
82
11
Closed Sales
Closed Sales
81
11
Median Sold Price
Median Sold Price
$292,000
$748,333
Active Listings*
Active Listings*
90
20
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
60
29
Average Sold/OLP
Average Sold/OLP
95.5%
97.7%
24
METRO AREA SNAPSHOTS
MONTGOMERY COUNTY, MD | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
678
573
New Pendings
New Pendings
683
645
Closed Sales
Closed Sales
661
661
Median Sold Price
Median Sold Price
$227,333
$325,000
Active Listings*
Active Listings*
560
369
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
56
45
Average Sold/OLP
Average Sold/OLP
96.2%
97.2%
25
METRO AREA SNAPSHOTS
PRINCES GEORGE’S COUNTY, MD | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
332
638
New Pendings
New Pendings
348
669
Closed Sales
Closed Sales
244
504
Median Sold Price
Median Sold Price
$117,583
$226,663
Active Listings*
Active Listings*
196
308
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
44
41
Average Sold/OLP
Average Sold/OLP
96.5%
98.0%
26
METRO AREA SNAPSHOTS BALTIMORE, MD | Q4 2016
Condo & Coop
Attached / Townhouse
New Listings
New Listings
171
2,028
New Pendings
New Pendings
124
1,753
Closed Sales
Closed Sales
125
1,452
Median Sold Price
Median Sold Price
$193,000
$119,333
Active Listings*
Active Listings*
267
2206
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
69
74
Average Sold/OLP
Average Sold/OLP
92.6%
93.6%
27
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