I understand that you are bombarded with August’s real estate sales data, but I always like to keep it simple, and the Vienna home market in the 22182 zip code was actually pretty flat versus 2008… which may be good news to some of you.
But, if you are a seller with a home priced over $800,000 then you are still searching for a needle in a haystack. I just looked over real estate resale data from MRIS of the Vienna zip codes ( 22180 and 22182) for the month of August, and there wasn’t a gain in either area.
But please know that this information is reported from MRIS which is not guaranteed to be 100% accurate but should be considered pretty darn close.
Keep in mind, mortgage rates were super-low in August. Still, the numbers were flat!
Numbers for 22182:
- Total Units Sold in August 2009, 30 vs. 31 in 2008 (down 0.57%)
- Average Sold Price in August 2009, $753,718 vs. $733,616 in 2008 (up 2.74%)
- In the $500,000 to $599,999 range, 6 sold with 19 active listings
- In the $600,000 to $699,999 range, 8 sold with 19 active listings
- In the $700,000 to $799,999 range, 8 sold with17 active listings
- In the $800,000 to $999,999 range, 3 sold with 17 active listings
- In the $1,000,000 to $2,499,999 range, 4 sold with 55 active listings
- Average days on market in August 2009 was 74 vs. 68 in 2008
- The average sold price in July 2009 was 94.59% of the average list price
The statistics for the Town of Vienna, 22180, show a similar trend.
Numbers for 22180:
- Total Units Sold in August 2009, 27 vs. 27 in 2008 (0.00%)
- Average Sold Price in August 2009, $528,583 vs. $601,283 in 2008 (down 12.09%)
- In the $400,000 to $449,999 range, 8 sold with 8 active listings
- In the $450,000 to $499,999 range, 3 sold with 7 active listings
- In the $500,000 to $599,999 range, 7 sold with 21 active listings
- In the $600,000 to $799,999 range, 2 sold with 4 active listings
- In the $800,000 to $899,999 range, 1 sold with 2 active listings
- In the $1,000,000 to $2,499,999 range, 2 sold of 30 active listings
- Average days on market in August 2009 was 93 vs. 52 in 2008 (up 78.85%)
- The average sold price in July 2009 was 96.51% of average list price
