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Saturday, September 17, 2011

Annandale real estate market slow in August

According to statistics provided by our real estate contributor, Vivianne Couts of Coldwell Banker, the real estate market in Annandale doesn’t seem to be doing that well compared to a year ago.

A comparison of August 2011 and August 2010 shows the number of units sold is down about 13 percent, the dollar volume of homes is down 4.6 percent, and the number of detached units is down 23 percent. On the other hand, the average price of detached homes is up 12 percent, and the average price of all homes sold is up 4 percent.

Here are the real estate statistics for August 2011 for Annandale (defined as zip code 22003). The numbers in parentheses are the stats for August 2010.
  • Number of homes sold: 53 (61).
  • Average price of homes sold: $388,750 ($384,439)
  • Median price of homes sold: $355,000 ($380,000)
  • Dollar volume of homes sold: $21,186,765  ($23,450,201)
  • Average days on the market: 47 (33)
  • Number of active listings: 151 (168)
Among the homes sold in Annandale last month, two were in the $1 million to $2.5 million range, and one was in the $800,000 to $1 million range.

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