Haymarket-20169- CONDO Market Trends - Buy - Sell - Build - Invest with Confidence

Haymarket-20169- CONDO Market Trends

20169 - Haymarket VA
Condo Market Trends

*** These charts AUTOMATICALLY  UPDATE EACH MONTH *** 

Mark this page for the most current market trends for
 HAYMARKET VA Condominiums

Check out our AUTO UPDATING CHARTS below for more current info or Request a FREE Report

Welcome to our “HAYMARKET VIRGINIA ” market Statistics page. We hope you find these graphs and charts informative as you look for pricing and marketing trends in Haymarket Virginia. If you are comparing other neighborhoods or need additional/different information, please feel free to live chat with us or call us anytime.
We can also provide detailed reports based on clients needs and the purpose (Buy, Sell, Invest) of analysis. We can also provide rental information! 
Some of our reports include additional information such as: 
- Type of Transactions and how many sold per year - Example: how many Foreclosures, Short Sales, Regular Sales etc.
- Monthly Market trends 
- Per Property Type Sales, Median and Avg Actual Prices, Days on the Market etc. 
- Per Neighborhood Statistics
- And ALL the details down to address level!  These are custom reports that are provided for our customers.  

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Information

IF YOU ARE A SELLER

If you are a seller – this information will give you a starting point, just like real estate agents, appraisals, we all start with numbers of what has happened. Then we go into detail of each "Comparable" property and add & subtract key information such as upgrades, updates, additions, condition etc.

We provided this information for you so you can have a starting point and if you would like additional information and you are not working with an agent, please let us know.

We love helping our neighbors and clients. Remember that with any property, there are multiple factors that come into place when finalizing pricing as well as the "Sale-ability" of your home. We can help you maximize the value of your property! 

IF YOU ARE A BUYER

If you are a buyer – these charts will provide you with good guideline on pricing trends. You will need to keep in mind that these are just numbers and does not show the updates, upgrades, floorplans, views etc that will make a difference in pricing. In condos, parking and garage spaces can make a big difference which is not shown in these numbers. So keep this as a baseline and understand the basic "TRENDS" and prices for your desired area. Once you outline your desires, areas, and budget, give us a call. We have properties not on the market yet, coming soon properties that may be up to 21 days ahead.As well as other sellers we communicate with. If you would like to compare different neighborhoods or just understanding of area - and you are not working with an agent– give us a call.  We love helping new buyers. 

Also take a look at our other Market Trend Videos and get educated along the process. If you are looking to buy in Haymarket or Northern VA and you are not working with an agent – we have great resources, different lender programs you may not be aware of, grants & assistance programs, vendor & service providers as well as checklists, videos, guides and money saving tips! Please leave a feedback if you enjoy our information or if we can provide you with additional information!

What is Selling in
Haymarket VA Condos

Sales Trends and What They Mean...

CLOSED sales= SOLDS 
From this chart you can see how many transactions or sales happened per month. In some cases you will see seasonal trends. In other cases you may see the # of units increasing or declining. That is a good time to find out why. 

This has been broken down by Property Type - so yo will see Single Family Homes ( Detached Homes) as well as Attached Homes such as Townhomes/Villas. 

You will see # of homes sold per property type.


Pricing Trends -Median Sold Price 

Pricing Trends -Average Sold Price 

What is Median Sales Price?

The Median Sold Price (Sales) – For all closed sales in the period, the middle closed price in the series, where half the sales are of lower value and half are of higher value. We use median vs Average to get a better gauge.

Median - Median is the middle value of the dataset.  The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold.  The Median Sales Price is the Sales Price at which half of all sales are above and half are the sales are below. When you have outliers in the underlying data, using the median is often more reflective of the “true” trend. The average is reflective of the data if the data set is fairly homogenous. For example, the average price is less likely to be skewed by outliers if you filter the chart for a particular square foot range.

The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold. This does not provide the best valuation so we use median sold price instead. But we have provided it here for reference. 

If you would like to see the ACTUAL Avg Sales Prices - Request a custom report to get a more accurate understanding 


Median Price/Sqft For Condos

Average Price/Sqft For Condos

What does Price/sqft mean?

Some people like to look at Avg Price/Sqft. This is not a very good statistic for Single Family Homes or Attached homes as various factors are not taken into consideration but it is used for condos. 

When looking to buy a condo a lot of people will look at Average or Median Price per square foot to get an idea of average price per sqft for a condo unit. Keep in mind that each condo may have different updates, upgrades finishes, or other benefits like extra garage spaces, storage unit, different layouts etc.

Keep in mind these are just numbers and they only show 1 side of the data! There is a lot more that goes into analysis than just numbers but it is a starting area!  

 Median Sold $/SqFt (Sales) -  For all closed sales in the period, the middle sold price-per-square-foot in the series, where half the properties closed with a lower price-per-square-foot value and half closed with a higher price-per-square-foot value.Median - Median is the middle value of the dataset. 

Average Sold $/SqFt – The average gross price-per-square-foot for homes that closed during that period. 


Median SOLD price vs Original Listing Price Ratio 

Average SOLD price vs Original Listing Price Ratio 

What does this Ratio Mean?

Original List Price - Original list price is the initial price the listing was put on the market at.  While a price can be reduced over the time a property is for sale, the original list price is used in this calculation to compare to the Final SOLD price - which is the final price - and does Not include subsidy! 
At 100% - Sellers got the price they listed the home for. Anything below that shows that they didn't get the originally listed price. So if you see 90% for a 500K originally listed price - it means the Sellers got 90% of $500K or $450K.

Median List Price:  For all closed sales in the period, the middle closed price in the series, where half the sales are of lower value and half are of higher value

Avg Sales Price to Original List Price - Original list price is the initial price the listing was put on the market at.  While a price can be reduced over the time a property is for sale, the original list price is used in this calculation to compare to the Final SOLD price - which is the final price - and does Not include subsidy! 

In this case, Average sales price is calculated.
At 100% - Sellers got the price they listed the home for. Anything below that shows that they didn't get the originally listed price. So if you see 90% for a 500K originally listed price - it means the Sellers got 90% of $500K or $450K.


Median "Days on Market" for Condos

Average "Days on Market" for Condos

What does Days on Market mean? 

Days on Market:  Calculation based upon the number of days a property is listed before receiving a contract. It is calculated based upon the property and accumulates between listings. It is the total number of days from the date when a property first comes on the market (list date) to the time is taken off the market due to a sale (contract date) or off market condition (off market date). 

Basically how long did it take to sell!

Average vs Median Days on Market:  Notice the differences between median and Average calculations. 

Basically how long did it take to sell!


Avg "Days Contract to Settlement" in
Haymarket For Condos

What does Days Contract to Settlement Mean?

Average Contract to Settle - For homes that sold in a given period, the average number of days between the contract date and settlement date.

If you are wondering how long after you sell your property, you will be able to settle. This chart will give you a good Average # of days between getting a contract ratified and when the property finally closes and you can receive the keys or the money for your new home.  


Months of Supply for
Haymarket - Condos

What does Months of Supply Mean & why should I care?

Months of Supply (also known as "Months Supply of Inventory") tells you how many months it would take for all the current homes for sale on the market to sell, given the sales rate for that market.
 4 to 6 Months is generally considered a balanced market; less than 4 months a sellers' market as there are more buyers than homes available; more than 6 months can be considered a buyers' market as there are more homes for sale than buyers to purchase them.  


Other Stats that Auto Update - Are Also Available for HAYMARKET VA 

We have other stats we can provide you on this neighborhood or others. Here are the details of information we can provide, give us a call if you'd like more data!

Supply and Demand
Months of Supply
Contract Ratio
Absorption Rate (New Pendings)
Absorption Rate (Closed Sales)
New Pending to New Listing Ratio
Seller Success Rate
Market Activity
Number of Sales
Number of New Pendings
Number of All Pendings (end-of-period)
Number of New Listings
Number of Active Listings (end-of-period)

Pricing Trends
Median Sale Price
Average Sale Price
Median List Price for Sales
Average List Price for Sales
Median List Price New Pendings
Average List Price for New Pendings
Median List Price for New Listings
Average List Price for New Listings
Median List Price for Active Listings (end-of-period)
Average List Price for Active Listings (end-of-period)

$ per Square Foot
Median Sold $/sqft
Median List $/sqft (Sales)
Median List $/sqft (New Pendings)
Median List $/sqft (All Pendings)
Median List $/sqft (New Listings)
Median List $/sqft (Active Listings)
Average Sold $/sqft
Average List $/sqft (Sales)
Avg List $/sqft  (New Pendings)
Avg List $/sqft (All Pendings)
Avg List $/sqft (New Listings)
Avg List $/sqft (Active Listings)

Pricing Ratios
Median Sales Price to Original List Price Ratio
Average Sales Price to Original List Price Ratio
Median Sales Price to List Price Ratio
Average Sales Price to List Price Ratio
Days on Market
Median Days on Market
Median Contract to Settle
Median Days to Settle
Average Days on Market
Average Contract to Settle
Average Days to Settle


Are you looking to Buy, Sell or Invest in Dominion Valley Country Club?

If you are looking to Buy, Sell or Invest in Haymarket, you are in the right place. Check out our offers and contact us to see how we can help you save when buying, selling or investing in  Haymarket VA. 

BUY

If you are ready for the condo lifestyle, give us a call. We provide expert guidance and information to help you find the best fit for your needs and desires. We know how to value condos and potential updates & upgrades. We will educate you on your Investment so you will know what to expect.
You will see our Condo Checklist, Condo guide & Training videos that will educate you through the Condo buying process every step of the way, while we negotiate the best deal for you!
 

SELL

If you are looking to sell your condo, check out how we Pre-Market to create & gauge demand. How our Marketing Checklist and Walk-through, Staging Consultation can help you Maximize your investment While our Leading Edge Marketing, complete with 3D, 360 Videos, Property Page, Direct Mail, Social Media Reach as well as featured listing status on Zillow, Realtor and other sites to ensure you get the BEST Exposure, and Best Pricing Possible. All with our Guarantee!

INVEST

If you are looking to invest, you are looking for specific data and trends. We have special reports we generate for the Investors who are looking to work with us.

Our Analysis, complete with market trends, estimated value increases and more, can help you make better decisions on what type of properties to invest in and how must return you can expect as well as estimated vacancy rates and more. Ask us about our Investor Program and our special Investor Reports.

SAVE!

We Match or Beat any commission structure. If this is the case, please provide us with the details of the offers & services so we can match.

When working with experts there are savings that are tangible and intangible. We are Proud to be able to offer the $5,000 Savings or $500 Back on closing costs Guarantee! (** Your lender must approve)
We also provide "Loyalty Program" where you can receive additional $$$ - Ask us about it to save Even MORE...

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