Fairfax County Real Estate Market — Most Popular in Northern Virginia

Published by nora | Filed under Buyer / Seller Tips, Finance, Real Estate

The biggest home sales volume in Northern Virginia in December was achieved by the Fairfax County real estate market, based on data from the Northern Virginia Association of Realtors (NVAR).

Both in terms of total units sold and total dollars received, Fairfax County had the best sales performance among markets in Northern Virginia and in the entire Mid-Atlantic Region.

A total of 907 Fairfax County housing units were sold in December, representing 41.8 percent or close to one-half of total home sales in Northern Virginia. The dollar sales total was $413,963, representing 46.9 percent of the total dollar sales in the region.

The following table shows how the ten markets in Northern Virginia performed in December 2011.

County / City	Units Sold	Total Dollar Sales
Fairfax County	907	$413,963,561
Prince William County	435	$118,127,919
Loudoun County	362	$145,428,435
Arlington County	169	$89,805,314
Alexandria City	139	$64,269,840
Fauquier County	63	$21,300,145
Manassas City	37	$6,787,171
Manassas Park City	24	$4,373,500
Falls City	20	$9,207,021
Falls Church City	16	$9,345,100
Northern Virginia	2,172	$882,608,006

The median sales price in Fairfax County was $347,950 and the average sales price was $406,357, also the highest sales prices in the ten-market region.

Here are the median and average sales prices in the region in December 2011:

County/City	Median Sales Price	Average Sales Price
Falls Church City	$529,450	$584,069
Arlington County	$475,000	$531,392
Falls City	$427,500	$460,351
Alexandria City	$440,000	$462,373
Fairfax County	$387,000	$456,410
Loudoun County	$364,500	$401,736
Northern Virginia	$347,950	$406,357
Fauquier County	$250,000	$338,098
Prince William County	$238,000	$271,558
Manassas Park City	$155,000	$182,229
Manassas City	$132,500	$183,437
Mid-Atlantic Region	$250,000	$320,015

In the entire Mid-Atlantic Region, the Fairfax County real estate market also had the best sales performance in December 2011. It surpassed the second- and third-ranking markets by at least 27.2 percent. Montgomery County sold 713 units while Prince George’s sold 701 units. Fellow Northern Virginia markets — Prince William, Loudoun, Arlington and Alexandria City – ranked sixth, ninth and 12th, respectively, in total sales in the Mid-Atlantic Region.

Northern Virginia markets also posted the highest median sales prices in December. Falls Church City posted the highest median sold price in the entire Mid-Atlantic Region, which was $529,450. Following were Arlington, with $475,000; Alexandria City, with $440,000; and Fairfax City, with $427,500. Washington, D.C. was fifth, with $414,000.

View Fairfax County real estate properties.