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The June Real Estate Market in Fort Hunt

Here’s the monthly real estate statistics for the Fort Hunt community.

Hello Fort Hunters. Hope you are enjoying a fabulous summer.

We are excited to share the June 2012 real estate numbers for zip code 22308 numbers with you.

As you can see from the chart below, the sold volume is up year over year and down month over month. Median and average sold prices are holding steady. 

Average days on market is 36 days, which means it took almost 50 percent less time to sell a house in June 2012 compared with June 2011. Average days on market are up significantly month over month, but last month (May) showed only 21 days on market.

Average sold to original list ratio is also holding steady and nice and high at close to 98 percent. This means that the average sold price was on average, 2.22 percent less than list price. Not bad at all!


Statistic

Values

Year over Year

Month over Month

Total Sold Dollar Volume

$11,920,900


16.88%


-23.21%


Closed Sales

21


16.67%


-22.22%


Median Sold Price

$550,000


-1.26%


-3.51%


Average Sold Price

$567,662


0.18%


-1.27%


Average Days on Market

36 days


-46.27%


71.43%


Average Sold to Original List Ratio

97.88%


-0.57%


0.26%


The chart below breaks out the numbers discussed above. There were nice strong numbers all around with average list prices, average sold price and units sold all appearing to being very steady year to year.


Sold Summary









Jun 2012

Jun 2011

% Change

Sold Dollar Volume

$11,920,900

$10,199,500

16.88%

Average Sold Price

$567,662

$566,639

0.18%

Median Sold Price

$550,000

$557,000

-1.26%

Units Sold

21

18

16.67%

Average Days on Market

36

67

-46.27%

Average List Price for Solds

$573,248

$571,083

0.38%

Average Sold Price to Original List Price Ratio

97.9%

98.4%

-0.57% 


Let’s take a look at our inventory year to year. We had 30 fewer active listings and seven fewer new listings in 2012 than 2011. Lesser inventory tends to favor sellers, while an abundance of inventory tends to favor buyers. We feel we are still a fairly balanced market as shown in the average sold price to original list price ratio.


Inventory












Jun 2012

Jun 2011

% Change

Active Listings

53

83

-36.14%

New Listings

31

38

-18.42%

New Under Contracts

5

2

150.00%

New Contingents

16

22

-27.27%

New Pendings

21

24

-12.50%

All Pendings

34

33

3.03% 


Lastly, a snapshot of June over the last five years is presented in the attached graphic.

It was a very solid month for us. How lucky are we to live in a part of the country and, in the Washington metropolitan area in particular, where home values remain so strong and constant! There are always exceptions to this rule, but we are in a pretty awesome place: not just our extraordinary community, but the quality of life which we enjoy. The solid real estate numbers are just a great bonus.

We hope you have the best summer ever and we will be back in touch with July numbers soon.

Let us hear from you with comments or questions.

Lyssa Seward Lseward@cbmove.com
Jane Cole Jcole@cbmove.com
Realtors with Coldwell Banker Residential Brokerage
Statistics provided by RBI.

Barry Meuse July 23, 2012 at 01:36 PM
Great info - the stats are positive but making the info available is of such value - thanks so much

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