Luxury Homes
Over the last 14 days, buyers are not active — a tension worth watching given this advance toward Neutral.
Market Update: Virginia Run*'s luxury inventory has doubled with zero current contracts and no recent buyer activity — an unusual combination worth monitoring closely despite the market's advance toward Neutral territory. Last 14 days, buyer activity is quiet. This week is not a good time for sellers to bring homes on the market.
Virginia Run* Luxury Market
|
Current Market 30 Day Inv100%
30 Day Sales0%
%UC57% (Neutral)
14 Day Absorption Rate0%
|
Year to Date YTD Inv200%
YTD Sales175%
Success Rate61%
YTD Prices0%
|
A 61% success rate shows solid conversion even as inventory and sales both surged dramatically this year.
Year to Date News: A 61% success rate shows solid conversion even though both inventory and sales have surged dramatically this year — a genuinely explosive year for Virginia Run*'s luxury segment.
| Rank | Market | 30D Inv | 30D Sales | %UC | 14D Absorption | Control |
|---|---|---|---|---|---|---|
| 1 | Virginia Run* | 100% | 0% | 57% | 0% | Neutral |
| 2 | Reston | 33% | 100% | 50% | 33% | Neutral |
| 3 | Oakton | -75% | 0% | 37% | 14% | Buyer's |
| 4 | Centreville | -20% | -83% | 30% | 0% | Buyer's |
| 5 | McLean | 24% | -24% | 27% | 16% | Buyer's |
| 6 | Fairfax | 40% | -20% | 24% | 0% | Buyer's |
| 7 | Vienna | 5% | 29% | 23% | 24% | Buyer's |
| — | Averages | 1% | 0% | 32% | 15% | Buyer's |
| Rank | Market | YTD Inv | YTD Sales | Success | YTD Prices |
|---|---|---|---|---|---|
| 1 | Reston | 33% | 100% | 83% | 8% |
| 2 | Oakton | -4% | 0% | 75% | 16% |
| 3 | Vienna | -8% | -9% | 66% | 5% |
| 4 | McLean | -5% | 20% | 65% | 0% |
| 5 | Virginia Run* | 200% | 175% | 61% | 0% |
| 6 | Fairfax | 3% | 15% | 57% | — |
| 7 | Centreville | 41% | 0% | 56% | 10% |
| — | Averages | 10% | 21% | 67% | 4% |