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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the smallest and largest homes sold last month (January 2024).

Largest homes sold

  1. 7686 Ballestrade Ct — McLean — $4,150,000 (6 beds | 8 baths | 11,445 sq. ft.)
  2. 8295 Alvord St — Greenway Heights — $3,500,000 (5 beds | 9 baths | 10,000 sq. ft.)
  3. 1849 Massachusetts Ave — McLean — $4,969,859 (7 beds | 9 baths | 9,637 sq. ft.)

Smallest homes sold*

  1. 1002 Hillcrest Dr SW — Vienna — $2,199,000 (5 beds | 4.5 baths | 5,503 sq. ft.)
  2. 4013 Laurel Rd — Mount Vernon — $1,330,000 (5 beds | 4.5 baths | 5,503 sq. ft.)
  3. 920 Darton Dr — Fort Hunt — $1,625,000 (6 beds | 6.5 baths | 5,560 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the most and least expensive townhouses sold last month (January 2024).

Most expensive townhouses sold

  1. 7593 Sawyer Farm Way — Tysons Corner — $1,199,950 (3 beds | 2.5 baths | 2,763 sq. ft.)
  2. 8702 Esquire Crossing Ln — Merrifield — $1,175,000 (4 beds | 4.5 baths | 4,500 sq. ft.)
  3. 227 Locust St SE Unit 4 — Vienna — $1,145,000 (4 beds | 4.5 baths | 2,814 sq. ft.)

Least expensive townhouses sold*

  1. 8888 Walutes Cir Unit E — Mount Vernon — $269,000 (2 beds | 1 baths | 966 sq. ft.)
  2. 14471 Saint Germain Dr — Centre Ridge — $275,000 (2 beds | 1 baths | 1,054 sq. ft.)
  3. 4303 Pembrook Village Dr Unit 15 — Woodlawn — $290,000 (4 beds | 2 baths | 1,140 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the most and least expensive single-family homes sold last month (January 2024).

Most expensive single-family homes sold

  1. 906 Turkey Run Rd — McLean — $8,025,000 (5 beds | 8 baths | 6,298 sq. ft.)
  2. 1849 Massachusetts Ave — McLean — $4,969,859 (7 beds | 9 baths | 9,637 sq. ft.)
  3. 8104 E Boulevard Dr — Fort Hunt — $4,825,000 (6 beds | 7 baths | 7,637 sq. ft.)
  4. 7686 Ballestrade Ct — McLean — $4,150,000 (6 beds | 8 baths | 11,445 sq. ft.)
  5. 8295 Alvord St — Greenway Heights — $3,500,000 (5 beds | 9 baths | 10,000 sq. ft.)

Least expensive single-family homes sold*

  1. 2264 Cocquina Dr — Reston — $410,000 (5 beds | 3 baths | 996 sq. ft.)
  2. 3907 Elmwood Dr — Rose Hill — $465,000 (4 beds | 2 baths | 1,576 sq. ft.)
  3. 14713 Crenshaw Dr — Chalet Woods — $500,000 (4 beds | 2 baths | 1,273 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the smallest and largest homes sold last month (December 2023).

Largest homes sold

  1. 6832 Georgetown Pike — McLean — $4,000,001 (10 beds | 13 baths | 15,000 sq. ft.)
  2. 855 Nicholas Run Dr — Turner Farm — $2,687,500 (7 beds | 9 baths | 12,846 sq. ft.)
  3. 4006 Belle Rive Terrace — Mount Vernon — $1,925,000 (6 beds | 5.5 baths | 10,508 sq. ft.)

Smallest homes sold*

  1. 865 3rd St — Herndon — $1,150,000 (5 beds | 4.5 baths | 5,237 sq. ft.)
  2. 103 Elmar Dr SW — Vienna — $2,150,000 (5 beds | 6 baths | 5,286 sq. ft.)
  3. 800 Leigh Mill Rd — Great Falls — $2,550,000 (6 beds | 6 baths | 5,296 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the most and least expensive townhouses sold last month (December 2023).

Most expensive townhouses sold

  1. 1554 Red Twig Ln — McLean — $1,285,000 (3 beds | 4.5 baths | 2,454 sq. ft.)
  2. 1512 Hampton Hill Cir — McLean — $1,275,000 (3 beds | 3.5 baths | 3,021 sq. ft.)
  3. 6602 Madison Mclean Dr — McLean — $1,200,000 (4 beds | 4.5 baths | 3,264 sq. ft.)

Least expensive townhouses sold*

  1. 2607 Wagon Dr Unit 357 — Huntington — $200,000 (2 beds | 1.5 baths | 1,148 sq. ft.)
  2. 3813 Segundo Place Unit D — Mount Vernon — $275,000 (2 beds | 1.5 baths | 1,1000 sq. ft.)
  3. 8646 Village Square Dr Unit 13 — Mount Vernon — $277,500 (2 beds | 1.5 baths | 950 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the most and least expensive condos sold last month (December 2023).

Most expensive condos sold

  1. 7887 Jones Branch Dr Unit 705 — Tysons Corner — $1,720,000 (2 beds | 2 baths | 1,870 sq. ft.)
  2. 7887 Jones Branch Dr Unit 601 — Tysons Corner — $1,575,000 (2 beds | 2.5 baths | 1,740 sq. ft.)
  3. 11776 Stratford House Place Unit 1409 — Lake Anne — $1,212,500 (2 beds | 2.5 baths | 2,330 sq. ft.)
  4. 1800 Old Meadow Rd Unit 1707 & 1703 — Tysons Corner — $925,000 (3 beds | 4 baths | 3,604 sq. ft.)
  5. 11990 Market St Unit 717 — Reston Town Center — $868,000 (3 beds | 2 baths | 1,619 sq. ft.)

Least expensive condos sold*

  1. 3865 El Camino Place Unit 5 — Mount Vernon — $200,000 (1 beds | 1.5 baths | 870 sq. ft.)
  2. 2602 Indian Dr Unit 71 — Huntington — $200,000 (2 beds | 1 baths | 950 sq. ft.)
  3. 6431 Richmond Hwy Unit 301 — Belle Haven — $206,000 (2 beds | 1 baths | 863 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the most and least expensive single-family homes sold last month (December 2023).

Most expensive single-family homes sold

  1. 6029 Orris St — McLean — $4,350,000 (4 beds | 4.5 baths | 7,053 sq. ft.)
  2. 6832 Georgetown Pike — McLean — $4,000,001 (10 beds | 13 baths | 15,000 sq. ft.)
  3. 701 Gouldman Ln — Great Falls — $3,800,000 (5 beds | 9 baths | 10,415 sq. ft.)
  4. 1208 Riley Preserve Ct — Greenway Heights — $3,783,697 (6 beds | 8 baths | — sq. ft.)
  5. 548 Innsbruck Ave — Great Falls — $3,500,000 (5 beds | 6 baths | 6,669 sq. ft.)

Least expensive single-family homes sold*

  1. 3119 Graydon St — West Falls Church — $481,500 (4 beds | 2 baths | 1,353 sq. ft.)
  2. 3406 Luttrell Rd — Annandale — $500,000 (2 beds | 2 baths | 1,656 sq. ft.)
  3. 2722 School St — Virginia Hills — $515,000 (3 beds | 1 baths | 2,221 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the smallest and largest homes sold last month (November 2023).

Largest homes sold

  1. 6455 Kedleston Ct — McLean — $6,800,000 (6 beds | 9 baths | 13,450 sq. ft.)
  2. 1350 Woodside Dr — Greenway Heights — $3,300,000 (6 beds | 8 baths | 12,165 sq. ft.)
  3. 207 Deepwoods Dr — Great Falls — $4,200,000 (7 beds | 8.5 baths | 10,125 sq. ft.)

Smallest homes sold*

  1. 9421 Ferry Landing Ct — Mount Vernon — $1,810,000 (5 beds | 5.5 baths | 5,354 sq. ft.)
  2. 12624 Wycklow Dr — Clifton — $1,550,000 (6 beds | 4.5 baths | 5,364 sq. ft.)
  3. 3407 Franklin Manor Ct — Oak Hill – $1,175,000 (5 beds | 4.5 baths | 5,370 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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A miniature house with a key (via Tierra Mallorca on Unsplash)

Home sales in Northern Virginia declined 9.8% in November from the same month in 2022, but were up 12.5% from October, according to new data from the Northern Virginia Association of Realtors.

The year-over-year decline continued a trend that has been ongoing since the middle of 2022 although it was not as much as in some prior months. And prices rose 5.7% from November 2022, NVAR reported.

“November data show that the market continues to adjust in this post-COVID time, and we haven’t quite found a new normal. We do know that housing inventory remains limited which drives down home sales. That in turn drives up demand for those limited homes to choose from, which leads to higher home prices,” said Casey Menish of Pearson Smith Realty and an NVAR board member. “I am optimistic that as mortgage rates fall, we will see more people ready to sell their homes, and more buyers ready to pick up their home searches where they left them.”

The months’ supply of inventory in November was 1.05, up just slightly (0.3%) from November 2022 but down from October’s 1.23 months. The average days on the market in November was 20, down significantly (23.1%) from the prior year but a little higher than October’s 17 days.

Homebuyers continued to have few options and that meant higher prices. The median sold price for a home in November was $656,500. That’s up almost 22% from the pre-pandemic November 2019 median sold price of $538,250.

NVAR’s newly released 2024 economic housing forecast, produced in conjunction with George Mason University’s Center for Regional Analysis, indicated that the residential and commercial real estate markets have not yet reached a post-pandemic normal. The forecast reported a possible downturn despite the economy attracting regional workers and creating jobs. As such, overall sales activity is expected to decline in 2024.

Another COVID outcome cited in the forecast is an increase in intraregional migration patterns — especially to distant suburbs — spurred by more work-from-home options.

“We expect home values to continue to increase due to historic low housing inventories across the region,” said Ryan McLaughlin, CEO of NVAR. “But we remain hopeful that recent spikes in mortgage rates will moderate and stabilize and help create ownership opportunities.”

The Northern Virginia Association of Realtors data include home sales in Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton. Here are highlights from the November report:

  • Closed sales: 1,054, down 9.8% from November 2022 and also down from November 2019’s 1,430 closed sales.
  • Average sold price: $780,193, up 9.2% from November 2022.
  • Active listings: 1,407, down 23.9% from November 2022.
  • Pending sales: 996, down 19% from November 2022.

Photo via Tierra Mallorca on Unsplash. This article was written by FFXnow’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today.

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Here in Fairfax County, real estate is a spectator sport. Let’s take a look at some of the most and least expensive townhouses sold last month (November 2023).

Most expensive townhouses sold

  1. 7240 Evans Mill Rd — McLean — $1,400,000 (4 beds | 3.5 baths | 3,193 sq. ft.)
  2. 6622 Madison Mclean Dr — McLean — $1,200,000 (3 beds | 3.5 baths | 3,190 sq. ft.)
  3. 3158 Goldenwave Ct — Merrifield — $1,050,000 (4 beds | 3.5 baths | 2,956 sq. ft.)

Least expensive townhouses sold*

  1. 9586 Hagel Cir Unit C — Lorton — $240,000 (2 beds | 1 baths | 966 sq. ft.)
  2. 7980 Silverada Place Unit C — Woodlawn-Mt Vernon — $270,000 (2 beds | 1 baths | 1,100 sq. ft.)
  3. 3865 Manzanita Place Unit B — Mount Vernon — $299,900 (3 beds | 2.5 baths | 1,300 sq. ft.)

*Minimum home value of $200,000 set to exclude certain land sales, retirement condos, properties with expiring ground leases, etc.

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