Focus On: Clifton and Fairfax Station Housing Market

December 2014

Zip Code(s): 20124 and 22039

Units Sold

Active Inventory

Median Sale Price

Days On Market

29

96

$685,000

53

80

200

800,000

70

180

750,000

60

160

50

140

40

120

30

100

20

80

10

60

700,000
650,000

600,000
550,000
500,000

D-12 A-13 A-13 D-13 A-14 A-14 D-14

D-12 A-13 A-13 D-13 A-14 A-14 D-14

100
90
80
70
60
50
40
30
20
10

Down
Vs. Year Ago

D-12 A-13 A-13 D-13 A-14 A-14 D-14

Down -6%
Vs. Year Ago

D-12 A-13 A-13 D-13 A-14 A-14 D-14

Up 1%
Vs. Year Ago

Down -4%
Vs. Year Ago

Units Sold*
70

Sold Detached

Sold Attached

Sold Condo/ Coop

60

Units Sold
With relatively few transactions, there was an increase in
total units sold in December, with 29 sold this month in
Clifton and Fairfax Station. This month's total units sold was
lower than at this time last year, a decrease from December
2013.

50
40
30
20

10

Active Inventory*

0
250

Active Detached

Active Attached

Active Condo/ Coop

200

Active Inventory

150

Versus last year, the total number of homes available this

month is lower by 6 units or 6%. The total number of active
inventory this December was 96 compared to 102 in
December 2013. This month's total of 96 is lower than the
previous month's total supply of available inventory of 134, a
decrease of 28%.

100

Median Sale Price

800,000
600,000

Dec-13
$675,000

Dec-14
$685,000

400,000
200,000

50
0

Median Sale Price

Last December, the median sale price for Clifton and Fairfax
Station Homes was $675,000. This December, the median sale
price was $685,000, an increase of 1% or $10,000 compared to
last year. The current median sold price is 1% lower than in
November.
Median sale price is the middle sale price in a given month. The same number
of properties are above & below the median.

Clifton and Fairfax Station are defined as properties listed in zip code/s 20124 and 22039.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters
knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not
reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not
constitute an opinion of MRIS or Long & Foster Real Estate, Inc.

Focus On: Clifton and Fairfax Station Housing Market

December 2014

Zip Code(s): 20124 and 22039

New Listings

Current Contracts

Sold Vs. List Price

Months of Supply

18

24

97.8%

3.3

110

60

100%

10

90

50

99%

70

40

50

30

30

20

95%

10

10

94%

98%

97%

D-12 A-13 A-13 D-13 A-14 A-14 D-14

D-12 A-13 A-13 D-13 A-14 A-14 D-14

No Change
Vs. Year Ago

96%

2
0

D-12 A-13 A-13 D-13 A-14 A-14 D-14

Up 41%
Vs. Year Ago

Up 0.9%
Vs. Year Ago

D-12 A-13 A-13 D-13 A-14 A-14 D-14

Up 7%
Vs. Year Ago

Months Of Supply
8.9

8.3

3.3

4.8
2.7

4.4

4.7
4.1
5.5
3.9

3.1

Months of Supply
In December, there was 3.3 months of supply available in
Clifton and Fairfax Station, compared to 3.1 in December
2013. That is an increase of 7% versus a year ago.

7.0

7.2

8.1
4.9
5.3
2.4
2.2
3.1
3.2

3.1

2.9

5.1
4.4
3.0

10
9
8
7
6
5
4
3
2
1
0

Months of supply is calculated by dividing current inventory by current sales. It

indicates how many months would be needed to sell all of the inventory
available at the current rate of demand.

New Listings & Current Contracts

120

New Listings & Current Contracts

This month there were 18 homes newly listed for sale in
Clifton and Fairfax Station, which is similar to the amount in
December 2013. There were 24 current contracts pending sale
this December compared to 17 a year ago. The number of
current contracts is 41% higher than last December.

Number of New Listings

Total Pending

100
80
60
40
20
0

Sale Price/ List Price & DOM

100%
99%
99%
98%
98%
97%
97%
96%
96%
95%
95%

Avg Sale / Avg List

Average DOM

100
90
80
70
60
50
40
30
20
10
0

Sale Price to List Price Ratio

In December, the average sale price in Clifton and Fairfax
Station was 97.8% of the average list price, which is 0.9%
higher than at this time last year.

Days On Market
This month, the average number of days on market was 53,
lower than the average last year, which was 55, a decrease of
4%.

Clifton and Fairfax Station are defined as properties listed in zip code/s 20124 and 22039.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters
knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not
reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not
constitute an opinion of MRIS or Long & Foster Real Estate, Inc.