DC, Montgomery and Fairfax County Home Prices

Last night at our Red Carpet Event we talked prices. In June and July, homes were generally selling between 96% and 97% of list, but there are some outliers. In Montgomery County, Germantown homes sold at 98.2% of their list price in June and July. In Fairfax County, Springfield prices held tough at 98% of list, while list prices in Great Falls were much softer, with sales going for 92.9% of list. The average price in Great Falls was much higher, at over $1.3 million, and it’s typical to see more price negotiation on expensive homes.

Our next home-buying class is on August 20th, and you can RSVP here. Slides from last night are here.

Full stats are below, and we even broke out home type in Northwest DC, just for fun.

Fairfax County Home Sales, June 1- Jul 27, 2008

City # Deals Final v. List Average Price
Alexandria 370 97.3% $417,840
Annandale 114 97.8% $380,832
Burke 121 98.3% $417,641
Centreville 171 98.2% $355,980
Chantilly 60 97.4% $380,923
Clifton 20 96.7% $605,195
Fairfax 251 97.3% $471,935
Fairfax Station 26 97.2% $803,123
Falls Church 170 97.1% $451,977
Great Falls 21 92.9% $1,300,095
Herndon 242 97.2% $353,687
Lorton 73 96.5% $425,168
Mclean 127 95.9% $1,108,685
Oak Hill 23 96.7% $698,065
Oakton 41 96.9% $679,861
Reston 160 97.4% $432,643
Springfield 265 98.0% $392,698
Vienna 153 97.0% $673,187

Montgomery County Home Sales, June 1- Jul 27, 2008

City # Deals Final v. List Average Price
Bethesda 192 97.4% $856,114
Boyds 14 98.5% $515,834
Brookeville 11 92.8% $753,773
Burtonsville 13 97.1% $314,662
Chevy Chase 53 96.5% $1,067,040
Clarksburg 23 97.7% $431,516
Damascus 15 97.5% $428,864
Derwood 13 95.9% $445,923
Gaithersburg 167 97.2% $380,022
Germantown 158 98.2% $338,095
Kensington 25 96.4% $544,941
Montgomery Village 42 97.8% $289,400
North Bethesda 10 97.3% $539,050
North Potomac 23 96.4% $635,978
Olney 36 97.3% $459,133
Poolesville 5 94.8% $1,103,680
Potomac 99 96.8% $1,155,437
Rockville 220 96.7% $522,156
Silver Spring 327 96.9% $391,311
Takoma Park 26 97.8% $477,735

District of Columbia Home Sales, June 1- Jul 27, 2008

Area # Deals Final v. List Average Price
Northwest DC 653 97.7% $654,738
Northeast DC 126 96.8% $381,235
Southwest DC 84 96.7% $429,979
Southeast DC 21 98.9% $298,457

Sales by Type, District of Columbia Northwest, June 1- Jul 27, 2008

Type # Deals Final v. List Average Price
Attach/Row Hse 128 97.0% $576,702
Detached 124 97.8% $1,218,205
Duplex 4 99.8% $596,500
Garden 1-4 Floors 100 98.5% $396,227
Hi-Rise 9+ Floors 88 97.0% $459,783
Mid-Rise 5-8 Floors 117 97.7% $480,774
Other 5 94.9% $285,800
Semi-Detached 49 98.1% $699,349
Townhouse 34 98.2% $797,134