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Fairfax VA Average Home Sales Price Continues to Decline - June 2009

By
Real Estate Agent with Maximum One Executive REALTORS® 165062

Fairfax VA Real Estate Report - June Home Sales in Fairfax Virginia See a Average Home Sales Prices Drop of -23% Compared to Same Sale Period June 2006.  Fairfax VA Homes Price Average of Home Sale  Price Trend is Moving Lower in this Fairfax Virginia Real Estate Market Report.   

This 5 year comparison of average Fairfax VA homes sales price chart based on MRIS Data* was created to allow better comprehension of Fairfax VA Homes sales price trends. The Fairfax Real Estate market has changed and we all need to know what is occurring. 

Fairfax's average price of sold homes in June - compared to 2007 when the Average sold price in June was $574,939.  In June of 2009 the Average Sold price for homes in Fairfax VA was $443,7146  a 23% drop in the average sales price as compared to June 2007.  Sellers must also keep in mind that to get he deal done there are more concessions on the seller side due to buyer incentives offered to move the home sales forward.

Real Estate Trend Indicator - <$100K to >$5M Format

Fairfax VA Home Sales Prices Decline

Charlie Burleson
Beech Mountain Realty and Rentals - Beech Mountain, NC

I feel for you, any decline is terrible.  I am running my numbers to find out my percentage of loss and I dread seeing that final number.

Aug 02, 2009 02:01 AM
Ellen Crawford
Maximum One Executive REALTORS® - Alpharetta, GA
Alpharetta Real Estate Agents & Alpharetta REALTOR

Charlie Burleson (Beech Mountain Realty and Rentals)  One good thing? I believe we have hit bottom here and are moving in the opposite direction.  Perhaps it is all the Federal monies being spent.

Aug 05, 2009 12:25 PM