JUNE 2007 MARKET REPORT FOR FAIRFAX COUNTY, VIRGINIA
HOT OFF THE PRESS FOR FAIRFAX COUNTY, VIRGINIA. June statistics are showing few changes in the downward trend for pricing and an upward trend for "days on the market". Homes ARE selling, just selling very slowly. Price is the #1 barrier to sale although the slow increase has further reduced the number of eligible buyers.
SOLD FAIRFAX COUNTY JUNE 2007
751 Detached Homes SOLD June 2007 - Average List Price SOLD $759,005
427 Town Homes and Condos SOLD June 2007 - Average List Price SOLD $461,980
Prices for SOLD homes in Fairfax County increased by an average 3% May to June 2007.
The lowest list price for all homes SOLD in Fairfax County in June 2007 was about $157,900
The highest list price for all homes SOLD in Fairfax County in June 2007 was about $3,250,000
The AVERAGE list price for all homes SOLD in Fairfax County in June 2007 was about $591,331
Homes like the ones shown left in Centreville are typical of a 12 year old home in the $760,000 range.
These homes are constructed with 4 bedrooms, 2 full baths, powder room, full basement, 2 car garage.
Most homes constructed within the past 12 years will offer 9 foot ceilings on the main level, islands in the kitchen, hard wood in the foyer.
This home is typical of homes constructed in the 21st Century in Fairfax County in average price ranges. 
The cost of buildable lots in Fairfax County mandates high density development. The homes offer the
same average square feet as new homes in earlier years, 2000-3000 square feet plus a finished or unfinished basement and 2 car garage. However, the lots are smaller and the garagesare usually in the back of the lot. Distance between the homes is usually no more than 15 feet.
Small dense development enables qualified home buyers to enjoy the beauty and style of new homes. Since the lot cost is upwards of 30% of the cost of a new home, small lot development permits a sufficient number of homes to permit community amenities such as swimming pools, tennis courts, trails, community centers making the communities very popular with families with children.
TOWN HOMES IN THE $460,000 RANGE with a one car garage. 
These town homes are popular throughout the
county and a good alternative to the higher priced detached homes.
Living Room, Dining Room, Kitchen, deck ont he main level.
Upper level has 3 bedrooms, 2 full baths. Lower
level has a one car garage, recreation room, level walk-out to fenced back yard.
SEARCH LISTINGS FAIRFAX COUNTY VIRGINIA
Courtesy: Homefinders.com
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