MARKET REPORT FOR REAL ESTATE IN FAIRFAX COUNTY, VIRGINIA

HISTORY of FAIRFAX COUNTY, VIRGINIA
The history of Fairfax County cannot be separated from the history of our republic and the history of
George Washington and George Mason.  It was these men who led the American Patriots to freedom and
set the United States of America on a course of freedom for all citizens.  Fairfax County is a primary
destination of visitors from around the world to tour the relics of the Revolutionary War, the Civil War and
monuments to causes that are celebrated by Americans.  Originally owned by Lord Fairfax, over a 1,000
square miles of land was eventually divided into Loudoun County, Prince William County and Fairfax
County, a village of 300 persons was incorporated in 1890.  The history of Fairfax County cannot be
separated from the history of it's individual towns and cities, some of which are major locations for
the history of The United States, local commerce and national government. 

DULLES INTERNATIONAL AIRPORT
FAIRFAX COUNTY is very popular with home owners due to the location and proximity to:
DULLES International Airport, located just a short 10 minute drive from most areas of Fairfax County by way
of the Dulles Expressway (NO TOLL), open only to Dulles International vehicle travelers.  The Dulles International
Airport and the Dulles Business Corridor are major contributors to the affluence of Fairfax County residents. 

EXAMPLES OF HOMES IN FAIRFAX COUNTY, VA

                            
             Luxury Homes in McLean              Homes in Reston, Virginia           Town Homes in Fairfax
                   $3,500,000 Range                         $700,000 Range                     $500,000 Range
 
DEMOGRAPHICS OF FAIRFAX COUNTY VIRGINIA
Land Area - 395 Miles
Population - 1,006,529 - 2005 estimated
Population density - 2,548 per square mile
3.8% increase over 2000
High School Graduates - 90.7%
College Graduates - 55%
Average travel time to work - 30 minutes
Housing Units in County - 380,000
Average persons per household - 2.74

One out of approximately every 7.5 persons in the State of Virginia is a Fairfax County resident.
Fairfax County has the second highest county income in the country AFTER Loudoun County, Virginia
which is a neighboring county west of Fairfax.  Major towns in Fairfax County are Great Falls, McLean, Herndon, Reston, Oakton, Vienna, Fairfax City, Centreville, Clifton, Fairfax Station, Burke, Lorton and Mt. Vernon.  Waterfront homes in Fairfax County include this luxury estate homes along the Potomac River in Great Falls and McLean and homes along the Occoquan River. 

  MAP FAIRFAX COUNTY, VIRGINIA

INVENTORY OF REAL ESTATE IN FAIRFAX COUNTY - END DECEMBER 2006
PRICE RANGE - Under $500,000 - Homes Actively Listed for Sale - 409
Average Price - $467,779
Average Lot Size - 10,717 Square Feet = 1/4 Acre
Average Age - 42 Years
Average Bedrooms - 4
Average No. Baths - 2
Average Days on the Market - 121

PRICE RANGE - $501,000 to $1,000,000 - Homes Actively Listed for Sale - 1624
Average Price - $685,186
Average Lot Size - 17,303 Square Feet = 4/10 Acre
Average Age - 30 Years
Average Bedrooms - 4
Average No. Baths - 3
Average Days on the Market - 131

PRICE RANGE - $1,000,000 to $1,500,000 - Homes Actively Listed for Sale - 349
Average Price - $1,263,003
Average Lot Size - 59,193 Square Feet = 1.36 Acre
Average Age -  12 Years
Average Bedrooms - 5
Average No. Baths - 5
Average Days on the Market - 172

PRICE RANGE - $1,500,000 to $2,000,000 - Homes Actively Listed for Sale - 136
Average Price - $1,752,543
Average Lot Size - 63,384 Square Feet = 1.46 Acre
Average Age -  15 Years
Average Bedrooms - 5
Average No. Baths - 5
Average Days on the Market - 175

PRICE RANGE - $2,000,000 and above - Homes Actively Listed for Sale - 195
High Listing Price - 16,150,000
Average Price - $3,709,343
Average Lot Size -  Square Feet 113,879 = 2.61 Acre
Average Age - 13 Years
Average Bedrooms - 5
Average No. Baths - 7
Average Days on the Market - 226

EDUCATION IN FAIRFAX COUNTY, VA - Average SAT Scores for Fairfax County Students continue to lead the state with a combined SAT score in 2006 of 1108, Math - 563, Verbal - 545.  The State of Virginia average SAT Score was 1021 with an average Math Score of 512 and an average Verbal Score of 509.  Fairfax County Public Schools are one of the attractive features of this lovely and well located county in Virginia.

   Homefinders.com, Broker, Lenn Harley

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