Clifton, Fairfax County – Northern Virginia Home Sales Activity Q3 2018

Clifton, VA – Dec. 1, 2018 –  Home sales in the Clifton 20124 sub-market of Northern Virginia have shown signs of moderating the recent brisk selling pace. In Q3 2018, 53 homes sold compared to 63 homes during the same quarter in 2017. The average sold price during Q3 2018 was $646,566 compared to $674,063 the previous year – a decrease of 4.08%.

Clifton is just one of 600+ sub-markets across the Northern Virginia housing market. Other sub-markets include The Ridges of Glendilough in Fairfax, Singleton’s Grove in Centreville, the Broadlands in Ashburn, and Stonegate in the City of Alexandria just to name a few. Each sub-market has its own unique selling characteristics and statistics that feed into the greater Northern Virginia market. The Clifton average selling price declined 4.08% compared to the 3.22% average price increase seen in the overall Northern Virginia region. However, the Clifton sub-market continued to flex seller strength through an almost two full points improvement in the ratio of Average Sold Price to Average List Price – sellers received almost 98% of list price. Average days on market (DOM), which measures the speed to a contract, was largely unchanged in 2018 at 48 days.

The table below illustrates the specific activity experienced in the Clifton 20124 sub-market – Q3 2018 as compared to Q3 2017.

Activity (Clifton)

CliftonAH2

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