Fair Lakes, Fairfax County – Northern Virginia – Home Sales Activity 2018

Fair Lakes, VA – Jan. 12, 2019 – Home sales in the Fair Lakes community continued a brisk pace in 2018. The average sold price during 2018 was $416,004 compared to $382,038 during the previous year – an increase of 8.89%.

Fair Lakes is just one of 600+ sub-markets within the greater Northern Virginia housing market. Other sub-markets include The Ridges at 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 overall Northern Virginia market. The Fair Lakes average sold price increase of 8.89% significantly outpaced the 2.93% average price increase seen in the overall Northern Virginia region. Fair Lakes continued to also flex seller strength with near full asking price received from buyers – 99.1% Average Sold Price to Average List Price Ratio. Fair Lakes has continually proven to be a highly desirable community for buyers given its attractive price points and well-planned development.

The table below illustrates the specific activity experienced in the Fair Lakes sub-market – 2018 as compared to 2017.

Fair Lakes 2018

Fair LakesAH1

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