The Ridges of Glendilough, Fairfax – Northern Virginia – Home Sales Activity 2018

Fairfax, VA – Jan. 12, 2019 –  Home sales in The Ridges of Glendilough subdivision continued a brisk pace in 2018. The average sold price during 2018 was $704,400 compared to $686,900 during the previous year – an increase of 3%.

The Ridges of Glendilough is just one of 600+ subdivisions across the Northern Virginia housing market. Other subdivisions include Singleton’s Grove in Centreville, the Broadlands in Ashburn, and Stonegate in the City of Alexandria just to name a few. Each subdivision has its own unique selling characteristics and sub-market statistics that feed into the overall Northern Virginia market. The Ridges of Glendilough average selling price increase of 3% was on pace with the 2.93% average price increase seen in the overall Northern Virginia region. The Ridges of Glendilough experienced significant improvement in terms of days on market (DOM). DOM measures the speed to a contract, or transaction velocity. The market significantly moved in favor of sellers during 2018 clocking an average of 53 days, down from 98 days experienced the previous year. This marked decrease of 45 days was a 46% improvement in the seller’s speed to a contract.

The table below illustrates the specific sales activity during 2018 and current active listings in The Ridges of Glendilough.

Ridges

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