The average per-square-foot cost of homes that sold across Fairfax County during the first eight months of the year was up 2.4 percent, according to new figures from Bright MLS.
That’s according to new data from Bright MLS, which said Fairfax’s average per-square-foot cost for residential sales was $346, up from $338 during the same eight-month period a year before.
Fairfax was one of six major jurisdictions across the region to see higher year-over-year per-square-foot prices. The lone decliners were Arlington (where the figure of $472 was down 2.5% from $484 a year before), the District of Columbia (dropping 4.5% from $552 to $557) and Falls Church (declining 6.9% from $451 to $420).
The remainder each had increases:
• In Alexandria, the average square-foot price rose 5.1 percent from $436 to $458.
• In Montgomery County, the average price increased 2.6 percent from $303 to $311.
• In Loudoun County, the average price rose 1.9 percent from $269 to $274.
• In Prince George’s County, the average price was up 2.1 percent from $237 to $242.
• In Prince William County, the average price was up 1.8 percent from $227 to $231.
In each jurisdiction except Falls Church, the average per-square-foot cost recorded in August was slightly higher than the running total for the first two-thirds of the year.
Across the Bright MLS coverage area throughout the Mid-Atlantic, the average price per square foot for the first eight months of the year was $237, up 1.7 percent from $233.