Hard to believe that the first month of 2011 is nearly over. Before we jump into February, let's take a look back at the real estate market activity for townhosues in Bristow's community of Kingsbrooke. Comparisons will be made to last report (November 2010) which will also be referred to as last report.
KINGSBROOKE ACTIVE TOWNHOUSE LISTINGS
1 Active Listing
A Short Sale
High List Price was $215,000
Low List Price was $215,000
Average List Price was $215,000
Since there were no active listings during the month of November in Kingsbrooke townhouses, having once on the market for December is a good thing. It's list price makes up our high, low and average price this report. As always, list prices are suggestions. For best indicators of market value, always look to SOLD prices.
KINGSBROOKE TOWNHOUSES UNDER CONTRACT
3 Listings were Under Contract
All Short Sales
High List Price at Time of Contract was $250,000
High Marketing Time was 95 Days
Low List Price at Time of Contract was $199,900
Low Marketing Time was 6 Days
Average List Price at Time of Contract was $232,967
Average Marketing Time was 36 Days
Last month 6 listing were under contract. December saw only three under contract. However, we are still seeing Short Sales dominate the Kingsbrooke townhouse market. The high list price at time of contract is the same; as is the high marketing time when compared to November. The low list price is $900 higher this report; low marketing time the same. Average list price at time of contract has increased $15,000 since November and the average marketing time decreased 4 days.
KINGSBROOKE SOLD TOWNHOUSES
2 Listings Sold
1 Short Sale, 1 Regular Sale
High Sold Price was $208,000
High Marketing Time was 26 Days
Low Sold Price was $197,000
Low Marketing Time was 7 Days
Average Sold Price was $202,500
Average Marketing Time was 17 Days
We see the double the number of Kingsbrooke townhouses sold this month compared to November. Since there was only one sale in November, we'll simple compared averages. The average sold price this month is $23,000 lower than it was in November. Average marketing time, however, has decreased by 4 days.
The Kingsbrooke Townhouse Market is still dominated by Short Sales. As a Short Sale can be heavily influenced by your Listing Agent's skill, it is very important to hire someone with experience and prior success to sell your Kingsbrooke Short Sale. As a Bristow Short Sale Agent, I'm here to answer your questions and help you avoid foreclosure.
The next Kingsbrooke Townhouse Report will be out in mid to late February and will detail townhouse activity for the month of January. Until then, if you have a specific question about placing your home on the market, or buying in Kingsbrooke, please don't hesitate to call. I've been a full-time Bristow Realtor® since 2005 and a Short Sale Specialist since 2007. I know the factors affecting the Kingsbrooke real estate market and can help you.
Chris Ann Cleland, Associate Broker, Licensed in Virginia, Long & Foster REALTORS®
Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155. To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com. Or you can visit her website: www.nvarealestate.net.
Header photos taken by Chris Ann Cleland.
The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.