With spring come flowers, baby birds and a slight increase in the number of properties for sale in Woodbridge VA. In two of the local zip codes 22192 and 22193, which includes the large neighborhoods of Dale City and Lake Ridge the inventory has continually increased since February 2012. As of today there are 69 active listings in Dale City and Lake Ridge has 54.
It is interesting to see that the inventory in the 22191 zip code has not increased this sping but has continued to decline. There are fewer resale properties available but a good deal of new construction options in Eagles Pointe and Port Potomac as examples. It is also good to see that out of the current inventory in all of these zip codes that short sales and foreclosures are not the dominate number of properties for sale.
What does this mean for buyers? It means when you see a home that meets all of your criteria that you don't have a lot of "let me think about it" time. We continue to see multiple offers on well priced homes in the area. With home sale prices hovering at a list to sales price ratio of 96-97% this is not the time to make a lowball offer either.
If you are considering buying a new home this spring in Woodbridge VA give Cindy Jones and CJ Realty Groupa call at 703-346-2213. Let's talk about the current market and whether today's low interest rates combined with reasonable housing prices make this a good time for you to buy a home.
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