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Since the temperatures warmed up in February, we've been able to enjoy a nice long spring in Kingsbrooke. And the spring real estate market heated up early too, and demand hasn't waned. With the month of April behind us, let's take a look back at the Kingsbrooke single family home market and see how it compared to last report (March 2012) and last year (April 2011.)
KINGSBROOKE SINGLE FAMILY HOMES FOR SALE
3 Listings were Active: 2 Regular Sales, 1 Short Sale
There were two more active listings in April, than there had been in March. Since there was only one last month, we'll have to stick to comparing averages. The average list price increased over 33% since last month and nearly 9% since last year. The major increase since last month is due to the size of homes on the market. Right now, we are seeing the larger Kingsbrooke single family homes on the market, where last month we saw the smaller, townhouse sized homes. As always, for the best idea of market value will come from the sold column.
KINGSBROOKE SINGLE FAMILY HOMES UNDER CONTRACT
6 Listings were Under Contract: 3 Regular Sales, 3 Short Sales
There were two more listings under contract than there had been in March. This is a category that sees a lot of Short Sales. The high list price at time of contract increased almost 1.5% since last month, while high marketing time was unchanged. The low list price at time of contract wasover 7% higher than it had been last month, with low marketing time improved by 33%. The average list price at time of contract was nearly 6% higher than last month and nearly 20% higher than it was last year. The average marketing time was 29% improved since last month and last year.
SINGLE FAMILY HOMES SOLD IN KINGSBROOKE
3 Listings Sold: All Regular Sales
There was one more single family home making it to the sold column in April than there had been in March. All that made it to the finish line were regular sales. The high sold price was 15% higher than it had been last month, with high marketing time 52% improved. The low sold price was 14% higher, with low marketing time improved by 81%. The average sold price increased 15% since last month and is practically the same as it was last year. The average marketing time has improved 69% since last month and improved 11% since last year. All good trends for Kingsbrooke single family home owners.
The next Kingsbrooke Single Family Home Report will be out in June and will detail sales from the month of May. Until then, if you are thinking of selling your Kingsbrooke home, give me a call for a free market analysis of your specific home's value in the marketplace. I've been a full-time Bristow Real Estate Agent since 2005 and a Short Sale Agent since 2007. No matter what your equity position, I can get your Kingsbrooke single family home sold for the most amount of money in the shortest period of time.
Chris Ann Cleland, Associate Broker-Licensed in VA, 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®.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.