Market Report: Homes For Sale VS Home Sold In Woodbridge VA
Find Out About The Average Home Prices In Woodbridge
See A Market Report Directly From The Realtor's Multiple Listing Service (MLS)
The real estate market in Woodbridge is at a healthy balance between homes for sale vs homes sold.
As of October 12, 2013, there are 499 homes FOR SALE in Woodbridge, and 414 homes are UNDER CONTRACT pending settlement.
We have roughly 5 weeks of inventory on the market.
Let's break down the homes for sale vs homes sold by category:
Single Family Homes Under $500,000
Average list price: $355,800
Average sold price: $364,998
You can see that single family homes under $500,000 are selling at or above list price by $9,198. The bulk of the activity is in the $400,000 - $500,000 range. Multiple bids are common, and buyers are frequently using Escalation Clauses when making offers for houses.
Single Family Homes Above $500,000
Average list price: $727,477
Average sold price: $725,000
The luxury home market is strong in Woodbridge VA. Prices are holding firm, and days on market are under 70 days. The most active segment of the luxury homes market is under $1Million; Homes priced over $1Million take longer to sell, and the spread between list price and sold price is $10,000 - $25,000.
Condo/Townhouse Under $300,000
Average list price: $238,087
Average sold price: $249,900
You can see that the average SOLD price is over $11,000 ABOVE the average list price. This is a particularly hot segment of the market. Multiple bids on properties are common. Escalation Clauses are commonly in use.
Condo/Townhouse Above $300,000
Average list price: $364,144
Average sold price: $349,999
The condo and townhouse market above $300,000 is the only segment of the market that is soft and slow to sell right now. Sellers of townhouses and condos above $300,000 are typically taking offers below list price, or paying all of the buyer's closing costs.
You can get help navigating the real estate market in Woodbridge VA when you get Erick Blackwelder working for you as your buyer agent.
You can text or call Erick at 703-677-1120 for help.
You can have a one hour no obligation conversation with Erick about your next home. You get to check Erick out to see if Erick Blackwelder is the best agent for your situation.
You can get FREE listings of homes for sale, direct from the REALTOR'S MLS at Erick's website.
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