Victory Lakes Townhouse Report: September 2013
Fall is my favorite time of year. Crisp temperatures and the brilliant colors of the foliage make it a special time of year. Victory Lakes has definitely seen fall creeping in. And Halloween will be here before we know it. Until then, let's take a look back at the activity in the Victory Lakes townhouse market for September. We'll make comparisons to last month (August 2013) and last year (September 2012.)
TOWNHOUSES FOR SALE IN VICTORY LAKES
5 Listings were Active: 4 Regular Sales, 1 Short Sale
While Short Sales have not disappeared, they are no longer the majority of the Victory Lakes townhouse market. And compared to August, there were three fewer townhouses on the market in Victory Lakes as September drew to a close. The high list price was over 4% higher and the low list price was unchanged compared to last month. The average list price was up nearly 3.5% month to month and up 5.5% year to year. Of course, the best idea of market value comes when we look at the sold column.
TOWNHOUSES UNDER CONTRACT IN VICTORY LAKES
7 Listings were Under Contract: 5 Regular Sales, 2 Short Sales
There wasn't a lot of change in this category month to month. The high list price at time of contract was only $1,000 less than it had been last month, or less than 1/2 of 1%, and high marketing time was 1 day or 2% longer. The low list price at time of contract was unchanged compared to last month and the low marketing time was 400% longer, which equates to four days. The average list price at time of contract was up over 1% month to month and up over 4.5% year to year. The average marketing time was unchanged since last month and was 67% faster than it had been last year.
TOWNHOUSES SOLD IN VICTORY LAKES
7 Listings Sold: 6 Regular Sales, 1 Short Sale
Four more townhouses made it to settlement in September as did in August. The high sold price was down nearly 5.5% since last month and high marketing time was 50% longer. The low sold price was down over 5% since last 
month and the low marketing time was 67% faster. The average sold price was down nearly 7% month to month, but up nearly 1/2 of 1% year to year. The average marketing time was 73% longer compared to last month, but 38% faster than it had been last year. I suspect the values of Victory Lakes townhouses will remain steady as buyer demand continues to remain strong.
The next Victory Lakes Townhouse Report will be out in November and will detail sales from the month of October. Until then, if you are thinking of selling your Victory Lakes townhouse, give me a call for a free market analysis of your specific home's value in today's market. I've been a full-time Bristow Real Estate Real Estate Agent since 2005 and a Short Sale Agent since 2007. No matter what your equity position, I can get your home sold for the most amount of money in the shortest period of time.
And if you want to track values of your Victory Lakes homes on a regular basis join the new Victory Lakes Facebook Group specifically put together for that purpose.
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
703-402-0037, ChrisAnn@LNF.com
www.NVARealEstate.net, www.SpeakingOfHomes.net
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)
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To see the Victory Lakes Single Family Home Report for September 2013, click the link provided.
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