Kingsbrooke Townhouse Report: April 2014
The pool is open and I bet that is where a lot of Kingsbrooke residents spent the day. I spent it showing Kingsbrooke and other Bristow homes to buyers. It's been a very hot market. So let's see what that meant to the Kingsbrooke townhouse market in April. We will make comparisons to last month (March 2014) and last year (April 2013.)
TOWNHOUSES FOR SALE IN KINGSBROOKE
1 Listing was Active: A Regular Sale
Since only one Kingsbrooke townhouse was left available to buyers at the end of April, we'll just look across at our average list prices to compare. The average list price was down 8/10th of 1% since last month and down 4/10th of 1% since last year. List prices are suggestions, so remember the best idea of market value comes from the sold column.
TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE
9 Listings were Under Contract: 7 Regular Sales, 1 Foreclosure, 1 Short Sale
Wow! There were nearly double the number of Kingsbrooke townhouses under contract in April as there had been in March. The high list price at time of contract, high marketing time, low list price at time of contract and low marketing time were all unchanged compared to last month. The average list price at time of contract was up 7/100th of 1% since last month and up over 7% since last year. The average marketing time was 21% faster than it had been last month, but 83% longer than it had been last year. Right now, it looks like you can expect a contract on a well priced Kingsbrooke townhouse in about three weeks.
TOWNHOUSES SOLD IN KINGSBROOKE
1 Listing Sold: A Regular Sale
Only one Kingsbrooke townhouse made it to settlement in April. Same as last year. so let's 
compare averages only. The average sold price was down over 5.5% since last month and down nealry 2% since last year. The average marketing time was non-existent in April. That's compared to 70 days average last month and 26 days average last month. Given demand, I think property values will continue to increase.
The next Kingsbrooke Townhouse Report will be also 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. I've been a full-time Bristow Real Estate Agent since 2005 and can get you the most for your home in the shortest period of time.
And don't forget to join the Kingsbrooke neighborhoodFacebook group. It is a great place to connect with neighbors and always have access to neighborhood property value reports.
Chris Ann Cleland, Associate Broker-Licensed in Virginia
Long & Foster Gainesville's Top Producing Agent 2013
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 view the Kingsbrooke Single Family Home Report for April 2014, click the link provided.
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