Victory Lakes Townhouse Report: August 2014
Summer was gone in flash this year. And as Victory Lakes is becoming alive with fall color, we are taking this opportunity to look back at the last month of summer and see what happened in the Victory Lakes townhouse market in this edition of the Victory Lake Townhouse Report. We'll make our market comparisons to last month (July 2014) and last year (August 2013.)
TOWNHOUSES FOR SALE IN VICTORY LAKES
4 Listings were Active: All Regular Sales
In a reverse of what happened with the single family homes in Victory Lakes in August, townhouses had less inventory available to Bristow buyers. The high list price was down nearly 1.5% compared to last month and the low list price was up over 1.5%. The average list price was up 1/10th of 1% compared to last month and up 3% compared to last year. Of course, list prices are suggestions. True market value is only derived from what we find in the sold column.
TOWNHOUSES UNDER CONTRACT IN VICTORY LAKES
5 Listings were Under Contract: 4 Regular Sales, 1 Short Sale
There were two more Victory Lakes townhouses under contract when August came to a close, than there had been in July. The high list price at time of contract was down nearly 4% since last month and high marketing time 191% longer. The low list price at time of contract was down 1.5% compared to last month and low marketing tim had increased by 14%...the equivalent of one day. The average list price at time of contract was down just over 3% compared to last month, but up over 3% compared to last year. The average marketing time was 108% longer than it had been last month and only 13% longer than it had been last year.
TOWNHOUSES SOLD IN VICTORY LAKES
3 Listings Sold: All Regular Sales
The settlement table in August had about half the activity that July saw. The high sold price of a Victory Lakes townhouse was down 7/10th of 1% compared to last month and high marketing time was 69% shorter. The low sold price was down just over 1% since last month and the low marketing time was 
75% longer. The average sold price was down nearly 3% compared to last month, but up 3/10th of 1% since last year. The average marketing time was 58% shorter than it had been last month and was 13% shorter than it had been last year.
The next Victory Lakes Townhouse Report also be out in October and will detail sales from the month of September. Until then, if you want to investigate your home’s worth in today’s market, give me a call for a free market analysis. I’ve been a full-time Bristow Real Estate Agent since 2005. I can get the most money in the shortest amount of time for your Victory Lakes home.
And if you want to track values of your Victory Lakes homes on a regular basis join my Victory Lakes Facebook Group specifically put together for that purpose. Feel free to start any other neighborhood conversation you like there. It is great when neighbors have a forum to speak with each other.
To see the Victory Lakes Single Family Home Report for August 2014, click the link provided.
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