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Kingsbrooke Townhouse Report: December 2015

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Kingsbrooke Townhouse Report:  December 2015

It is time for another Kingsbrooke Townhouse Report, looking back at market activity in the month of December.  We will make our comparisons to last month (November 2015) and last year (December 2014.)

 

TOWNHOUSES FOR SALE IN KINGSBROOKE

4 Listings were Active:  3 Regular Sales, 1 Short Sale

Kingsbrooke Townhouse in Bristow, VAKingsbrooke Townhouses For Sale, December 2015

There was one more Kingsbrooke townhouse on the market when December ended, than had been on the market when November ended.  The high list price was 1% higher than last month, while the low list price was unchanged.  The average list price was nearly 2.5% higher than it had been last month and 8% higher than it had been last year.   This is nice to see, but we always get the best idea of market value from the sold column.

 

TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE

No Listings were Under Contract

Kingsbrooke Townhouses Under Contract, December 2015

Unfortunately, there were no townhouses under contract when December ended.  With the active inventory we ended December with, we will likely have some numbers to report in our January report.

 

TOWNHOUSES SOLD IN KINGSBROOKE

3 Listings Sold:  All Regular Sales

Kingsbrooke Townhouses Sold, December 2015

Kingsbrooke Townhouse in Bristow, VAThere were three Kingsbrooke townhouses that sold in December.  That's one more than sold last month, and the same number we saw last December.  The high sold price was up 6.5% since last month, but so was marketing time which took 102% longer.  The low sold price was down 1/2 of 1% since last month, and again, marketing time was longer...247% longer to be exact.  The average sold price was up nearly 2% since last month, but down nearly 3% since last year.  That's stability in price, which is good.  The average marketing time was 256% longer than it had been last month and was 642% longer than it had been last year.  You may need to wait three months to get your townhouse under contract according to these numbers.

The next Kingsbrooke Townhouse Report will be out at the end of February and will detail sales from the month of December.  Until then, if you are thinking of selling your Kingsbrooke townhouse, give me a call for a free market analysis of your home's specific value in today's market.  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 townhouse sold for the highest possible price, in the shortest period of time.

And don't forget to join Kingsbrooke's Facebook group.  It is a great place to connect with neighbors and always have access to neighborhood property value reports.

 

Statistics compiled using the MRIS (Metropolitan Regional Information Systems.)

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To view the Kingsbrooke Single Family Home Report for December 2015, click the link provided.

 

Comments (3)

Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Three months is not an abnormal marketing time then for a Kingsbrooke townhouse, right? At least that's the point I'm picking up from your blog. Well, that, and the homes are much more affordable than the Kingsbrooke single family homes.

Jan 30, 2016 03:08 AM
Chris Ann Cleland

Three months is about average right now.  We're used to things moving faster than that though.  Like a month.

Jan 30, 2016 06:55 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Chris Ann

The December 2015 market report for the Kingsbrooke Townhomes, Bristow Virginia show an active real estate market for the townhomes.

Good luck and success.

Lou Ludwig

Feb 01, 2016 11:12 AM
Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Best of luck to you. I am sure your sellers LOVE this information. We are doing great in Arizona.

Feb 03, 2016 11:13 AM