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Closing Out the Year- Lake Ridge Townhouse Sales

By
Real Estate Agent with Integrity Real Estate Group

One of the important questions sellers need to know as they get ready to list their property for sale is "how is the current inventory in my neighborhood?"

Now we all know that in a large community such as Lake Ridge there is a wide variety of homes for sale and not all homes listed would be a "competitive" home to yours.  However understanding the general inventory and how it might impact the sale of your home is important.

Lake Ridge TownhousesCurrently there are 65 townhouses for sale in Lake Ridge.

In November 17 Lake Ridge townhouses went to closing.

In November 14 new townhouses were listed in Lake Ridge  

Currently there are 48 townhouses under contract.

If all of the current properties under contract close there will only be a 3.8 months supply of townhouses left to sell in Lake Ridge.  Some will say that this means we have a sellers market for townhouses.  Though I would not jump to that conclusion, we are seeing that properties priced right move quickly and many of them with multiple offers. 

For 2008 there have been 206 townhouses sold as compared to 138 in 2007.   The area is on track for a banner year as far as sales.  Of course this is tempered with a significant decrease in value but moving inventory is an important indicator that buyers are taking advantage of lower prices, lower interest rates and buying new homes.

If you are thinking about listing your Lake Ridge townhouse in the near future give me a call.  We can talk about the inventory in your Lake Ridge neighborhood and how put your home in the SOLD category!

For more information on current properties for sale in Lake Ridge check out www.lakeridgelistings.com

Lake Ridge Map

©2008 Cindy Jones "Closing Out the Year- Lake Ridge Townhouse Sales"

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                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

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Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

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Comments (6)

Brian Belcher
RE/MAX Executive - Charlotte, NC
Charlotte Realtor

Hey, great post. Thanks for the information about your area.

Dec 08, 2008 12:21 PM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Cindy, 3.8 months supply is not a whole lot of inventory!  Sounds like things are picking up down there!

Dec 08, 2008 12:24 PM
Sonja Adams
Keller Williams Realty - Purcellville, VA

One of my old friends just closed on a home in Lake Ridge....curious...can I ask you where you got  your map or how you made it?  I need to do one for Loudoun county - specifically some of the western Loudoun towns and haven't been able to figure out how to do it....would appreciate if you care to share your trade secrets...thanks!

Dec 08, 2008 12:45 PM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Brian-thanks for stopping by.

Dec 10, 2008 11:08 PM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Patricia-things are moving.  It is hard to keep a good property on the market for very long. 

Dec 10, 2008 11:08 PM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Sonja-I'm sure your friend will be very happy in Lake Ridge.  I'll send you an email on the maps.

Dec 10, 2008 11:09 PM