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Potomac Club, Woodbridge VA 12/13/2010 Market Report

By Karen Kruschka

Real Estate Agent with RE/MAX Executives

December 13, 2010 02:25 AM

Obviously, the price 3% increase over 2009 is good news for the property owners in Potomac Club. It is very much in line with recent market reports in other subdivisions that tend to indicate the downward spiral is either ending or ended. A check of the statistics at our Multiple Listing Service confirm that all areas of Prince William County are producing the same results. There are variances, of course, but that is a function of the type of homes and the number and percentage each type in a particular subdivision. The very fact that Potomac Club is a subdivision of condominium homes only has a different impact on prices when it is compared to a subdivision with detached homes, townhomes and condominiums.

With home mortgage rates at historically low levels this would be an excellent time for home buyers to return to the market while prices are still much lower than in previous years. A Potomac Club home in Woodbridge would be a wise investment at this time.

Potomac Club
Woodbridge VA
Condominium Market Report

Homes Sold and Settled
Year-To-Date 2010 vs. Total Year 2009

	2009	2010	+/- %
Number of Homes	45	32
Average List Price	272,510	283,486	+4%
Average Sales Price	273,830	283,593	+4%
Seller Contribution	-6,774	-8,335	-23%
Net Sales Price	267,056	275,258	+3%

As of 12/13/2010

About Potomac Club, Woodbridge VA
Potomac Club is a new community in Eastern Prince William County. The entire community features condominium ownership regardless of the style and type home

The Link Below Is Always Connected To The Area Multiple Listing Service
The Listings Are Updated Every Hour

Potomac Club, Woodbridge VA Homes For Sale

There are two important features about Potomac Club. The first is the focus on a 12 million dollar clubhouse. It has an indoor and outdoor pool, fitness center, pool tables, plasma television, conference room and work center. Meeting and entertainment facilities are avaiable for homeowners to reserve for private functions.

Second is proximity to public transportation. The VDOT commuter lot at Horner Road is less than 15 minutes from Potomac Club. There is bus service to the Springfield Metro as well as direct bus service to the Pentagon and Washington, DC

For those who prefer rail service the VRE Rippon Station is approximately 15 minutes from Potomac Club with service to L'Enfant Plaza and Union Station.

Restaurants, neighborhood type shopping, Potomac Mills and the new Wegman's supermarket are all within or less than 15 minutes. It is approximately 20 minutes to MCB Quantico.

Potomac Club Photos

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My Team has 34 years experience in Woodbridge, Dumfries, Manassas, Bristow, Gainesville, Haymarket Prince William County

”Experience Isn’t Expensive – It’s PRICELESS”If you plan to buy or sell a or other Prince William County home or property contact Karen and Art by Email or call us at 703-499-9279. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

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Jeff&Grace Safrin

F.C.Tucker 1st Team Real Estate - Valparaiso, IN

SpousesSellingHousesTM

working on our annual report for NWI our average sale price increased this year despite 25% of our closed transactions being short sales-although we sold some higher end homes as short sales

as always your market snapshots are very informative local posts Karen

sincerely,

grace

Dec 13, 2010 02:04 PM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

Grace That certainly is way ahead of the national average - congratulations

Dec 13, 2010 11:41 PM