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Wellington. Manassas 12/27/2010 Town Home Market Report

By Karen Kruschka

Real Estate Agent with RE/MAX Executives

December 27, 2010 10:09 AM

Wellington is an extremely convenient subdivision in the City of Manassas, VA. Since construction started in the 1992-1993 time frame there are no homes more than 18 years old. Its' popularity is enhanced by the fact it is a beautifully maintained subdivision of both town homes and detached homes. Wellington has slightly more than 900 homes built by a variety of builders.

Wellington Manassas Town Home prices increase 13% over 2009 as of 12/27/2010

Wellington
Manassas VA
Townhome Market Report

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

	2009	2010	+/- %
Number of Homes	76	52
Average List Price	162,180	181,949	+12%
Average Sales Price	164,829	185,843	+13%
Seller Contribution	-3,072	-3,199	+4%
Net Sales Price	161,757	182,644	+13%

As of 12/27/2010

Obviously, the price increase of 13% over 2009 is good news for the town home property owners in Wellington. 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 Wellington is a subdivision of town homes and detached homes offering a wide variety of styles is a stabilizing factor..

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 Wellington home in Manassas would be a wise investment at this time.

WELLINGTON HOMES FOR SALE

Commuting

Bus service to both the Pentagon and Washington, DC is available at Manassas Mall approximately 15 minutes from Wellington
Train service to Alexandria and Washington on Virginia Railway Express trains is available at the Manassas station. The Alexandria and Crystal City stations provide the ability to transfer to Metrorail for travel throughout the entire subway system.

Schools, Colleges and Libraries

All City of Manassas public schools are fully accredited. There are 9 campuses - see Manassas Schools for more information and to locate a school.
George Mason University Prince William Campus is within 15 minutes
Bull Run Regional Library is approximately 10 minutes

Shopping

Wellington Station for complete neighborhood shopping is located on Wellington Rd just outside the subdivision
Manassas Mall, numerous other shopping centers and specialty shops can be found along SudleyRd (Rt 234) within 15 minutes of Wellington
Historic Old Manassas with boutiques, antique book store and fine dining is within 10 minutes

Recreation

Hylton Performing Arts Center is within 10 minutes
Manassas National Battlefield Park is approximately 20 minutes
Freedom Aquatics and Fitness Center is within 15 minutes
General's Ridge Public Golf Course is approximately 20 minutes from Wellington
Splashdown Water Park the largest water park in Northern Virginia is within 20 minutes
Prince William Forest Park with 37 mikes of hiking trails, 21 miles of bicycle accessible roads, cabin and tent camping is less than 30 minutes
Leesylvania State Park with boat launch to the Potomac, picnic facilities and educational programs is approximately 30 minutes
Lake Ridge Park and Marina with boat launch to the Occoquan Reservoir, 9-hole golf course, miniature golf and picnic facilities is approximately 25 minutes
Old Hickory Golf Club is approximately 25 minutes
Harris Pavilion in Historic Manassas is the site of many concert, shows and other public events. During winter months it is converted to an ice skating rink and is approximately 10 minutes
Manassas Museum in Historic Manasssas is approximately 10 minutes

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

”Experience Isn’t Expensive – It’s PRICELESS”
If you plan to buy or sell a Wellington or other Prince William County home or property contact Karen and Art by Email or call us at 703-690-6569. 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.