Welcome to the West Springfield VA real estate market report for zip code 22152... data shown is through the end of April 2012.
Before looking at the specifics of the real estate market statistics for the zip code, let's view Fairfax County's median sale price figures for the last 5 years below.
The county's larger sample size better illustrates the strengths/weaknesses of the local market.
These graphs and charts are picturing the home buying and selling public's reaction to interest rates, their psychological view of their personal economic situation and hopes for future well being.
Fairfax County and all of the Northern Virginia real estate market peaked in late 2005 or early 2006 depending on location, and fell steadily until first quarter of 2009.
Since that time, home prices have been working their way back up as you can see from the graph above.
Seasonal peaks and valleys are easily discern-able in the graphs.
Prices generally decline in the cold months when there is less demand for housing. Folks are distracted by the holidays and less than ideal weather.
Lower prices in the winter months are also due to the fact that foreclosed properties, short sales and less than properly prepared properties dominate the market.
If a home owner is transferred or a family crisis emerges, he may not have the time or resources to make his home show worthy....result...lower price received.
.......All these graphs are interactive just hover your cursor over a graph point and a numeric value will be displayed......
Graphs of median sales prices for townhouse and single family dwellings in West Springfield's zip code 22152 are shown below as well as a graph showing the average days on market.The much smaller market sample size for the zip code, makes the graphs much more erratic.
The blue line below represents single family home prices while the red line shows the townhouses.
The average number of days that it takes to get a ratified contract has fallen dramatically to 40 days...seen on the 2nd graph below.
Your real estate agent will be able to analyze your specific neighborhood sales data, which will be the better measure of the value of your property.
If you do not have an agent and want this sort of information, drop us an email. We are no pressure, no hassle, good humored people.
No worries. We won' spam you.
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