Victory Lakes Townhouse Report: July 2012

By
Real Estate Agent with Long and Foster REALTORS®, Gainesville, VA VA License # 0225089470

Victory Lakes Townhouse Report:  July 2012

Victory Lakes, like the rest of the Bristow real estate market, or the Northern Virginia real estate market, is officially in the summer doldrums.  August seems to be the month we feel things slow to what can feel like a stop.  However, we're not here to analyze August's sales.  We're here to analyze July's townhouse sales in Victory Lakes.  Our comparisons will be to last report (June 2012) and last year (July 2011.)

TOWNHOUSES FOR SALE IN VICTORY LAKES

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

There were three fewer active townhouse listings in Victory Lakes in July, than there had been in June.  The high list price was 4% lower than last month, low list price 3% lower.  The average list price was nearly 2.5% lower than last month, but nearly 8% higher than it had been last year.  List prices are suggestions.  The best idea of market value will always come from the sold column.  

 

TOWNHOUSES UNDER CONTRACT IN VICTORY LAKES

9 Listings were Under Contract:  7 New Construction, 1 Regular Sale, 1 Short Sale

There were four more Victory Lakes townhouses under contract in July than there had been in June.  The high list price at time of contract was the same, while high marketing time was 68% shorter.  The low list price at time of contract was nearly 12% lower than last month, low marketing time was 27% shortter.  The average list price at time of contract was over 4% lower than last month, but was 9.5% higher than it had been last year.  The average marketing time was 56% shorter than it had been last month, but 50% longer than it had been last year.


TOWNHOUSES SOLD IN VICTORY LAKES

1 Listing Sold:  It was New Construction

With only one Victory Lakes townhouse in the sold column for July, we'll just make comparisons to averages for last month and last year.  The average sold price was nearly 16% higher than last month and 16.5% higher than last year.  The average marketing time was 838% longer than it had been last month and 388% longer than it had been last year.  The marketing time doesn't worry me as it was a new construction sale that sets the new average.  New construction listings are often held active for all of one particular model.

The trends month to month are down, but up compared to last year in all categories.

The next Victory Lakes Townhouse Report will be out in September and will detail sales from the month of August.  Until then, if you are thinking of selling your Victory Lakes townhouse, give me a call for a free market analysis of your specific home's value in today's market.  I've been a full-time Bristow Real Estate Real Estate Agent since 2005 and a Short Sale Agent since 2007.  No matter what your equity position, I can get your home sold for the most amount of money in the shortest period of time. 

Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.comwww.NVARealEstate.netwww.SpeakingOfHomes.net


Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)

_______________________________________

To see the Victory Lakes Sibgle Family Home Report for July 2012, click the link provided.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Virginia Prince William County Bristow Victory Lakes
Groups:
City and State
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
victory lakes townhouse values bristow va
victory lakes listing agent bristow va
victory lakes real estate agent bristow va

Spam prevention
Show All Comments
Rainmaker
1,940,134
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Chris,  always enjoy viewing information on other communities and thanks for sharing with us.

Aug 26, 2012 12:35 PM #1
Ambassador
3,092,992
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Ronald:  It's always a pleasure to do these reports.  Keeps me on the top of neighborhood values and trends.

Aug 28, 2012 04:23 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
3,092,992

Chris Ann Cleland

Associate Broker, Bristow, VA
Email Me For a Free CMA of Your Home's Value
*
*
*
*
Spam prevention