Since June of this year detached homes in Manassas 20112 have been selling for 96% of original price . The reason is easy to explain - inventory shortage!!
The two interactive graphs below are updated automatically monthly and reflect real estate market conditions in popular Manassas ZIP 20112 subdivisions such as
- At the end of September 2011 there were 128 detached homes for sale. The number of homes available declined until January 2012, but then the number of homes increased to 140 in May 2012. As you can see, the number has decreased over the past three months to 111 or a 13% decline over the same period in 2011
- There are an insignificant number of town homes in Manassas 20112 to report on trends
- In September 2011 there were 24 detached homes sold. Since a December low of 11 homes sold that number has consistently improved to 41 being sold in August 2012 -a 71% increase over the same period in 2011.
Average Sold Price To Original List Price Ratio
- Since June of this year detached homes have have sold at approximately 96% of the original list price reflecting the effect of an inventory shortage
Other popular Prince William County homes include Brittany, Montclair, Saratoga Hunt, Winding Creek, Lake Ridge, Westridge, Old Bridge Estates. Eagles Pointe, Wellington, River Falls, Hope Hill Crossing, Rollingwood Village, Lake Terrapin, Lake Side, Port Potomac, and Potomac Club
For an analysis of your home's market value contact the area specialists at 703-499-9279.
The Kruschkas are long term Prince William County residents with 36 years experience as real estate brokers serving Woodbridge, Manassas, Dumfries, Manassas Park, Bristow, Brentsville, Gainesville and Haymarket.
Experience Isn’t Expensive – It’s PRICELESS
If you plan to buy or sell a 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.