Manassas 20112 Real Estate Inventory Shortage Favors Sellers

By
Real Estate Agent with RE/MAX Executives

Prince William County Seal





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

Active Listings
  • 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




Sold Listings
  • 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.

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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.

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Rainmaker
5,330,116
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Karen....oh how we've rallied, but we, just as you, need to replenish our sold inventory..... we are all in need of new listings..... buyers are ready to purchase but there are not enough new, fresh stock to satisfy their needs....

Sep 25, 2012 08:22 PM #1
Ambassador
1,553,981
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Barbara  I hope it changes after the election

Sep 25, 2012 08:28 PM #2
Rainmaker
4,798,469
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes Karen, prices and sales are rising but homes are not that easy to find as inventory is shrinking in many areas.

Sep 25, 2012 08:53 PM #3
Ambassador
1,553,981
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Gabe  It really should improve after the election

Sep 25, 2012 10:08 PM #4
Rainmaker
750,148
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Karen, Great market report for Manassas! My cousin has been living there for years!

Sep 25, 2012 10:31 PM #5
Ambassador
1,553,981
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Jackie  He picked a great location when he chose Manassas

Sep 25, 2012 10:35 PM #6
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Hi Karen -

It's a great time to be a home seller.  We preached it all winter to get off the buyer fence now many buyers are shocked that the the tables have indeed turned.

Sep 25, 2012 11:11 PM #7
Ambassador
1,553,981
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

John  No doubt about that

Sep 26, 2012 01:46 AM #8
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