December 2012 Real Estate Market Update for Bristow VA 20136
Real estate prices in the Bristow area have continued to improve month after month. There are currently 65 homes for sale in the Bristow, 20136 zip code. Of the 65 homes for sale 37 are re-sale and 28 are new construction. Base prices for new construction range from $324,990 for a new townhomes with 3 levels and a two car garage. If you are looking single family those prices range from $389,990 on a .18 lot to $868,000 for a 10 acres lot.
As prices continue to increase fewer sellers are under water. As a result we are seeing fewer and fewer Bank Owned homes, Foreclosures and Short Sales. Currently there are six Bank Owned or Foreclosed homes and three short sale in the Bristow area.
The month of December there were 35 happy buyers and sellers. Sold prices of the homes that went to settlement the month of December ranges from $194,900-$640,000. With the low inventory along with low interest rates December has proven to be another great month for sellers.
Year over year the median sold price in Bristow 20136 zip code, has increase a whopping 40.51%. Along with that huge increase, sellers are seeing contract prices that are 99.% of the original listed price.
The grahp's below break out the real estate market for Bristow, 20136 zip code giving you a snap shot of how many homes sold in the month of December. This information may not be reflective of homes in your specific neighborhood as that would require a more detailed report. The graph's are provided by RBI (Real Estate Business Intelligence).