Kingsbrooke Townhouse Report: August 2013

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

Kingsbrooke Townhouse Report:  August 2013

There's something about fall that renews my spirit.  I have a feeling it is also going to add even more demand to the Bristow real estate market.  But before we get into talking about fall, let's take a look back at the Kingsbrooke townhouse market and see how it fared in August.  As usual, we'll make comparisons to last month (July 2013) and last year (August 2012.)

TOWNHOUSES FOR SALE IN KINGSBROOKE

2 Listings were Active:  Both Regular Sales

There were three fewer active Kingsbrooke townhouse listings as August came to a close, as there had been the previous month.  There was no change in the high list price, month to month.  However, low list price was up 4%.  The average list price was up nearly 1% since last month and up 12.5% since last year.  While we must understand that list prices are suggestions, these are nice trends.  Will matter more if they repeat in the sold column.

 

TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE

2 Listings were Under Contract:  Both Regular Sales

There were the same number of Kingsbrooke townhouses under contract at the end of August as there had been in July.  The high list price at time of contract was up 3.5%, but high marketing time 688% longer, compared to last month.  The low list price at time of contract was down over 7% since last month and low marketing time gained a day, making it 33% longer.  The average list price at time of contract was nearly 2% lower than it had been last month, but up over 16.5% since last year.  The average marketing time was 467% longer than it had been last month, but only 113% longer than it had been last year.  If I had to pick a worst month to place a home for sale in Bristow, it would be August, and I think the increases in marketing time show that.

TOWNHOUSES SOLD IN KINGSBROOKE

2 Listings Sold:  Both Regular Sales

One less Kingsbrooke townhouse made it to settlement in August than did in July.  The high sold price was 7% higher than last month and the low sold price was under 1% higher.  The high marketing time was 84% shorter and the low marketing time was 57% shorter, than it had been last month.  Since there were no Kingsbrooke townhouse sales in August 2012, we only have the month to month comparison.  The average sold price was up nearly 4% compared to last month.  The average marketing time was 77% faster than it has been last month.

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

And don't forget to join Kingsbrooke's new Facebook group.

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

703-402-0037, ChrisAnn@LNF.com

 www.NVARealEstate.netwww.SpeakingOfHomes.net

 

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

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To view the Kingsbrooke Single Family Home Report for August 2013, click the link provided.

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Rainmaker
1,496,276
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good Evening Chris Ann, I LOVE..LOVE the format of your market report. Market in Kingsbrooke Townhouse has been consistent, great position to be in for buyers. DOM very impressive!

Sep 21, 2013 11:13 AM #1
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Beth:  That's the outrageous buyer demand.  I get at least three emails or calls a week from Buyer's Agents in Bristow that are looking for townhouses for their clients.  We need some to sell.

Sep 22, 2013 01:48 AM #2
Rainmaker
2,975,217
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I like how you take the extra step to explain what the numbers mean, without that most consumers get pretty lost. Another great job..... Have a good Sunday

Sep 22, 2013 05:36 AM #3
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Scott:  I definitely don't see the point in throwing numbers up without an explanation.

Sep 22, 2013 06:51 AM #4
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Scott:  I definitely don't see the point in throwing numbers up without an explanation.

Sep 22, 2013 06:54 AM #5
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Scott:  I definitely don't see the point in throwing numbers up without an explanation.

Sep 22, 2013 06:56 AM #6
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Associate Broker, Bristow, VA
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