Victory Lakes Single Family Home Report: November 2013
December caught me off guard. I completely forgot to put together this Victory Lakes Single Family Home Report. My apologies to anyone who was waiting on it. Thankfully, the multiple listing service stores data for a long, long time, so pulling stats for November 2013 was no big deal. As usual, we will compare numbers found here to last report (October 2013) and last year (November 2012.)
SINGLE FAMILY HOMES FOR SALE IN VICTORY LAKES
No Listings were Active
It was surprising to me that there were no active listings of single family homes in Victory Lakes during the month of November. I can assure you that buyers didn't take the month off. There is something about the holidays that makes people want to find a home. We'll have to wait and see what happened in December.
SINGLE FAMILY HOMES UNDER CONTRACT IN VICTORY LAKES
No Listings were Under Contract
Another surprise. No single family homes under contract in Victory Lakes, despite there being three active listings last month and four homes under contract...one being a short sale. Sometimes the latter linger over multiple months in the sold column. Apparently, November was the month of deals that fell apart and homes that came off the market.
SINGLE FAMILY HOMES SOLD IN VICTORY LAKES
2 Listings Sold: Both Regular Sales
Finally, we get to a column with something to report. With two Victory Lakes homes going to settlement in November, the sold activity has kept pace with last report and last year. The high sold price was up nearly 3% since last report, while high marketing time was 58% longer. The low sold price fell 2.5% compared to last report and the low marketing increased by 2400% (24 days.) The average sold price was not all that different since last report...up less than 1/2 of 1%. Compared to last year the average sold price increased over 10%. The average marketing time was 71% longer compared to last report and 61% longer since last year. Time on the market is definitely increasing. And overall, it seems average property values for Victory Lakes homes are moving up as well.
The next Victory Lakes Single Family Home Report also be out in January and will detail sales from the month of December. Until then, if you want to investigate your home's worth in today's market, give me a call for a free market analysis. 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 the most money in the shortest amount of time for your Victory Lakes home.
And if you want to track values of your Victory Lakes homes on a regular basis join the new Victory Lakes Facebook Group specifically put together for that purpose.
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
703-402-0037, ChrisAnn@LNF.com
www.NVARealEstate.net, www.SpeakingOfHomes.net
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)
_______________________________________
To see the Victory Lakes Townhouse Report for November 2013, click the link provided.
Comments (3)Subscribe to CommentsComment