Victory Lakes Townhouse Report: December 2013
With the last month of 2013 in the rear view mirror, it is time to take a look back at townhouse sales in Victory Lakes and see how their values shook out in December. As usual, we'll compare to last report (November 2013) and last year (December 2013.)
TOWNHOUSES FOR SALE IN VICTORY LAKES
There were No Active Listings
December was the second straight month with absolutely no townhouses available for sale. I'm hopeful that will change when we look back to January's activity next month. Buyers are out there house hunting and need something to purchase.
TOWNHOUSES UNDER CONTRACT IN VICTORY LAKES
1 Listing was Under Contract: A Short Sale
With only one Victory Lakes townhouse going under contract in December, and none in November, let's just compare this sold price to the average from last year. Doing that we see that the average list price at time of contract was over 5% higher and marekting time was 48% faster than it had been last year.
TOWNHOUSES SOLD IN VICTORY LAKES
2 Listings Sold: 1 Regular Sale, 1 Short Sale
Seems that two is a repetitive number when it comes to the number of Victory Lakes townhouses sold in November or December. The high sold price was down over 13.5% since last month and the high marketing time was 460% longer. The low sold price was also down since last month--nearly 13%. The low marketing time was also longer compared to last month by 620%. The average sold price was down over 13% since last month and down over 14% since last year. This is not a great trend. Neither is the fact that the average marketing times increased 475% since last report and 229% since last year.
The next Victory Lakes Townhouse Report will also be out in February and will detail sales from the month of January. Until then, if you are thinking of selling your Victory Lakes townhouse, give me a call for a free market analysis of your specific home's value in today's market. I've been a full-time Bristow Real Estate Real Estate Agent since 2005 and a Short Sale Agent since 2007. No matter what your equity position, I can get your home sold for the most amount of money in the shortest period of time.
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.)
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To see the Victory Lakes Single Family Home Report for December 2013, click the link provided.
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