Victory Lakes Townhouse Report: May 2014

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

Victory Lakes Townhouse Report: May 2014

It is a gorgeous, sunny, temperate day in Victory Lakes today.  It is as perfect as a summer day can get.  And while we are going to take this opportunity to look at sales activity of Victory Lakes Townhouse in Victory Lakestownhouses during the month of May, I am displeased with the fact that one of my comparison reports is non-existent.  It has been gobbled up in cyber space.  It is purely operator error, of that I am sure.  How it happened is a mystery.  That means you will only be getting a comparison to last month, April 2014.



6 Listings were Active:  All Regular Sales

Townhouses For Sale in Victory Lakes, May 2014

 There were 6 fewer townhouses available to buyers when May came to a close, compared to April  The high list price was unchanged, but the low list price was nearly 4.5% higher than last month.  The average list price was nearly 2% higher than last month.  Of course, list prices are suggestions and our best idea of market value for Victory Lakes townhouses will be found in the SOLD column.



8 Listings were Active:  7 Regular Sales, 1 Foreclosure

 Townhouses Under Contract in Victory Lakes, May 2014

There were exactly the same number of townhouses in Victory Lakes under contract in May, as there had been in April, but clearly they aren't the same houses.  The high list price at time of contract was down 5/10th of 1% since last month, but the high marketing time was 53% shorter.  The low list price at time of contract was 3% lower than last month and the low marketing time was 67% longer.  The average list price at time of contract was down over 6.5% since last month and the average marketing time 14% longer.  



5 Listings Sold:  All Regular Sales

 Townhouses Sold in Victory Lakes, May 2014

The high sold price was nearly 7% higher than it had been last month and high marketing time was 78% faster.  The low sold price was nearly 2.5% higher than last month and low marketing time was 84% Townhouse in Victory Lakesfaster.  Average sold price was up over 3.5% since the previous month and average marketing time was 85% faster.  The sold column definitely tells a different tale about marketing time than the contract column does.  Stay tuned and we'll see what happens in the report. 

The next Victory Lakes Townhouse Report also be out in July and will detail sales from the month of June.  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.  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.  Feel free to start any other neighborhood conversation you like there. It is great when neighbors have a forum to speak with each other.


To see the Victory Lakes Single Family Home Report for May 2014, click the link provided.



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





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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Chris Ann

Thanks for sharing the information on the Victory Lakes Townhomes.

Good luck and success.

Lou Ludwig

Jun 28, 2014 01:51 PM #1
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Lou:  The townhouses in Victory Lakes come in a variety of styles.  Detached garage, no garage, or single or double car garage.

Jun 29, 2014 03:57 AM #2
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Chris Ann Cleland

Associate Broker, Bristow, VA
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