Woodbridge Virginia Real Estate Market Update August 4, 2014

By
Real Estate Agent with Cell: 703-677-1120

Statistics About Homes Sold In Woodbridge Virginia

Woodbridge Virginia Real Estate News

Homes Sold

Prince William County, VA
Single Family under $500K $379,829 $390,000 60  / 84
Single Family over $500K $703,108 $600,000 93  / 86
Condo/Townhome under $300K $240,371 $249,900 58  / 74
Condo/Townhome over $300K $363,254 $349,000 70  / 72

Overall, the market statistics show that we have a healthy real estate market in Woodbridge, Virginia.

The median SOLD price for homes under $500,000 is higher than the average price.  This means that many homes have sold for more than the list price.  

The median price is the price at which an equal number of homes sold below the median equal the number of homes sold over the number of homes sold above the median.   

The typical DOM for homes priced AT the market is closer to 7 days.  When I say homes priced AT the market, I mean homes that are priced within the range of similar homes recently sold.  For example, you have a house in Westridge, and homes similar to yours have sold for $405,000 and $418,000.  Pricing your home AT the market means pricing it somewhere between $405,000 and $418,000.

Homes that sit unsold are typically priced above the market, or are in poor showing condition.

The average price of homes SOLD over $500,000 is $103,108 above the median sale price.  This shows that significant portion of the homes SOLD have sold for higher values than the median SOLD price.

Condos and townhomes under $300,000 have a median price higher than the average price.  This shows that there have been a significant portion of homes SOLD above the median price.

Condos and townhomes SOLD over $300,000 are enjoying a healthy market, with the average price higher than the median price.

The market for townhomes and condos SOLD below $300,000 is a healthy market right now.  I can tell you from experience that buyers shopping for homes priced below $300,000 need to act fast when they find a home they like, and get the house under contract before someone else grabs it.

You can search for your dream home at my website using special tools to narrow your search.  Just go to www.ErickAndCompany.com.

You can also get customized searches when you text or call Erick Blackwelder at 703-677-1120.

You can also find out more about the real estate on Erick's video blog.

 

 

Posted by

Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity

 

 

 

 

 

 

 

"Hey Erick, tell me more about...."

Click the link above to email a question to me or call me now at 703-677-1120.  

 

 

Equal Housing opportunity.

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