Kingsbrooke Market Report Nov 14, 2014 - Jan 14, 2015

By
Real Estate Agent with Long and Foster Manassas

Kingsbrooke Market Report Nov 14, 2014 - Jan 14, 2015

 

Townhome sales in the Kingsbrooke subdivision of Bristow have stayed fairly steady over the last several months.  This report looks at sales for the two month period from November 14 to January 14, and compares it to the previous two months and to the same period last year.

Four Homes sold between November 14 2014 and January 14, 2015

Address

Price

Days on Market

13510 GROUSERUN LN

$262,000

0

13430 CATAPULT LN

$288,000

13

8824 HOWLAND PL

$280,000

15

8951 BENCHMARK LN

$305,000

8

Average Sales Price:

$283,750

10.5

 

Two additional homes are under contract (7-102 days on market, with a median of 55 days).  There are five active listings with an average price of $280,000.  The market has slowed considerably over the holidays, both on the listing side and on the buying side.  The active listings have all been on the market for a month or more.

September 2014-November 2014 Statistics:

Eight homes sold at an average of $281,862.  Days on market ranged from 0 to 55 with a median of 23 days.

November 2013-January 2014 Statistics:

Four homes sold at an average of $278,725.  Days on market ranged from 4 to 61 with a median of  6 days.

Current average sales price is less than 1% higher than the 2 months prior and 1.8% higher than the same period last year.  Inventory is stabilizing, and prices are stable. 

If you’d like to know what your home is worth on today’s market, please contact me!  I’d be happy to complete a no-obligation market analysis specifically tailored to your home.

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Topic:
Real Estate Market Trends
Location:
Virginia Prince William County Bristow
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Tags:
market report
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Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Wow, 10 days on market on average before those homes in Kingsbrooke go flying into a purchase contract is remarkable for your area, Pat.

Feb 27, 2015 01:49 AM #1
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

OK, Pat!  It's time to write another post!  Hope you're keeping warm and dry.

Mar 10, 2015 01:30 PM #2
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I was looking for your current blogs. I hope all is going well for you.

Mar 14, 2015 04:20 AM #3
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Pat McCormick

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