Home Sold In RVA
While it's cold right now, this amazing Northside RVA Home sold this week for above median sales price for November 2016. This lovely couple were just "thinking" about buying a home back in October when they came in to meet Reed Wilson of The Wilson Group, and didn't even know they could purchase until NEXT September!!
After discussing their goals, and we offered some advice for getting out of their lease early, PLUS how we help with No Money Down Home Loans with Stacey Seim w/ Atlantic Bay Mortgage Group, they were excited, and left with a game plan.
In 23222, the median sold price for Single Family properties for November was $74,000, representing a decrease of 54.7% compared to last month and a decrease of 11.6% from Nov 2015. The average days on market for units sold in November was 64 days, the same as the 5-year November average of 64 days. There was an 18.8% month over month decrease in new contract activity with 39 New Pendings; an 8.5% MoM increase in All Pendings (new contracts + contracts carried over from October) to 77; and a 9.8% decrease in supply to 83 active units.
You may want to check out Zip Code 23222 Real Estate Market Report
Cut to less than 2 months later, and today they closed and got the keys for their very first home, and paying less than they would be if they had kept renting. With interest rates on the rise, they bought at the perfect time while saving money on all ends.
Check out this article from CNN Money about interest rates rising
Do you need to sell your home? Get your RVA Home Value Here
This is how we LOVE helping first time home buyers in RVA so if you are thinking of buying your very first home, check out some other RVA homes for sale below, and Oh By They Way, We Are Never To Busy For Your Referrals!
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