Luxury homes over one million dollars are selling well this year as market adjustments have made luxury homes more affordable.
Now I realize that the words "million dollar luxury homes" and the word "affordable" don't belong in the same sentence for some readers.
However, when you consider that my parent's "starter home" cost $9,000 in 1948, that my "starter home" in Lake Ridge cost $105,000 in 1983, and that a basic starter home now runs $200,000 or more, it brings the market into focus.
My daughter's first automobile, a humble Volkswagen, cost 150% more than my parent's first home.
Turning back to million dollar homes in Prince William, you can get a heck of a bargain when you compare a home like the one that sold January 10, 2008 on Bearherst for $1,153,000 to a similar house in Fairfax County, you'll notice right away that the house in Fairfax would sell for well over $2,000,000.
The house that sold in July on Windermere View in River Falls for $1,394,000 is set on acres of sumptuous wooded land that would rival many $3,000,000+ homes in Fairfax.
In just the first nine months of the year, over 18 million dollar home sales have closed, and 5 more million dollar homes are under contract.
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