Bristow, VA Market Report – 11/18/09

18 Nov
November 18, 2009

New. It’s is how someone would describe Bristow, since the houses, roads, restaurants and retail stores have all been built in the last five to ten years. The following numbers reflect the housing market in Bristow, Virginia.

  • Homes for sale: 155
  • Closed sales: 48
  • Average sold price: $315,179
  • Average days on market: 28

With prices now down into the low $300s and starting to rise, Bristow is not only new, but hot, too! The average sales price of $315,179 is still below 2008′s average, but has been rising slowly since bottoming out last December. This time last year it took 97 days to sell a house, compared to this past month when it only took 28 days. Low interest rates, rising consumer confidence and reduced inventory is causing a buying frenzy in the low $300s–which is Bristow’s sweet spot.

At some point soon prices in Bristow have to soar because there is not going to be anything left to buy. Inventory is down 31 percent from one year ago and has dropped 10 percent just in the past 30 days. So while I have not said this in any of my blog posts in the past, if you want to live in Bristow, now is the time to act!

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Bristow, and all of the DC Metro: www.averyhess.com

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