Centreville, VA Market Report – 11/11/09

11 Nov
November 11, 2009

Centreville, Virginia is a very popular place to live due to the numerous retail opportunities, a plethora of restaurants in all price ranges, and its close proximity to historical sites within 30 minutes drive time. The moderate average sales price puts Centreville within range of the majority of home buyers.

The data below represents the current market in Centreville:

  • Homes for sale: 351
  • Closed sales: 98
  • Average sales price: $301,899
  • Average days on market: 20

Statistically there is very little change in the average sales price from the same time period one year ago. This is a big change from what we wrote last month when we reported that compared to one year ago, house prices were down 10%. In comparison, the statistical differences are not as dramatic as they have been.

Compared to last month the average price is up a little over 3%. Here, the big difference is in the number of houses available to choose from, which is down 25% from the same time in 2008.

Growing consumer confidence, coupled with investors looking for alternatives to the low rates being paid on savings, is moving more buyers into the market.

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

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

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