Centreville, VA Market Report – 12/18/09

18 Dec
December 18, 2009

Centreville is a very popular place to live due to the numerous retail opportunities and a plethora of restaurants in all price ranges. It provides easy access to Route 29 and Route 66 for commuting to Washington DC, Fairfax and Tysons Corner–in addition to all of the employment opportunities along Route 28 in Chantilly and Sterling.

The report below reflects the current market in Centreville, Virginia:

  • Homes for sale: 332
  • Closed sales: 98
  • Average sold price: $306,090
  • Average days on market: 33

Last month there was very little change statistically in the average sales price from the same time period one year ago. The month before that, house prices were down 10% compared to one year ago. However, this month the numbers show prices up 3.8% from one year ago. Clearly, Centreville is now joining the ranks of markets where the stats show stability to increasing prices.

Growing consumer confidence, an extension and expansion of the Federal Housing Tax Credit, along with investors looking for long term, high growth investments are 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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