Bristow, VA Market Report – 1/4/10

04 Jan
January 4, 2010

Bristow, has a wide range of home styles and prices. The majority of homes in Bristow were built and sold during the real estate boom years of 2003-2006, so there have been many sales that were either owned by banks or sold by sellers with no equity–foreclosures and short sales, respectively. This has not deterred anyone from buying here, as can be seen by the rising prices month after month.

Here is a complete analysis of last month’s housing market in Bristow, Virginia:

  • Homes for sale: 154 (virtually unchanged from last month)
  • Closed sales: 32
  • Average sold price: $317,677
  • Average days on market: 26 (virtually unchanged from last month)

As home prices were in the low $300,000s last month and continuing to rise,  Bristow remains an affordable and in-demand place to live. The average sales price of $317,677 is still below 2008’s average, but has been slowly climbing since hitting its lowest point in December 2008. A year ago it took 76 days for a house to sell, a far cry from last month’s 26 days. Once again, interest rates are still low, consumer confidence is rising, and inventory is reduced, causing high buying activity in the $300,000 price range.

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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