Prince William County, VA Market Report – 12/30/10

30 Dec
December 30, 2010

Prince William is still growing and has become one of the richest counties in the United States. Currently, with adjacent Fairfax County mostly developed, the eye is on Prince William to provide new business space.

With the eastern part of the county located on the I-95 corridor it gives a straight commute to Washington, DC and with the western part of the county located close to the Dulles Airport, the county remains very popular for reasonably priced homes.

Home to one of the most beautiful new buildings in the area, The Hylton Center for Performing Arts has been likened to the Sydney Opera House.

Prince William was one of the hardest hit counties in the area when the market took the turn for the worse and although new listings and closed sales are down from last year, the median sales price is up which is very encouraging.  Below is a snapshot of activity in our area for last month with a comparison to the year before.

November

2009 2010 Change
New Listing 700 624 -10.9%
Closed Sales 667 428 -35.8%
Pending Sales 498 584 +17.3%
Median Sales Price $225,995 $252,000 +11.5%
Average Days on Market 42 51 +19.8%

Market data and commentary provided by Steve Mayes, Managing Broker, Avery-Hess, Realtors.

Search for homes in Prince William County, and all the DC Metro: www.averyhess.com

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