Centreville, VA Market Report 1/31/11

31 Jan
January 31, 2011

Gotta love those economists! A couple of months ago they were all on TV talking about the dreaded “Double Dip” for real estate. Now the local DC area economists are starting to talk about the impending housing shortage and what it is already doing to house prices.

So what is the lesson here? Don’t listen to the experts. When you are ready to own your own place, or go buy a bigger one, Like Nike says, “Just Do It!”

Looking for a good place to live? Check out Centreville, Virginia.

The following statistics reflect the real estate market in Centreville, Virginia:

  • Homes for sale: 307 (down from 333 in November, and up a tad from the 288 in December last year.)
  • Homes Sold: 78 (Up from 64 in November and down from 90 one year ago during the home buyer tax credit frenzy.)
  • Average sold price: $315,810 (up from $304,655 at the same time last year.)
  • Average days on market: 44 (very stable all year in mid 30s to low 40s.)

So what’s important to help you make a good purchase? The most important thing is a reputable company backing up a top-notch agent. The agent has to be one that will fully represent your interests and stress over every detail to insure that your transaction goes as hassle free as possible. And the company has to be there for you with the full resources of a well-capitalized company, for when real problems arise, as they sometimes do.

Market data, commentary and statistics provided by David Hess, Executive Vice President.
Search for homes in Centreville, and all of the DC Metro:
www.averyhess.com

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