Bristow, VA Market Report – 8/24/11

24 Aug
August 24, 2011

Wow, what’s going on in Bristow?  Coupled with Gainesville ,they are Prince William County’s hot spots!

Sales volume is up 26% year over year.  While much of our area saw a decline, and Prince William County overall only showed slightly over 1%.  Foreclosures are down over 55% from last year.  The strong growth is driven by the number of newer homes on the market as well as reasonably priced new construction.

July 2010 July 2011 % change
Total Sales Volume $15,303,100 $19,302,017 26.13%
Avg. sold price $332,676 $344,679 3.61%
Avg. DOM 33 21 -37.36%
Under Contract 124 108 -12.9%
Active listings 77 104 35%
New listings 52 46 13%

 

With interest rates at an absolute all time low now is the time to make that decision to sell or buy.  If you are considering selling and moving up to a new home, the builders are making deals and offering incentives.  While resales are up, new construction sales are down, builders are ready to put you in that new home now.  Further, with the average days on the market down to less than half of Prince William County, now is the time!

Market data, commentary, and statistics proved by Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles Area Office, Centreville, VA.

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