Centreville, VA Market Report 8/15/11

15 Aug
August 15, 2011

Centreville continues to mirror the Fairfax County market. Centreville showed a 5% decline in average sales price over July 2011, while the county overall showed a 3.25% decrease.

This appears to be only a slight “hiccup” in our overall stable market.  June showed a healthy increase, and overall the trend is still going upward for the year.

July Statistics for Centreville:

July 2010 July 2011 % change
Avg. sold price $368,140 $349,900 -5%
Avg. Days on Market 32 28 -25%
New Listings 107 150 40%
Active listings 160 175 9%

 

All indications show that the Centreville market will enjoy a steady increase in value.  We must remember that July of 2010 contained a larger number of foreclosures and short sales, which are down considerably in 2011.

If you considering buying now, don’t hesitate, interest rates continue at all time lows.

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

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