Manassas, VA Market Report – 9/20/10

20 Sep
September 20, 2011

The City of Manassas is an independent city located in the heart of Prince William County, and it is the original County Seat of Prince William County, much as the City of Fairfax, an independent city is the County Seat for Fairfax County. Much of county government still functions within the city limits.

The City has a rejuvenated and revived Old Town section, with many new and diverse restaurants offering a selection from handmade hamburgers to gourmet and ethnic foods. It’s a great place to visit.  Click the link to learn more http://www.visitmanassas.org/camera/

Let’s take a look at the stats for August:

August 2010 August 2011 % change
Sold Dollar Volume $8,372,648 $8,082,315 -3.47%
Avg. sold price $170,870 $207,239 21.28%
Median Sold Price $136,900 $207,500 51.57%
Avg. DOM 35 42 20%
New Listings 64 55 -14%
Active listings 98 72 -26%

 

This a very small community that realized a huge number of foreclosures and short sales in 2010, hence the great difference in the median and average sold price for these 2 years.  Now, the market has stabilized and numbers fall more in line.  Much as Prince William County has recovered so has the city of Manassas.

Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles Regional Office

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