Centreville, VA Market Report 11/03/11

03 Nov
November 3, 2011

The Centreville market is divided into 2 distinctive markets 20120 located North of Lee Highway and 20120 which is South of Lee Highway.

The Southern zip code has enjoyed more stability in sales, average sales price and days on the market.  The 20210 zip code, which suffered in 2010 from a huge number of foreclosures and an exaggerated drop in average sales price has been slower to recover and has lagged well behind the overall increase of 10% in average sales price in Fairfax County over September, 2010.

Let’s Look at September’s Stats:

September 2010 September 2011 % change
Avg. Sales Price $337,481 $333,431 -1%
Avg. DOM 32 42 32%
Total Unit sales 83 79 -4.8%
Active listings 207 164 -20%

 

All indications are that as the Centreville market will enjoy a recovery of the average sales price in the 4th quarter and 1st quarter of 2012.

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Jim Agnew Managing Broker Avery Hess, Realtors, Dulles Regional Office

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