Gainesville, VA Market Report – 3/12/12

12 Mar
March 12, 2012

As the year begins we have another “hot market” to add to the list of areas we will review periodically.  Looking at the last five years, the Gainesville inventory is currently at an all time low of 121 units, with its high of 500 occurring in February 2007. Sold properties remained relatively steady, hovering between 40 and 50 units.  This low inventory level reflects the overall trend we are seeing for Northern Virginia and Prince William County.

Statistics for Zip Code 20155

January 2011 January 2012 % change
Total Sales Volume $8,703,759 $13,902,040 59.72%
Avg. sold price $378,426 $347,551 -8.16%
Avg. DOM 54 75 38.89%
Units sold 23 40 56.52%
Under Contract 90 102 13.33%
Active listings 151 121 -19.87%
New listings 46 72 56.62%

With interest rates at an absolute all time low, home prices remaining steady and inventory at a 5 year low, if you are considering selling and moving, now is the time to make that decision to sell or buy. Builders continue to offer great incentives on new homes.

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

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