AveryHess, Realtors® Blog

Bristow, VA Market Report – 5/4/12

We continue experience the lowest inventory levels Northern Virginia has seen in the past 5 years. Prince William County and the Bristow market mirror this trend.

Pending sales in the Bristow market exceed the active listings by 41%, and total sales volume is up 28% over February.  Our market in Prince William County experienced a high volume in July 2011, then showed a steady decline through October, and now has shown a rapid recovery from November through March. Bristow leads this trend.

All indications are that this trend will continue into the early Summer market.

Market Stats for Zip Code 20136

March 2011 March 2012 % change
Total Sales Volume $15,118,148 $14,256,547 -5.70%
Avg. sold price $343,594 $365,552 6.39%
Avg. DOM 57 46 -19.30%
Units sold 44 39 -11.36%
Under Contract 128 103 -19.53%
Active listings 75 73 -4%
New listings 66 68 3.03%

With interest rates at an absolute all time low, home prices remaining steady, and inventory at a 5 year low, now is the time to make that decision to sell or buy.  If you are considering selling and moving up, now is the time.

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

Leave a Reply