Burke, VA Market Report – 8/27/13

27 Aug
August 27, 2013

It’s good to see an active selling market again. While some areas are experiencing the typical summer slow-down because so many are taking advantage of vacations, it’s a great day for real estate regardless of whether you’re in the market to buy or ready to sell.

Homes coming on the market are selling within a month.   Buyers are taking advantage of the low interest rates and buying before prices and interest rates go higher. In July, over 38 homes sold in less than 10 days for top dollar!

Just remember, today our buyers want move-in ready and, in Burke, there are wonderful homes ready to move in to. If you’re planning to sell, take the time to look around your house and fix anything you see that needs fixing. As you can see, you’ll not only get top dollar for your home, it will sell quickly.

  July 2013 July 2012 June 2013
Total Revenue $29,418,133 $23,090,976 $33,639,588
Average Sold Price $426,350.00 $405,105.00 $442,626.00
Units Sold 69 57 76
Average Days on Market 24 28 11
Active Listings 75 73 57
New Listings 108 63 75
New Pending Sales 86 65 66

Just remember, our agents at Avery-Hess, Realtors are experts in the field of real estate. We’re available to answer any questions you may have so don’t hesitate to contact us. Visit our website at www.AveryHess.com.     

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Patricia Mancini, Managing Broker at the Avery Hess, Realtors Springfield Office

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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