Burke, VA Market Report – 12/18/2013

18 Dec
December 18, 2013

Just think! The sold dollar volume has gone up 16.91% from a short year ago. All indications say our housing market continues to increase while days on market decrease. With interest rates hovering around 4.5% , it’s a great day to be buying a home. If you’ve been listening to the recent news commentaries about our housing market, you’ve heard we are out of the recession, interest rates WILL rise next year and housing prices will continue to rise as well.

So…if interest rates are low and home prices are at their lowest price this year, why not take advantage of the market today? It’s not too late to buy yourself a home for Christmas!  Call us.

  November 2013 November 2012 October 2013
Total Revenue $14,461,031 $12,369,760 $18,282,987
Average Sold Price $401,695.00 $374,841.00 $435,309.00
Units Sold 36 33 42
Average Days on Market 28 49 37
Active Listings 68 51 75
New Listings 47 33 66
New Pending Sales 39 39 57

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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