Tag Archive for: Centreville Real Estate

Centreville, VA Market Report – 6/10/13

10 Jun
June 10, 2013 The Centreville market is divided into two distinctive markets. 20121 is located North of Lee Highway, with 20120 to the South of Lee Highway.  In line with Northern Virginia and Fairfax County, the Centreville market is experiencing the lowest inventory in 5 years, and sales are reaching the number of active listings, creating Sellers’ market with average days on the market below 30. April 2012 April 2013 % change Avg. Sales Price $346,987 $375,953 8.4% Avg. DOM 25 22 -12% Total Unit sales 96 92 5% Active listings 105 51 -51% If you're considering selling, now is the time!  It’s time to take advantage of this exceptional Seller’s Market.  Select and compare 2 to Read more [...]

Centreville, VA Market Report 11/12/12

12 Nov
November 12, 2012 The Centreville market is divided into 2 distinctive markets 20121 located North of Lee Highway and 20120 which is South of Lee Highway. In line with Northern Virginia and Fairfax County, the Centreville market is experiencing the lowest inventory in 5 years and sales are reaching the number of active listings creating Sellers’ market with average days on the market below 30. In October 2007 in Fairfax County, there were 7,560 active properties on the market and 845 sales.  By comparison, in September 2012, there were 2,598 active listings and 1007 sales. November 2011 November 2012 % change Avg. Sales Price $333,432 $339,136 1.7% Avg. DOM 42 27 -35% Total Unit sales 39 52 30% Active Read more [...]

Centreville, VA Market Report 4/5/12

05 Apr
April 5, 2012 The Centreville market has seen a nice recovery since a very sluggish 4th quarter in 2011, even though days on the market has increased. Centreville is one of 3 markets in Fairfax County with a high percentage of townhouses and lower priced detached homes. Read more [...]

Centreville, VA Market Report 1/16/12

16 Jan
January 16, 2012 The Centreville market has seen a 10% decline in average sales price from December 2010, while Fairfax County has also seen a reduction of 2.3%. Centreville is one of 3 markets in Fairfax County with a high percentage of townhouses and lower priced detached homes. Read more [...]

Centreville, VA Market Report 12/28/11

28 Dec
December 28, 2011 The Centreville market is divided into 2 distinctive markets 20120 located North of Lee Highway and 20121 which is South of Lee Highway. The Southern zip code has enjoyed more stability in sales, average sales price and days on the market. Read more [...]

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. Read more [...]

Centreville, VA Market Report 8/15/11

15 Aug
August 15, 2011 Centreville continues to mirror the Fairfax County market. Centreville showed a 5% decline in average sales price over July 2011, while the county overall showed a 3.25% decrease. This appears to be only a slight “hiccup” in our overall stable market. June showed a healthy increase, and overall the trend is still going upward for the year. Read more [...]

Centreville, VA Market Report 3/28/11

28 Mar
March 28, 2011 How does the Real Estate Market look for Northern Virginia this year? All of the signs are for a strong market and increasing listing and sales prices. Due to continued low interest rates and low inventories, the demand from buyers will continue to outrun the supply. Read more [...]

Centreville, VA Market Report 1/31/11

31 Jan
January 31, 2011 Gotta love those economists! A couple of months ago they were all on TV talking about the dreaded “Double Dip” for real estate. Now the local DC area economists are starting to talk about the impending housing shortage and what it is already doing to house prices. So what is the lesson here? Don’t listen to the experts. When you are ready to own your own place, or go buy a bigger one, Like Nike says, “Just Do It!” Read more [...]

Centreville, VA Market Report 8/20/10

20 Aug
August 20, 2010 For close to a year, I have been saying that prices in Centreville were continuing to move up after prices bottomed out in December 2008. The increase in confidence paired with amazingly low interest rates fueled a growing trade up market where existing homeowners with equity started selling their house to buy a bigger one. This has helped pull up the average sales price.Even with only a four and a half month supply of houses, I expect the second half of this year to have fewer transactions than the first half because the First Time Homebuyer Tax Credit distorted the market. Read more [...]