AveryHess, Realtors® Blog

Bristow, VA Market Report – 10/14/09

The statistics for Bristow really show a market that is stabilizing after two to three years of declines. The $333,441 average price is up a little over one percent from the previous month and up 8.8% from the same period one year ago. If you find yourself asking “Why?” The answer is supply and demand. Inventory is down 28% from one year ago and most of the people who were worried about their job security have had some kind of resolution. Now, participants in the market are benefiting from all of the risk takers before them that helped stabilize the prices.

Bristow, VA Market Report – 9/17/09

A part of Prince William County, Bristow is also located just to the west and south of Manassas in Northern Virginia. Over the past ten years, Bristow has seen its population almost double in size. In the month of August, there were 191 homes listed for sale, a decrease of 5.5% from the 202 that were listed in July. 40 homes were sold in August, which is less than the 50 sales closed in July.

Prince William County, VA Market Report – 9/14/09

Comparing August of 2008 to August 2009, there were 1,318 and 878 new listings, respectively—a decrease of 33%. Closed transactions also saw a drop from August 2008’s 916 units, falling 26% to 678 units this year. On the other hand, pending sales were almost identical—only declining a mere 5.5% from 945 in 2008 to 893 in August of 2009. Plus, this August’s average median price of $230,000 topped the previous average of $220,000. In fact, on average properties sold for 99.1% of their original list price last month!