It's time to break down the numbers. As a full time real estate professional, I have access to all the data anyone could ask for with regard to the real estate market condition, recent sales and activity. So I thought I would share what's really happening in the local Lake Ridge, Virginia area more precisely the 22192 zip code area.
Stats are an important part of buying a home and selling a home. For example when I come to list your home I want to give you the seller a realistic view of "what's happening not only in your subdivision but the overall zip code area." This will help you understand the big picture. For example if you have a luxury home and you want to price it at $810,000, my recommendation based on the data would be "are you sure? If so you must be willing to sit on the market for quite some time! The numbers don't lie!" Starting with a higher price can be the one thing that keeps your home on the market for months versus proudly displaying a SOLD sign within a few weeks. Notice between the $500,000 and $800,000 price range only seven homeowners closed on their homes in June 2001! Yet their are more than 35 active homeowners in that price range trying to sell. Competition is steep!
So what do the stats tell us. Alot! If you look at the single family homes in 22192 priced in the $300- $399 price range, the active inventory heading into July was 26 homes. So that is less than a two months supply of homes on the market. If this keeps up sellers will be paying less closing costs for home buyers and standing on their price. Note: for those sellers whom are motivated... offering closing cost assistance to first time home-buyers is always a good idea!
So fast forward to August 10th, 2011. You may ask "what's happening right now in the local Lake Ridge Virginia real estate market."
Well today in the 22192 Zip Code area their are 82 Detached Homes For Sale. Take a look right here
- 17 detached homes are priced under $300,000! (Brisk Price Point- 13 Under Contract -Pending Settlement!)
- 22 detached homes are priced between $300,000 and $400,000 ( Brisk Price Point-20 -Under Contract!)
- 24 detached homes are priced between $400,000 and $500,000 ( Brisk Price Point-14-Under Contract!)
- 7 detached homes are priced between $500,000 and $600,000 ( 3 - Under Contract)
- 6 detached homes are priced between $600,000 and 1 Million Dollars ( 3 -Under Contract!)
- 6 detached homes are priced between 1 Million and 2 Million Dollars. ( None- Under Contract...)
So in a nutshell. If you own a single family home in the $300,000 to $500,000 price range and you are thinking of selling...your timing is great. If you are a prospective buyer and you are looking for a single family home in Lake Ridge priced between $300,000 and $500,000 be prepared to put your best foot forward, get pre-approved before we submit your offer and be prepared you might have some competition!
Curious what your home might sell for? Find Out Right Now Start Here
Have a question? Let's talk contact me by email or call 703-851-3085.
Contact Peggy James or Erick Blackwelder of Erick and Company ofExit 1st Choice Realty, WoodbridgeVA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252(Office).Give us a call and we can "GET YOUR HOME SOLD FAST"to list your property for sale we service Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City, Gainesville, Garrisonville and Triangle area's.
Find out what's for sale today in Woodbridge Virginia Click here
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Contact Peggy James or Erick Blackwelder of Erick and Company of Exit Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085(Peggy) 703-590-2252 (Office).Give us a call and we can "GET YOUR HOME SOLD FAST"to list your property for sale we service Woodbridge, Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas,Gainesville, Garrisonville and Triangle area's.Basically all of Prince William County Virginia. Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City.
