Lake Ridge Virginia Real Estate News: Lake Ridge Virginia Real Estate Market Update

Lake Ridge Virginia Real Estate Market Update

Lake RIdge Virginia Real Estate News

 

The Lake Ridge real estate market is fairly brisk this time of year.

The average time it is taking to get an offer on a home listed is 44 Days.  Of course some may be on the market longer or shorter depending on the condition of the home and the price.

I noticed a acreage home with a pool went under contract in days of listing over off Russell Rd and another luxury home on an acreage lot in Westridge went under contract this week as well.

A gentleman who visited one of our Open Houses was waiting for his home to sell down at the end of Lake Ridge near Rt 123 in Luca Station and his home went Under Contract. So things are selling.

Even a condo we have on the market in Sherbrook received an offer quick and is closing next week.

Traffic on our Open Houses has been BRISK.

Here are some more stats to think about if you are pondering the thought of buying a home or selling a home soon in the Lake Ridge Virginia area. Don't hesitate...interest rates are low, there is grant money available for Home Buyers who make less than $125,000 a year and who have a credit score above 640. So now is a very good time to buy.

7 out of 20 Homeowners who CLOSED ( Settled) did not assist with closing costs!

Most homeowners received close to List Price ( if they were priced at Fair Market Value)

So to be successful when buying a home keep those stats in mind. Reach out to  Patty Blackwelder  703-801-9367 she works as an Exclusive Buyers Agent to help you find the best home that meets your needs and wants. There is NO COST to have Patty help you. Plus she knows Lake Ridge like the back of her hand!

Current Homes For Sale in the 22192 Zip Code Area:

 23 Single Family Homes For Sale in Lake Ridge Virginia

 95 Townhomes for sale in Lake Ridge

 21 Condo Units For Sale in the Lake Ridge Virginia area.

Now let's talk about the rental market.

Current Homes in the 22192 Zip Code Area For Rent:

 23 Single Family Homes For Rent with an average list price of $2580. Note homes in Old Bridge   Estates, Westridge, River Falls, Coventry Glen and Crestridge, Reids Prospect and Cannon Bluff average in the $2800 and above monthly with the highest being $4100.00 a month.

 43 Townhouses For Rent in Lake Ridge Virginia area.Average price is $1795.00 per month rent.

 10 Condo Units For Rent in Lake Ridge Virginia. Average price is $1250.00 per month

 

So the stats show us that if you are a home buyer looking for a townhouse to buy or rent you have a great deal of choices. Sellers and Landlords need to be aware of these stats. Average time to rent a property is 45 days. The best time to get a renter is in the first five days of any given month.

Well that's all for today folks. If  you have a local real estate question. Just pick up the phone and call me at 703-851-3085. It would be my pleasure to assist you.

Have a super weekend!

 

Peggy James
 My direct #:703-851-3085
 

Search homes for sale in or local Prince William County Virginia area and Eastern Fairfax County near Fort Belvoir Virginia.

 
Twins Selling Real Estate
 
 
 

"Our Goal is Your Goal!"


Twins Selling Real Estate EXIT Realty Associates 8998 C Lorton Station Blvd, Lorton Virginia 22079 Equal Housing Opportunity Call 703-851-3085
Comment balloon 3 commentsPeggy James • September 12 2015 06:17AM

Comments

Nice update...the DOM stat is nice and low...that is good news!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 3 years ago

Peggy James you are so right Inventory is low on the Eastern side of Prince William County in many price points. Rentals under 1200.000 are almost non -exist and Single Family Homes with center islands and open space under $400,000 are like looking for a needle in a Haystack they are there but you must move quick. Buyers looking for single family homes in the $425,000 to $450,000 range have a few more options. Townhomes priced between $350,000 and $400,000 typically offer all the upgrades buyers are looking for you may even find a new built.New Single Family Homes are starting in the $480,000+ price range. Now when you shift out to Bristow and Gainesville inventory is building sharply in many price points. Real Estate is hyper local call me if you need help.

Posted by Patty Blackwelder, Top Producing Realtor-New Home Buyer Specialist (Twins Selling Real Estate) about 3 years ago

Peggy - These are very valuable real estate market stats for Lake Ridge, Virginia.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) about 3 years ago

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