Tuesday, November 10, 2009

Burke Virginia Real Estate Sales Market Report for October 2009 - Single Family Homes, Townhomes, Condos




 October 2009 Burke Real Estate Sales Market Report

Summary:
In October, Burke homes are selling very fast.  Alot of people are moving to burke because of its great location and home prices.  Only 31% of the homes were distressed properties this month.  This is still pretty high overall.  This number should drop next month.

Contact us if you are thinking about buying or selling in Burke

Single Family Homes Burke
  • Sold Burke Homes in October 2009: 23 homes
  • Average Sold Price: $455,578
  • Median Sold Price: $455,000
  • Homes sold for about: 98.0% of asking price
  • Average Days on Market: 63 days 
Out of the 23 Burke home sales in October - 6 (26%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Burke
  • Sold Burke Townhomes in October 2009: 33 homes
  • Average Sold Price: $297,409
  • Median Sold Price: $312,900
  • Homes sold for about 100.6% of asking price
  • Average Days on Market: 32 days
Out of the 33 Burke townhomes that sold in October - 10 (30%) were distressed (foreclosure, bank owned, short sale).

Condos in Burke
  • Sold Burke Condos in October 2009: 14 homes
  • Average Sold Price: $220,421
  • Median Sold Price: $215,000
  • Homes sold for about 99.9% of Asking price
  • Average Days on Market: 38 days
Out of the 14 Burke condos that sold in October - 6 (43%) were distressed (foreclosure, bank owned, short sale).


Burke zip codes - 22009, 22015



703-725-2929



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Oakton Virginia Real Estate Sales Market Report for October 2009




 October 2009 Oakton Real Estate Sales Market Report

Summary:
In October, Oakton only had 13 homes sell.  Oakton is not that big so 13 homes is OK for this market. Distressed properties are very rare here in Oakton.

Contact us if you are thinking about buying or selling in Oakton

Single Family Homes Oakton
  • Sold Oakton Homes in October 2009: 6 homes
  • Average Sold Price: $984,500
  • Median Sold Price: $750,000
  • Homes sold for about: 95.5% of asking price
  • Average Days on Market: 65 days 
Out of the 6 Oakton home sales in October - 0 (0%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Oakton
  • Sold Oakton Townhomes in October 2009: 7 homes
  • Average Sold Price: $458,985
  • Median Sold Price: $384,999
  • Homes sold for about 98.3% of asking price
  • Average Days on Market: 83 days
Out of the 7 Oakton townhomes that sold in October - 2 (29%) were distressed (foreclosure, bank owned, short sale).

Condos in Oakton
  • Sold Oakton Condos in October 2009: 4 homes
  • Average Sold Price: $261,250
  • Median Sold Price: $255,000
  • Homes sold for about 99.6% of Asking price
  • Average Days on Market: 17 days
Out of the 4 Oakton condos that sold in October - 0 (0%) were distressed (foreclosure, bank owned, short sale).


Oakton zip codes - 22124


703-725-2929



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Alexandria Virginia Real Estate Sales Market Report for October 2009




 October 2009 Alexandria Real Estate Sales Market Report

Summary:
In October, Alexandria continues to have the most homes on the market and sell the most homes out of any city in Fairfax County. Along with that comes very high distressed property numbers. Which is great for buyers.

Contact us if you are thinking about buying or selling in Alexandria

Single Family Homes Alexandria
  • Sold Alexandria Homes in October 2009: 96 homes
  • Average Sold Price: $461,387
  • Median Sold Price: $435,000
  • Homes sold for about: 98.5% of asking price
  • Average Days on Market: 76 days 
Out of the 96 Alexandria home sales in October - 27 (28%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Alexandria
  • Sold Alexandria Townhomes in October 2009: 81 homes
  • Average Sold Price: $357,188
  • Median Sold Price: $360,000
  • Homes sold for about 99.2% of asking price
  • Average Days on Market: 38 days
Out of the 81 Alexandria townhomes that sold in October - 20 (25%) were distressed (foreclosure, bank owned, short sale).

Condos in Alexandria
  • Sold Alexandria Condos in October 2009: 52 homes
  • Average Sold Price: $186,931
  • Median Sold Price: $196,000
  • Homes sold for about 98.8% of Asking price
  • Average Days on Market: 55 days
Out of the 52 Alexandria condos that sold in October - 22 (42%) were distressed (foreclosure, bank owned, short sale).

Alexandria zip codes -22303, 22306, 22307, 22308, 22309, 22310, 22312, 22315


703-725-2929



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Annandale Virginia Real Estate Sales Market Report for October 2009




 October 2009 Annandale Real Estate Sales Market Report

Summary:
In October, Annandale condos are 60% distressed.  This number is higher than any other condos in any other fairfax county city.   Homes are still selling, but inventory continues to be low. 

Contact us if you are thinking about buying or selling in Annandale

Single Family Homes Annandale
  • Sold Annandale Homes in October 2009: 33 homes
  • Average Sold Price: $422,539
  • Median Sold Price: $431,500
  • Homes sold for about: 97.8% of asking price
  • Average Days on Market: 63 days 
Out of the 33 Annandale home sales in October - 9 (27%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Annandale
  • Sold Annandale Townhomes in October 2009: 11 homes
  • Average Sold Price: $271,090
  • Median Sold Price: $250,000
  • Homes sold for about 103.3% of asking price
  • Average Days on Market: 41 days
Out of the 11 Annandale townhomes that sold in October - 8 (73%) were distressed (foreclosure, bank owned, short sale).

Condos in Annandale
  • Sold Annandale Condos in October 2009: 26 homes
  • Average Sold Price: $146,688
  • Median Sold Price: $124,500
  • Homes sold for about 100.3% of Asking price
  • Average Days on Market: 30 days
Out of the 26 Annandale condos that sold in October - 17 (65%) were distressed (foreclosure, bank owned, short sale).


Annandale zip codes - 22003



703-725-2929



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Springfield Virginia Real Estate Sales Market Report for October 2009




 October 2009 Springfield Real Estate Sales Market Report

Summary:
In October, Springfield has been a great area for first time home buyers. There have been a lot of distressed properties and home prices are mostly under 400k  As you can see from the report below.  Homes are selling pretty close to their list price.  Only on rare occasions is this not true in our NOVA market right now.

Contact us if you are thinking about buying or selling in Springfield

Single Family Homes Springfield
  • Sold Springfield Homes in October 2009: 71 homes
  • Average Sold Price: $390,904
  • Median Sold Price: $370,000
  • Homes sold for about: 100.2% of asking price
  • Average Days on Market: 48 days 
Out of the 71 Springfield home sales in October - 26 (37%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Springfield
  • Sold Springfield Townhomes in October 2009: 38 homes
  • Average Sold Price: $303,637
  • Median Sold Price: $310,000
  • Homes sold for about 99.8% of asking price
  • Average Days on Market: 27 days
Out of the 38 Springfield townhomes that sold in October -  17 (45%) were distressed (foreclosure, bank owned, short sale).

Condos in Springfield
  • Sold Springfield Condos in October 2009: 4 homes
  • Average Sold Price: $162,750
  • Median Sold Price: $142,000
  • Homes sold for about 93.8% of Asking price
  • Average Days on Market: 126 days
Out of the 4 Springfield condos that sold in October - 1 (25%) was distressed (foreclosure, bank owned, short sale).


Springfield zip codes - 22150, 22151, 22152, 22153, 22156, 22158, 22159, 22160, 22161


703-725-2929



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McLean Virginia Real Estate Sales Market Report for October 2009





October 2009 McLean Real Estate Sales Market Report

Summary:
In October, McLeans higher priced homes thrived. There are very few distressed properties in Mclean so prices are holding strong and closings are happening quickly. Days on the market are way down also.

Contact us if you are thinking about buying or selling in McLean

Single Family Homes McLean
  • Sold McLean Homes in October 2009: 24 homes
  • Average Sold Price: $1,626,667
  • Median Sold Price: $1,350,000
  • Homes sold for about: 91.6% of asking price
  • Average Days on Market: 27 days 
Out of the 24 McLean home sales in October - 1 (.04%) was distressed (foreclosure, bank owned, short sale).

Townhomes in McLean
  • Sold McLean Townhomes in October 2009: 9 homes
  • Average Sold Price: $683,956
  • Median Sold Price: $590,000
  • Homes sold for about 97.1% of asking price
  • Average Days on Market: 167 days
Out of the 9 McLean townhomes that sold in October - 1 (11%) was distressed (foreclosure, bank owned, short sale).

Condos in McLean
  • Sold McLean Condos in October 2009: 26 homes
  • Average Sold Price: $292,519
  • Median Sold Price: $300,000
  • Homes sold for about 96.3% of Asking price
  • Average Days on Market: 50 days
Out of the 26 McLean condos that sold in October - 6 (23%) were distressed (foreclosure, bank owned, short sale).


McLean zip codes - 22101, 22102, 22103, 22016


703-725-2929




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Falls Church Virginia Real Estate Sales Market Report for October 2009




 October 2009 Falls Church Real Estate Sales Market Report

Summary:
In October, Falls Church has had some pretty reasonable prices for Single Family homes and condos.  You just have to act quick. About half of these were distressed properties.  So Falls Church is still getting hit by this market.
Contact us if you are thinking about buying or selling in Falls Church

Single Family Homes Falls Church
  • Sold Falls Church Homes in October 2009: 50 homes
  • Average Sold Price: $471,716
  • Median Sold Price: $405,000
  • Homes sold for about: 98.8% of asking price
  • Average Days on Market: 53 days 
Out of the 50 Falls Church home sales in October - 20 (40%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Falls Church
  • Sold Falls Church Townhomes in October 2009: 13 homes
  • Average Sold Price: $443,688
  • Median Sold Price: $458,450
  • Homes sold for about 98.4% of asking price
  • Average Days on Market: 51 days
Out of the 13 Falls Church townhomes that sold in October - 0 (0%) were distressed (foreclosure, bank owned, short sale).

Condos in Falls Church
  • Sold Falls Church Condos in October 2009: 40 homes
  • Average Sold Price: $197,500
  • Median Sold Price: $212,000
  • Homes sold for about 96.8% of Asking price
  • Average Days on Market: 60 days
Out of the 40 Falls Church condos that sold in October - 9 (23%) were distressed (foreclosure, bank owned, short sale).


Falls Church zip codes - 22040, 22041, 22042, 22043, 22044, 22046


703-725-2929




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Monday, November 9, 2009

Vienna Virginia Real Estate Sales Market Report for October 2009




October 2009 Vienna Real Estate Sales Market Report

Contact us if you are thinking about buying or selling in Vienna

Single Family Homes Vienna
  • Sold Vienna Homes in October 2009: 44 homes
  • Average Sold Price: $681,363
  • Median Sold Price: $660,000
  • Homes sold for about: 97.7% of asking price
  • Average Days on Market: 51 days 
Out of the 44 Vienna home sales in October - 3 (7%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Vienna
  • Sold Vienna Townhomes in October 2009: 11 homes
  • Average Sold Price: $486,550
  • Median Sold Price: $425,000
  • Homes sold for about 97.2% of asking price
  • Average Days on Market: 37 days
Out of the 11 Vienna townhomes that sold in October - 0 (0%) were distressed (foreclosure, bank owned, short sale).

Condos in Vienna
  • Sold Vienna Condos in October 2009: 15 homes
  • Average Sold Price: $309,406
  • Median Sold Price: $312,000
  • Homes sold for about 99.3% of Asking price
  • Average Days on Market: 31 days
Out of the 15 Vienna condos that sold in October - 2 (13%) were distressed (foreclosure, bank owned, short sale).


Vienna zip codes - 22180, 22181, 22182, 22183, 22184, 22185



703-725-2929





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Chantilly Virginia Real Estate Sales Market Report for October 2009





October 2009 Chantilly Real Estate Sales Market Report

Summary:
In October, Chantilly sales were dominated by condos.  A shocking 75% of these were distressed properties. If you are looking for a great deal contact us today!
Contact us if you are thinking about buying or selling in Chantilly

Single Family Homes Chantilly
  • Sold Chantilly Homes in October 2009: 12 homes
  • Average Sold Price: $421,208
  • Median Sold Price: $396,000
  • Homes sold for about: 97.4% of asking price
  • Average Days on Market: 63 days 
Out of the 12 Chantilly home sales in October - 5 (42%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Chantilly
  • Sold Chantilly Townhomes in October 2009: 1 home
  • Average Sold Price: $300,000
  • Median Sold Price: $300,000
  • Home sold for about 100% of asking price
  • Average Days on Market: 48 days
Out of the 1 Chantilly townhome that sold in October - 1 (100%) were distressed (foreclosure, bank owned, short sale).

Condos in Chantilly
  • Sold Chantilly Condos in October 2009: 20 homes
  • Average Sold Price: $144,799
  • Median Sold Price: $120,000
  • Homes sold for about 99.9% of Asking price
  • Average Days on Market:  48 days
Out of the 20 Chantilly condos that sold in October - 15 (75%) were distressed (foreclosure, bank owned, short sale).


Chantilly zip codes - 20170, 20171, 20172, 20192, 22095



703-725-2929
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Clifton Virginia Real Estate Sales Market Report for October 2009






 October 2009 Clifton Real Estate Sales Market Report

Summary:
In October, Clifton had least amount of homes sold in Fairfax County.  There are fewer homes here in Clifton which will contribute to these low numbers. Plus alot of people forget to search for Clifton Homes.

Contact us if you are thinking about buying or selling in Herndon

Single Family Homes Clifton
  • Sold Clifton Homes in October 2009: 12 homes
  • Average Sold Price: $683,817
  • Median Sold Price: $620,000
  • Homes sold for about: 97.6% of asking price
  • Average Days on Market: 138 days 
Out of the 12 Clifton home sales in October - 3 (25%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Clifton
  • Sold Clifton Townhomes in October 2009: 2 homes
  • Average Sold Price: $290,000
  • Median Sold Price: $255,000
  • Homes sold for about 100% of asking price
  • Average Days on Market: 13 days
Out of the 2 Clifton townhomes that sold in October - 1 (50%) were distressed (foreclosure, bank owned, short sale).

Condos in Clifton
  • Sold Clifton Condos in October 2009: 1 home
  • Average Sold Price: $210,000
  • Median Sold Price: $210,000
  • Homes sold for about 100% of Asking price
  • Average Days on Market: 10 days
Out of the 1 Clifton condo that sold in October - 0 (0%) were distressed (foreclosure, bank owned, short sale).


Clifton zip codes - 20124



703-725-2929
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Sunday, November 8, 2009

Herndon Virginia Real Estate Sales Market Report for October 2009




 October 2009 Herndon Real Estate Sales Market Report

Summary:
In October, Herndon had the highest % of distressed properties in Fairfax County. Sale prices are coming in very close to asking prices and sometimes over.  Days on the market is skewed some because of the short sales.  Some of these short sales that closed had been on the market for 100+ days.

Contact us if you are thinking about buying or selling in Herndon

Single Family Homes Herndon
  • Sold Herndon Homes in October 2009: 32 homes
  • Average Sold Price: $461,740
  • Median Sold Price: $480,000
  • Homes sold for about: 97.8% of asking price
  • Average Days on Market: 27 days 
Out of the 32 Herndon home sales in October - 9 (28%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Herndon
  • Sold Herndon Townhomes in October 2009: 27 homes
  • Average Sold Price: $244,666
  • Median Sold Price: $200,000
  • Homes sold for about 99.5% of asking price
  • Average Days on Market: 29 days
Out of the 27 Herndon townhomes that sold in October - 18 (67%) were distressed (foreclosure, bank owned, short sale).

Condos in Herndon
  • Sold Herndon Condos in October 2009: 13 homes
  • Average Sold Price: $183,884
  • Median Sold Price: $174,000
  • Homes sold for about 99.5% of Asking price
  • Average Days on Market: 54 days
Out of the 13 Herndon condos that sold in October - 8 (62%) were distressed (foreclosure, bank owned, short sale).


Herndon zip codes - 20170, 20171, 20172, 20192, 22095



703-725-2929



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Saturday, November 7, 2009

Reston Virginia Real Estate Sales Market Report for October 2009




October 2009 Reston Real Estate Sales Market Report

Single Family Homes Reston
  • Sold Reston Homes in October 2009: 18 homes
  • Average Sold Price: $587,270
  • Median Sold Price: $510,000
  • Homes sold for about: 96.5% of asking price
  • Average Days on Market: 75 days 
Out of the 18 Reston home sales in October - 5 (28%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Reston
  • Sold Reston Townhomes in October 2009: 45 homes
  • Average Sold Price: $358,933
  • Median Sold Price: $359,000
  • Homes sold for about 99% of asking price
  • Average Days on Market: 42 days
Out of the 45 Reston townhomes that sold in October - 11 (24%) were distressed (foreclosure, bank owned, short sale).

Condos in Reston
  • Sold Reston Condos in October 2009: 48 homes
  • Average Sold Price: $250,141
  • Median Sold Price: $245,000
  • Homes sold for about 98.3% of Asking price
  • Average Days on Market: 48 days
Out of the 48 Reston condos that sold in October - 17 (35%) were distressed (foreclosure, bank owned, short sale).


Reston zip codes - 20190, 20191, 20194, 20195, 20196, 22096




703-725-2929



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Friday, November 6, 2009

Fairfax Virginia Real Estate Sales Market Report for October 2009


October 2009 Fairfax Real Estate Sales Market Report

Single Family Homes Fairfax
  • Sold Fairfax Homes in October 2009: 49 homes
  • Average Sold Price: $527,726
  • Median Sold Price: $508,000
  • Homes sold for about: 97.5% of asking price
  • Average Days on Market: 45 days 
Out of the 49 Fairfax home sales in October - 10 (20%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Fairfax
  • Sold Fairfax Townhomes in October 2009: 59 homes
  • Average Sold Price: $399,637
  • Median Sold Price: $389,000
  • Homes sold for about 99.7% of asking price
  • Average Days on Market: 36 days
Out of the 59 Fairfax townhomes that sold in October - 19 (32%) were distressed (foreclosure, bank owned, short sale).

Condos in Fairfax
  • Sold Fairfax Condos in October 2009: 34 homes
  • Average Sold Price: $248,214
  • Median Sold Price: $250,000
  • Homes sold for about 99.3% of asking price
  • Average Days on Market: 46 days
Out of the 34 Fairfax condos that sold in October - 13 (38%) were distressed (foreclosure, bank owned, short sale).


Fairfax zip codes - 22030, 22031, 22032, 22033, 22034, 22035, 22036, 22037, 22038




703-725-2929



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Thursday, November 5, 2009

Centreville Virginia Real Estate Sales Market Report for October 2009





October 2009 Centreville Real Estate Sales Market Report

Single Family Homes Centreville

•Sold Centreville Homes in October 2009: 29 homes
•Average Sold Price: $468,958
•Median Sold Price: $456,000
•Homes sold for about: 99.6% of asking price
•Average Days on Market: 53 days

Out of the 29 Centreville home sales in October - 15 (52%) were distressed (foreclosure, bank owned, short sale).

Townhomes in Centreville

•Sold Centreville Townhomes in October 2009: 57 homes
•Average Sold Price: $270,641
•Median Sold Price: $267,800
•Homes sold for about 97.2% of asking price
•Average Days on Market: 13 days

Out of the 57 Centreville townhomes that sold in October - 30 (53%) were distressed (foreclosure, bank owned, short sale).

Condos in Centreville

•Sold Centreville Condos in October 2009: 17 homes
•Average Sold Price: $156,524
•Median Sold Price: $124,900
•Homes sold for about 98.3% of asking price
•Average Days on Market: 9 days

Out of the 17 Centreville condos that sold in October - 8 (47%) were distressed (foreclosure, bank owned, short sale).




Email: natejohnson@kw.com
703-725-2929

 


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