Springfield Virginia Real Estate Sales Market Report for October 2009

MyFairfaxCountyRealEstate.com

 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

  Email: natejohnson@kw.com

703-725-2929