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

MyFairfaxCountyRealEstate.com

 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

  Email: natejohnson@kw.com

703-725-2929