June 2012 Real Estate Market Update for Bristow, VA 20136
The average list price for townhouses in the Bristow area is $286,655. The average re-sale list price for single family homes in neighborhood's like Braemar, Bridlewood, Bridlewood Manor, Brookside, Crossman Creek, Foxborough, Kingsbrooke, New Bristow Village, Lanier Farms, Saybrooke, Sheffield Manor, and Victory Lakeshe is $432,923.
There are 71 homes for sale in Bristow as of July 14, 2012— down 28% from the same time last year. Of the 71 homes for sale, 22 are new construction, 20 are townhouses and 29 are re-sale single families. As prices go up less home owners are under water so we are seeing fewer and fewer distressed sales. At present there's only 12 short sales and two foreclosures.
The month of June was a good month for real estate sales in Bristow. Closed sale was up 21.05% with an average sold price of $340,816, and days on the market is only 14. Properties priced close to market value are seeing multiple offers with the average list price to sold price ratio now at 100.14%.
We are now half way through the summer real estate market an inventory continues to remain low. With less than a three month supply of homes for sale, sellers are truly in control.
June Real Estate Market Update for Prince William County, Manassas City and Manassas Park.
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Susan Jacobs-The Jacobs Team
Prudential Pen Fed Realty
Prince William Chamber of Commerce "Member of the Year 2011"
Your Prince William RealEstate Expert for 20+ years. Let us put our Expertise to work for YOU!
Licensed Real Estate Broker in the Commonwealth of Virginia.