July 2012 Real Estate Market Update for Bristow, VA 20136

July 2012 Real Estate Market Update for Bristow, VA 20136

As of August 22, 2012 there are 60 homes for sale in Bristow. This is down from the prior month by 11 homes and down 28% from the same time last year. Of the 60 homes for sale 19 are new construction, 25 are re-sale single families and 16 are townhouses. As prices go up fewer home owners are under water so we are seeing fewer and fewer distressed sale's. At present there's only 9 short sales compared to 12 last month and 0 foreclosure's.

The average list price for townhouses in the Bristow area is $309,370 up from last month of $286,655. For resale single families the average list price is $432,272 down just slightly from last month$432,923. Neighborhood's like the  Braemar Community, Bridlewood, Bridlewood Manor, Brookside, Crossman Creek, Foxborough, Kingsbrooke, New Bristow Village, Lanier Farms, Saybrooke, Sheffield Manor, and Victory Lakes are in the 20136 zip code referred to as the Bristow area.

The month of July was a good month for real estate sales in Bristow even with the low inventory. The average sold price was up another 2.95% over last year with an averagedays on the market is only 24. Properties priced close to market value are seeing multiple offers with the average list price to sold price ratio is now at 98.1%.

We are coming in to the last of the summer the real estate inventory continues to remain low. With less than a three month supply of homes for sale, sellers are truly in control.

bristow real estate market update july 2012

The graph have been provided by RealEstate Business Intelligence. Check out the detailed report for zip code 20136 from RBI.

 

June Real Estate Market Update for Prince William County, Manassas City and Manassas Park.

Looking for information on real estate in Prince William County, Manassas or Manassas Park check out www.PrinceWilliamCountyHomeInfo.com

Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today´s market.

"Your One Stop Shop for Real Estate Information!"

Susan Jacobs
703-347-4418
Associate Broker

Re/Max Gateway

Home4Sale@mris.com

www.PrinceWilliamHomeInfo.com

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Comment balloon 1 commentSusan Jacobs • August 23 2012 01:29PM
July 2012 Real Estate Market Update for Bristow, VA 20136
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