He Asked: "How Long Will It Take To Sell My Home In Westridge Subdivision Near Lake Ridge Virginia?"

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Real Estate Agent with Twins Selling Real Estate Team 0225018862

I was recently approached by a local homeowner who lives in Westridge Subdivision. He was toying with the idea of selling his home, however  he was under the impression the market was horrible. He said "I  dread putting my  home on the market For Sale, keeping a lockbox on forever and just the pain of having people come and go for weeks. Peggy,I have to mentally prepare myself."

I said," Oh boy do I have good news for you!"

The real estate market has been moving at a steady pace here in the Lake Ridge Virginia area. Westridge Subdivision is a very sought after community and one where detached homes tend to sell faster, than in local communities. It could be the fact the community has it's own elementary school, or five miles of running trails, or an awesome swim team however I believe it has a lot to do with location and lifestyle that Westridge offers. I suggested he take a look at my LakeRidgeVARealEstateNews Blog and sign up to receive an RSS Feed to keep up with what happening in and around the Lake Ridge Virginia area.Take a look at a post I wrote about Westridge some time ago.

I explained to him, that the average home in Westridge is selling in less than 40 days when priced at a Fair Market Price and that the average sales price is about $465,000 for a single family home. Of course he had one of the larger homes, and I said, just know that one of the custom homes on Tilney Ct just sold for $615,000!  He said, gosh thanks...I had no idea. I thought it was a horrible time to sell.

        Don't be shy, if your curious what your home would sell for. Give me a call at 703-851-3085.

 
 Detached Homes Sold and Settled
 
Westridge Subdivision
Here are the statistic's for 2008 versus 2009

       As of 12/31/09                 2008   2009  % change
Number of  Homes Sold           11    12  
Average List Price  $495,000 $474,400  -4.2%
Average Sales Price  $475,364 $463,688  -2.5%
Seller Contribution      $9500     $9710  +2.2%
Net Sales Price  $465,864 $453,978  -2.6%
Average Days On Market      83     37  -44.5%

The main difference between 2008 and 2009 is the days it takes to sell a home. Inventory is low and that means if you are thinking of selling, now is the time to command the best price! We call that The Winter Advantage. While others are still packing up the holiday decor, you can get your home on the market and under contract, before the traditional spring market starts, Spring Market traditionally starts around March 15th and last through the end of June.

selling real estate in winter months

Regarding the townhome activity. There were approximately fourty townhomes that have sold in each calendar year. The average list price from 2008 to 2009 dropped 3.1%, so that is not great news, however townhomes are selling quickly within 24 days on average in 2009, compared to 45 days on average in 2008. Also, good news for sellers is the  Seller Contributions towards a buyers closing costs has dropped several thousands  of dollars compared to 2008 settled statistic's! So it's not all bad. 2010 should be a great year if you need to sell your home.

  

   Check out the Current Homes Actively For Sale In Westridge

                                   Click Here

 

         * note anything with a star after the sales price is a short sale-call me for more information.

Do you have questions about the market conditions in your community?  Just give us a call, all of us at Erick and Company have  been serving Woodbridge Virginia Home Buyers and Sellers for decades. Call 703-5851-3085  or contact me by email  if you need assistance.  

Contact Peggy James or Erick Blackwelder  of Erick and Company of Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office).If you are a homeowner who has a home to sell, we have  buyers ready and waiting for nice homes to come on the market. Give us a call and we can "GET YOUR HOME SOLD FAST" to list your property for sale we service  Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Manassas Park, Haymarket,Montclair, Dumfries, Occoquan, Dale City, Gainesville, Aquia Harbor, Garrisonville and Triangle area's . 
                                
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Posted by

Peggy James
Twins Selling Real Estate Team
EXIT CHOICE REALTY
My direct # is 703-851-3085
 
 
Twins Selling Real Estate Woodbridge Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Visit our website  at  TwinsSellingRealEstate.com 
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Subscribe to my local blog LakeRidgeVARealEstateNews.com to keep up with market activity, and tips for home buyers and sellers in the Lake Ridge Virginia area.
 
 
Note: This real estate blog is written by me Peggy James and it is is my opinion and may not reflect the opinion of Exit Choice Realty 14067 Crown Ct, Woodbridge Virginia 22193.I have been blogging since 2008 and I am a full time REALTOR® .

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Topic:
Home Selling
Location:
Virginia Prince William County Woodbridge Westridge
Groups:
Advice for Sellers
Virginia neighborhoods
Tags:
westridge subdivision
22192
market reports
lake ridge virginia real estate information

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Rainmaker
388,234
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties

Price, condition, location and hiring a real estate professional are the keys to a successful real estate transaction.

Jan 02, 2010 08:50 AM #1
Rainmaker
403,886
Peggy James
Twins Selling Real Estate Team - Lake Ridge, VA
Lake Ridge Virginia Real Estate Specialist

Hi Heath,

True, however given the current market conditions here  in Prince William County Virginia, all homes are selling relatively quickly. Condition and location always affect price. The less your home is updated and current, that will affect your list price. If you are a local homeowner who would like tips on how to get your home Market Ready. Give me a call. 703-851-3085.

 

Jan 02, 2010 09:28 AM #2
Rainmaker
529,827
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Peggy, your real estate market in the Westridge subdivision of Woodbridge VA looks very healthy. Wishing you health, wealth & happiness in 2010.

Jan 02, 2010 01:22 PM #3
Rainmaker
403,886
Peggy James
Twins Selling Real Estate Team - Lake Ridge, VA
Lake Ridge Virginia Real Estate Specialist

Hi Mana,

Thank you for commenting. Westridge is "as you put it Healthy" however it all depends on when someone purchased.The real estate market is certainly down from 2005,2006. But it's all realtive. In 1989, I purchased a home in Westridge for  $190,000.  We sold it for $219,900 five years later.Today that home would sell for $419,900. So in twenty years it has more than doubled in price.

For anyone in the Lake Ridge Virginia area who purchased a home before 2004, they should be in good shape if they need to sell in 2010.

Jan 02, 2010 03:14 PM #4
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Rainmaker
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Peggy James

Lake Ridge Virginia Real Estate Specialist
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