Kingsbrooke Single Family Home Report: June 2011

By
Real Estate Agent with Long & Foster REALTORS®, Manassas, VA VA License # 0225089470

Seems summer just arrived in Kingsbrooke, and yet, it will be over before we know it.  I can't believe it's already mid-July.  With June behind us, we can at least take a look back at the resale market for Kingsbrooke single family homes and see what's happening.  As usual, comparisons will be made to last report, May 2011 in this case.

ACTIVE SINGLE FAMILY HOME LISTINGS IN KINGSBROOKE

4 Active Listings

2 Regular Sales, 2 Short Sales

High List Price was $419,900

Low List Price was $275,000

Average List Price was $353,700

There were four times the number of active single family home listings in Kingsbrooke in June, than there had been in May.  High list price is $119,900 higher.  Low list price is $25,000 lower.  Average list price is $53,000 higher.  Two things that people reading this report should keep in mind.  1) List prices are suggestions and are not as good of indicators of market value as SOLD prices are.  2) There are single family homes of all sizes in Kingsbrooke.  The sizes and styles do affect prices.  The listings above, and in the under contract category, represent large and small single family homes in Kingsbrooke.

SINGLE FAMILY HOMES UNDER CONTRACT IN KINGSBROOKE

6 Listings were Under Contract

4 Short Sales, 2 Regular Sales

High List Price at Time of Contract was $474,900

High Marketing Time was 117 Days

Low List Price at Time of Contract was $250,000

Low Marketing Time was 4 Days

Average List Price at Time of Contract was $340,800

Average Marketing Time was 31 Days

There were two more Kingsbrooke single family home listings under contract than there were in May.  Unlike the even split between Short Sales and Regular Sales last month, Short Sales dominated this category in June.  High list price at time of contract was $75,000 higher; high marketing time the same.  Low list price at time of contract was the same; low marketing time sped up by 3 days.  Average list price at time of contract was $20,850 higher; average marketing time sped up by two weeks.

SINGLE FAMILY HOMES SOLD IN KINGSBROOKE

1 Listing Sold

A Regular Sale

High Sold Price was $399,900

High Marketing Time was 7 Days

Low Sold Price was $399,900

Low Marketing Time was 7 Days

Average Sold Price $399,900

Average Marketing Time was 7 Days

With only one Kingsbrooke single family home listing sold in June, it's best to compare only the average this month and the average from May.  Average sold price decreased by $3,267 and average marketing time was 18 days faster this month. 

The next Kingsbrooke Single Family Home Report will be out in August and will detail sales from the month of July.  Until then, if you are thinking of placing your Kingsbrooke single family home on the market, I'd love to meet with you.  I've been a full-time Bristow real estate agent since 2005 and a Short Sale Agent since 2007.  No matter your equity position, I can help you get your Kingsbrooke home sold for the highest possible price in the shortest amount of time.

Chris Ann Cleland, Associate Broker-Licensed in Virginia, Long & Foster REALTORS®

703-402-0037, ChrisAnn@LNF.com, www.NVARealEstate.net

 

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Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

What gorgeous properties you have in that area. I love the architectual detail. So Cal homes are SO different.

Jul 15, 2011 05:44 PM #1
Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Chris Ann - You always do such an excellent job with your real estate market reports and this report for Kingsbrooke is no different.  I feel like it's been summer here for the last 4 months and it won't be ending anytime soon.

Jul 15, 2011 05:52 PM #2
Rainmaker
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Elizabeth Arduain
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

This is a bautiful home Chris Ann, I hope your locals will appreciate all the hard work you do putting together these market stats.

Jul 15, 2011 05:53 PM #3
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Cathy Bureau
www.GreenHomeRealty.com - Alamo Heights, TX
Your Personal Real Estate Concierge

Very nice report; I like your blog layout!

Jul 15, 2011 05:54 PM #4
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

More homes coming on the market here probably reflects the prime selling season. Good mix of inventory. I like that you can divide single family and the condo market for an area. Great job Chris Ann.

Jul 15, 2011 07:23 PM #5
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

I think you hit on an important part, Chris Ann, that people seem to look only at the "for sale" prices and they forget that those prices are not necessarily the "sold" prices. The only prices that really matter for any reason are the "sold" prices, but people so rarely remember or even look them up.

Jul 16, 2011 12:07 PM #6
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Melissa:  I'd probably love to see something outside of the typical colonial.  The grass is always greener on the other side, right?

Michelle:  I bet you get quite a long summer there in Florida.  Northern Virginia's is usually June-September in terms of summer temps.

Elizabeth:  Me too.

Cathy:  Thanks.  Simple and easy to duplicate.

Gary:  Thanks.  No sense lumping them all in together.

Elizabeth W:  And that's where a lot of unrealistic expectations begin.

Jul 16, 2011 01:20 PM #7
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Chris Ann Cleland

Associate Broker, Northern VA
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