As we draw closer to fall, seems the peak of the hot and humid days of summer in Kingsbrooke are behind us. We know the temperatures were record breaking for July, now let's take a look at the Kingsbrooke single family home market and see what happened. Comparisons will be made to the prior report, June 2011.
KINGSBROOKE SINGLE FAMILY HOMES FOR SALE
4 Active Listings
3 Short Sales, 1 Regular Sale
High List Price was $455,000
Low List Price was $300,000
Average List Price was $375,060
There were exactly the same number of Kingsbrooke single family homes active and availalable for sale in July as there were in June. This time, instead of an even split between Short Sales and Regular Sales, we see Short Sales dominating the inventory. The high list price was $35,100 higher; low list price $25,000 higher. Average list price improved $21,300. As list prices are suggestions, the best idea of market value for Kingsbrooke single family homes will be gleaned from the SOLD column.
KINGSBROOKE SINGLE FAMILY HOMES UNDER CONTRACT
6 Listings were Under Contract
4 Short Sales, 2 Regular Sales
High List Price at Time of Contract was $419,000
High Marketing Time was 42 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 $345,000
Average Marketing Time was 22 Days
There were the same number of Kingsbrooke single family homes under contract as there were last month. And the same split between Short Sales and Regular Sales. The high list price at time of contract was $55,900 lower; high marketing time was 75 days faster. Low list price at time of contract was the same, as was the low marketing time. Average list price at time of contract $4,200; average marketing time was 9 days faster.
KINGSBROOKE SINGLE FAMILY HOMES SOLD
2 Listings Sold
Both Regular Sales
High Sold Price was $465,000
High Marketing Time was 14 Days
Low Sold Price was $300,000
Low Marketing Time was 5 Days
Average Sold Price was $382,500
Average Marketing Time was 10 Days
Two listings sold in July, which is double what sold in June. Again, what is making it to the sold column are regular sales. Since there was only one Kingsbrooke single family home that made it to the sold column last month, it makes no sense to compare the highs and lows, just the average. Average sold price decreased by $17,400; average marketing time increased by 3 days.
The next Kingsbrooke Single Family Home Report will be out in Septebmer and will detail sales from the month of August. 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®
Want to know what's happening with the value of Kingsbrooke Townhouses for July 2011? Click the link for the full report.
Statistics presented are pulled from the Metropolitan Regional Information System (MRIS.)