Kingsbrooke Single Family Home Report: July 2011

By
Real Estate Broker with Long & Foster REALTORS®, Gainesville, VA VA License # 0225089470

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®

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

______________________________________________

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.)

 

Posted by

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

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Rainmaker
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Anne Clark
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I wonder what will happen to the sold prices when the short sales that are pending make it to settlement.

August 20, 2011 01:38 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Anne:  You'd be surprised how many Short Sales get high prices in neighborhoods.  Short Sales don't take as long as they used to, so Buyers are beginning to treat them more like normal sales.

August 20, 2011 03:52 PM
Rainmaker
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Anne Clark
Metro Referrals

Is the report for Kingsbrooke Single Family Homes for August 2011 almost ready?

September 02, 2011 07:18 PM
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Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Anne:  Not quite yet.  In about a week or so.

September 02, 2011 07:54 PM
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Chris Ann Cleland

Associate Broker, Northern VA
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