Victory Lakes Single Family Home Report: July 2012
In the blink of an eye, summer will be over and the Victory Lakes' pool will be closed. But before summer slips away, we'll look back at July's activity for the single family home market in Victory Lakes. We'll make comparisons to last month (June 2012) and last year (July 2011.)
SINGLE FAMILY HOMES FOR SALE IN VICTORY LAKES
4 Listings were Active: All Regular Sales
There were exactly the same number of active single family home listings in Victory Lakes in July as there had been in June. The high list price and low list price were unchanged compared to last month. The average list price was less than 1/2% lower than it had been last month, but was nearly 14% higher than it had been last year. As always, please keep in mind that list prices are suggestions and the best ideas of market value always comes from the sold column.
SINGLE FAMILY HOMES UNDER CONTRACT IN VICTORY LAKES
The high and low list price at time of contract were both unchanged compared to last month. The high marketing time was 17.5% shorter than it had been last month. The low marketing time was 20% longer than it had been last month. The average list price at time of contract was nearly 1% lower than it had been last month, but was 4.5% higher than it had been last year. The average marketing time was 32% shorter than it had been last month, and 37% shorter than it had been last year.
SINGLE FAMILY HOMES SOLD IN VICTORY LAKES
5 Listings Sold: All Regular Sales
Since there were no sales last month, we can only make comparisons to last year. The average sold price was 3.7% higher than it had been last year. The average marketing time was nearly 5% shorter compared to last year.
Overall, the trend with prices is slightly down looking to last month, but up compared to last year.
The next Victory Lakes Single Family Home Report will be out in September and will detail sales from the month of August. Until then, if you want to investigate your home's worth in today's market, give me a call for a free market analysis. I've been a full-time Bristow Real Estate Agent since 2005 and a Short Sale Agent since 2007. No matter what your equity position, I can get the most money in the shortest amount of time for your Victory Lakes home.
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)
To see the Victory Lakes Townhouse Report for July 2012, click the link provided.