Kingsbrooke Townhouse Report: February 2014
Seems Kingsbrooke is getting a start on the April showers that will bring May flowers. Yes, it's the end of March and time to look back on the Kingsbrooke townhouse market. As usual, we will make our comparisons to last month (January 2014) and last year (February 2013.)
TOWNHOUSES FOR SALE IN KINGSBROOKE
4 Listings were Active: All Regular Sales
Unlike this time last year, there were a number of Kingsbrooke townhouses available to buyers when February came to a close. The high list price was over 7% higher than it had been last month and the low list price was up nearly 2%. The average list price was up nearly 4% since last month and up 20% since last year. Don't get too excited. Market value is found in the sold column where buyers and sellers agree on a price.
TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE
4 Listings were Under Contract: 3 Regular Sales, 1 Short Sale
Regular sales have been dominating the Kingsbrooke townhouse market for the last year. That's nice to see. The high list price at time of contract was up 7.5% since last month and high marketing time was 42% shorter. The low list price at time of contract and low marketing time were unchanged compared to last month. The average list price at time of contract was up nearly 3.5% since last month and up nearly 1/1,000th of 1% since last year (hardly worth mentioning as an increase.) The average marketing time was 40% faster than it had been last month, but 12% longer than it had been last year.
TOWNHOUSES SOLD IN KINGSBROOKE
5 Listings Sold: All Regular Sales
Happy to have seen five Kingsbrooke townhouses made it to settlement, as opposed to last month's and last year's one settlement. So we'll take our average and compare to what happened in the previous reports. The average sold price was up nearly 2.5% since last month, but down 9% since last year. The average marketing time was 51% faster than last month, but 900% longer than last year. These numbers are confusing, but as a full time agent in the area, let me tell you that the demand for Kingsbrooke townhouses is STRONG. Now is a great time to sell your home. Prices are marching up as buyer demand continues to be a strong force in our market.
The next Kingsbrooke Townhouse Report will be also be out in April and will detail sales from the month of March. Until then, if you are thinking of selling your Kingsbrooke home, give me a call for a free market analysis. I've been a full-time Bristow Real Estate Agent since 2005 and can get you the most for your home in the shortest period of time.
And don't forget to join the Kingsbrooke neighborhoodFacebook group. It is a great place to connect with neighbors and always have access to neighborhood property value reports.
Chris Ann Cleland, Associate Broker-Licensed in Virginia
Long & Foster Gainesville's Top Producing Agent 2013
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)
To view the Kingsbrooke Single Family Home Report for February 2014, click the link provided.
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®.