Kingsbrooke Townhouse Report: June 2014
It is hard to believe that the summer is two-thirds over. It has been a relatively mild summer so far in Kingsbrooke. Not too much of the hazy, hot and humid we are used to in Bristow. Also a little bit busier summer in the Bristow real estate market than I expected. Let's take a look back at the month of June and see what happened in the Kingsbrooke townhouse market. We'll make comparisons to last month (May 2014) and last year (June 2013.)
TOWNHOUSES FOR SALE IN KINGSBROOKE
2 Listings were Active: Both Regular Sales
There were two Kingsbrooke townhouses on the market as June came to a close. That's double what we had when May ended. Since there was only one townhouse for sale in Kingsbrooke at the end of last month, let's just look across the averages. The average list price was down 3% compared to last month, but up over 6% compared to last year. Of course, the best idea of market value comes from the sold column.
TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE
4 Listings were Under Contract: 2 Regular Sales, 2 Short Sales
When it came to Kingsbrooke townhouses that were under contract, we had exactly the same number in June as we did in May. The high list price at time of contract was up over 3.5% since last month and high marketing time only lengthened by 7%. the low list price at time of contract was unchanged, as was the low marketing time, compared to last month. The average list price at time of contract was down over 2% since last month and down over 3.5% since last year The average marketing time was 45% longer than it had been last month, but down 38% since last year. Confused yet? Well...let's go to the sold column for some clarity.
TOWNHOUSES SOLD IN KINGSBROOKE
2 Listings Sold: Both Regular Sales
Only two Kingsbrooke townhouses made it to settlement in June. That's a lot less than we saw settle in May. The high sold price was down over 7.5% compared to last month, but the high marketing time was 94% faster. The low sold prcie was up 9.5% compared ot last month, but the low marketing time rose by 25%. The average sold price was down 8/10th of 1% since last month and was down 6/10th of 1% since last year. The average marketing time was 76% shorter than it had bee in May and was 75% shorter than it had been in June 2013. So when it comes to the solds, values of Kingsbrooke townhouses are steady.
The next Kingsbrooke Townhouse Report will be out in August and focus on sales from July. 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.
To view the Kingsbrooke Single Family Home Report for June 2014, click the link provided.
Statistics compiled by Chris Ann Cleland using the MRIS (Metropolitan Regional Information Systems.)
Chris Ann Cleland, Associate Broker-Licensed in VA
2013 Top Producing Agent & 2013 Top Selling Agent, Long & Foster REALTORS® Gainesville, VA
The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.