Kingsbrooke Townhouse Report: August 2014
As the daylight is waning with each passing day, and the leaves begin to show their brilliant color, there is no doubt that summer is over and fall has arrived in Kingsbrooke. This is one of my favorite seasons. However, it is time to look back at August, the last month of summer, and see what happened in the Kingsbrooke townhouse market. For the sake of comparison, we'll look back to last month (July 2014) and last year (August 2013.)
TOWNHOUSES FOR SALE IN KINGSBROOKE
7 Listings were Active: 6 Regular Sales, 1 Short Sale
Not a whole lot changed from July to August in the active listings of Kingsbrooke townhouses. There was only one more active listing in August. As opposed to last month, one of these was a Short Sale. The high and low list prices did not change compared to last month. The average list price went up 6/10th of 1% since last month and was up nearly 8% compared to last year. Of course, list prices are suggestions. Market value truly comes to light in the sold column.
TOWNHOUSES UNDER CONTRACT IN KINGSBROOKE
3 Listings were Under Contract: 2 Regular Sales, 1 Short Sale
There were two fewer Kingsbrooke townhouses under contract in August than there had been in July. The high list price at time of contract was down 3.5% compared to last month and the marketing time went up by five days, or 16%. The low list price at time of contract and low marketing time was unchanged month to month. The average list price at time of contract was down over 3.5% compared to last month and down nearly 5.5% compared to last year. The average marketing time only went up by one day, or 1%, compared to last month, but was 100% shorter than it was last year.
TOWNHOUSES SOLD IN KINGSBROOKE
4 Listings Sold: All Regular Sales
What we were lacking the under contract section, we partially make up for here in the sold column, with three more sales going to settlement in August. Since there was only one in July, we'll just look at our average comparisons. The average sold price was up over 5.5% compared to last month, but down nearly 1% since last year. The average marketing time was 33% faster compared to last month, but was 233% longer than it had been last year.
The next Kingsbrooke Townhouse Report will be out in October and will detail activity from September. Until then, if you are thinking of selling your Kingsbrooke townhouse, give me a call for a free market analysis. I've been a full-time Bristow Real Estate Agent since 2005. Getting your home sold for the highest price in the shortest amount of time is what I do best.
Also, feel free to join my Kingsbrooke Facebook group. You will be able to connect with neighbors over a variety of topics and will always find links to each month's Kingsbrooke real estate market reports in there from me.
To view the Kingsbrooke Single Family Home Report for August 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
Top Producing Agent 2013 & 2011
Long & Foster REALTORS®, Manassas, VA
The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.