Market Update: Lake Anne, Reston, Virginia (20190)

Despite what you hear in the press, I found this to be a very busy Spring.  As you can see from the numbers below, homes continue to sell in Lake Anne but fewer sold this Spring than sold at the same time last year, particularly in the condominium segment.    

Number of Detached Homes Sold From 4/1/08-6/30/08:    4
Average Net Price in 2008: $ 651,375
Number of Detached Homes Sold From 4/1/09-6/30/09:   6
Average Net Price in 2009:   $ 529,000
Percentage Price Change:  -18% (but a very small sample size may provide skewed results)

Number of Townhouses Sold From 4/1/08-6/30/08:  
34
Average Net Price in 2008:  $
406777
Number of Townhouses Sold From 4/1/09-6/30/09:    34
Average Net Price in 2009:    $ 387,697
Percentage Price Change:  -4%

Number of Condominiums Sold From 4/1/08-6/30/08:    54
Average Net Price in 2008:  $ 338,428
Number of  Condominiums Sold From 4/1/09-6/30/09:  40
Average Net Price in 2009:    $ 331,937
Percentage Price Change:  -2%

There were 92 units (all types of housing) sold in 2008 in Lake Anne and only 80 sold in 2009 for a 13% decrease in the number of units sold. Price decreases were most significant in the Detached Home segment with prices dipping slightly in the townhouse and condominium sales.

This date is from the MRIS system.

If you are interested in buying or selling a home in Lake Anne, I would be happy to meet with you and discuss how these numbers will impact your investment. My direct line is 571-643-4902.

 

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 Momentum Realty

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Comment balloon 1 commentHolly Weatherwax • July 08 2009 07:37AM

Comments

The net price in single family homes seems to have taken the biggest hit.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) about 9 years ago

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