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.
Holly Weatherwax, Associate Broker
EcoBroker,Graduate of Realtors Institute,Accredited Buyers Representative,e-pro
If I can assist you with the purchase or sale of property in Northern Virginia, please visit my website: www.greatexperience.net , my blog Real Estate and Reston or email me at hollyweatherwax@mris.com. My direct number is 571-643-4902.
I believe buying or selling real estate should be a GREAT EXPERIENCE!
The net price in single family homes seems to have taken the biggest hit.