Market Conditions for Prince William County, Virginia Reported by Janet Lange, ABR, e-PRO, GRI, SRES Updated May 10, 2012.

Current Market Rating: 4 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

The total dollar volume sold in April 2012 was $143,174,121 which reflected an increase of 18.33% over the previous month in Prince William County. Average days on market were only 50 days and sellers received an average of 97% of their list price.

Dont't hesitate to purchase now and miss the bottom of the market. We are seeing homes with multiple offers in less than a week and prices seem to be escalating weekly!

Last week, the average mortgage rate on a 30-year fixed was 3.88%. This week is is down to 3.8%! Lock in this week and save.

If you are interested in selling, please call me for a complimentary market analysis. If you are interested in buying, interest rates and prices are still low -- don't wait until the prices climb higher. Contact me at 571-722-4348 or visit www.JanetLangeRealEstate.com for more information.


ZIP Code: 22192

Approximate Location Boundaries: Southern Boundary is Quantico, Northern Boundary is Occoquan River

Location Characteristics: Prince William County is bordered by the Potomac River, Fairfax, Fauquier and Stafford Counties. The county boasts Virginia Route 28, US Route 29, I-66 and I-95 which intersect it and make it a relatively easy commute to points north and south. PW County also enjoys a wonderful mix of business, education, historical sites, retail, waterscapes and homes of every size and price. Woodbridge and Manassas are two towns located at opposite ends of Prince William County, both with rich history and nationally recognized shopping. Prince William County offers good value to homeowners who wish a little more space for a less money.

History:
The earliest inhabitants of eastern Prince William County were nomadic hunters and gatherers who farmed and established villages along the shores where fishing was best as early as 500-900 AD. Deep creeks that drained into the Potomac cut across wide portions of the land, where the buffalo roamed at that time.

The northern most town of Occoquan was established in 1804 and was part of the major mail route from Washington DC. It boasted inns, meeting places, restaurants and wine cellars. Many doctors and lawyers who practiced in neighboring towns were residents. Its industries included cotton, flour, and grist mills as well as a bustling harbor.

Belmont, a 3,000-acre stretch of land from Neabsco Creek to the Occoquan River was owned by
George Mason, a prominant plantation owner and author of the Bill of Rights. He built a 534-acre plantation on the southern shore of the Occoquan River. A beautiful community known as Belmont Bay with marina, golf course, condos, townhomes and single family homes has recently been developed in that area of Woodbridge, VA.

South of Woodbridge, the town of Dumfries was established by Scottish merchants who had settled in the vicinity of the Dumfries tobacco warehouses in 1749. Dumfries' harbor reportedly rivaled the port of New York in total shipping during the 1700s.

Quantico, now the home of the USMC Marine Corps, the southernmost town, was a fishing village in the 1900s and boasted a train depot. A beach with dressing rooms and refreshment stands was developed to cater to tourists who arrived by train from Washington DC and Richmond. By 1916, it has also become one the the largest shipyards in the western hemisphere. In 1918 Congress paid $475,000 to the Quantico Land Company to house the Marine Corps' new training facility.

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