The total dollar volume sold in April 2012 of $35,352,417 was up significantly 31.85% from the previous month! The median sales price was also up to $248,450 an increase of 1.41%.
The average sold price of $263,824 reflected an increase of 5.28% over last month. Average days on market were 70 days and sellers received an average of 96% of their list price.
You may have read on Yahoo news that this year may signal the bottom of the market. That is nationwide but the bottom of the market here in Fairfax County was last year! I hope you didn't miss the bottom. If you did, buy now because the prices seem to be escalating weekly!
Last week, the average mortgage rate on a 30-year fixed was 3.96%. This week is is down to 3.88%! Lock in this week and save.
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My clients, whether they are buyers or sellers get the best possible price! Contact me at 571-722-4348 or visit me on the web at www.JanetLangeRealEstate.com for a complimentary market analysis of your home.
ZIP Codes: 22554, 22556 Approximate Location Boundaries: Quantico on the north and Fredericksburg on the south
Location Characteristics: Before Captain John Smith and Pocahontas visited the area, Native Americans lived in the region. The location was perfect for fishing and hunting. The first English settlement was established in 1647 and Stafford County was formed in 1664. Small farms and plantations, gristmills and sawmills were early industries. Iron works were established that provided arms for the American Revolution and quarries harvested stone and sand that provided building materials for the White House, the Capitol and private homes. In the 1830s, gold mining was a leading industry in the southwestern portion of the county.
During the Civil War, 100,000 troops moved north and south through the county via the rail system. They confiscated food from the land, homes for lodging and churches for hospitals. It wasn't until World War I when the U.S. Marine Corps came to Quantico at the northern end of the county, that prosperity returned.
About Janet Lange:
I graduated from San Diego State University with a BS in Family Studies and have been buying and selling real estate for over 40 years. My continuing education in the real estate field has also earned me the following designations: ABR (Accredited Buyer Representative), e-PRO certification for electronic transactions, CDPE (Certified Distressed Property Expert), GRI (Graduate of the Realtor Institute), SFR (Short Sales Resource), MILITARY RELOCATION SPECIALIST, and SRES (Seniors Real Estate Specialist).
I'm available to assist you with all of your real estate needs. Call me at 571-722-4348. You may also visit me at www.JanetLangeRealEstate.com.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
