Real Estate News About Woodbridge, Mount Vernon, and Lorton Virginia: July 2008

Woodbridge VA Homes Sold In July 2008 Up 253% Over July 2007

According to our beloved Metropolitan Realtors Information Services (MRIS) database used by Realtors for listing and selling houses, July 2008 home sales in Woodbridge are up 253% compared to July 2007.

There were 265 homes SOLD in July 2007.

There are 672 homes SOLD so far in July 2008.

Are we seeing a trend, or just a blip?

Well, so far in 2008, the number of homes SOLD each month have been substantially higher when compared to the same months in 2007.

You may call it any way you like.  I call it a trend. 

Meanwhile, only 279 homes were newly listed for sale this month.  Just 279 new listings hit the market in Woodbridge in the month of July.


Sales are exceeding the pace of new inventory coming on the market.

"Erick, when will the prices hit bottom?"  Sorry... the bottom came and went.  However, prices are not rocketing up.

"Erick, my house was worth $XXX,XXX in 2005, but houses like mine are selling this year for $xxx,xxx.  When will my house be worth $XXX,XXX again?"

According to previous market cycles, you may expect a 2005 price for your home in 7-8 years.

Past history does not predict future performance, but what else do we have?

Opportunities Are Everywhere...We Can Help You Find Your Dream Home.

 

 

 

 

 

Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252  list your property for sale or to  purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany,  Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

 

Equal Housing OpportunityContact Erick Blackwelder

Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity

 

 

 

 

 

 

 

"Hey Erick, tell me more about...."

Click the link above to email a question to me or call me now at 703-677-1120.  

 

 

Equal Housing opportunity.

Comment balloon 0 commentsErick Blackwelder • July 29 2008 02:05PM
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