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Virginia Run Activity

Virginia Run Activity

Virginia Run started out a tad slower this year, with there being only 2 sales in January compared to 4 in 2016 and 3 in 2015.  I see that as typical, though, as there was very little inventory to choose from.  I expected to see inventory increase substantially in February and it sure did, with 14 new listings coming on the market!  There were only 4 homes that came under contract in February (same as in 2015) so hopefully we will see some buyers making buying decisions, as there is inventory to choose from.  The warmer weather should help and I know we are looking to get our homes out there earlier this year than in the past to take advantage of that.  Typically there are 4-5 homes sold in February and there were 4 this February, same as last year.  I look to see the market heat up in March as relocation buyers start showing up and then some of the folks on the fence will feel a little more urgency.  As the market unfolds I will, as usual, keep you informed.

I first put this out there last year just to keep up with what I consider to be our sister neighborhood.  There are many similarities but also many differences so I thought I would put it out there.  This year we can see the side by side comparison that allows us to look at it with a little more clarity.  I also included the schools just to show the difference in the ratings on GreatSchool.com which is on Zillow.  I did not do side by side on that but Virginia Run dropped to 6 from 7  and Westfield dropped to 5 from 6.  Stone stayed the same but Liberty dropped from 9 to 8, Centreville dropped from 7 to 6 and Union Mill stayed the same at 8.  Our average prices are higher in every category but they gained ground in most every category as well.  It is really amazing to me how similar the numbers are year to year on the number of sales and listings for each neighborhood.  We have been tracking Virginia Run for many years and it really helps us to help our sellers and our buyers for that matter! 

VIRGINIA RUN 2017


 

  These stats are on Virginia Run. The first section covers what is currently available. I use the square footage analysis and the tax assessment analysis here. I also note the lot size. The main numbers I use from this are average list price per square foot and the ratio of the tax assessment to the list price. It is important to note that the square footage is the number that is reflected in the tax records and may not be accurate. It does NOT include the basement. The Second section notes the homes that are currently under contract. These are the homes that have sold most recently and a good reflection of what is getting offers in the current marketplace. The only new information here is the contract date and the days on the market up until it went under contract. The last section consists of the homes that have actually closed. I note the actual sales price plus any concessions or subsidies assessment to the sales price. This gives us a historical reflection but the under contracts give us the most current price per square foot that buyers are paying. At the bottom of the page, you can find links to homes sold in the neighborhood by year since 2010.

 

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Click 2 See 2016 Sales
Click 2 See 2015 Sales
 Click 2 See 2014 Sales 
Click 2 See 2013 Sales
Click 2 See 2012 Sales
Click 2 See 2011 Sales
Click 2 See 2010 Sales