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Virginia Run Activity

Virginia Run Activity

We saw improvement over the sluggish March market (2 homes Under Contract) with 10 homes coming under contract in April and 7 in May.  That is identical to April and May of 2016!!  However, the difference for the year is that we had 13 homes come under contract last March and only 6 this March.  I had hoped to see some improvement over the last two months, but that was not the case.   There are currently 18 active listings in the neighborhood, which is lower than usual… so that is a plus.  If you take the $3.4 million one on Kentwell out of the equation, you have an average LIST price of the active listings of $729,338.  Nine of them are in the $600,000’s, with the lowest price currently active in the neighborhood of $600,000.  One is $945,000 and one is $899,900. The rest are in the $700,000’s.  I look to see more activity in the higher price ranges and I am hoping we can make up some of the ground in June that we lost in March.  There were 6 homes that came under contract in the neighborhood in June of 2016, so there is room to gain a little ground.  Each month there is more reinforcement that updating and upgrading is a big factor in getting your home sold.  I wrote about that last month, so I will not get into that once again, but it makes a big difference!  Here is hoping that we make up some lost ground in June!  As our market continues to unfold, I will, as usual, keep you informed.

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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.

 

 

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