- Image by lukiffer via Flickr
March came roaring in like a lion in the real estate market as buyers literally surged in once the snow melted and the sun started to shine making our world green again, so next month’s numbers will be impressive.
The driving part of the surge was buyers at the lower end buying homes that allowed people to move up to larger homes in these zip codes. The $8,000 first time buyer credit pushed the move-up buyer who could get a credit up to $6,500 when they entered into a contract by April 30th and settle by the end of June.
But please know that this information is reported from MRIS which is not guaranteed to be 100% accurate but should be considered pretty darn close.
Keep in mind, mortgage rates were still super low (around 5%).
Home sales numbers for 22182 in March 2010:
- Total Units Sold in March 2010, 28 vs. 15 in 2009 (up 86.67%)
- Average Sold Price in March 2010, $792,644 vs. $783,446 in 2009 (up 1.17%)
- In the $500,000 to $599,999 range, 5 sold with 15 active listings
- In the $600,000 to $699,999 range, 7 sold with 30 active listings
- In the $700,000 to $799,999 range, 6 sold with 16 active listings
- In the $800,000 to $999,999 range, 4 sold with 17 active listings
- In the $1,000,000 to $2,499,999 range, 4 sold with 41 active listings
- Average days on market in March 2010 was 55 vs. 124 in 2009
- The average sold price in March 2010 was 92.47% of the average list price
Spring did arrive early in March this year!.
Home sale numbers for the Town of Vienna, 22180, March 2010
- Total Units Sold in March 2010, 13 vs. 13 in 2009 (um, no change)
- Average Sold Price in March 2010, $551,431 vs. $614,877 in 2009 (down 10.32%)
- In the $400,000 to $449,999 range, 2 sold with 12 active listings
- In the $450,000 to $499,999 range, 2 sold with 15 active listings
- In the $500,000 to $599,999 range, 4 sold with 21 active listings
- In the $600,000 to $799,999 range, 1 sold with 17 active listings
- In the $800,000 to $999,999 range, 1 sold with 7 active listings
- In the $1,000,000 to $2,499,999 range, 1 sold of 24 active listings
- Average days on market in March 2010 was 111 vs. 125 in 2009 (down 11.20%)
- The average sold price in March 2010 was 90.10% of average list price
