February 2011 Real Estate Statistics for Prince William County, Virginia
| Prince William County, VA | Feb-2011 | Feb-2010 | % Change |
|---|---|---|---|
| Avg Sold Price | $260,830 | $254,886 | 2.33% |
| Median Sold Price | $228,925 | $227,000 | 0.85% |
| Units Sold | 358 | 419 | -14.56% |
| Avg Days on Market | 59 | 42 | 40.48% |
| Avg Sold Price to List Price | 96.9% | 100.2% | -3.32% |
| Active Listings | 1,290 | 1,203 | 7.23% |
| New Listings | 602 | 651 | -7.53% |
| New Pendings | 647 | 480 | 34.79% |
While it is taking longer to sell a home in Prince William County, the average and median sales price increased slightly in February, 2011 as compared to February, 2010. In February 2007, the median and average sales prices were $416,703 and $380,000 respectively. This represents a 37% decline in average sales price and a 40% decline in median sales price. These drastic value declines have most likely never been seen before in the United States. Fortunately for people who seek to sell their house fast in Prince William County, the real estate market seems to be stabilizing. While the number of houses sold declined a significant amount and sellers in general are getting a lower sold price, percentage wise, compared to their original list price, they are still getting nearly 97% of list price – another sign of a healthy market. In terms of supply, in January, 2011 there were 343 homes sold. When you divide this into the number of active listings, which have increased about 7% from last year, it signifies a 3.76 month supply of houses. This amount of supply is much better than a typical healthy market defined by a 5-6 month supply. Active listings were up roughly 7% while new listings declined about 7% from a year ago. Contracts on listed homes (new pendings) are up significantly from a year ago – signifying that buyers are becoming very active.
If you want to sell your Prince William County, Virginia home fast, the real estate experts at Express Homebuyers can help.
Crucial Questions
Make sure you're dealing with a reputable company that keeps their word, so you don't end up in a lose-lose situation.
If somone cannot answer yes to all of these questions, how can you trust them to do what they say?
Work with Express Homebuyers and you'll have both Peace of Mind and Cash In Your Pockets.
- Do they have proof of $$ in the bank that shows they are making an honest offer?
- Do they have an A+ rating by the Better Business Bureau?
- Do they have video testimonials from actual customers that they can show you?
- Will they provide up to a $20,000 cash advance to help with expenses when moving?
- Do they have a physical office and staff to help you through the entire process, or are they just working out of their car?