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Lorton Station Homes Market Report - Buying or Selling a Home in Lorton?

Lorton Station Homes Market Report - Buying or Selling a Home in Lorton?

Lorton Station Homes for Sale

Lorton Station is a 300 acre, planned community comprised of approximately 950 homes. Lorton Station is conveniently located within a 30-minute drive to Washington, DC and offers a variety of restaurants and amenities for your local pleasure.

For ease of commuting, Lorton Station is located within a 15-minute drive to the Franconia-Springfield Metro Station and is also home to the Virginia Railway Express commuter train.


Lorton Station Real Estate Update

Currently, there are 2 active listings in Lorton Station and 6 listings under contract. Average statistics for these listings are as follows.

ACTIVE (2)

List Price

BR

BA

FB

HB

DOMM

Lot Sqft

Yr Built

Min

$479,900

4

4

3

1

59

2,040

2004

Max

$569,900

4

5

4

1

96

3,564

2004

Avg

$524,900

4

5

4

1

78

2,802

2004

CNTG/NO KO (4)

List Price

BR

BA

FB

HB

DOMM

Lot Sqft

Yr Built

Min

$210,000

2

2

2

0

7

-

2004

Max

$290,000

3

3

2

1

309

-

2006

Avg

$257,500

3

3

2

1

88

-

2005


CONTRACT (2)

List Price

BR

BA

FB

HB

DOMM

Lot Sqft

Yr Built

Min

$350,000

3

3

2

0

0

1,458

2004

Max

$385,000

3

4

3

2

17

2,040

2005

Avg

$367,500

3

4

3

1

9

1,749

2005
Since January 1, 2011, a total of 23 homes have sold in Lorton Station. The average "sold price" (not listed price) of these homes is $387,930.

SOLD 2011 (23)

List Price

Orig Price

Close Price

Min

$254,900

$254,900

$256,000

Max

$615,000

$624,999

$602,000

Avg

$389,756

$383,443

$387,930

Sum

$8,964,399.00

$8,819,198.00

$8,922,400.00
During the same time period in 2010, a total of 16 homes were sold in Lorton Station. The average "sold price" for these homes was $369,119.


SOLD 2010 (16)

List Price

Orig Price

Close Price

Min

$180,000

$210,000

$188,000

Max

$509,990

$525,000

$502,000

Avg

$367,221

$378,346

$369,119

Sum

$5,875,540.00

$6,053,530.00

$5,905,900.00

Comparing the statistics for Lorton Station homes sold in 2011 vs. 2010, we see that the number of homes sold differ by a total of 7, with the majority of homes sold in 2011. Based on the number of homes sold in 2011 vs. 2010, home sales in Lorton Station have increased by nearly 44%.
In evaluating home price statistics for homes sold in 2011 vs. 2010, we see that the minimum price point for homes sold in 2011 is $256,000 compared to $188,000 in 2010. The maximum price point for homes sold in 2011 is $602,000 compared to $502,000 in 2010. Although the features and amenities of these homes differ, the variation in price tends to indicate a slight increase in home prices from 2010 to 2011. For home sellers in Lorton Station, this is great news as home equity is slowly but surely being restored! This is also great news for home buyers. With interest rates remaining at record lows and home prices slightly on the rise, home buyers can safely purchase a new home in Lorton Station without the fear of negative equity.

For additional information on home buying and selling in Lorton Station, please contact me for assistance. In the interim, please feel free to browse all available homes for sale in Lorton Station now! To preview all Lorton homes for sale, please click the preceding link. If you have questions or would like to schedule a showing, I am always available to assist you.

Posted Sunday Nov 20