City Park Homes Year End Real Estate Review (Falls Church VA)

So how did we do?

A Quick Year End Review of Our City Park Homes Real Estate Market :

In 2010, 24 homes were sold. The average sales price was $445,239. Only 3 of these sales were short sales and only one was a foreclosure. It took 74 days on average to sell a home.

In 2011, 28 homes were sold yet the average sales price dropped to $418,992. This dip is the result of an increase in short sales and foreclosures. In 2011, 6 of the homes sold were short sales and 2 were foreclosures. But homes sold quicker – only 25 days on average to go under contract.

2012 looks promising. There is pent up demand from Buyers looking to capture record breaking low interest rates but are stymied by low inventory. They are looking for properties in good condition and listed at a fair price!

If you are planning to make a move from our neighborhood,

I can help. Let’s talk!

Heather Embrey – REALTOR

“Your Neighbor on Kincaid”

ABR, SFR, SRES, SRS, ePro

REALTOR - Associate Broker

McEnearney Associates Realtors

Cell/Text: 571-236-2616

heather@HomesSoldByHeather.com

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