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Why Is It So Hard To Find A Townhome Under $300,000 In Lake Ridge, Woodbridge VA Area

Let me go on the record to say if you are searching for a townhome in the Lake Ridge Virginia area you are in for a huge shock! This is not a sales pitch, or fabricated story to get you to buy. I live here in Lake Ridge and work here everyday. Trust me when I say the process of securing a home takes a great deal of work, and much of your success will be in how flexible you are. As one man put it yesterday who is relocating from lower Virgina " I feel like I've entered the Twilight Zone...what's happening in Woodbridge Virginia? How can I find a home to move into?" The answer...remain flexible.

Flexible:

  • Able to leave work to see a house
  • You have your loan pre-approved and your ready to buy
  • You have proof of funds -if you write an offer stating a huge down payment
  • You can settle quickly if need be
  • Or you are willing to wait months for a short sale
  • Don't rely on weekends for house hunting. Read my post Weekend Buyer Loosing...

The chart below represents the Townhome Activity in Lake Ridge Virginia since January 01,2009. Currently there is less than a months worth of inventory available. However that said, many of the active homes noted here are not available. Why? Read More on how a Buyer Agent can save you time. Prices have dipped so low ( insanely low...stupid low) and the $8000 Home Buyer Incentive is nearing expiration.The incentive program ends on December 1,2009 and buyers are out and seriously motivated to secure a home now.

ACTIVE (17)
List Price BR BA FB HB DOM Total Lot Yr
Min $130,000 3 3 1 0 1 1 849 1971
Max $220,000 4 4 3 2 257 366 3,027 1998
Avg $179,523 3 4 2 1 44 69 1,946 1985
CNTG/NO KO (32)
List Price BR BA FB HB DOM Total Lot Yr
Min $100,000 2 2 1 1 0 0 0 1972
Max $225,000 4 4 3 2 48 142 3,202 2002
Avg $155,463 3 3 2 1 11 14 1,831 1984
CNTG/KO (12)
List Price BR BA FB HB DOM Total Lot Yr
Min $110,000 3 2 1 1 0 0 1,376 1972
Max $220,000 4 4 3 2 29 29 3,202 1999
Avg $146,367 3 3 2 1 8 9 1,712 1983
CONTRACT (32)
List Price BR BA FB HB DOM Total Lot Yr
Min $100,000 3 2 1 0 0 0 1,259 1972
Max $219,900 4 4 3 2 251 655 3,202 2002
Avg $153,177 3 3 2 1 28 56 1,770 1983
SOLD (116)
List Price BR BA FB HB DOM Total Lot Yr
Min $101,900 2 2 1 0 0 0 0 1971
Max $224,990 5 4 3 2 344 376 4,234 2002
Avg $145,760 3 3 2 1 37 68 1,769 1981
All (209)
List Price BR BA FB HB DOM Total Lot Yr
Min $100,000 2 2 1 0 0 0 0 1971
Max $225,000 5 4 3 2 344 655 4,234 2002
Avg $151,162 3 3 2 1 31 55 1,790 1982

The statistic's show us that there is less than one months inventory currently on the market. Most townhomes have multiple offers within the first 48 hours whether they are bank owned, short sale or a "Regular Homeowner Sale".

So take a look at what is currently active in Lake Ridge and surrounding Woodbridge Virginia neighborhoods right now VIEW HERE . If would like to purchase a home in Lake Ridge Virginia, then sign up for Home Finder Alerts. Once you define your search criteria, and fill out the form, our system then notifies you when a home comes on the market that matches what you are looking for! It's easy and it is a Free Service that Erick and Company offers home buyers. This is the way we are helping home buyers find homes. Get started now and you still have a chance to secure your $8000 Home Buyer Credit before the December 1, 2009 deadline.

This visual map will help you see just what's happening in the area. Change the search criteria to what you are looking for. Then run your mouse over the little houses to see what neighborhoods match your budget.

Homeowners..do you need to sell? Let's Talk....

Call Peggy James today at 703-851-3085

Contact Peggy James or Erick Blackwelder of Erick and Company of Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's



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Posted Thursday Jul 23