Woodbridge Condo Market Comeback?

Condominiums are selling if the are priced right. I did a quick check for the Woodbridge Condo Market to compare year to date condo sales with the condo sales for the same time periode last year and this is what I found:

Condos sold in 22191 Zip Code

COMMONS ON WILLIAM SQUARE
SUMMERHOUSE CONDO
HARBOR POINT
HIGH POINTE AT RIPPON LANDING
POTOMAC CLUB
POWELLS RUN VILLAGE AT RIPPON LANDING
RIVER CLUB 1 AT BELMONT
PARK SQUARE CONDOS AT POTOMAC CLUB
RIVER OAKS-BROOKFIELD
BELMONT BAY GOLF VILLAGE

	2009	2008	Difference
Number of Homes	40	25	15
Average List Price	$232,701.00	$263,771.00	-$31,070.00
Average Sales Price	$225,758.00	$255,690.00	-$29,932.00
Seller Contribution	$9,606.00	$8,108.00	+$1,498.00
Net Sales Price	$216,151.00	$246,680.00	-$30,529.00
Days on Market	46	29	+17
Average Age	5	8	-3

Condos sold in 22192 Zip Code

OCCOQUAN RIDGE
COUNTY CENTER CONDOS
GLEN OAKS CONDO
MOORINGS OF OCCOQUAN
SOMERSET AT WESTRIDGE
SECOND ANTIETAM
ELYSIAN WOODS
SHERBROOKE CONDO
LAKE RIDGE POINTE
ANTIETAM WOODS
DEVILS REACH CONDO

	2009	2008	Difference
Number of Homes	47	20	27
Average List Price	$124,640.00	$204,324.00	-$79,684.00
Average Sales Price	$120,302.00	$200,568.00	-$80,266.00
Seller Contribution	$3,310.00	$6,203.00	-$2,893.00
Net Sales Price	$138,806.00	$194,365.00	-$55,559.00
Days on Market	81	89	-8
Average Age	23	19	+4

Condos sold in 22193 Zip Code

PROSPECT COVE AT LAKESIDE
HAMPTON SQUARE
HEATHFIELD MANOR

	2009	2008	Difference
Number of Homes	3	3	0
Average List Price	$158,467.00	$226,925.00	-$68,458.00
Average Sales Price	$156,333.00	$220,635.00	-$64,302.00
Seller Contribution	$3,333.00	$6,687.00	-$3,354.00
Net Sales Price	$153,000.00	$213,948.00	-$60,948.00
Days on Market	82	40	42
Average Age	15	8	7

The conclusion from my research, buyers are again purchasing condos especially newer condos. Condo living offers special advantages:

Amenities: Most condominium developments offer a range of amenities in the common areas. This means that you may have access to a swimming pool, gym or tennis courts that you would not be able to afford on your own

Security: Having neighbors around makes it a lot easier to lock up and leave for a vacation or an extended period of time. Also, condominium buildings often have security features, be they buzzers or a guard service. This is particularly helpful if this is your second home, and you are only there for part of the year.

Low maintenance: No more backaches from mowing the lawn or shoveling snow. Condo living means someone else takes care of the plumbing problems or roof maintenance for you. There may be some cases - if it's your fault - where you will have to pay.

Condominium association: Every unit owner is a member of the condo association, which also has an elected board. The association serves to enforce bylaws, handles maintenance and repair issues, and deals with disputes with developers or between unit owners.

If you are interested in buying or selling a Condo in Woodbridge or anywhere else in the Northern Virgina area call me:

Claudia Sabine Nelson
Prudential Carruthers REALTORS
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Oh... by the way, I'm never too busy for your Referrals
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Cell: 202-299-7671
Office: 703-497-7788
Office Fax: 703-497-8857
Email: CandCNelson@yahoo.com
Website: www.Claudia.Nelson.pcragent.com