Centreville, VA

Virginia Run Homes for Sale in Centreville VA 20120. February Homes Report

Welcome to the Virginia Run February 2012 Homes Sales Report

Our goal is to let prospective home buyers know a bit about this great community and to keep current Virginia Run residents apprised of what properties are currently on the market (so you can tell your friends ) and illustrate how home prices are trending.

Virginia Run is an award winning community of 1400 single family homes conveniently located off Pleasant Valley road near the intersection of Lee Highway (Route 29) in Centreville VA.

It has all the amenities that you could possibly need and what it doesn't have, you probably don't want.

This report shows current homes for sale in Virginia run as of February 3, 2012: 3 Homes Are For Sale with 4 Under Contract in Virginia Run, Centreville VA 20120

Click on the MLS # to expand the listing and the camera icon to see any pictures.

The following report shows those homes that have sold in Virginia Run in the last 6 months: 17 Homes sold in Virginia Run

The links in these reports generally EXPIRE in 30 days from the date of this post and become non functioning. Check in monthly for current data. OR just drop us an email and we will send you the current sales figures or set you up on an auto search so that you will ALWAYS have current data. You can set up you own search at Jan and Steve's Listing Book.

Here is the link to Virginia Run Home Owners' Associationweb site.

They do a tremendous job of keeping this community, its services and amenities in great shape.

Construction of Virginia Run started in the late 1980's and has continued into the new century.

The most popular home style is the colonial and you will find many nice additions, decks, patios and variations on this main theme.

The streets are laid out in an aesthetic manner, and the community offers lots of green space, mature shade trees and well done public and private landscaping as you can see from the photos.

Virginia Run is served by Virginia Run Elementary which is right in the community, Ormond Stone Middle School and Westfield High School.

I have written a separate post about the Virginia Run Schools including relevant information on the Fairfax County School system as well. Here's the link: Virginia Run Schools

There are more options for shopping, entertainment and dining near Virginia Run than you can shake a stick at.

Just turn left down route 29 when leaving the main entrance to the neighborhood, drive a mile and you will find everything you need.

Not satisfied? Fair Oaks Mall, Fair Lakes and Fairfax Corner are 15 minutes away.

Want to ride horses, play tennis, shoot skeet, run around in the woods, play basketball, swim and play almost every sport imaginable?

You can find the resources to support your hobby within minutes of Virginia Run.

As we head toward the Spring housing market, it’s helpful to understand what kind of market we’re experiencing in Northern Virginia. Is it trending towards a seller’s market? Is it a buyer’s market? Are we in a well balanced market? The answer for Northern Virginia is “yes” - it just depends on which price range we’re considering. Don’t worry…we’ll explain.

A common way to gauge the overall health and activity of the current market is to determine the home absorption rate. The absorption rate measures how quickly all the current inventory of unsold homes would take to clear off the market if no additional homes were introduced. It’s based on how quickly homes have been selling, and how large the inventory is of unsold homes. The shorter the absorption rate, the faster the home inventory is being cleared off the market, which would tend to favor home sellers. Alternatively, a longer absorption rate signifies that homes are lingering on the market and conditions favor home buyers. In general, an absorption rate of less than 5 months is considered a “seller’s market”, and more than 7 months is considered a “buyer’s market”. A rate of 5-7 months is considered a “balanced market”, where sales conditions overall don’t tend to favor one side of the transaction (seller or buyer).

So how does all this apply to our Northern Virginia housing market? Here are the most recent absorption rates within various price ranges. These statistics are calculated for Fairfax County real estate, but the trend holds true throughout the area:

Home Price Absorption Rate Market Type

------------- --------------- -----------

Up to $250K 4.8 months Seller’s market (slightly)

$250K - $500K 5.0 months Balanced, but trending toward sellers

$500K - $750K 7.0 months Balanced, trending toward further balance

$750K - $1M 11.3 months Buyer’s market

$1M+ 14.3 months Buyer’s market

As you can see, different price ranges are experiencing completely different kinds of markets even within the same area. The composite absorption rate for Fairfax County, which again is analogous to the Northern Virginia region, is at exactly 6.0 months – about as “balanced” as you can expect. In reality, though, if you’re selling in the lower price ranges, you may see quite a bit more buyer competition and multiple offer situations than at the higher price ranges. Whether you’re buying or selling, these differences are so important to understand so you can take appropriate steps for the type of market in which you’re dealing. As always, the Equity Rise Team will be happy to analyze and advise on the type of market that YOU’RE dealing with for YOUR specific situation.

Foreclosures are a part of the Centreville Virginia Real Estate Market. Because of this The Earl of Real Estate Team has compiled a presentation of the most recent Foreclosures listed for sale in Centreville VA as of January 30th 2012. You can click on any one of the listings to view more details on the particular bank owned property.More information can be found at ->http://www.theearlofrealestate.com/centreville-va-bank-owned-foreclosure-listings/





The Earl of Real Estate Team can also let you know as soon as new Centreville Foreclosures come on the market:



You can also search on your own using this form and our award winning website.


The Earl of Real Estate Team has proudly served the real estate needs of Centreville Virginia since 2001.

Tracking the most up to date with the Centreville Virginia Real Estate Market and Conditions The Earl of Real Estate Team has posted a group of the most recent Townhomes listed for sale in Centreville VA as of January 30th 2012. You can click on any one of the pictures to view more details on the particular townhouse.For more information you can visit ->http://www.theearlofrealestate.com/centreville-va-townhomes-for-sale/





The Earl of Real Estate Team can also let you know as soon as new Centreville Townhomes come on the market:



You can also search on your own using this form and our award winning website.


The Earl of Real Estate Team has been focused on selling townhomes in Centreville Virginia since 2001.

We want to keep you you up to date with the Centreville Virginia Real Estate Market Conditions The Earl of Real Estate Team has created a slideshow of the most recent Condos listed for sale in Centreville VA as of January 30th 2012. You can click on any one of the images to view more details on the particular condominium.To get more information you can visit ->http://www.theearlofrealestate.com/centreville-va-condos-for-sale/





The Earl of Real Estate Team can also let you know as soon as new Centreville Condos come on the market:



You can also search on your own using this form and our award winning website.


The Earl of Real Estate Team has been selling Condos in Centreville Virginia since 2001.