Lake Ridge Virginia Market Update - "Learn What's Happening In The Local Real Estate Market." I don't know about you, however when I go shopping at the local TJ Maxx or Marshalls, I know when the new stock comes in, that I have the best selection. I am thrilled when I get to look at the newest products first, and I am not looking at left overs or things that have been past up by others over and over.

Well, if you are thinking of buying or selling a home. Did you know that you can position yourself to know what homes just came on the market? Well you can. Take a look at what is happening.

Currently there are:

• 116 Properties listed for sale in Lake Ridge Virginia area
• 47 Homes in Lake Ridge Virginia went Under Contract in January 2012!
• 8 were Short Sales
• 11 were Forecloure Homes.
• 21 Short Sale Opporunities are still Active For Sale
• 9 Foreclosures are still Active For Sale

Price ranges are from $84,000 up $845,000. The average single family home is priced in the $340,000 price point. Even homes that have been sitting for months are now going Under Contract.

For me personally, I listed two homes in the past two weeks in Lake Ridge Virginia. Both were in the Westridge Subdivision. One home was a starter single family home priced at $400,000 ( shown on right) and that home received mutiple offers within 48 hours of being listed.

The other was a $845,000 luxury acreage home in Westridge Subsivision and that home went under contract in less than two weeks! Take a look

If you would like to know "what's happening in the Lake Ridge Virginia real estate market" you have a few choices.

1. One sign up to get automatic alerts on what homes are coming on the market. Simply do a Seach For Homes on this website LakeRidgeVAHomesForSale.Com and Save Your Search. It is that easy.
2. Call me and let's talk about what you are hoping to find call 703-851-3085.
3. Or if you are thinking of selling your home. You can learn more about how we are helping Lake Ridge homeowners time the market for a quick sale. Watch Video Now

Do You Want To See A Home WITHOUT The Seller's Agent Present To Pressure You?

Do You Want To See A Home WITHOUT The Seller's Agent Present To Ask You Annoying Questions?

You Can See Any Home For Sale By Calling Our Team, And One Of Our Buyer Agents Will Show It To You

You can see any home on the market, no matter which company has it listed, by calling us at 703-677-1120 to set aside time for you to view the house without a pushy salesperson present.

You can also send a text message to the same numbe. Or you can email Erick at Erick@ErickAndCompany.com.

If you like what you see, our Buyer Agent can show you now to make that house yours.

If you don't like what you see, your wish list will be loaded into the Realtors MLS database for daily searches that send you homes by email.

No pressure. Mo hassle. Helpful information about the community.

Erick

Hampton House Two Bedroom-Two Bath Condo Can Be Yours in Lake Ridge...**Foreclosure Opportunity!**

*** WOW A MUST SEE 2 LARGE BEDROOMS AND 2 FULL BATHROOMS CONDO IN LAKE RIDGE *** OPEN FLOOR PLAN WITH HARDWOOD FLOORS AND FIREPLACE...PLUS A LOFT AND BALCONY... BANK OF AMERICA PREQUALIFICA REQUIRED ON ALL OFFERS... THIS ONE WILL NOT LAST LONG... A MUST SEE!!!! Peggy James Sales Agent 703-851-3085 Cell 703-590-2252 Office http://LakeRidgeVARealEstateNews.com EXIT 1st Choice Realty 14029 Crossing Place Woodbridge, VA 22192 703-494-0404 703-494-0488 Fax Each office independently owned and operated © 2011 Metropolitan Regional Information Systems (MRIS). MRIS is the source of the listing information and listings are provided by various brokerages who participate in the MRIS IDX program. Listings provided by brokerages other than the owner of this website show the listing brokerage on the listing details page. This website is not an MLS nor does it represent the full data set of the MRIS Multiple Listing Service (MLS).

12373 Wadsworth Way #27 Woodbridge, VA 22192 $121,440 2 Bedrooms 2 Full Bathrooms 0.000000 Acres Scan with your Smartphone for mobile listing

While driving up Smoketown Rd today, I saw this gorgeous tree all decorated for the season.

I will feature other Lake Ridge decorations over the next few weeks. Stay tuned...

Luxury Homes Sales Update for Lake Ridge Virginia area homes.

Would it surprise you to know that there have been No Foreclosures in the high end market since June 2011 in the Lake Ridge Virginia area?

Specifically the 22192 Zip Code area!

We're talking about resale homes priced above $500,000...

I did a quick study of the resale market of luxury homes that have listed and or sold since June 2011.

MRIS Data Base the information system that Realtors use on a daily bases shows these stats:

• Zero Homes have been offered as foreclosure sales
• 7 Homes have been offered as Short Sales
• 17 Luxury Resale Homes are currently active for sale
• 3 Luxury Resale Homes are Under Contract pending setttlement
• 1 Luxury Resale Home is firmly in Contract Status pending settlement
• 21 Luxury Resale Homes SOLD since June 2011 in Lake Ridge Virginia

Average days on market have been less that 60 for most of the year. However the days on market have increased to well over 120 currently locally on resale homes.

This could be because of the new rulings put into place with regard to mortgage amounts or just due to all the rotten weather we have had locally. Hurricane, Earthquake and Flooding did not help in September!

You see as of October 1st 2011.

• FHA buyers who have been fueling the markets can no longer borrow over $625,500. This means a buyer who qualifies to use FHA Financing and has the minimum down payment needed ( 3.5% of the sales price) will only be able to consider homes priced under $648,500.

• Military Transfee's, with PSC orders or veterans who have full VA Eligibility can purchase a home in the Washington DC Area ( including Prince William County Virginia) up to $818,850 with a zero down payment if they qualify. BRAC transferree's are on the move now. Because of the affordability here in Prince William County Virginia, don't be surprised to see a Veteran make an offer on your home.

• Conventional Buyers- these are prospective purchasers who have a substantial down payment of ten percent or more. Qualifying is a bit tougher however many homes in recent months have sold to conventional buyers.

Currently there are 17 Active Luxury Resale Homes available

For Sale in 22192. View Now