Dunbarton Single Family Home Report: July-August 2016
Fall is beginning to show its colors in Bristow. Of course, the thing I dislike about autumn is that the brilliant red, orange and yellows on the trees is very short lived. Nonetheless, fall is here which means summer is over. That gives us the opportunity to look back at the months of July and August and see how the single family home market in Dunbarton fared the last two months of summer.
For starters, there were five Dunbarton single family homes that sold from the beginning of July to the end of August. The high sold price was $457,000 and the low sold price was $330,000. The average of all five gives us our new average market value for a Dunbarton single family home–$393,200. That is up over 10% since last report’s average market value, but compared to activity from the same time last year, it’s down nearly 1.5%.
If you placed your Dunbarton single family home on the market, priced to current condition, you could expect it to be under contract in an average of just over nine weeks. And judging by the five sales in this report, you wouldn’t have to given any closing cost help either.
The next Dunbarton Single Family Home Report will be out in November. Until then, when you are ready to list your Dunbarton home, give me a call for a free market analysis of your specific home’s value and a discussion about what I will do to get your home sold.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
To see the Dunbarton Duplex Report for July- August 2016, click the link.
Statistics compiled using MRIS (Metropolitan Regional Information Systems.)