Dunbarton Single Family Home Report: September-October 2016
The trees are quickly shedding their leaves as we approach the end of November. Thank goodness the early nightfall that late fall and winter bring are mitigated by the sparkling holiday lights that neighbors put up every year. It is hard to be in a bad mood when you see holiday lights. While our minds may be getting into holiday mode, it is time to take a look back at Dunbarton single family home sales during the months of September and October and determine how values are faring.
There were only two Dunbarton single family homes that sold between the beginning of September and end of October. One sold for $365,000, the other for $369,900. The average of the two sales gives us our new average market value for a Dunbarton single family home of $367,450. That’s a drop of 6.5% in average market value since last report. Then again, last report there were five homes that sold and some were up there in price. Compared to this time last year, the average market value is down only slightly over 2.5%. Please remember that we are talking averages. When it comes to pricing a particular home, Listing Agents like myself will compare you to homes that are similar in size to yours.
If you placed your Dunbarton home on the market, priced to current conditions, you could expect it to be under in an average of five days. That’s pretty fast! Don’t be surprised if the holiday months increase that time. You may also pay an average of nearly 1% of the sales price in closing cost help for the buyer.
The next Dunbarton Single Family Home Report will be out in January. In the meantime, I wish you all a very Happy Holiday season. And 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.
Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
To see the Dunbarton Duplex Report for September-October 2016, click the link.