Dunbarton Duplex Report: March-April 2016
Welcome to another edition of the Dunbarton Duplex Report. In this edition we will look back at the sales activity for duplexes (attached single family homes) between the months of March and April. We will have only our last report to ping back to for comparison. As this is only our second report of duplex sales in Dunbarton, year to year comparisons were run strictly for the purposes of this report.
Just like the first two months of the year, there was only one Dunbarton duplex that sold between the months of March and April. It was an Ayres model with a fully finished basement with a window well exit. It sold for $344,000. That sold price becomes our point of comparison for duplex values for this current report. Compared to last report, it shows nearly a 13% jump in value. Compared to last year, over an 11% increase in value. Does that mean your Dunbarton duplex is worth 11% more than it was last year, or 13% more than it was last month? No. The sales last report had no basement, neither did the one last year. That doesn’t mean your Dunbarton duplex hasn’t increased in value, but a larger sample of comparable sales would have to be made to determine your home’s value.
If you placed your Dunbarton duplex on the market, priced to current conditions, you could expect it to be under contract (according to this sale) in 150 days. That may or may not actually be the case. For instance, last fall I represented a buyer who was having a hard time finding a Dunbarton duplex to buy. She snatched one up before it ever hit the market. As for closing cost help, you might expect that you would give a little over 1/2% of the sales price in closing cost help.
The next Dunbarton Duplex Report will be out in July and will focus on sales activity for May and June. Until then, when you are ready to sell your Dunbarton duplex, give me a call for a free market analysis of your specific home’s value. We can also go over my unique marketing plan that allows me to sell millions in Bristow real estate year after year.
Chris Ann Cleland, Associate Broker-Licensed in VA
Long & Foster REALTORS®, Manassas VA
To see the Dunbarton Single Family Home Report for March-April 2016 click the link.
Statistics compiled using MRIS (Metropolitan Regional Information Systems.)