Market Update: October 2016 Lake Ridge, VAClaudia S. Nelson Real Estate Team

It’s the holidays and the market has cooled down along with the weather for the Lake Ridge, VA area. Listings are down from September with only 34 new listings compared to 40 new listings in September 2016. New listings are also down from October of last year where there were 36 new listing in Woodbridge, VA. That being said, those buyers who are looking for homes in Woodbridge have less to choose from. Demand is high and supply is low so now would be a great time to sell your Woodbridge, VA home!

If that hasn’t convinced you that it is a good time to sell, then this will; Closed sales are up from September with 26 new closed sales in Lake Ridge, VA compared to 23 new closed sales from October of last year where there were only 20.

Additionally the Median Sales price of homes listed in Lake Ridge, VA is up 3.4% with a value of $314,750 versus last year’s $304,500. This means that houses are selling close to list price in the Lake Ridge, VA area in the current market. If you are interested in listing your home, you can begin with a search of your home value here.

If you are thinking of selling your Lake Ridge, VA home, or thinking of purchasing a home in the Lake Ridge, VA area. Please do not hesitate to contact me Claudia S. Nelson with any inquiries.

Still in the research phase? Check out my blog on all the happenings in the Woodbridge, Manassas, Dumfries, and Lorton areas.