Prince William County Va Real Estate Market Report December 2007
MARKET REPORT FOR PRINCE WILLIAM COUNTY REAL ESTATE FOR DECEMBER 2007.
Another year has passed for home buyers in Prince William County, Virginia. Prices are still soft, but have not dropped to the level where the majority of home buyers are willing to buy. The key to buying a home in Prince William County for Januar 2008 is negotiating a good price. Experience county.
| Status: SOLD (156) | ||||||||||
| List Price | Bedrooms | Baths | FB | HB | DOMM | DOMP | Lot Sqft | Yr Built | ||
| Min | $115,000 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 1904 | |
| Max | $981,664 | 6 | 7 | 5 | 2 | 544 | 544 | 448,995 | 2007 | |
| Avg | $430,042 | 4 | 4 | 3 | 1 | 91 | 147 | 32,613 | 1991 | |
156 single family homes sold in Prince William County in December 2007.
NEGOTIATION IS THE KEY
| 2007 | 2006 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 117,447,204 | $ 167,815,368 | - 30.01 % |
| Average Sold Price: | $ 350,589 | $ 408,310 | - 14.14 % |
| Median Sold Price: | $ 320,000 | $ 375,000 | - 14.67 % |
| Total Units Sold: | 335 | 411 | - 18.49 % |
| Average Days on Market: | 132 | 110 | 20.00 % |
| Average List Price for Solds: | $ 394,381 | $ 437,888 | - 9.94 % |
| Avg Sale Price as a percentage of Avg List Price: |
88.90 % | 93.25 % |
The percentage of list price to sale price is the lowest in many years. The average contract of sale is for 88.90% of the list price. Negotiation is bringing prices down.
To tour homes for sale in Prince William County, contact Lenn at 800-711-7988, Emal.
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