Need to Sell Your Eton Square Condo in 2012?

Need to sell your Eton Square Condo in 2012?  If you are considering placing your Eton Square condo on the market for sale, it is important to have the latest home sale statistics at your fingertips.  So let's take a look at Eton Square condo sales for Year 2011. 

As of December 30, 2011, a total of 7 condo units have  sold in Eton Square since January 2011.  The minimum price point for the units sold is $202,000 for a one bedroom, one bath unit at 6871 Brindle Heath Way.  This unit (Forest Hills Model) sold as a regular sale in July 2011.  The maximum price point for the units sold is $290,000 for a two bedroom, two bath unit at 6854B Brindle Heath Way.  This unit (Augusta Model) also sold as a regular sale in July 2011.  To preview the complete list of Eton Square condos sold in 2011, please click the preceding link.

SOLD 2011 (7)
		List Price	Sold Price	Bedrooms	Baths	FB	DOMM	Year Built
	Min	$209,900	$202,000	1	1	1	30	1991
	Max	$300,000	$290,000	2	2	2	156	1995
	Avg	$248,443	$237,486	2	2	2	74	1993

Currently, there are 4 active condo listings in Eton Square with an additional 4 units under contract. Please check back here to determine what these units sell for or contact me directly 703-298-6546 for this information.

For additional information on selling your condo in Eton Square, please contact me for assistance.  If you are planning to sell your Eton Square condo in 2012 and would like to know how much your unit is worth, simply request my Free Home Evaluation and I would be happy to determine your home's value at no cost to you.

Interested in buying or selling real estate in Alexandria, Lorton, Woodbridge or any of the surrounding areas in northern Virginia?  Contact me for assistance!  My expertise include first-time home buyers, home sellers, luxury homes, short sales, foreclosures, divorce, and relocation.     

 

Lisa Dunham, MBA, CDPE, ABR, ePRO
Allison James Estates & Homes
703-298-6546 (Mobile) 
Lisa@LisaDunham.com
www.LisaDunham.com

                     

Alexandria Foreclosures Real Estate Update - Alexandria VA Foreclosures For Sale

With less than a week remaining in Year 2011, let's take a final look at the foreclosures market in Alexandria VA.  Currently, there are 55 active foreclosure listings in Alexandria.  This list includes 14 single family homes,17 townhouses, and 24 condos.  Whether you are looking for a primary residence, second home, or an investment property, there are several well-priced foreclosures available in the City of Alexandria as well as Fairfax County, Alexandria.  In addition, there are 44 Alexandria foreclosures currently under contract.

Since January 1, 2011, a total of 394 foreclosures have sold in Alexandria.  This list includes a variety of Alexandria condos, townhouses, and single family homes.  The average price for the homes sold is $240,780.  The minimum and maximum price points for these homes are as follows: $49,500 for a 1 bedroom, 1 bath condo in Colchester Towne and  $1,010,000 for a 4 level, 3 bedroom, 3.5 bath townhouse located in the heart of Old Town Alexandria.

SOLD 2011 (394)
		List Price	Orig Price	Close Price
	Min	$44,900	$44,900	$49,500
	Max	$1,010,000	$972,700	$1,010,000
	Avg	$244,808	$257,000	$240,780
	Sum	$96,454,420.00	$101,258,100.00	$94,867,170.00

During the same time period in 2010, a total of 505 foreclosures were sold in Alexandria.  The average price of the homes sold was $237,003.  The minimum and maximum price points for these homes were $49,900 for an efficiency condo unit at The Seasons and $1,100,000 for an 8 bedroom, 7.5 bath luxury single family home located in Collingwood. 

SOLD 2010 (505)
		List Price	Orig Price	Close Price
	Min	$39,900	$39,900	$49,900
	Max	$1,329,000	$1,399,000	$1,100,000
	Avg	$240,289	$249,885	$237,003
	Sum	$121,346,000.00	$126,191,800.00	$119,686,400.00

Evaluating the statistics for homes sold in 2011 and 2010, we see that the number of foreclosures sold differ by a total of 111 homes, with the majority of homes sold in 2010.  This tells us that the number of foreclosures in Alexandria decreased by 22% from 2010 to 2011. 

Comparing price statistics for homes sold in 2011 vs. 2010, we see that the minimum and maximum price points for closed sales were relatively consistent.  Although there is only a slight difference of $3,777 between the average price of foreclosures sold in 2011 and those sold in 2010, this number is highly significant when we consider the number of homes sold over the two year period.  A total of 394 foreclosures sold in 2011 and 505 in 2010.  Because fewer homes were sold in 2011 and the average price of homes sold was also higher in 2011, this is a strong indication that the price of foreclosures in Alexandria increased from 2010 to 2011. Of course this is great news for home sellers!  As the price of foreclosures in Alexandria continue to increase, so does the price and value of other homes being sold in Alexandria VA.

For additional information on how to buy a foreclosure in Alexandria or for information on foreclosure prevention and alternatives to foreclosure, please contact me for assistance.  

Interested in buying or selling real estate in Alexandria, Lorton, Woodbridge or any of the surrounding areas in northern Virginia?  Contact me for assistance!  My expertise include first-time home buyers, home sellers, luxury homes, short sales, foreclosures, divorce, and relocation.     

 

Lisa Dunham, MBA, CDPE, ABR, ePRO
Allison James Estates & Homes
703-298-6546 (Mobile) 
Lisa@LisaDunham.com
www.LisaDunham.com

                    

Gunston Corner Real Estate Update - Townhouses and Condos in Gunston Corner

Gunston Corner is a planned community of 99 townhouses located in Lorton VA.  The community also offers a nice selection of single and multi-level condos from which to choose.  Gunston Corner is  located just minutes away from Interstate 95 and is less than a 30-minute drive to Washington, DC.  For added convenience, Gunston Corner is located within minutes from preferred schools, restaurants, shops, recreational facilities, and other amenities located in and around the Lorton area.

For ease of commuting, Gunston Corner is located within a 15-minute drive to the Franconia-Springfield Metro Station and also provides easy access to the Virginia Railway Express commuter train and theFairfax County Connector.  For ease of parking, a Park and Ride Lot is less than one mile away from the community of Gunston Corner.

Gunston Corner Market Update

Currently, there are 4 active condo and townhouse listings in Gunston Corner and 1 listing under contract.   Average statistics for these listings are as follows:

ACTIVE (4)
		List Price	BR	BA	FB	HB	DOMM	Lot Sqft	Yr Built
	Min	$159,000	2	2	1	0	1	-	1993
	Max	$215,000	2	2	2	1	136	-	1995
	Avg	$184,464	2	2	2	1	78	-	1994
CNTG/NO KO (1)
		List Price	BR	BA	FB	HB	DOMM	Lot Sqft	Yr Built
	Min	$269,900	4	3	3	0	18	2,077	2000
	Max	$269,900	4	3	3	0	18	2,077	2000
	Avg	$269,900	4	3	3	0	18	2,077	2000

Since January 1, 2011, a total of 17 homes have sold in Gunston Corner including 5 townhouses and 12 condos.  Homes sold include 4 short sales and 2 foreclosures.  The average "sold price" of these homes is $229,676.

SOLD 2011 (17)
		List Price	Orig Price	Close Price
	Min	$155,000	$155,000	$155,000
	Max	$349,900	$349,900	$340,000
	Avg	$234,218	$239,329	$229,676
	Sum	$3,981,700.00	$4,068,600.00	$3,904,500.00

During the same time period in 2010, a total of 13 homes were sold in Gunston Corner including 4 townhouses and 9 condos.  Homes sold included 3 short sales and 1 foreclosure.  The average "sold price" for these homes was $244,146.

SOLD 2010 (13)
		List Price	Orig Price	Close Price
	Min	$179,900	$179,900	$177,900
	Max	$359,000	$359,000	$350,000
	Avg	$246,954	$253,200	$244,146
	Sum	$3,210,400.00	$3,291,600.00	$3,173,900.00

Gunston Corner Real Estate Analysis

Looking at the statistics for homes sold in 2011 and 2010, we see that the number of homes sold differ by a total of 4 units, with the majority of homes sold in 2011.  This tells us that home sales in Gunston Corner increased by 25% from 2010 to 2011. 

Comparing price statistics for homes sold in 2011 vs. 2010, we see that the minimum and maximum price points for closed sales were slightly higher in 2010.  However it would be incorrect to conclude that home prices have declined based on these numbers alone!  Rather, we must consider the layout, amenities, and condition of the homes sold as demonstrated below.

The minimum price point for homes sold in 2011 is $155,000 compared to $177,900 in 2010.  The condo that sold for $155,000 in 2011 was smaller (less square footage) than the condo that sold for $177,900 in 2010.  In addition, the 2011 condo had fewer amenities than the 2010 condo.  Further, both condos were sold as short sales.  All of these things can be used to justify a higher price for the condo sold in 2010. 

In comparing the maximum price points for 2011 vs. 2010, the 2011 townhouse sold for $340,000 compared to $350,000 in 2010.  Here, the difference in price can be easily justified as the 2011 townhouse has 3 bedrooms and 2 full baths and the 2010 townhouse has 4 bedrooms and 3 full baths.

Overall, home prices in Gunston Corner appear to be relatively consistent for 2010 and 2011.  While there has not been a major increase in equity for existing homeowners, home prices are beginning to stabilize, which is definitely good news considering the major drop in home values in recent years.

If you would like to find out how much your condo or townhouse is worth in Gunston Corner, please contact me for a Free Home Evaluation.  For additional information on home buying and selling in Gunston Corner, please follow the link to contact me now.

Interested in buying or selling real estate in Alexandria, Lorton, Woodbridge or any of the surrounding areas in northern Virginia?  Contact me for assistance!  My expertise include first-time home buyers, home sellers, luxury homes, short sales, foreclosures, divorce, and relocation.     

 

Lisa Dunham, MBA, CDPE, ABR, ePRO
Allison James Estates & Homes
703-298-6546 (Mobile) 
Lisa@LisaDunham.com
www.LisaDunham.com