Alexandria, Lorton, Woodbridge Virginia Real Estate: Lorton Station Real Estate Update

Lorton Station is a 300 acre, planned community comprised of approximately 950 homes. Lorton Station is conveniently located within a 30-minute drive to Washington, DC and offers a variety of restaurants and amenities for your local pleasure.

For ease of commuting, Lorton Station is located within a 15-minute drive to the Franconia-Springfield Metro Station and is also home to the Virginia Railway Express commuter train.

Lorton Station Real Estate Update

Currently, there are 2 active listings in Lorton Station and 6 listings under contract. Average statistics for these listings are as follows.

ACTIVE (2)
		List Price	BR	BA	FB	HB	DOMM	Lot Sqft	Yr Built
	Min	$479,900	4	4	3	1	59	2,040	2004
	Max	$569,900	4	5	4	1	96	3,564	2004
	Avg	$524,900	4	5	4	1	78	2,802	2004

CNTG/NO KO (4)
		List Price	BR	BA	FB	HB	DOMM	Lot Sqft	Yr Built
	Min	$210,000	2	2	2	0	7	-	2004
	Max	$290,000	3	3	2	1	309	-	2006
	Avg	$257,500	3	3	2	1	88	-	2005
CONTRACT (2)
		List Price	BR	BA	FB	HB	DOMM	Lot Sqft	Yr Built
	Min	$350,000	3	3	2	0	0	1,458	2004
	Max	$385,000	3	4	3	2	17	2,040	2005
	Avg	$367,500	3	4	3	1	9	1,749	2005

Since January 1, 2011, a total of 23 homes have sold in Lorton Station. The average "sold price" (not listed price) of these homes is $387,930.

SOLD 2011 (23)
		List Price	Orig Price	Close Price
	Min	$254,900	$254,900	$256,000
	Max	$615,000	$624,999	$602,000
	Avg	$389,756	$383,443	$387,930
	Sum	$8,964,399.00	$8,819,198.00	$8,922,400.00

During the same time period in 2010, a total of 16 homes were sold in Lorton Station. The average "sold price" for these homes was $369,119.

SOLD 2010 (16)
		List Price	Orig Price	Close Price
	Min	$180,000	$210,000	$188,000
	Max	$509,990	$525,000	$502,000
	Avg	$367,221	$378,346	$369,119
	Sum	$5,875,540.00	$6,053,530.00	$5,905,900.00

Comparing the statistics for Lorton Station homes sold in 2011 vs. 2010, we see that the number of homes sold differ by a total of 7, with the majority of homes sold in 2011. Based on the number of homes sold in 2011 vs. 2010, home sales in Lorton Station have increased by nearly 44%.

In evaluating home price statistics for homes sold in 2011 vs. 2010, we see that the minimum price point for homes sold in 2011 is $256,000 compared to $188,000 in 2010. The maximum price point for homes sold in 2011 is $602,000 compared to $502,000 in 2010. Although the features and amenities of these homes differ, the variation in price tends to indicate a slight increase in home prices from 2010 to 2011. For home sellers in Lorton Station, this is great news as home equity is slowly but surely being restored! This is also great news for home buyers. With interest rates remaining at record lows and home prices slightly on the rise, home buyers can safely purchase a new home in Lorton Station without the fear of negative equity.

For additional information on home buying and selling in Lorton Station, please contact me for assistance. In the interim, please feel free to browse all available homes for sale in Lorton Station now! To preview all Lorton homes for sale, please click the preceding link. If you have questions or would like to schedule a showing, I am always available to assist 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.