King George County Real Estate Market Report - King George, Virginia
King George County, Virginia - King George
| Market Commentary Provided by Lynne Harris If you can qualify, now is an exceptional time to buy a home in King George County. Low rates and lovw home prices makes a home purchase a great value! Call now for more information at 540-907-0048 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Lynne Harris
CENTURY 21 Battlefield King George, Virginia 540-907-0048 lynneharris_c21@yahoo.com Agent Home Page  |
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| Nearest Metro Area | Washington DC | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | No Change | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $250,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $400,000 - $449,000 | ||||
| Compared to Last Year | Down 0-5% | ||||
| Prices As % of Asking Price | 85-90% | ||||
| Multiple Offers? | No | ||||
| Multiple Offers Commentary | Most listings are not receiving multiple offers unless the owner and realtor listed the home at a really good price. Foreclosures and Short Sales listings are receiving multiple offers. | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in King George County is | Increasing | ||||
| Seller Activity for the past 90 days in King George County is | No Change | ||||
| Is Financing Available For Qualified Buyers in King George County? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Most cities within the King George County area are considered 'Housing Hotspots' | ||||
| Reason to Buy/Sell | Job Growth | ||||
| Average Sold Price | $250,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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