King George County Real Estate Market Conditions & Reports, King George County Market Trends, Virginia

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 low home prices makes a home purchase a great value! Call now for more information at 540-907-0048

Report Date

Spring 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Lynne Harris
CENTURY 21 Battlefield
King George, Virginia
540-907-0048
lynneharris_c21@yahoo.com
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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

Decreasing

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?

Yes

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

First Time Buyers

Buyer Activity for the past 90 days in King George County is

Decreasing

Seller Activity for the past 90 days in King George County is

Decreasing

Is Financing Available For Qualified Buyers in King George County?

Yes

Comments on Financing For Qualified Buyers

Don't forget about the tax credit extended until April!

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...