Lake Barcroft Real Estate Market - View Lake Barcroft Real Estate Market Trends in Virginia

Winter 2012 Market Update For qualified applicants, now is an exceptional time to buy a home in Lake Barcroft. Low rates with currently low home prices, makes a home purchase within the community a great value. Contact Lake Barcroft’s Premier REALTOR for more information as well as listings + new availabilities @ 703-342-4600 or via email @ joseph@choicemoves.com http://www.lakebarcroftvarealestate.com/
Average Home Price	$600,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	30-60 days

Best Selling Price Range	$650,000 - $699,000

Worst Selling Price Range	$800,000 - $849,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Lake Barcroft is	Increasing

Seller Activity for the past 90 days in Lake Barcroft is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	Most properties are seeing multiple offers come in, however homes with desirable locations (closer to the beaches or lake front) are seeing a higher number of competing offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	10-15%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Interest rates are currently at record setting lows. Currently, all qualified buyers are receiving very competitive interest rates.

Housing Inventory	Limited Supply

Inventory Comments	Homes throughout the Falls Church zip code are seeing a stable to increasing supply of inventory, while the Lake Barcroft community is exhibiting a stagnant to limited supply. Average home sale prices in the Lake Barcroft community, are currently 2+ times higher than the overall zip code.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lake Barcroft is an exclusive community with great area schools, competitive prices, and a quality selection of available homes. The community’s inventory offers something for everyone and is considered one of the best places to live throughout the United States. Home sales prices continue to far exceed the national and local averages, and are currently on the rise throughout most of Lake Barcroft (average Lake Barcroft sales price = $602,919.00).

Nearest Metro Area	Washington, DC

Housing Hot Spots	Cities considered ’Housing Hotspots’ include Falls Church, Arlington, Fairfax, McLean, and Alexandria.

Average Sold Price	$600,000 - View Graph Trend

Lake Barcroft Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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