Woodbridge VA Real Estate Market Activity for 2015
This statistic will be updated and completed to accurately reflect December numbers beginning of January 2016.
Overall the Woodbridge VA Real Estate Market was strong and comparing it to 2014 even slightly up. There was a lot of inventory of homes for sale in Woodbridge VA in 2015 making it a buyers market, especially in the second half of 2015 with more and more inventory of homes for sale coming on the market. The first time home buyers market is very strong. Most homes are selling in the sweet spot of $ 200 k to $ 300 k. This makes a great first time home buyer price range but also investors are purchasing homes in the below $ 300 k. There are still a good amount of sales in the higher price ranges as many buyers are looking to move up from a condo or townhome to a single family home. Having said that there are also lots of new homes that buyers are building, builders have seen strong sales in 2015 in the Woodbridge VA area. There are many new home communities in and around the Woodbridge VA area that have seen lots of building activity in 2015. Here is a link for new homes for sale in Woodbridge VA.
Here is the Real Estate Market in numbers for Woodbridge VA for 2014.
Condo sales have been good with several new condo communities coming back to the Woodbridge VA area. Most of the new home sales are not reflected in this chart, but trust me there are multiple new condo communities in Woodbridge. Here is a link of condo's for sale in Woodbridge VA. Click here
Here you see the trend in homes for sale in Woodbridge VA from 2014 to 2015
Overall in 2014 and 2015, we saw prices of homes go up, which led to an increase in homes for sale in the Woodbridge. As mentioned above due to the increase in inventory of homes for sale the Woodbridge VA Real Estate Market was a buyers market in most price ranges, but especially in the higher price ranges and the condo market.
As with most years May, June, July and August have been the strongest months in Real Estate. That's when all the spring listings are heading to closing. In the last couple of years the spring market has started early especially if we are seeing a mild winter, and if you are getting ready to selling your home in 2016 you should consider getting a head start and listing prior to the competition. The less competition you have the better.
Woodbridge VA Home prices have gone up consistently over the past couple of years. Here you can see a graph for the 22193 Woodbridge VA zip code and home prices. There is a discrepancy between list price and sales prices.
Here are some more details about the Woodbridge VA Real Estate market broken down by Zip Code:
Woodbridge VA 22193 Zip Code for December 2015
Median Listing Price $339,040
Median Days on Market 58
Woodbridge VA 22192 Zip Code for December 2015
Median Listing Price $369,220
Median Days on Market 64
Woodbridge VA 22191 Zip Code Market Stats for December 2015
Median Listing Price $ 346,580
Median Days on Market 54
So what should we expect in 2016 for the Woodbridge VA Real Estate Market? Well, that is the million dollar question, and that's when I wish I had a crystal ball to properly predict the Woodbridge VA Real Estate Market for 2016. Here is my thought on the Woodbridge VA Real Estate Market and Prediction for what I believe will happen in 2016.
Interest rates are still relatively low making it very attractive for buyers to either buy their first home, upgrade or downsize their current home. There are a lot of sellers that attempted to sell their home in 2015 and there is a good chance some of these sellers will put their home back on the market during the Woodbridge VA Spring Real Estate Market. It is also possible that some of these home sellers made upgrades to their homes or are considering an adjusted price when they re-list. As you can see in the above charts the spring Real Estate Market generally generates the most sales in June and July. As always there are lots of military families PCS'ing to this area and a lot of them, especially if they are planning on retiring in this area, will be purchasing a home. So my prediction will be the Woodbridge VA Real Estate Market should remain relatively strong in 2016 and most likely as well in 2017. With the upcoming presidential election, there is always a good amount of turn-over and staffers needing to purchase homes in this area, which could benefit the Woodbridge Real Estate Market as well.
If you are considering purchasing or selling a home in 2016 I would be more than happy to assist you. I am a full-time Real Estate Agent with a team supporting me. When you work with the Claudia S. Nelson Real Estate Team you are getting the full-service experience. Here are some links for you to get started. If you are looking to purchase a home now or anytime in the near or distant future you can start by going to my website at www.ClaudiaSNelson.com There you will find a link to search for homes for sale. You will also see a tab to connect with a loan officer. The best advice I can give you is to contact me, to set up a c buyers consultation. You can call me at 571-446-0002.
If you are looking to sell a home in 2016 or anytime I would love to help you. Here are some great starting websites on the first one you can get your home value: www.SellwithClaudia.com or www.costofsellingmyhouse.com You should call me at 571-446-0002 to set up a time for us to meet and discussing all your real estate needs.
Woodbridge VA Real Estate Activiey for 2015 has been brought to you by Woodbridge, Virginia Realtor®, Claudia S. Nelson. Claudia is a Real Estate Agent with Keller Williams Realty located in Woodbridge, Virginia. She is an award winning Woodbridge VA Real Estate Agent, specializing in Residental Real Estate in Northern Virginia.
For All Your Real Estate Needs, Call or Text
Claudia S. Nelson
571-446-0002
