What's Going on in my Zip Code

This is a handy little chart courtesy of RBI (Real Estate Business Intelligence) that shows what has been going on in my zip code for January in comparison with what happened in December and January a year ago. The most important thing it tells us is that average sold price has increased across the board except in the category of two bedroom or less townhomes, but only one sold in January of this year and that is really too small a sample size to make any type of educated comparison. Below is a chart from MRIS that shows the number of units sold in January in the 22033 zip code and how their pricing affected their days on market.

This chart shows that there is a lot of variety in the units that have sold in the 22033 zip code, but those right around the average sales price from the above chart of $416,321.00 are staying on the market for a relatively short time when compared to the overall average days on market for 22033 of 68. This chart demonstrates that if a house is priced fairly under current market conditions it will move.

As always it is important to look at all the factors and weights and to understand that the market can shift drastically from subdivision to subdivision. If you are looking to put your home on the market I can bring you this data or date like it that will help you in making the decision of what price your property should be listed at to sell in this market.

I learn something new in real estate everyday
so you don't have to
David Huzzard
www.SuperNoVaRealty.com