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January 8, 2009


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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Centreville, Virginia

Reported by Glenda Cherry, ABR, e-PRO, SRES, RE

Updated December 15, 2008.

Current Market Rating: 2




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2
3
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5
Buyer's

Seller's

Current Price Trend: 2




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2
3
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5
Falling

Rising

As of December 3, 2008, there are 328 active residential listings in Centreville and the average number of days on market is 116. The list prices range from $89,900 to $1,400,000; the average list price is $352,167 and the median is $299,900. The current market absorption rate is 5.05.

65 residential sales in Centreville closed during the month of November 2008 (down from 102 sales closed in October). These sales ranged in price from $77,000 to $617,000.

The average list price was $296,991 (down from $305,177 in October) and the average net sales price (less seller concessions) was $289,347 (down from $293,831 in October).

The median list price was $269,000 (down from $280,450 in October) and the median net sales price was $266,177 (down from $273,425 in October).

For sales closed in November, the number of days on market ranged from 2 to 327 and average number days on market was 83 (down from 93 in October).

Check my web site for graphs depicting historical home sale data and a list of recent home sales in Centreville. Click on "About Centreville".

For more information regarding these statistics, please feel free to contact me directly, either by phone or email.

Want to know what your home is worth? Contact me for a free, no-obligation Home Valuation Report!

(Source: Metropolitan Regional Information Systems, Inc. (MRIS) 2008 - Information deemed reliable, but not guaranteed.)



ZIP Codes: 20120, 20121

Location Characteristics: Originally known as Newgate, the town of Centreville was chartered by the Virginia General Assembly in 1792. During the Civil War, Centreville was caught in a crossfire between the states that turned the town into a wasteland; Centreville remained a sleepy rural village until the 1930s. Many historic sites remain, including the Sully Plantation and St. John's Episcopal Church which served as battlefield hospital during the Civil War. Today, Centreville is a thriving suburb with easy access to the Dulles Technology Corridor; just 20 miles west of Washington, DC, Centreville offers a variety of housing options including condominiums, townhouses and detached homes.

For More Information:

View Market Conditions of other areas served by Glenda Cherry

Navigate: Top > Virginia > Centreville

About Glenda Cherry:
Full-time, licensed Real Estate Agent
National Sales Award (Top 5% Nationwide)
Accredited Buyer Representative (ABR)
e-PRO Internet Professional (e-PRO)
Seniors Real Estate Specialist (SRES)
Weichert, Realtors Relocation Specialist
Weichert, Realtors Rental Certification
Certification of Completion—Relocation 101—Assisting Consumers with Corporate-Sponsored Moves (Worldwide ERC Training Institute)
Member, National Association of Realtors, Virginia Association of Realtors, Northern Virginia Association of Realtors
Over 20 years of management and technology experience.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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