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Townhouse Sale Prices In Prince William County, Virginia Have Seen Steady Rise

General Real Estate

Updated on Jun 18, 2013

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For the past three years, the Median Sales Price of attached townhouses in Prince William County, Virginia has seen a steady increase. This means the demand for townhouses has also increased.

How do we know the demand has increased? We look at the average number of days a house in on the market before it sells. In Prince William County, the Average Days on Market for attached townhouses in May 2013 was only 16 days! This is the lowest number of days in five years. In June of 2008 the number of days was 115.

Several factors may contribute to this data including low inventory in some areas, low interest rates for first time homebuyers and a general improvement in the housing market. Also young buyers—20 somethings and up with growing families—are seeking affordable housing in convenient locations and good public school districts. Zip codes in Bristow, Manassas and Woodbridge seem to be setting the pace.

Average Days on Market for Townhouses in Prince William County for the past five years shows lowest of 16 days in May:
Median Sales Price for Townhouses in Prince William County has increased over the past three years rising above $250,000 for the first time:
Median Sale Prices for townhouses in zip codes in Manassas, Bristow and Woodbridge over the past three years show fluctuation but the past few months show the highest range which is about a $50,000 increase from June 2010.

Below are charts illustrating this activity in Manassas, Bristow and Woodbridge:
What does this all mean for buyers and sellers in the the townhouse market? It's good news for sellers. They have statistics on their side for a quick sale at a good price comparitively.

For buyers looking to purchase a townhouse, I would advise you to be prepared before you start looking. Consult with a lender to determine how much you qualify for and have a pre-qualification letter ready. If you are a first-time home buyer, you are in a good position to move quickly on a home you are certain is right for you.
About Bryan Garcia

Bryan specializes in helping folks buy and sell real estate in Northern Virginia. His area of expertise is Prince William County, VA — Haymarket, Gainesville, Bristow, Manassas, Warrenton and surrounding communities.

Whether you are buying your first home, moving up to a larger home, downsizing, relocating in or out of the area or investing in real estate, Bryan can help. His dedication to perfection and commitment to excellence helped close more than 200 transactions and 60 million dollars in real estate. With the climate of today’s real estate market, it is more important than ever to hire a full time, highly trained real estate professional who has your best interest at heart. Bryan is constantly looking for opportunities to increase his level of service and exceed his client’s expectations.

Bryan is an Associate Broker & Licensed Realtor with EXIT Heritage Realty of Haymarket, Virginia and has been selling real estate full time since March 2002. In August 2006 he and his mother, Cheryl Garcia, converted Heritage Real Estate to EXIT Heritage Realty by joining EXIT Realty, the fastest growing real estate company in North America, as franchise owners. Bryan resides in the town of Haymarket, Virginia with his wife and two children where they enjoy the small town community lifestyle.

Haymarket, Virginia Real Estate and Homes for Sale – Bryan Garcia, Realtor®, EXITGarcia

Call Bryan Garcia today (703) 753-9100, ext. 103 or email [email protected] to learn more about his Seller’s Digital Marketing Strategy or his Buyer’s Navigational Service.
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