It is always a great idea to check in and understand how our real estate market is doing. So today we are taking a look at our local market – specifically 20148. This includes all of the Brambleton market and some other great surrounding neighborhoods.
For the full report, click here: Market Statistics-20148-Q12015
In the first quarter of 2015, things are looking pretty positive all the way around. Our most impressive number is the sold volume dollars, which is up by + 34.7%. The number of units sold is up by +34.26%. This tells us quickly that there was a larger selection of homes for Buyers to choose from, and they did in fact choose to buy – which pushed these percentages up. Interestingly enough, this did push days on the market up just a bit, as it rose 13.79%. Days on the market increasing gives a slight lean towards a Buyers’ market, which is reflected somewhat in the average sold price per unit, which is down slightly -0.80%.
The key fact here is the the market is moving! Sellers are listing and Buyers are buying. Interest rates remain at a historically low rate, keeping our market healthy. The “buzz” in the lending world is that we should expect to see interest rates rise slightly, potentially headed towards 5% within the next 12 months. Keep this in mind while planning your next move, whether it is buying or selling, as both markets will feel the effects of higher interest rates.
Brambleton is located in the 20148 market and it remains a hot neighborhood not only locally but as a nationally recognized, award winning community!
Fun Facts about the Brambleton market:
-Average adult age is 42
-Average household income is $139,971
-There are +2.32% more females (in the local population)
The JS Realty Team are your local Brambleton experts! We offer 4.5% Full Service Listing fees and cash back to our Buyers! If you are looking to Buy or Sell, contact us today for a free analysis of what we can do for you.
The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.