The chart below demonstrates clearly that October 2008 versus October 2007 price reduction percentages were greater in Prince William County than they were in Fairfax County.
Are there speculations as to why this occurred? Yes, and that is exactly what they are - speculations. However, we believe there is one indisputable reason.
As a result, many people in Prince William County who do not have to sell their home are not putting them on the market - the market of homes for sale is weighted towards foreclosed homes.
There are price reductions in both counties, but the opportunity to make a "good deal" may be greater in Prince William County at this point in time. That opportunity is viable only if living in Prince William County is practical for you. Are there attractive oppoortunities to purchase a home in Fairfax County? Yes and we have considerable experience finding them as well as we do in Prince William County
Additionally, the availability of VA and FHA financing makes Prince William an even greater opportunity for the military or civilian purchaser.
If you are planning a home purchase in either county and are concerned about the current market contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.
|
|
||
|
FAIRFAX COUNTY AND PRINCE WILLIAM COUNTY |
||
|
|
||
|
OCTOBER 2007 and OCTOBER 2008 PRICE CHANGE COMPARISON |
||
|
|
|
|
|
|
|
|
|
PROPERTY TYPE |
PRINCE WILLIAM |
FAIRFAX |
|
|
|
|
|
CONDOMIMIUM |
Minus 37% |
Minus 24% |
|
|
|
|
|
DETACHED HOME |
Minus 34% |
Minus 23% |
|
|
|
|
|
TOWN HOME |
Minus 45% |
Minus 23% |
|
|
||
|
By Karen Kruschka |
||
|
|
||
My wife Karen and I have been proud residents of Lake Ridge for 26 years. Many of our Active Rain posts make reference to our involvement in our community.
In my case I have served the community in two important ways
YOUTH For 11 years I was involved with the Boy Scouts of America in Lake Ridge as our son worked his way from Cub Scout to Eagle Scout in 1992.
COMMUNITY As a member of the Lake Ridge Rotary Club I supported such projects as
If you are planning a Lake Ridge home purchase we welcome the opportunity to meet and chat with you. Lake Ridge has all the attributes of an "American Hometown" as well as faciliting travel to both military and civilian work centers throughout the National Capital Area. In the meantime please use our
and then contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

Lorton Station is a 300 acre subdivision of 950 newer homes just South of Fort Belvoir. Detached homes and town homes are available and, yes,
Kids attend Lorton Station Elementary and, depending on where you live, they will attend either South County Secondary or Hayfield Secondary.
Three shopping centers, Lorton Station Marketplace,Lorton Station Town Center and Gunston Plaza provide a full range of retail services and numerous excellent restaurants.
|
LORTON STATION TOWN HOME MARKET REPORT |
|||
|
|
|||
|
HOMES FOR SALE |
|||
|
|
|||
|
Currentlythere are 4 homes for sale at an average list price of $390,950 |
|||
|
|
|||
|
HOMES SOLD AND SETTLED |
|||
|
|
|||
|
YEAR-TO-DATE 2008 AS OF 11/18/2008 VERSUS TOTAL 2007 |
|||
|
|
|||
|
|
2007 |
2008 |
+/- % |
|
|
|
|
|
|
Number of Homes |
11 |
16 |
NA |
|
|
|
|
|
|
Average List Price |
488,464 |
405,756 |
- 17% |
|
|
|
|
|
|
Average Sales Price |
474,136 |
400,183 |
- 16% |
|
|
|
|
|
|
Seller Contribution |
- 6,614 |
- 6,801 |
+3% |
|
|
|
|
|
|
Net Sales Price |
467,522 |
393,382 |
- 16% |
|
|
|
|
|
|
Prepared By Karen Kruschka |
|||
Also see WAYNEWOOD, a large subdivision, 15 minutes to the north of Fort Belvoir with excellent amenities. Or go 15 minutes west to SARATOGA,
North South or West, there are excellent subdivisions within 15 minutes of Fort Belvoir.If you are planning a Northern Virginia please use our
and then contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.


Lorton Station is a 300 acre subdivision of 950 newer homes just South of Fort Belvoir. Detached homes and town homes are available and, yes,
Kids attend Lorton Station Elementary and, depending on where you live, they will attend either South County Secondary or Hayfield Secondary.
Three shopping centers, Lorton Station Marketplace,Lorton Station Town Center and Gunston Plaza provide a full range of retail services and numerous excellent restaurants.
Also see WAYNEWOOD, a large subdivision, 15 minutes to the north of Fort Belvoir with excellent amenities. Or go 15 minutes west to SARATOGA,
North South or West, there are excellent subdivisions within 15 minutes of Fort Belvoir.If you are planning a Northern Virginia please use our
and then contact Karen and Art by Email or call us at 703-562-1532. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.
|
LORTON STATION DETACHED HOME MARKET REPORT |
|||||
|
|
|||||
|
HOMES FOR SALE |
|||||
|
|
|||||
|
Address |
List Price |
Days |
|||
|
|
|||||
|
7717 Porters Hill Lane |
499,999 |
87 |
|||
|
7724 Tea Table Drive |
519,900 |
59 |
|||
|
9510 Daniel French Street |
499,900 |
27 |
|||
|
|
|||||
|
HOMES SOLD AND SETTLED |
|||||
|
|
|||||
|
YEAR-TO-DATE 2008 AS OF 11/18/2008 VERSUS TOTAL 2007 |
|||||
|
|
|||||
|
|
2007 |
2008 |
+/- % |
||
|
|
|
|
|
||
|
Number of Homes |
12 |
9 |
NA |
||
|
|
|
|
|
||
|
Average List Price |
622,258 |
558,728 |
- 10% |
||
|
|
|
|
|
||
|
Average Sales Price |
608,033 |
544,211 |
-10% |
||
|
|
|
|
|
||
|
Seller Contribution |
- 3,500 |
- 9,056 |
+259% |
||
|
|
|
|
|
||
|
Net Sales Price |
604,533 |
535,155 |
- 11% |
||
|
|
|
|
|
||
|
Prepared By Karen Kruschka |
|||||


The Patriot, a section of our local Prince William County (Northern Virginia) newspaper had an article today advising that federal law has been changed to allow a military-style hand salute during the playing of the national anthem. This will apply to
"The military salute is a unique gesture of respect that marks those who have served in our nation's armed forces," Veterans Affairs Secretary Dr. James B; Peake said.
The same law allows veterans and active duty military personnel not in uniform to render a military-style salute during the raising, lowering or passing of the flag.
We attended a Veteran's Day event last weekend and I noticed some older men in civilian clothes saluting during the national anthem - now I know why.
That means if a vet attends a military burial ceremony, they'll have the right to salute the folded flag as it is passed to the surviving spouse.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved