Hello Fort Hunters! We thought it would be interesting to take a quick look at how our 2012 real estate sales data compared to that of 2011*.
Here is what we found:
209 Sold Listings
Average List Price: $615,270
Average Sold Price: $601,896
Average Seller Subsidy: $3,352
Average Days on Market: 60
174 sold listings
Average List Price: $662,978
Average Sold Price: $643,857
Average Seller Subsidy: $3,798
Average Days on Market: 85
*statistics from MRIS 2013
Some points of note to help explain the differential, when by all accounts 2012 was a very strong year for our zip code is real estate. It always comes down to the many varying price points we have in this zip code. Houses can sell for well over 1 million, all the way down to the mid 300’s.
In 2011, there were 11 listings that sold for over 1 million dollars, and 12 listings that sold for under $400,000.
In 2012, there were 10 listings that sold for over 1 million dollars, and 17 listings that sold for under $400,000.
Take a look at the graph below to get a visual sense of the varying price points in our zip code that sold in 2012. Note that the largest number of homes that sold fall between $500K and $599K. The number of homes that closed in 2012 was 20% higher than the number of homes that closed in 2011.
We should all be thankful for a solid, strong real estate year, and especially thankful that we live (or maybe want to live) in the best corner of Fairfax County.
Look for our January 2012 real estate statistic article publishing right here in February 2013.
Let us hear from you!