As we head into the New Year – it’s a good time to look back over the past 10 years and see what has happened in Vienna real estate. Here are the highlights:
Prices are rising. The average price in Vienna rose 9% over the previous year and is higher than it was at the top of the market in 2006.
NUMBER OF HOME SALES:
Inventory is still a challenge in Vienna and is keeping sales WAY below what they were at their peak. That being said, sales for each of the past two years have been up over the previous year, but rose only 1% over the previous year.
DAYS ON MARKET:
Homes continue to sell quickly in Vienna. In 2013, homes sold in an average of 40 days – faster than in any other year since 2005. (Note: Belt Team listings sold in an average of 5 days – AND at a higher percentage of list price than average!)
SOLD PRICE AS PERCENTAGE OF LIST PRICE
Sellers in 2013 garnered a higher percentage of list price than in any year since 2005 – 98.19%. (For example, if a home was listed at $900,000 – the average Seller would have sold it for $883,710. Note that Belt Team Sellers garnered 99.2% of list price. So that same Seller would have sold for $892,800 and put an extra $9,090 in their pocket!)
Contact our CEO, Terry Belt about selling your home in Vienna.
Contact our Senior Buyer Specialist, Tom Reilly about buying a home in Vienna.