|This house on Forest Street in the Wakefield Chapel area of Annandale is on the market for $849,888.|
The average price of homes sold in Annandale last month ($460,017) is up 22.4 percent over November 2011 ($375,951).
The higher prices are mostly due to the lack of inventory, says Annandale resident Vivianne Couts of Coldwell Banker. There are very few homes on the market. There were only 78 active listing in November 2012, compared to 109 in November 2011.
The average price of a detached house sold in November 2012 was $551,722, up 18 percent from the same month a year ago. The average price of an attached house last months was $253,681, up 13 percent. One house sold in November was in the $1 million to $2.5 million range.