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Friday, July 18, 2014

Annandale real estate market in the doldrums

This house in the Brook Hill Estates community is on the market for $1.475 million.
The housing market in Annandale was pretty flat in June, reports real estate contributor Vivianne Couts of Coldwell Banker.

The average price of a home sold in Annandale (zip code 22003) last month was $508,564, down 4 percent from June 2013. The median price, $552,460, is up 0.63 percent. Sixty-two units sold last month, compared to 63 in June 2013.

“Houses that are well priced are selling quickly,” Couts says. “But the ones that are overpriced—and we have lots of those—are sitting.” There are two houses that have been on the market for more than a year, one of them for 605 days.

The lowest-price home for sale in Annandale is a condo on the market for $169,900. It’s a street-level unit on Americana Drive with two bedrooms and two bathrooms.

The highest-price home on the market, $1.475 million, is a 7,200-square foot house on Brook Hills Drive, Annandale. It has five bedrooms, five bathrooms, a wine cellar, a pond in the front yard, and much more. Two houses priced in the $1 million to $2.5 million category sold in Annandale last month.

1 comment:

  1. Not Broyhill Crest! Properties are moving fast. Contributing factors are Mason Crest Elementary, proximity to hot lanes with dedicated access, proximity to Mosaic, and a wonderful community pool! It's Penny (Gross) proof!

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