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Friday, December 12, 2014

Annandale home prices rising

The median sales price of a home sold in Annandale (zip code 22003) in November was $542,000. That’s a 9 percent increase from November 2013, according to data provided by realtor Vivianne Couts of Coldwell Banker.

The average sales price in November was $558,708, up 12 percent from $498,625 in November of 2013 and up 1.4 percent from $551,100 in October 2014.

Twenty-eight homes were sold in Annandale in November 2014, compared to 24 in October and just 20 in November 2013. So far, 329 homes were sold in Annandale in 2014, which is down about 12 percent from last year.

There were 82 properties available for sale last month, compared to 111 in October and 74 in November 2013.

Houses are selling faster than they had been a year ago, which indicates the market is favoring sellers over buyers. In November the average home took 37 days to sell, down from 50 days in October and 38 days in November 2013.

1 comment:

  1. That is great news! Now if the other neighborhoods like Oakton, Vienna, and Burke would not go up in price faster than Annandale; then maybe I get out of the clutches of One Cent Gross.