Inside Prince William County Market News

Real Estate by the numbers for prince William County, Virginia.
There are 3 articles written on this subject. The most recent 10 are listed here:

Prince William Single Family Trends | August Update Home sale distribution by price and days on market Prince William County added to Daily Market Watch

You will find a complete Index of Articles by Category and by Month in the Archives.

September 11, 2007

The chart showing Prince William Single Family homes less than $1,000,000 is updated with August data. The 3% uptick we saw in July reversed itself in August. The gap between "original list price" and "net sold price" is a little over 10%. The Prince William County market has been the hardest hit of the big three with extremely sluggish activity. Average prices are down 6% from August of last year. Homes are currently selling for about 90% of assessed value.

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December 18, 2006

A recent commenter raised the question of how a "basket of homes" might effect the average sale prices we report in charts and graphs. For example, it only takes a few ultra expensive home sales to distort the average sale price (higher). Being the curious investigator I am, I pulled the following reports from the MLS that show the distribution of price as well as days on market for various home types. The period covered is December 16th through December 15th.

Fairfax County:	Loudoun County:	Prince William County:
All Property Types Condominiums Detached Single Family Townhouses	All Property Types Condominiums Detached Single Family Townhouses	All Property Types Condominiums Detached Single Family Townhouses

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December 14, 2006

ANNOUNCEMENT:
Prince William County, Virginia, one of the largest counties in Northern Virginia and a magnet for homeowners outside the Washington Metro area and the beltway, is added to the Daily Market Watch. Only the tables are implemented as of this date with charts to come soon. Charts implemented December 13, 2006 at Prince William Daily Market Watch.

Initial Observations:

• Active Inventory is higher than Loudoun County
• Average Days on market (domp) is slightly lower than Loudoun
• Average sold price is about $100,000 less (more affordable?)
• The absorption rate is lower than Loudoun and Fairfax indicating greater weakness
• Buyer Intensity is also more negative

All criteria for extracting data is the same as Fairfax and Loudoun counties.

Other Changes:
The LIST PRICE is added to each data category. I will eventually have these charted as well (as time and coding expertise permits). I spent the better part of this morning and afternoon getting the above additions debugged to display properly. Sorry for the delay.

Enjoy!

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