Thursday, January 21, 2010

SALES AT WEST FALLS CHURCH METRO

SALES AT WEST FALLS CHURCH METRO - TO BE EXACT WITHIN 0.5 mile radius:
Not too many properties at walking distance to the metro are on the market today. You can find a 4 BR 4 1/2 BA detached house for just under 900k and 3 BR 2 1/2 BA cape cod built in 1945 for 600k. There are also 3 condo units (2 in Gates of Westfalls (2 BR 2 1/2BA for 525K and 2 BR 1 BA for 350k)) and one unit (2 BR 2 BA in the Pavilion).
Only one property is under contract. Two have been sold since January 1 - with 10 and 17 days on the market respectively.
This is just another proof of the weirdness of this market. It is still dormant. Very few properties come to the market. But if a property is priced right, is in sought-after location and in good condition, there are 5-6 offers within a couple of days. Most of the listings go under contract within the first 7 - 10 days and settle in about 30 days.
Of course, you should be ready: get preapproved before you start your serious search and be ready to act once you see something you really like.
Good luck!

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