Gainesville Virginia Real Estate Market Update

Bottom Line is that inventory is down and sales are up! Inventory levels are down roughly 20% and sales are up roughly 15%. Sales prices have been relatively flat, which means we are poised for a potential price adjustment upward as demand exceeds supply this coming spring. Here’s what’s happening in some of my favorite Gainesville Communities and Gainesville Virginia Homes for Sale…

Lake Manassas homes for sale are down 38% from 2015 and closed sales are up 39% from 2015. Average sold prices are flat year over year. This great community offers luxurious single family and townhouse homes. Prices start in the $400’s and can climb over $1,000,000 for single family homes. Many homes are sited with lake or golf course views. Check out Lake Manassas Homes for Sale.

Virginia Oaks homes for sale are down 28% from 2015 and closed sales are up 7% from 2015. Average sold prices are up 5% year over year. This great community offers a wide variety of both single family and townhouse homes. Home prices in Virginia Oaks for both single family and townhouses can start in the $300’s and climb to over $700,000. Many homes are sited with lake or golf course views. Check out Virginia Oaks homes for sale.

Glenkirk Estates homes for sale are double from 2015 and closed sales are down 10%. Average sold prices are flat. Competition from new construction in Bristow and Warrenton seem to be attracting away potential purchasers from this amenity rich community. I am anticipating continues leveling off of pricing in this community as resale is now taking over from the recently finished builder with respect to community sales. Check out Glenkirk Estates homes for sale.

Bridlewood homes for sale are down 33% from 2015 and closed sales are up about 4%. Average sold prices are up 13%. Bridlewood is a very attractive and affordable community for single family and townhouse purchasers. Pricing is from the low $300’s to $500k! Check out Bridlewood homes for sale.

There are several other great communities in Gainesville Virginia that offer wonderful amenities and homes for sale. Reach out to me for additional insight and recommendations!