The sales activity and prices in Woodburn Village have been great in 2013 with 22 total sales and just 2 more weeks to go. That is a far cry from the 42 that sold in 2008, however back then they were mostly foreclosures and short sales.
A great piece of news is that the number of distressed sales keep going down. In 2009, only 23% of the sales were normal sales, in 2010 33%, in 2011 57% of the sales were normal. Up to this year in 2013, only two sales were distressed out of the 22 total. That is great news for the owners and the community and prices have kept on rising over the last few years.
The inventory is very low at Woodburn Village and homes sell very quickly. Please click here to see what is currently for sale at Woodburn Village.
To get a better understanding of the overall price development in the neighborhood, please see below graph.
As can be seen from the above the average sales prices seem to have bottomed out in 2009. All units seem to be popular and selling very well – typically in just days.
Moving on to rentals the rental prices generally keep their upward trend too:
Woodburn Village is a great neighborhood and the prices have been increasing over the last couple years. Coupled with the still historically low interest rates and increasing rents this is an excellent time to buy for a home or investment. If you would like to discuss selling or purchasing at Woodburn Village please give us a call or contact us online.
Are Andresen Broker, Soldsense Realty LLC Licensed Virginia “Your sixth sense in real estate”