Lake Ridge Real Estate Market Update March 2014

Lake Ridge Real Estate Market Update March 2014, Claudia S. Nelson with Keller Williams Realty in Woodbridge VA 

Lake Ridge Woodbridge VA Home Price Trends

Understand the difference between Lake Ridge “listing prices” (what sellers are asking
for) and Lake Ridge “sold prices” (what buyers are willing to pay).

By comparing these Lake Ridge price trends, you’ll have a good idea of where the market
is heading. The median Lake Ridge listing and Lake Ridge sold property prices are calculated based on
the Lake Ridge market activity each month.

Some sales are not immediately available from
public records. As they become available, the data are updated. 

Lake Ridge Homes for Sale Inventory Trend

The number of active listings in Lake Ridge Woodbridge (22192) increased by
4.3% from the previous month.

The median Lake Ridge number of days active properties have been listed is
41. This is significantly shorter than the national
average.

The number of Lake Ridge Home sales in January dropped by 55.6% from the
previous month.

The percent of unoccupied properties is very low in Lake Ridge Woodbridge (22192) . It
is -13% below the national average.

Lake Ridge VA Median List Price: $ 336,730
Lake Ridge Median Days on Market: 41
Lake Ridge Active Listings: 133
Lake Ridge Distressed Listings: 12.8 %