Woodbridge VA Current Real Estate as of May 2015
Over the past couple of days, I personally have ratified several contracts. There are serious home buyers out there looking to find the perfect home for them and their families. Currently, interest rates are low and most experts are expecting rates to move higher soon. This is helping the Woodbridge Real Estate market quite a bit. There are many Woodbridge VA Homeowners that are looking to move up. Buyers that purchased at the beginning of the foreclosure crisis, that bought low and now have equity in their homes are considering moving up and getting a bigger home. Which means they are selling their current home which they most likely improved significantly since they purchased it making it the perfect home for a new Woodbridge VA first time home buyer or anyone looking to move even investors that are looking to rent the home.
Prices have been going up in most area’s of Woodbridge VA. Single family homes and especially homes for first time home buyers are highly in demand at the moment. There has been a good amount of homes for sale in the Woodbridge VA area making this more of a buyers market then a sellers market. Having said that if the home is in great condition and priced right then again it becomes a sellers market.
One area with lots of homes for sale, lots of inventories is Potomac Club in Woodbridge VA which is conveniently located across the street from Stonebridge at Potomac Town Center. Potomac Club is a newer gated and amenity filled community in Woodbridge VA. Many of the original homeowners are now ready to moving on or moving up, resulting in lots of homes for sale. Homes that are priced the right way and are showing nice will sell. Buyers really can pick and choose. Making this particular area more of a buyers market.
So overall the current Woodbridge VA Real Estate market is a mixed market. If you would like to find out if your home is in a buyers or sellers market contact me today to find out. Call 571-446-0002 to find out more about what your home could sell for. If you are simply interested in finding out what your Woodbridge VA home is worth click here
How have investors impacted the Woodbridge VA Real Estate Market
Earlier I mentioned investors. Investors have been a big part of the Woodbridge VA Real Estate market for the past especially after the foreclosure crisis. Back in the days when the market was at its lowest many investors snatched up great deals and either fixed them up to flipping the homes or fixed them up to renting them out. Regardless of the investor, flipping or renting, both has helped the Woodbridge VA Real Estate market. As a matter of fact, I just helped a buyer purchase the home he has been renting from an investor that purchased the home in 2009 and now sold it to his tenant. These are stories happening all over in the Woodbridge VA area. Investors that have fixed up home and are now selling. Investors have been an essential part of the Woodbridge VA Real Estate recovery and they will continue to be an essential part going forward.
Besides these investors, there have been many other crucial investments in the Woodbridge VA area. Like the new shopping center around Stonebridge at Potomac Town Center centering around Wegmans. There is also lots of investments happening across the street from Stonebridge, the Sentara Hospital is expanding and much other new business have been coming to Woodbridge VA and surrounding area, not to forget the base realignment. This all as helped the Woodbridge VA Real Estate Market. Not to forget the new Potomac Nationals Stadium that will be coming.
There has been so much investment in the Woodbridge area all bringing employment and jobs to the area, which means all these employees will need places to live. They are either wanting to purchase something or rent something in the area. Just take a look at what’s happening currently around Potomac Mills. There are many new stores at Potomac Mills and also great new restaurants, like The Cheesecake Factory, Bahama Breeze and so many more. I actually celebrated my birthday at The Cheesecake Factory last year. They always have great food.
How Foreclosures & Short Sales have affected the Woodbridge VA Real Estate Market
Foreclosures have affected the Woodbridge VA Real Estate Market heavily, however now there are hardly any foreclosures anymore and it looks like Woodbridge has been coming out of the foreclosure crisis stronger than before.
These days there aren’t many distressed sales. There are still some distressed sales, but it is marginal. At the height of the foreclosure crisis there weren’t hardly any regular sales only foreclosures and short sales, now over 90 percent of the sales are regular sales, which is a great sign.
What about New Home Sales in Woodbridge VA
Home builders have had a big impact on the Woodbridge Real Estate recovery. There are many new homes communities in the Woodbridge VA Area. They are building beautiful single family homes, townhouses and of course condominiums in the Woodbridge VA area. There are many new homes communities currently in the Woodbridge VA area. I have put together a list of brand new homes in Woodbridge VA right here, just click the link. Many of these communities are selling new homes at record pace. So many home buyers looking to live the American dream and building their own home. Find all new home construction in Woodbridge VA right here. Click here for your list.
How will the election impact the Woodbridge VA Real Estate Market?
The election is always bringing more people to the local area in and around the Washington DC. Any new administration will bring their own people and it is always expected that there will be some moving around before and after the election. Not making any predictions on the outcome of the presidential election but one thing is for sure having the federal government so close for sure helps the Woodbridge VA Real Estate market.
Where I see the Woodbridge VA Real Estate Market in the next 5 years
This is the one million dollar question. Anyone can make predictions, but no one has a crystal bowl and can tell you for sure where the market is moving to. Here are my thoughts on what will be happening to the local Woodbridge VA Real Estate market. I truly believe over the next couple of years we will see normal growth in the area real estate market. With interest rates being on the raise prices will not rise as quickly as they have been over the past couple of years. As mentioned I do believe prices will grow at a normal pace.
Why did I move to Woodbridge and why I love it here
Well, several years back my then boyfriend moved to Woodbridge. I was living in Washington DC in a one-bedroom rental apartment. I loved it, back then it was affordable today it probably rents for $ 2000.- a month. Well, my boyfriend was and still is a seasoned Real Estate professional who saw all the opportunities Woodbridge has. He bought a townhouse in Lake Ridge and after fighting it for a while I moved in with him, commuting to DC for my job in the financial world.
Once I moved to Woodbridge I immediately loved it and since I moved here so much has changed. So many new things have come here. I love being still very close to DC, but far enough to enjoy some peace and quietness. I love the fact that Woodbridge VA really offers everything. From great shopping at Potomac Mills or Stonebridge at Potomac Town Center to great restaurants. When I first moved to Woodbridge there was no Stonebridge and there wasn’t quite the selection of restaurants that’s in the Woodbridge are now. Woodbridge also has some great parks. From the Leesylvania State park to the Dale City Waterpark and, of course, all the Lake Ridge has to offer.
There are also great Golf Courses in and around the Woodbridge VA Area. Although I have to admit I don’t play golf but many of my friends and clients do. I am more of a gym person, I feel like playing golf isn’t really a workout, but I shouldn’t ever mention this to a golf player.
So there, you have it Woodbridge truly offers so much and then more.
I would like to the take the opportunity to introduce myself. My name isClaudia S. Nelson and live and work in Woodbridge VA. I am a Real Estate Agent with Keller Williams in Woodbridge VA. Since I live and work in Woodbridge VA I am very familiar with the Woodbridge VA Real Estate Market.
My specialty is Residential Real Estate in Woodbridge VA. Although I provide real estate services in all of Northern Virginia, I have a special focus on Woodbridge VA Real Estate and surrounding area. Specializing in finding Homes for Sale in Wodbridge VA for first time home buyers, Woodbridge VA military relocation, moving up or down buyers, and investors.
For all Woodbridge VA home Sellers, I have a proven marketing plan to sell your Woodbridge VA home quickly and for top dollars. I understand Woodbridge VA Home Values I even offer a FREE service to all my clients that allows them to track their Woodbridge VA Home Values.TrackmyWoodbridgeVAHomeValue.com. I understand how the Woodbridge VA Real Estate Market moves and I would be happy to speaking to you if you are considering selling your Woodbridge VA Home. I don’t just put your home on the market and a sign in the front yard, I market your home to sell it quickly and for TOP dollars.
Whether you are considering buying or selling a home in Woodbridge Virginia choose a Real Estate Agent with a proven track record when it comes to buying and selling homes in Woodbridge VA.
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Woodbridge VA Homes for Sale call 571-285-4319 or Text 202-299-7671. Interested in your Woodbridge VA Home Value, Ready to speaking with a Woodbridge VA Real Estate Agent to sell your Woodbridge VA Home call 571-285-4319 or Text 202-299-7671.
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Market Analysis for Woodbridge VA
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