In Oakton Virginia (22124 Zip code) there were 7 homes Sold in June of 2009. 2 of these were townhomes, and the rest (5) were Single Family Homes. They sold in an average of 41 days on the market. There was also an average sold price of 96% of the asking/listed price. 2 of these transactions had subsidies from the seller to the buyer. If you average those 2 subsidies among the 7 properties sold, then it is an average subsidy of just over $1000 (from seller to buyer – typically for closing costs).
None of these sales were short sales, bank owned properties or foreclosures, or auction sales.
Here is more information on each of these home sales.
Compared to same month last year (June 2008), June 2009 had much less sales volume. Last year there were 21 sold properties in June. This year, as we mentioned above, 7. However, last year the days on market averaged 120 days for those that sold. So 41 days is definately an improvement.
Besides the sales, there are also 90 properties for sale on the market in Oakton right now. 60 of those are single family homes ranging in price from $449,999 to $6,700,000. There are another 15 properties on the market that are townhomes. They range in price from $399,900 to $639,000. Then there are another 15 properties on the market that are condominiums. These range in price from $165,000, all the way upto $369,000. Of the 90 homes available on the market right now, 9 are potential short sales, and 3 are bank owned or foreclosure properties.
Data from MRIS.
