Lorton VA Real Estate Market Update - February 2014

Lorton VA Real Estate - Did the winter weather impact the home sales in the Lorton VA real estate market? Take a look at what happened in the Lorton VA area for the month of February 2014.

Closed Sales vs New Pendings

The number of homes that sold were down for the second month in Lorton VA. In February, there were 23 homes that closed and settled, down three units from January's total of 26.  It looks like the snow didn't stop buyers from stepping out and writing offers.  The number of new pendings (newly accepted written offers) shot up from 25 in January to 36 in February.  That tells me that the homebuyers in Lorton VA are out there, and they're not wasting any time waiting for the spring market.

What is the median price of a home In Lorton VA?

 The median price of homes in Lorton was $388,950 in February 2014.  Condos in Lorton continued to remain affordable with a median sold price of $223,000; townhomes were $338,950; and single-family detached homes were $530,000.  All home types maintained their affordability vs the closer in area of Alexandria VA.

How long were homes on the market in Lorton VA?

Keeping in line with seasonal patterns, home in Lorton VA stayed on the market an average of 52 days in February 2014.  The interactive chart above shows the statistics for the past two years.  In December, January, and February of 2013, the average days on market was also 52 days.

What was the Average List Price - to Sold Price?

According to the statistics, buyers are starting to get the upper hand in Lorton VA.  In February, homes in Lorton VA were sold an average of 94% of their original list price.  This is the lowest average in the last two years for the Lorton VA area. Could this be the sign of a buyers market in Lorton VA?

Find Lorton Va Homes For Sale

For a complete list of available real estate in Lorton VA, visit Lorton VA homes for sale. If you're in the market to buy a home, be sure to subscribe to my automated HomeFinder service where you can create unlimited searches and never miss out on another Lorton VA home.  If you're thinking about selling your home in Lorton VA, call me at 703-623-8759 or click here to find out what's been selling in your neighborhood and what your home is worth.

See Also - Alexandria VA Market Report for February 2014

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