Elizabeth Ann Kline                           Real Estate Agent - Realtor - Springfield 22153 - Burke 22015 - West Springfield 22152 - VA - Fairfax County Virginia

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New Weakness in Price Cuts in Burke, Va!


Real Estate Agent Elizabeth Ann Kline Realtor Springfield Burke Lorton Woodbridge Alexandria Glenwood Manor West Springfield Va

On top of a recent downward trend in sellers reducing price, including 58 markdowns over the last 30 days, sales in the Burke, VA real estate market fell to 59 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Potential buyers should note that prices are coming down in Burke, Virginia and for this period the median sales price slid from $462,450 to $430,500. In spite of the decrease in sales, a low two months of inventory signals that Burke is a definite seller's market.

Demographic facts about Burke, Va 22015:

*The median value of all homes in the area is $409,000.
*This area usually gets 83 rainy days each year. (U.S. average: 100)
*The unemployment rate for this area is 4.0%.
*For every teacher there are 13.2 students in this area. (15.3 = national average)

Springfield - West Springfield - Burke - Lorton - Woodbridge - Alexandria, VA and Beyond...

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October 12, 2016
Elizabeth Ann Kline
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Elizabeth Ann Kline RE/MAX Executives Lakewood Hills Glenwood Manor Springfield - Burke - Lorton Woodbridge Alexandria Va

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This Week in Burke, Va 22015

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Elizabeth Ann Kline  RE/MAX Executives Agent

October 12, 2016