Northern Virginia Real Estate Market

Focus: Burke Market
March 27th, 2011 9:48 PM

So what's been happening in Burke?...

There were a total of 477 single family residential sales in the Burke market over the past 12 months. MLS data shows a median sold price of $370,000 with a price range of $185,000 - $1,175,000.  Days-on-market ranged from 0 -329 days with a median DOM of 24 days.  The median sold price as a percentage of original median list price was 98%. 

The most recent 6 month period shows a total of 176 sales with a sold price range of $206,000 - $665,000 and a median sold price of $349,911, up 3% year-over-year. The median days-on-market was 35 days, up from a median of 15 days year-over-year.  The median sold price as a percentage median original list price has been 95%. 

The local Realtor MLS shows a total of 78 Active single family residential listings for sale in the Burke market.  The price range is $229,000 - $1,125,000 with a median list price of $424,900 and a median days-on-market of 43 days.  The months supply of inventory stands at 2 months based on 12 month sales and 2.7 months based on the most recent 6 months sales.

The highest sales price based on MRIS data in the Burke market over the most recent 6 month period goes to the property at 9477 Harrowhill Ln Burke, VA 22015  with a sales price of $660.000 with a total days-on-market of 70 days.  The listing agent was Lise Courtney Howe with Coldwell Banker Residential Real Estate.  The Selling agent was Judith McGuire with Long & Foster Real Estate, Inc.

Going back 12 months we have a high sale price of $1,175,000 for the property at 9829 Summerday Dr Burke, VA 22015 with a total days-on-market of 44.  The listing agent was Bruce Tyburski with RE/MAX Choice. The selling agent was Eunnie Lee with Fairfax Realty.

The highest list price of $1,125,000 currently goes to the property at 8805 Stewart St Burke, VA 22015  This property has been on the market for 5 days.  The listing agent is Roy Kohn with RE/MAX Allegiance.

The Burke Community includes the following zip code 22015

Subdivisions within the Burke market include: 

Bent Tree, Britford, Burke Centre, Burke Station Square, Burke Village, Burkewood Glenn, Cardinal Estates, Cardinal Glen, Carrleigh, Caroline Oaks, Cherry Run, Clayton's Grove, Crownleigh, Dunleigh, Edgewater, Fopur Oaks Estates, Fox Lair, Greenfield Farm, Heritage Square, Hillsdale, Homewood, Indian Oaks, Inglewood Estates, Keene Mill Woods, Kings Grove, Lake Braddock, Lakepointe, Lee Chapel Woods, Longwood Knolls, Meadow Brook Cove, Meadows of Narnia, Millstone Pond, Oak Leather Townhomes, Old Mill Community, Old Stone Mill, Orange Hunt West, Park Lee, Pepper Tree, Queens Gate, Rolling Valley West, Shannon Station, Signal Hill, Signal Hill Carrs, Southport, Spring Lake Farms, Summerday, Townes of Burke, Tripolis at Lake Braddock, Twinbrook, Waverly East, Weston Hills, Wooded Glen, Woodwalk

Market Trends for Burke:

We are Burke Real Estate Appraisers!

We have appraisers in Burke Zip Code 22015.

 


Posted in:General
Posted by Erol Sevin on March 27th, 2011 9:48 PMPost a Comment

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