Get Out Your Trampolines-Port Potomac Prices Take a Hearty Bounce

Buyer’s who are still waiting for the bottom of the market in the Port Potomac neighborhood in Prince William County may be in for a surprise.   Prices for Port Potomac townhouses have made a significant bounce from Q1 2009 to Q1 2010.  Port Potomac is one of the newer neighborhoods eastern in Prince William County VA that was hit hard by declining prices and short sales in late 2008 and early 2009.

Though far from the prices when the final new deliveries and first “flip” started the prices have been on the rise and seller subsidy has declined

My recent townhouse listing at Steerage Circle sold within a few days of being listed.   Average days on market has continued to drop in Port Potmac.  In the first quarter of 2010 the average days on market was 25.

If you are considering selling your townhouse in Port Potomac give me a call at 703-346-2213.  Let my knowledge of the Port Potomac neighborhood work for you in 2010.  If you are a military family in Port Potomac or anywhere in the Northern Virginia area give me a acall me to discuss whether you qualify for Department of Defense HAP benefits to help you sell your home.

One thought on “Get Out Your Trampolines-Port Potomac Prices Take a Hearty Bounce

  1. Down here in Orlando, prices in March were up 5% and closings were up over 40% over a year ago. Prices are up 12% fromJanuary. Most are attributing it to the home buyer tax credit but I’ve seen some foreign money coming in and I think investors, particularly fromm Brazil, have determined that we’ve hit the true bottom and they are jumping in. Is there much foreign investmetn coming into your area or is it all pent up consumer demand?

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