There has been a lot of talk over the last few years about the health of the market in Prince William County. When the market decline hit in 2005 Prince William County was one of the hardest areas hit in Northern Virginia. A lot of it can be contributed to the sub-prime market and also to the significant amount of new construction that popped up and lured investors to the area.
As 2010 draws to a close we see many positive signs in the market. One of the factors to consider is the number of healthy aka regular sales. For example in Lake Ridge VA, one of the largest planned communities in Prince William County, active “regular” listings far out weigh short sales and foreclosures.
Lake Ridge Townhouse Listings 11/30/10
Lake Ridge Detached Homes 11/30/10
What does this mean if you are looking to buy a home in the Lake Ridge neighborhood? It means you will find a neighborhood where prices are on the upswing and where you can negotiate directly with an seller to get a fast response on your offer.
If you are thinking of buying a home in the Lake Ridge neighborhood give me a call at 703-346-2213 to talk about the available options. No hassle, no pressure, just straight talk about whether now is the right time to buy a home in Lake Ridge, Prince William County or anywhere in the Northern Virginia area.