2013 Year in Review: Greenway Farm
There must be something special about living in the southwest part of Leesburg. That’s my only explanation for the sparse activity in each of the neighborhoods here, including Greenway Farm. Despite over 400 homes it’s odd for more than twenty to sell in a year. The 2013 real estate market was a bit more active than normal, lets take a look…
Single family homes in Greenway Farm typically have 4 bedrooms, 3.5 baths, 2600 square feet, and are situated on approximately .25 acres. Last year eleven homes sold for an average price of $510,663, just 2% more than 2012’s average of $500,667 (three sales). It also took a twice as long to ratify a contract, although 21 days for a single family home is much better than LoCo’s overall average of 52.
Townhome values in Greenway Farm skyrocketed last year, up 12.3% to $311,191 on thirteen sales. Averaging 3 bedrooms, 2.5 baths, and 1400 square feet, these townhomes only lasted 13 days on the market in 2013. Incidentally, having a garage was worth $10,500 more to the bottom line.
As a seller in this community, your home values have not been this high since 2008. With such low inventory right now this spring may be an excellent time for you to take advantage of that fact. If it’s been a while since you’ve checked what your Greenway Farm home is worth, ask us for our home value report. We’ll deliver it to your inbox within an hour and would be happy to answer any questions. Thinking about buying? We’ve got you covered there too, just request our email update for all the listings in your target area.
Have a real estate question or need any information on all things LoCo, just ask!
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About our blog
Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.