As we head into the New Year - it's a good time to look back over the past 10 years and see what has happened in Oakton real estate. you can find full charts & graphs on our blog. Here are the highlights:
HOME PRICES:
Prices are steadily rising. The average price in Oakton rose 9% over the previous year. However, unlike in Vienna where prices are higher than they were at the height of the market in 2006; Oakton's prices remain below the market high in 2005.
Find out what's happening in Oaktonfor free with the latest updates from Patch.
NUMBER OF HOME SALES:
Oakton saw a HUGE jump in sales in 2013 - 35% over the previous year! More homes were sold than in any year since 2004.
Find out what's happening in Oaktonfor free with the latest updates from Patch.
Homes continue to sell quickly in Oakton. In 2013, homes sold in an average of 49 days - faster than in any other year since 2005. (Note: Belt Team listings sold in an average of 9 days - AND at a higher percentage of list price than average. This means Belt Team Sellers had one less mortgage payment to make - saving thousands of dollars!)
SOLD PRICE AS PERCENTAGE OF LIST PRICE:
Sellers in 2013 garnered a higher percentage of list price than in any year since 2005 - 96.75%. (For example, if a home was listed at $800,000 - the average Seller would have sold it for $774,000. )
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Contact our Senior Buyer Specialist, Tom Reilly about buying a home in Oakton.
