Victoria Falls Market Watch – single family homes provides a peak at the market activity within Central Park at Victoria Falls community. Several properties that were previously listed for sale during the summer have now closed. Coupled with an insufficient inventory of homes for sale and record low interest rates sellers are witnessing a sizzling sales market to say the least! The current supply of home listed have not kept pace with the increased number of home buyers flooding the market looking for homes to purchase.
Victoria Falls Market Watch – single family homes focus on the sale of two single family homes this summer. The sale of a Michael Harris (MH) single family home (without a basement) listed and closed escrow at $399,900. This was a Hemingway Model that closed on June 30, 2014 without any sellers’ contributions to the buyer. The other pending sale of a MH single family home (without basement), which was a former model home was rescheduled for closing on the 31st. of August. This property was scheduled to close in early summer. The final sales price and terms will have a major impact on the future sales of single family homes in the VF community. I’m sure that other single family homeowners are waiting anxiously for the outcome of the sale. Various studies and real estate forecast predict an increase in the market values of homes and condos nationwide due to the strong demand and lack of inventory of available homes for sale.
Victoria Falls Market Watch – Single Family Homes advises all residents to anticipate an increase in sales prices moving forward in 2014 – 2015. The Victoria Falls community is fortunate to have a daily stream of interested and motivated buyers doing Google searches, visiting, walking and looking to relocate into the VF community. Google search engines are giving Central Park at Victoria Falls high ranking at the top of the search page when a buyers search for as a premier senior adult community in Prince Georges County. We are often approached by buyers riding through the development looking for the sales office or someone to assist them with a tour of the homes here!
Although, many potential buyers we come in contact with get a sense of price shock after hearing the “Asking Prices” for single family homes in the VF community…Especially, if they are relocating from the southern most regions of the country. Bottom line most buyers are very interested and plan to relocate to the Victoria Falls community in the coming months!