Burke, VA – December 2017 Real Estate Market Update

Your Burke Real Estate agent, Abraham Walker, has prepared your local real estate market report for homes sold in the 22015 zip code. At Ask A Walker, we believe that more information about the local market leads to better decisions. If you’re planning on selling your home or buying in today’s market, we’ve included the property address, list price, and days on market for previous transactions.

Top Property Types Sold:

Townhouse: 17

Single-Family: 16

Condo: 5

December 2017 Market Recap:

Closed Sales Volume – $17,566,976

Median Sales Price –  $430,500

Units Sold –  38

Average Sales Price –  $462,289

Average SP to OLP – 98.5%

Average Seller Subsidy –  $5,103

Burke December 2017 Town House Market Report

Address
OLP
LP
BR
BA
SP
LP/SP
DOMP
10116 Chestnut Wood Ln
$439,900
$439,900
4
3.1
$450,000
102.3%
8
9433 Ulysses Ct
$464,927
$449,927
4
3.1
$449,927
100.0%
26
5420 Brixham Ct
$449,900
$449,900
3
2.1
$449,000
99.8%
14
9515 Draycott Ct
$429,900
$424,900
4
3.1
$430,000
101.2%
21
5721 Oakshore Ct
$429,000
$419,950
3
3.1
$420,000
100.0%
27
10203 Faire Commons Ct
$425,000
$425,000
4
2.1
$420,000
98.8%
10
9810 Tara Ct
$419,900
$399,500
3
2.2
$395,000
98.9%
33
5632 Rapid Run Ct
$395,000
$389,900
3
2.2
$383,999
98.5%
82
5876 Jacksons Oak Ct
$389,900
$389,900
3
2.2
$375,000
96.2%
45
5772 Walnut Wood Ln
$355,990
$355,990
4
3.1
$359,000
100.8%
29
5102 Arrit Ct
$359,900
$352,900
3
2.1
$342,000
96.9%
103
9715 Ashbourn Dr
$349,900
$339,900
3
2.2
$335,000
98.6%
40
5546 Peppercorn Dr
$334,900
$324,900
3
1.2
$325,000
100.0%
34
5512 Peppercorn Dr
$340,000
$319,900
3
3.1
$316,000
98.8%
22
5516 Crossrail Ct
$330,000
$330,000
3
1.2
$315,000
95.5%
51
9480 Cloverdale Ct
$100,000
$100,000
3
2.1
$310,750
310.8%
25
10657 Oak Thrush Ct
$299,900
$299,900
2
1.1
$300,000
100.0%
9

 

Burke December 2017 Single Family Market Report

Address
OLP
LP
BR
BA
SP
LP/SP
DOMP
6276 Timarron Cove Ln
$957,000
$927,000
4
4.1
$910,000
98.2%
161
5261 Dunleigh Dr
$695,000
$680,000
4
3.1
$670,000
98.5%
44
9421 Onion Patch Dr
$649,950
$649,950
4
3.1
$670,000
103.1%
4
8950 Kenilworth Dr
$699,000
$659,999
3
3.1
$660,000
100.0%
70
9101 De Soto Ct
$665,000
$639,900
4
3.1
$639,900
100.0%
52
9825 Wolcott Dr
$637,500
$637,500
4
2.1
$632,000
99.1%
22
9605 Crayford Ct
$629,900
$629,900
5
3.1
$622,500
98.8%
119
6413 Four Oaks Ln
$628,500
$628,500
4
2.2
$618,500
98.4%
69
10334 Steamboat Landing Ln
$617,000
$609,950
4
3.1
$600,000
98.4%
43
6511 Legendgate Pl
$619,000
$609,900
4
3.1
$585,000
95.9%
114
6556 Koziara Dr
$595,900
$595,900
4
3.1
$560,000
94.0%
152
9120 Andromeda Dr
$549,900
$549,900
5
3.1
$547,500
99.6%
39
9617 Shipwright Dr
$549,900
$534,900
4
2.1
$535,000
100.0%
84
5639 Fort Corloran Dr
$529,900
$499,900
4
2.2
$500,000
100.0%
30
6600 Bestwicke Ct
$468,000
$439,500
4
2.1
$445,000
101.3%
62
9504 Ironmaster Dr
$450,000
$425,000
4
3.1
$431,000
101.4%
79

 

Burke December 2017 Condo Market Report

Address
OLP
LP
BR
BA
SP
LP/SP
DOMP
5823 Pin Oak Commons Ct #7
$399,900
$399,900
3
2.1
$390,000
97.5%
16
10370 Bridgetown Pl #118
$354,900
$354,900
3
3.0
$360,000
101.4%
132
5900 Annaberg Pl #188
$294,900
$294,900
3
3.0
$292,500
99.2%
40
9145 Broken Oak Pl #84
$279,900
$279,900
3
2.1
$279,900
100.0%
5
5934 Cove Landing Rd #203C
$249,000
$249,000
2
2.0
$242,500
97.4%
39

 

Burke December 2017 Overall Market Report

Legal Subdivision
Units Sold
Average OLP
Average Sales Price
SP/OLP
Average DOM
Timarron Cove
1
$957,000
$910,000
95.1%
161.0
Dunleigh
1
$695,000
$670,000
96.4%
44.0
Meadows Of Narnia
1
$699,000
$660,000
94.4%
70.0
Southport
1
$665,000
$639,900
96.2%
52.0
Pepper Tree
1
$629,900
$622,500
98.8%
119.0
Four Oaks Estates
1
$628,500
$618,500
98.4%
69.0
Longwood Knolls
2
$599,925
$602,500
100.4%
44.0
Old Stone Mill
1
$619,000
$585,000
94.5%
114.0
Rolling Valley West
1
$549,900
$547,500
99.6%
39.0
Cherry Run
2
$531,950
$502,500
94.5%
107.0
Signal Hill
1
$529,900
$500,000
94.4%
30.0
Tripolis At Lake Braddoc
1
$464,927
$449,927
96.8%
26.0
Burke Centre
8
$449,274
$444,500
98.9%
24.1
Orange Hunt West
1
$450,000
$431,000
95.8%
79.0
Cardinal Glen
1
$429,900
$430,000
100.0%
21.0
Lake Braddock
2
$404,900
$395,500
97.7%
58.5
Burke Village
1
$419,900
$395,000
94.1%
33.0
Walden At Burke Centre
1
$399,900
$390,000
97.5%
16.0
Lakepointe
1
$395,000
$383,999
97.2%
82.0
Oakwood Commons Burke
2
$324,900
$326,250
100.4%
86.0
Greenfield Farm
4
$338,700
$322,750
95.3%
36.8
Old Mill Community
1
$100,000
$310,750
310.8%
25.0
Keene Mill Woods
1
$279,900
$279,900
100.0%
5.0
Burke Cove
1
$249,000
$242,500
97.4%
39.0

Do you have a property in Burke you would like to sell? We can help sell your Burke Property!  Call 703-539-2053 to discuss your home’s value or visit us on the web for your free home value report done by an experienced Northern Virgina Realtor®. We are here to help you with all of your Northern Virginia real estate needs.

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BURKE HOMES FOR SALE



Table Key
Title Name Description
Legal Subdivision Legal Subdivision This is the legal description of the property. Sometimes this name matches the condo development.
Address Street Address This is the street address of the property.  Condo unit, Apt numbers and Suite numbers will show up before or after the address.
OLP Original List Price This is the starting list price of the property before price reductions.
LP List Price This is the last list price before the property was sold.  This price is used in the List Price to Sales Price ratio.
BR Bedrooms Number of bedrooms listed in the Multiple Listing Service (MLS).  This number does not represent “legal” bedrooms.  This is a number agents input into the MLS when marketing the property.
BA Bedrooms Number of bedrooms listed in the Multiple Listing Service (MLS).  This number does not represent “legal” bedrooms.  This is a number agents input into the MLS when marketing the property.
BA Bathrooms Number of all bathrooms in the property.  This number includes full and half bathrooms.  Half bathrooms are noted as a tenth of a number. 1 half bathroom = .1, 2 half bathrooms = .2, 3 half bathrooms = .3, etc.
SP Sale Price This is the number reported in the MLS as the sales price of the property.  This number does not take into account closing cost or incentives paid by the seller.  Contact us directly to receive information on closing cost paid by the seller to the buyer.
LP / SP List Price to Sales Price Ratio This percentage is calculated by dividing the Sales Price by the List Price and multiplying the result by 100 to represent the number using percentage.  This number measures the distance from the list price the seller received for the property.  This number is not accurate because it does not take into account the amount the seller paid in closing cost or incentives to the buyer at the time of closing.  Please contact us if you would like a complete picture of the local real estate market.
DOMP Days On Market Property Total number of days the property has been on the market regardless of status until the home closes.

Fun Facts about the Burke Zip Code 22015 from CityData:

Estimated zip code population in 2015: 45,029
Zip code population in 2010: 43,102
Zip code population in 2000: 42,938

22015 has several legal subdivisions. Here is a short list of a few of the Burke subdivisions:

Belleair, Bent Tree, Britford, Burke, Burke Centre, Burke Chase, Burke Cove, Burke Heights, Burke Hills Assn, Burke Lake Meadow, Burke Manor, Burke Ridge Cluster, Burke Station Square, Burke Village, Burkes Way, Burkewood Glenn, Cardinal Estates, Cardinal Glen, Caroline Oaks, Carrleigh, Cherry Run, Clayton’S Grove, Crownleigh, Dunleigh, Dunleigh Oaks, Edgewater, Four Oaks Estates, Fox Lair, Greenfield Farm, Heritage Square, Heritage Square North, Hillsdale, Holly Ridge, Homewood, Honey Tree, Indian Oaks, Inglewood Estates, Isle Of Wyght, Keene Mill Forest, Keene Mill Oaks Associat, Keene Mill Woods, Kings Grove, Lake Braddock, Lake View Park, Lakepointe, Lee Chapel Forest, Lee Chapel Ridge, Longwood Knolls, Meadow Brook Cove, Meadows Of Narnia, Millstone Pond, Oak Leather Townhomes, Oakwood Commons Burke, Old Mill Community, Old Stone Mill, Orange Hunt West, Park Lee, Pepper Tree, Queens Gate, Rolling Valley West, Rollingwoods Estates, Shannon Station, Signal Hill, Signal Hill Carrs, Signal Hill Estates, Simpson Subdivision, Southport, Spring Garden, Spring Lake Farms, Spring Lake Woods, Summerday, The Pines, Timarron Cove, Townes Of Burke, Tripolis At Lake Braddoc, Walden At Burke Centre, Waverly East, Waverly West, Weston Hills, Westwood Manor Courts, Windsor Knolls, Wooded Glen, Woodridge, Woodwalk.



Data compiled from the MRIS. Statistics deemed reliable, but not guaranteed. We feel that if you are in the market to Sell a home in Burke or Buy a Home in Burke, it is important to understand the trends in Closed Listings, Days on the Market, and Listing to Sale Price ratio so that you can make an educated decision.



About the Author: The above article was written by Abraham Walker, Your Burke Virginia Real Estate Agent, helping clients market their homes to achieve high sales with a quick closing time is my main priority.  He’s the co-founder of Ask A Walker and can be found on YouTube, Facebook, and HERE on this blog.

Abraham can be reached via email at Abraham@AskAWalker.com or by phone at (703)539-2053.  He’s happy to answer all your real estate questions.

Thinking of selling your home?  Check out 20+ step process to selling your home. Our contact me now to start the process.  Same day appointments are available on a case by case basis.

I help people sell and buy real estate in the following Northern Virginia area cities & neighborhoods: Kingstowne, Island Creek, Cameron Station, Overlook, Alexandria, Old Town, Belle Haven, Fort Hunt, Mount Vernon, Springfield, West Springfield, Burke, Lorton, Woodbridge, Lake Ridge, Manassas, Annandale, Fairfax, Arlington, McLean, Reston, Herndon and of course Vienna.

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