Press release: “The NRP Group has broken ground on Lake Pointe, a market-rate apartment community in Woodbridge. The 15-acre site [at 2580 Caton Hill Road] will be transformed into five four- and five-story buildings comprising 355 units.”
“Lake Pointe is situated only twenty miles south of Washington, D.C., in Prince William County. The site is just off the Prince William County Parkway exit on I-95, which sees nearly 160,000 visitors daily.”
Virginia REALTORS: “According to the June 2023 Virginia Home Sales Report released by Virginia REALTORS®, at the end of June, there were 16,246 active listings on the market throughout the state. This is 3,129 fewer listings than last year, more than a 16% reduction.”
“The supply is tight in most parts of Virginia and fewer sellers are listing their homes. New listings in June fell 25% from last year to just 12,135, the lowest June level in more than ten years. The largest decline in supply occurred in Northern Virginia, the Fredericksburg region, and parts of the Richmond Metro Area.
REALTOR Association of Prince William: “Bright MLS, Smartcharts, a leading provider of real estate data and insights, has released its comprehensive report on the latest market statistics for June 2023 in the local area. This highly anticipated release offers valuable insights into the current state of the real estate market and highlights key trends and dynamics that shaped the landscape during this period.”
“The report reveals a significant decline in new listings, closed sales, and active listings in June 2023 compared to the previous year. New listings saw a substantial decrease of 47.03%, with only 579 new listings compared to 1,093 in June 2022. Likewise, closed sales experienced a decline of 21.94%, with 644 closed sales recorded in June 2023 as opposed to 825 in 2022.”
The number of homes sold in Prince William County, Virginia, declined by 25% in February.
The Prince William Association of Realtors says:
In January, 299 homes were sold, a noticeable decrease of 25.62% from December of 2022, according to the Prince William Association of Realtors.
The number of new listings decreased by 8.99% to 405 from 445 in December 2022. A total of 342 active listings were listed in 2023 compared to 137 in 2022, a 149.64% increase. ‘
The number of new homes sold in Prince William County fell nearly 30% compared to last year.
According to the latest, just-released statistics, a total of 555 homes sold in August, a decrease of 29.30% percent in comparison to September of 2021. New listings reveal a 28.32% decrease, with 648 new listings as opposed to 904 in September of 2021., the Realtor Association of Prince William tells Potomac Local News.
A new 819-acre community in North Stafford called the Cascades at Embrey Mill has opened and is looking for residents. The 55+ community features townhomes and elevator flats from builders Miller & Smith and Drees Homes.
Miller & Smith has built a two-level townhome with 2,028 to 2,756 square feet of living space with three bedrooms and two-and-a-half baths, and an optional walkout basement for storage. Miller & Smith is building 78 units now selling with prices starting at $469,990.
The REALTOR Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Showing Time. The market statistics are gathered through data provided by Bright MLS, which serves as the multiple listing service for Prince William County.
A total of 554 homes were sold in January 2021, a great increase of 33.2 percent compared to January 2020 at 416. The number of contracts pending saw another increase of 5.4 percent year-over-year, from 691 to 728.
Realtor Association of Prince William has gathered Prince William County’s most recent housing market statistics which reflect increases in the county’s homes listed and sold.
These statistics were generated by SmartCharts, an affiliate website of Showing Time.
Coldwell Banker Residential Brokerage in the mid-Atlantic region has named Chrissi Chapman Topoleski as branch vice president of its office on Prince William Parkway in Woodbridge.
Topoleski has 12 years of previous Real Estate sales experience and was most recently an affiliated agent with the company’s Leesburg office. In this new role, Topoleski will have the opportunity to do what she enjoys most — mentoring, coaching, and counseling agents.
