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 Oaktonwith free, real-time 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 Oaktonwith free, real-time 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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