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Local Real Estate: March 2013 Top Sales
12725 Clifton Heights Lane, Clifton — $1,290,000
3541 Schuerman House Drive, Fairfax — $1,125,000
7330 Wolf Run Shoals Road, Fairfax Station — $1,100,000
5135 Pleasant Forest Drive, Centreville — $1,070,000
4818 Cross Meadow Place, Chantilly — $975,000
9280 Blu Steel Way, Lorton — $905,000
It can be difficult to pinpoint one reason as to why buyers are bidding above asking prices. It really depends on how much you peel back the proverbial onion layer. One of the foremost reasons is that there just is not much supply out there. At the end of March 2013, there were just 12 homes still on the market, down from 33 at the same time in 2012. Given the robust local economy, there are more buyers bidding on fewer homes and the equilibrium has shifted towards sellers.
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