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Is Your Haymarket Townhome in High Demand? 3 Important Factors That Say Yes

You may have heard that there is a shortage of housing inventory, specifically with starter homes.

Supply and demand dynamics are shifting across the country, and they are affecting the Haymarket area too. According to Realtor.com Economic Research, the current U.S. housing market statistics show the following:

  • Increasing Home Sale Prices
  • Decreasing Days on the Market
  • Shrinking Inventory in the Entry-Level Homes Market
  • Seller's Market for Entry-Level Homes
  • Buyer's Market for Homes Priced over $750,000
  • Increasing Interest Rates
These are a few reasons why there is a shortage of inventory in entry-level homes.

According to research, first-time home buyers made up about 35% of all home buyers nationwide in 2017 – and 66% of them were Millennials. These buyers typically seek homes in the $250,000 to $450,000 range.

Right now there is a greater buyer pool looking in this price range than there are homes for sale. Therefore, prices go up and good homes sell quickly.

Will your Haymarket Townhome sell quickly at a good price?

3 Factors that will determine if your home is in high demand:

Keep scrolling to get more details about Price, Location and Condition.

Do you want to know the value of your Haymarket area home right away?

1. Price

If the value of your home is in this range – $250,000 to $450,000 – then you can check Price off your list.

This is the general starter home price range in the western Prince William County region for first-time home buyers. It is also an affordable range for ANY home buyer.

It is still important to price your home at fair market value. However, depending on your home and the demand, you may have some wiggle room to test the market.

2. Location

Is your home in a desirable Location? If your home is located in western Prince William County, it is in a desirable location. The economy is good here. The unemployment rate as of April 2018 was 2.6% compared to a national rate of 3.9%. And, the County boasts an award-winning school system.

In addition to that, we continue to improve our infrastructure in the Gainesville and Haymarket area, there is a boom in commercial development and the proximity provides the best of both worlds – access to D.C. to the east, and rural countryside to the west.

True “location, location, location” will depend on the actual location of your home. Are you in a sought after neighborhood? Is your townhome an end unit? Does your house back to trees? Are the surrounding homes well-maintained? All this can be determined very quickly with a Free Property Report and custom analysis by a Realtor®.

3. Condition

The final factor for determining if your home is in high demand – and probably the most important – is the Condition. Has your home been well-maintained? Have you made improvements and upgrades? Does it have energy-efficient features?

Millennials make up a big percentage of first-time home buyers. Studies show that this age group is looking for low maintenance, energy-efficient and “HGTV” ready homes. Many want move-in ready and they’re not leaving budget for renovations.

Over 90% of buyers do their house hunting online. The first impression a buyer gets is from the photography. A home should be “camera-ready” BEFORE going on the market. A few minor updates, a fresh coat of paint and decluttering can go a long way in making a good first impression.

See 8 Things that Turn Buyers off Before they even SEE Your House

Do you want to know the REAL value of your home?

Order a Free Property Report

Order a Free Property Report by RPR, a division of the National Realtor Association (NAR). There are no fees or memberships needed, just provide your Property Address and Email Address and you'll receive your Report by email within 24 hours. Your comprehensive report will include:

  • Current Estimated Home Value
  • Home Facts and Extended Home Facts
  • Property History and Median Estimated Value
  • Mortgage and Deed Records
  • Detailed Price Comparisons by Bedroom
  • Neighborhood Housing Stats, and more

This detailed report offers WAY MORE than a "Zestimate". Its algorithms use the most recent market data for your specific neighborhood, local market statistics and detailed home comparisons enhanced by input from local Realtors and Appraisers.

Your Free Property Report will be sent to you by email within 24 hours.

Are you interested in selling your home right away?

Call Bryan Garcia now for a Free, No-Obligation Consultation.

+703-517-2574

In addition to a Property Report, Bryan will visit your property and create a full Competitive Market Analysis. Bryan Garcia knows the local real estate market and he knows the Haymarket and Gainesville area well. He’s been selling homes here for nearly fifteen years and he knows what neighborhoods are in high demand and the kinds of homes that sell fast.

Bryan Garcia, Principal Broker

Text GARCIA to 85377 for my Mobile Business Card.

EXIT Heritage Realty, 15030 Washington Street, Haymarket, VA 20169

+703-517-2574 | BryanGarcia@exitheritage.com

Created By
Bryan Garcia
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