Burke, VA 22015 – May 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:

Single-Family: 46

Town House: 27

Condo: 7

May 2017 Market Recap:

Closed Sales Volume – $42,999,988

Median Sales Price –  $538,000

Units Sold –  81

Average Sales Price –  $530,864

Average SP to OLP – 99.7%

Average Seller Subsidy –  $2,644

Burke May 2017 Single Family Market Report
Address
OLP
LP
BR
BA
SP
LP/SP
DOMP
6504 Burke Woods Dr
$1,199,999
$1,199,999
5
5.1
$1,175,000
97.9%
27
6410 Spring Lake Dr
$1,137,000
$1,137,000
5
5.1
$1,157,325
101.8%
0
6408 Spring Lake Dr
$1,103,707
$1,103,707
5
4.1
$1,103,707
100.0%
0
9220 Old Burke Lake Rd
$829,900
$829,900
5
4.1
$956,128
115.2%
455
6327 Timarron Cove Ln
$937,000
$937,000
6
4.1
$930,000
99.3%
4
9512 Claychin Ct
$825,000
$825,000
4
3.1
$825,000
100.0%
0
9511 Yardarm Ln
$719,900
$719,900
4
3.1
$720,000
100.0%
7
6034 Burnside Landing Dr
$699,900
$699,900
4
3.1
$715,000
102.2%
1
5732 Wooden Hawk Ln
$695,000
$695,000
5
2.1
$695,000
100.0%
4
5717 Wooden Hawk Ln
$689,000
$689,000
4
3.1
$685,000
99.4%
0
9605 Waterline Dr
$684,900
$684,900
4
3.1
$680,000
99.3%
9
6527 Raftelis Rd
$639,900
$639,900
4
2.2
$670,000
104.7%
3
9331 Mainsail Dr
$659,900
$659,900
4
3.1
$660,000
100.0%
2
5506 De Soto St
$639,000
$639,900
4
3.1
$659,400
103.0%
7
5838 New England Woods Dr
$639,900
$639,900
4
3.1
$651,700
101.8%
3
5905 Clermont Landing Ct
$650,000
$650,000
4
3.1
$650,000
100.0%
0
6001 Wheaton Dr
$650,000
$650,000
4
2.1
$650,000
100.0%
13
10213 Steamboat Landing Ln
$645,000
$645,000
4
3.1
$645,000
100.0%
0
9614 Villagesmith Way
$650,000
$650,000
4
2.2
$645,000
99.2%
64
10701 Dundas Oak Ct
$615,000
$615,000
4
2.2
$635,000
103.3%
5
9619 Villagesmith Way
$639,900
$639,900
4
3.1
$635,000
99.2%
0
6516 Raftelis Rd
$634,990
$634,990
4
2.2
$634,990
100.0%
15
6202 Winnepeg Dr
$624,900
$624,900
4
3.0
$632,000
101.1%
5
9526 Debra Spradlin Ct
$625,000
$625,000
4
2.1
$625,000
100.0%
4
5831 Oak Leather Dr
$615,000
$620,000
4
2.1
$620,000
100.0%
2
5211 Dunleigh Dr
$639,000
$639,000
4
3.0
$620,000
97.0%
52
9528 William Kirk Ln
$619,000
$619,000
4
3.1
$619,000
100.0%
23
5942 Oak Leather Dr
$629,000
$609,900
4
3.1
$615,900
101.0%
17
9631 Shipwright Dr
$604,999
$604,999
4
2.1
$605,000
100.0%
8
9706 Waterline Dr
$600,000
$600,000
4
2.1
$600,000
100.0%
3
9755 Oatley Ln
$594,777
$594,777
4
2.2
$600,000
100.9%
5
6305 Windward Dr
$579,900
$579,900
4
2.1
$591,000
101.9%
3
9606 Shipwright Dr
$589,000
$589,000
4
2.1
$590,000
100.2%
0
5226 Dunleigh Dr
$615,000
$615,000
4
2.1
$585,000
95.1%
236
10025 Wards Grove Cir
$579,950
$579,900
3
2.1
$569,000
98.1%
13
9512 Southern Cross Ln
$560,000
$560,000
3
2.1
$565,000
100.9%
5
6652 Newchandler Ct
$565,000
$565,000
4
3.0
$560,000
99.1%
21
10139 Marshall Pond Rd
$585,000
$549,900
3
2.1
$560,000
101.8%
25
9007 Strattondale Ct
$549,000
$549,000
4
2.1
$549,000
100.0%
3
5306 Crown Point Rd
$550,000
$539,900
4
3.0
$539,000
99.8%
20
5203 Dalby Ln
$550,000
$550,000
5
2.1
$538,000
97.8%
11
10004 Marshall Pond Rd
$590,000
$550,000
5
3.1
$530,000
96.4%
122
5728 Oak Fern Ct
$539,950
$519,950
3
2.1
$519,950
100.0%
43
6211 Garretson St
$514,999
$514,999
3
2.1
$515,000
100.0%
23
6615 Bestwicke Rd
$500,000
$489,900
4
3.0
$489,900
100.0%
11
5845 Parakeet Dr
$500,000
$475,000
4
2.1
$460,000
96.8%
24

 

Burke May 2017 Town House Market Report
Address
OLP
LP
BR
BA
SP
LP/SP
DOMP
9904 Hemlock Woods Ln
$464,900
$464,900
4
3.0
$465,000
100.0%
5
10530 Reeds Landing Cir
$463,500
$463,500
3
2.2
$463,500
100.0%
7
5721 Edgewater Oak Ct
$450,000
$450,000
3
3.1
$450,000
100.0%
8
5718 Wood Mouse Ct
$415,000
$415,000
4
2.1
$425,000
102.4%
2
10616 Alison Dr
$410,000
$410,000
3
3.1
$415,000
101.2%
3
5789 Burke Towne Ct
$407,500
$407,500
4
3.1
$412,000
101.1%
3
5816 Jacksons Oak Ct
$424,999
$424,999
3
3.1
$410,000
96.5%
6
10201 Faire Commons Ct
$399,999
$399,999
3
2.1
$405,000
101.3%
2
5872 Jacksons Oak Ct
$405,000
$405,000
4
3.1
$405,000
100.0%
3
10202 Scarborough Commons Ct
$379,900
$379,900
3
2.1
$400,600
105.4%
5
10208 Scarborough Commons Ct
$399,900
$399,900
3
3.1
$400,000
100.0%
21
5904 Roberts Common Ct
$399,988
$399,988
3
3.1
$399,888
100.0%
11
10273 Quiet Pond Ter
$389,900
$389,900
3
3.1
$395,900
101.5%
19
9522 Cherry Oak Ct
$399,000
$399,000
3
3.1
$390,000
97.7%
11
5740 Burke Towne Ct
$390,000
$390,000
2
2.1
$390,000
100.0%
3
10635 Lakeside Oak Ct
$395,000
$395,000
3
2.2
$390,000
98.7%
7
5454 Mersea Ct
$385,000
$385,000
3
2.1
$385,000
100.0%
0
10230 Sassafras Woods Ct
$395,000
$395,000
3
2.1
$380,000
96.2%
15
10324 Mockingbird Pond Ct
$389,000
$359,000
3
3.1
$378,000
105.3%
5
5500 Crossrail Ct
$375,900
$379,200
3
2.2
$372,900
98.3%
41
6019 Bonnie Bern Ct
$359,900
$359,900
4
3.1
$365,000
101.4%
6
9529 Burdett Rd
$379,900
$359,900
3
2.1
$360,000
100.0%
16
5135 Arrit Ct
$365,000
$365,000
3
2.1
$360,000
98.6%
14
5712 Edgewater Oak Ct
$350,000
$335,000
3
1.1
$328,000
97.9%
13
5645 Summer Oak Way
$334,900
$334,900
3
2.1
$325,000
97.0%
3
9760 High Water Ct
$329,900
$329,900
3
2.2
$322,000
97.6%
0
10682 Myrtle Oak Ct
$314,900
$314,900
4
2.1
$315,000
100.0%
10

 

Burke May 2017 Condo Market Report
Address
OLP
LP
BR
BA
SP
LP/SP
DOMP
5856 Bridgetown Ct #33
$334,900
$334,900
2
3.0
$331,200
98.9%
15
5918 Cove Landing Rd #303
$268,000
$268,000
3
2.0
$270,000
100.7%
6
5942 Cove Landing Rd #302
$270,000
$270,000
3
2.0
$264,500
98.0%
11
5912 Cove Landing Rd #302
$275,000
$275,000
3
2.0
$263,000
95.6%
13
5936 Cove Landing Rd #102B
$261,000
$261,000
2
2.0
$262,500
100.6%
3
5809 Cove Landing Rd #303
$250,000
$250,000
2
2.0
$240,000
96.0%
9
5831 Cove Landing Rd #204
$235,000
$235,000
2
2.0
$235,000
100.0%
34

 

Burke May 2017 Overall Market Report
Legal Subdivision
Units Sold
Average OLP
Average Sales Price
SP/OLP
Average DOM
Burke Lake Meadow 1 $1,199,999 $1,175,000 97.9% 27.0
Spring Lake Farms 1 $1,103,707 $1,103,707 100.0% 0.0
Timarron Cove 1 $937,000 $930,000 99.3% 4.0
Clayton’S Grove 1 $825,000 $825,000 100.0% 0.0
3 $708,966 $754,484 106.4% 163.0
Indian Oaks 1 $659,900 $660,000 100.0% 2.0
Southport 1 $639,000 $659,400 103.2% 7.0
Longwood Knolls 6 $626,467 $626,667 100.0% 5.3
Pepper Tree 1 $625,000 $625,000 100.0% 4.0
Old Stone Mill 1 $619,000 $619,000 100.0% 23.0
Cherry Run 7 $603,510 $604,984 100.2% 17.0
Dunleigh 2 $627,000 $602,500 96.1% 144.0
Rolling Valley West 1 $514,999 $515,000 100.0% 23.0
Burke Centre 34 $506,158 $503,395 99.5% 11.8
Cardinal Estates 1 $500,000 $460,000 92.0% 24.0
Burke Station Square 2 $454,450 $457,000 100.6% 4.5
Lake Braddock 5 $445,980 $436,400 97.9% 12.2
Townes Of Burke 2 $398,750 $401,000 100.6% 3.0
Old Mill Community 1 $399,000 $390,000 97.7% 11.0
Greenfield Farm 1 $375,900 $372,900 99.2% 41.0
Oakwood Commons Burke 1 $334,900 $331,200 98.9% 15.0
Lakepointe 1 $329,900 $322,000 97.6% 0.0
Burke Cove 6 $259,833 $255,833 98.5% 12.7

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

[su_row]
[su_column size=”1/3″]Under $300K[/su_column]
[su_column size=”1/3″]Under $500K[/su_column]
[su_column size=”1/3″]Under $700K[/su_column]
[/su_row]
[su_row]
[su_column size=”1/3″]Under $1M[/su_column]
[su_column size=”1/3″]Over $1M[/su_column]
[su_column size=”1/3″][/su_column]
[/su_row]

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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Keller Williams Realty Kingstowne

5971 Kingstowne Village Pkwy #110 Alexandria, VA 22315

703-539-2053 - Mobile Phone
703-562-1800 - Office Phone
info@demo.agentreputation.xyz

Abraham Walker, Realtor®
License # 0225208281

Krystal Walker, Realtor®
License # 0225213531

Licensed in the Commonwealth of Virginia