Burke, VA – December 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:

Townhouse: 17

Single-Family: 16

Condo: 5

December 2017 Market Recap:

Closed Sales Volume – $17,566,976

Median Sales Price –  $430,500

Units Sold –  38

Average Sales Price –  $462,289

Average SP to OLP – 98.5%

Average Seller Subsidy –  $5,103

Burke December 2017 Town House Market Report
Address	OLP	LP	BR	BA	SP	LP/SP	DOMP
10116 Chestnut Wood Ln	$439,900	$439,900	4	3.1	$450,000	102.3%	8
9433 Ulysses Ct	$464,927	$449,927	4	3.1	$449,927	100.0%	26
5420 Brixham Ct	$449,900	$449,900	3	2.1	$449,000	99.8%	14
9515 Draycott Ct	$429,900	$424,900	4	3.1	$430,000	101.2%	21
5721 Oakshore Ct	$429,000	$419,950	3	3.1	$420,000	100.0%	27
10203 Faire Commons Ct	$425,000	$425,000	4	2.1	$420,000	98.8%	10
9810 Tara Ct	$419,900	$399,500	3	2.2	$395,000	98.9%	33
5632 Rapid Run Ct	$395,000	$389,900	3	2.2	$383,999	98.5%	82
5876 Jacksons Oak Ct	$389,900	$389,900	3	2.2	$375,000	96.2%	45
5772 Walnut Wood Ln	$355,990	$355,990	4	3.1	$359,000	100.8%	29
5102 Arrit Ct	$359,900	$352,900	3	2.1	$342,000	96.9%	103
9715 Ashbourn Dr	$349,900	$339,900	3	2.2	$335,000	98.6%	40
5546 Peppercorn Dr	$334,900	$324,900	3	1.2	$325,000	100.0%	34
5512 Peppercorn Dr	$340,000	$319,900	3	3.1	$316,000	98.8%	22
5516 Crossrail Ct	$330,000	$330,000	3	1.2	$315,000	95.5%	51
9480 Cloverdale Ct	$100,000	$100,000	3	2.1	$310,750	310.8%	25
10657 Oak Thrush Ct	$299,900	$299,900	2	1.1	$300,000	100.0%	9

 

Burke December 2017 Single Family Market Report
Address	OLP	LP	BR	BA	SP	LP/SP	DOMP
6276 Timarron Cove Ln	$957,000	$927,000	4	4.1	$910,000	98.2%	161
5261 Dunleigh Dr	$695,000	$680,000	4	3.1	$670,000	98.5%	44
9421 Onion Patch Dr	$649,950	$649,950	4	3.1	$670,000	103.1%	4
8950 Kenilworth Dr	$699,000	$659,999	3	3.1	$660,000	100.0%	70
9101 De Soto Ct	$665,000	$639,900	4	3.1	$639,900	100.0%	52
9825 Wolcott Dr	$637,500	$637,500	4	2.1	$632,000	99.1%	22
9605 Crayford Ct	$629,900	$629,900	5	3.1	$622,500	98.8%	119
6413 Four Oaks Ln	$628,500	$628,500	4	2.2	$618,500	98.4%	69
10334 Steamboat Landing Ln	$617,000	$609,950	4	3.1	$600,000	98.4%	43
6511 Legendgate Pl	$619,000	$609,900	4	3.1	$585,000	95.9%	114
6556 Koziara Dr	$595,900	$595,900	4	3.1	$560,000	94.0%	152
9120 Andromeda Dr	$549,900	$549,900	5	3.1	$547,500	99.6%	39
9617 Shipwright Dr	$549,900	$534,900	4	2.1	$535,000	100.0%	84
5639 Fort Corloran Dr	$529,900	$499,900	4	2.2	$500,000	100.0%	30
6600 Bestwicke Ct	$468,000	$439,500	4	2.1	$445,000	101.3%	62
9504 Ironmaster Dr	$450,000	$425,000	4	3.1	$431,000	101.4%	79

 

Burke December 2017 Condo Market Report
Address	OLP	LP	BR	BA	SP	LP/SP	DOMP
5823 Pin Oak Commons Ct #7	$399,900	$399,900	3	2.1	$390,000	97.5%	16
10370 Bridgetown Pl #118	$354,900	$354,900	3	3.0	$360,000	101.4%	132
5900 Annaberg Pl #188	$294,900	$294,900	3	3.0	$292,500	99.2%	40
9145 Broken Oak Pl #84	$279,900	$279,900	3	2.1	$279,900	100.0%	5
5934 Cove Landing Rd #203C	$249,000	$249,000	2	2.0	$242,500	97.4%	39

 

Burke December 2017 Overall Market Report
Legal Subdivision	Units Sold	Average OLP	Average Sales Price	SP/OLP	Average DOM
Timarron Cove	1	$957,000	$910,000	95.1%	161.0
Dunleigh	1	$695,000	$670,000	96.4%	44.0
Meadows Of Narnia	1	$699,000	$660,000	94.4%	70.0
Southport	1	$665,000	$639,900	96.2%	52.0
Pepper Tree	1	$629,900	$622,500	98.8%	119.0
Four Oaks Estates	1	$628,500	$618,500	98.4%	69.0
Longwood Knolls	2	$599,925	$602,500	100.4%	44.0
Old Stone Mill	1	$619,000	$585,000	94.5%	114.0
Rolling Valley West	1	$549,900	$547,500	99.6%	39.0
Cherry Run	2	$531,950	$502,500	94.5%	107.0
Signal Hill	1	$529,900	$500,000	94.4%	30.0
Tripolis At Lake Braddoc	1	$464,927	$449,927	96.8%	26.0
Burke Centre	8	$449,274	$444,500	98.9%	24.1
Orange Hunt West	1	$450,000	$431,000	95.8%	79.0
Cardinal Glen	1	$429,900	$430,000	100.0%	21.0
Lake Braddock	2	$404,900	$395,500	97.7%	58.5
Burke Village	1	$419,900	$395,000	94.1%	33.0
Walden At Burke Centre	1	$399,900	$390,000	97.5%	16.0
Lakepointe	1	$395,000	$383,999	97.2%	82.0
Oakwood Commons Burke	2	$324,900	$326,250	100.4%	86.0
Greenfield Farm	4	$338,700	$322,750	95.3%	36.8
Old Mill Community	1	$100,000	$310,750	310.8%	25.0
Keene Mill Woods	1	$279,900	$279,900	100.0%	5.0
Burke Cove	1	$249,000	$242,500	97.4%	39.0

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.

Check My Burke Home Value
 
Recent Burke Sold Properties
 
Steps To Selling My Burke Home

---

---

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.