Manassas Park, VA Market Report – 2/3/10

Manassas Park City is located in Northern Virginia, and is nestled in between Manassas City and Prince William County.  It is a mixture of old post World War II homes and new homes. Manassas Park is strategically located close to Virginia Route 28 and the Prince William Parkway, which makes it an easy commute to Fairfax, Woodbridge, and points west of Prince William County.

• New listings: 18
• Closed sales: 15
• Average sold price: $140,000
• Average days on market: 73

The month of December had 18 new listings compared to 53 in 2008. For all of 2009 there were only 473 total listings, a decrease of 50% from the previous year. There were 15 homes sold in 2009 compared to 49 in 2008, down almost 70%. Only 431 homes sold in all of 2009, also down from 507 in 2008. Average sale price fell 14% to $140,000 for 2009.

Manassas Park is an independent city with its own police department, government structure, parks, and events.  It’s a full service town that includes retail shopping, dining, business and industry, in addition to residential housing.  Manassas Park has its own school system that includes elementary through grade 12.

There is also a new town center, gated condominiums, as well as single family homes and town homes.  Manassas Park City is also accessible by rail with its own stop along the Virginia Railway Express.

Market data and commentary provided by Steve Mayes, Managing Broker, Avery-Hess, Realtors.

Search for homes in Manassas Park, and all the DC Metro: www.averyhess.com

Manassas Park, VA Market Report – 10/19/09

The following statistics represent the market conditions in Manassas Park, Virginia for the month of September, 2009:

• New listings: 37
• Closed sales: 38
• Median sales price: $144,500
• Average DOM: 63

Year-to-date,  Manassas Park has had 385 new listings, a total that is down almost 47% from last year. On the other hand, closed sales have actually increased by almost two percent, and the median sales price has risen one percentage point.  Properties are being sold for a little more than 96% of the original property list list price, up by 6% from last year.  Also, the average days on the market (DOM) has decreased by 28%.

Manassas Park is an independent city that is located between the City of Manassas and Prince William County in Northern Virginia. The city is close to Route 28 and I-66, granting easy access to Fairfax and areas north.  Manassas Park is also very close to the Prince William County Parkway, providing access to Woodbridge, I-95 and points south.  New construction within the city now offers luxury apartments and condos, town center style shopping, and new retail stores–allowing Manassas Park to feature the latest attractions, yet maintain a small town feel.

Market data and commentary provided by Steve Mayes, Managing Broker, Avery-Hess, Realtors.

Search for homes in Manassas Park, and all the DC Metro: www.averyhess.com