North Springfield Virginia Real Estate, Homes for Sale, Remax, Lake Accotink

 

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north springfield virginia homes for sale prices medians inventory market data for north springfield va real estate homes

When it comes to household income, central Springfield Virginia real estate is one of the wealthier areas of the Washington DC metro cities.  The household income for Springfield real estate in 2003 was $107,000 compared with $93,614 for the greater Washington DC metro area.  And the projection for 2008 shows the area to have a household income of $131,181 compared to $114,522 for the greater Washington DC metro area.

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Springfield Virginia Home Prices, VA MLS, Statistics & Forecast

As mentioned, the unemployement rate fell to 2.4% in the last quarter of 2005 in Fairfax County real estate.  All the job growth in recent years has made for sharply appreciating home prices.  In what is referred to by realtors as North Springfield VA, home prices rose 25% in 2005 for Springfield.  The median for all of Springfield was about 20% appreciation for 2005.  Currently I live in this area and love it.   The lots are mostly 10,000 sq. ft. and people seem to take pride in their front lawns.  Also a lot of kids in the neighborhoods and some great churches nearby.  To search the Springfield VA MLS click here and take advantage of the experience of Springfield Virginia Remax.  In March 2007 in North Springfield real estate (22151) the median sold price was 14% lower than in March 2006 and the average list price for solds was down 6%.  Thus it appears a correction occurred since the peak of 2005 and early 2006.  

  • However the real estate correction for North Springfield VA is hardly over.  The inventory in North Springfield has skyrocketed 40% in April 2007 versus 2006.  Thus even with the 6-7% depreciation in prices from a year ago...the correction is not over by any means....

To find out how much your Springfield home is worth request a CMA online.

 

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About Real Estate (wikipedia) in Springfield VA

As a suburb with a particularly transient population, there is little local culture in the area 's brief history. It is characterized by a genuine wealth of strip malls and plazas. Some of them are quite old and have been remodelled repeatedly over the decades due to their continuing economic viability.  The area is popular for its affordable multi-ethnic cuisine, including Chinese, Mexican, Afghani, Vietnamese, Thai, and Indian eateries.

Springfield is also well known throughout the area for Fischer's Hardware, a large local hardware store with an almost anachronistic atmosphere that thrives by providing ubiquitous and highly knowledgeable customer service, informal referral relationships with other stores (including Home Depot), and by filling underserved niches. Other businesses indigenous to the area include Skirmisher Publishing LLC, a small game development and publishing company.

Currently (as of 2005), central Springfield in Fairfax County real estate is dominated by the over half-billion dollar Springfield Interchange highway project. The interchange is popularly known as The Mixing Bowl since it involves three interstates, has two exits less than a half mile away, has two unconnected roads going over or under one of the interstates less than a half mile away, and is further complicated by the presence of a separate, reversable HOV lane passing through the center of two of the interstates.

Springfield remains a conservative stronghold in increasingly left-leaning Northern Virginia. This may be due in part to the prevalence of military families living near Fort Belvoir and the highly commercial nature of the area.

North Springfield homes for sale

All Listings $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$900,000 - $1,000,000 Over $1,000,000
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The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than JustNewListings.com are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2017.

Listing information last updated on February 28th, 2017 at 7:01am EST.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of February 28th, 2017 at 6:54am EST (date/time).All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor CoastWalk Real Estate shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2017North Carolina Regional MLS LLC

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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