Bill Denny of Long and Foster reports that the Western Prince William County real estate market is much stronger than it was 12 months ago. Denny says, “Our home inventories are at multi year lows.” Over half of the transactions are foreclosures selling within 30-45 days, sometimes with multiple contracts. The banks are pricing these homes below market value—and the buyers are snatching them up. “Prices continue to drift slowly but may be getting close to stabilizing in our area,” Denny says.

Bill Denny can be reached at (703) 629-3360.
http://WWW.BILLDENNY.COM
FAX: (703) 986-3891