Olde City Square is a series of properties n Downtown Manassas, along Zebedee and Middle streets. [Photo: Uriah Kiser / Potomac Local News]
Two cities in our arena bask in seen home values blossom in the wake of the coronavirus pandemic.
Dwelling values in Manassas Park and Manassas bask in increased 32 p.c and 28 p.c, respectively.
SmartAsset, which compiled the details, says the 2 cities sit atop a top-10 listing of Virginia localities the build home values bask in risen potentially the most.
“Most of us bask in realized to make money working from home and bask in Zoom meetings with our places of work. College students at all ranges bask in realized to come to a decision their classes on-line. The interstates bask in change into easier to navigate in case you have to actually be at work in person. All of the above are proof that we can stay further out in the suburbs and even in rural areas that bask in staunch web connections,” acknowledged Prince William Association of Realtors President Peggy Burke.
As we reported closing week, the pandemic has created a sellers market with single-family properties located outdoors urban areas being purchased in short expose. In phrases of unusual properties, there would possibly per chance be most efficient a four-month provide of unusual home in the U.S., acknowledged Ticket Ingrao, of the Northern Virginia Builders Association.
“We’ve seen an lengthen in home values due the latest market discipline: low stock and ancient low passion charges, coupled with excessive ask amounts to better sales costs,” acknowledged CC Bartholomew, a Prince Wiliam County Realtor. “Homes are selling above asking tag with a few affords and the Covid Pandemic has made the low stock worse.”
Rounding out the highest 10 listing of the ideal replace in home values in Virginia localities: