In today’s real estate market, homes in the general Gainesville and Bristow area of Prince William County are selling fast! If you live here already, you may have noticed fewer signs throughout your neighborhood. If you have been actively seeking a home here, then you are well aware of our lack of inventory. So what’s happening in real estate in the Gainesville area? A couple of things are at work here. 1. Fewer foreclosure properties are coming on the market in Gainesville. With the stimulus funds and programs, many troubled homeowners are able to do a work out arrangement with the bank to keep their homes. 2. Short Sale listings are selling. The banks are approving a greater number of short sales taking them off the market, and not turning into a foreclosure. 3. Prices have stopped f...
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