- 5 Beds
- 4.5 Baths
- 3,716 SqFt
Manassas Park, VA Homes For Sale
Manassas Park is an independent city of about 14,000 residents, immediately adjacent the county seat of Manassas, Virginia. Like its larger sister city, this community has a large inventory of homes for sale at prices that are markedly lower than many other parts of Washington Metro.
The real estate market here took a sharp hit here in the mid-2000s. Things got even worse when one of the city’s major employers, Colgan Air, was acquired by Pinnacle Airlines in 2007. Pinnacle itself eventually filed for bankruptcy. And it didn’t stop there—other employers downsized, real estate buyers stopped buying and a wave of foreclosures began.
The market has been climbing back rapidly over the past couple of years with double-digit annual growth. But, homes and condos for sale are still at a sharply undervalued level.
Don’t however, assume that the reduced prices and short sales are indicative of blight, decline or distressed properties. Indeed, drive through this perfectly pleasant large suburb and you’ll see beautiful homes, manicured lawns and all the other indicators of what one would normally assume is a typical northern Virginia suburb. For more information about Manassas Park, VA homes for sale, contact our DC area real estate agents today!
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