Well, we are off at the start of our Spring market - so far starting to look good. The inventory in 20171 for single family homes is at 70 - a little higher than last week - but that would be expected as sellers put their homes back on the market after the Holidays. There were 9 new listings - 3 of which were relisted. The good news is that 4 homes sold - 3 of which were over 600,000. One was at 459,000. The market under 500,000 continues to lag behind because of the heavy competition from the foreclosures. They continue to come on the market $125,000 less than what they were purchased for in 2005. Most of the ones that I have seen are in really rough shape but would be good investments for people on the prowl for deals. Hopefully, the market will continue on this trend. If so, watch for prices to firm up and the listings will start to sell faster. Have a great day in Virginia. If you are interested in additional information on foreclosures - just email.

The market is starting to look a little better. The inventory is down to 82 single family homes for sales in Oak Hill/Herndon. There were 5 new listings - 2 of which were homes relisted at lower prices. There were 3 homes sold this past week - which is better than the week before and we are so much closer to the Holidays. They were on the market 51, 58 and 25 days respectively. As far as the inventory is concerned, we are back at the figures that we had going into 2007 - which is really great news when you think of all the shocks that the bank industry gave us this year. So, hopefully, January will be a more rewarding month for sellers. I wish everyone a Merry Christmas and I hope you all have safe Holidays! See you in January. If you have any questions on whether you should put your home on the market this Spring, IO would be happy to answer any questions. Also, I think the decision on the school boundary change should be out January or February. 

There were 88 active single family homes going into this weekend for sale in Oak Hill/Herndon. There were 2 homes sold this past week - both having been on the market over 90 days. Also, there were no new lisitngs so the market will probably just continue the same as we go through the holidays. Looking forward to a better market in January.

I hope everyone had a happy and safe Thanksgiving. The market did not do too much during the week - much as expected. The number of active single family listings in Oak Hill/Herndon is at 98 with 6 new homes coming on the market - one of which was relisted. No homes received contracts this past week - I guess everybody was enjoying turkey and stuffing. Hopefully, we will rally through December - we did last year.

Well, the market continues to plug along at a snail's pace. This week, there are 90 single family dwellings on the market in Oak Hill/Herndon zip code of 20171. This continues to go down which is a good thing for the sellers competing against themselves. Eventually, the market will stabilize, the buyers will come enter the market and there will not be a lot of inventory to choose from - again, the sellers who can stage their home and price it correctly will win. The reduction is due to the sellers deciding to rent their homes or just sell them at a different time. One home sold last week which was on the market for 172 days. The one thing that I noticed this week, in contract to the last 3 weeks, I had 2 potential buyers call me off ads - that has not occurred in awhile - so, hopefully, this means something.

The overall foreclosure news is still not good but we seem not to be as bad as the rest of the county or in Loudoun. There are a total of 96 active single family homes in Oak Hill/Herndon going into this weekend down from last week figures of 98. I think, as we go through the holiday season, this number will continue to fall - which is a healthy sign for sellers. There were 5 new listings on the market this week - one of which was a reissued listing. The number of foreclosures remain at 5 - again, another healthy sign. A total of 4 homes sold this week. They were on the market from 3 to 105 days. If we can sell 4 homes a week with this number as our inventory - we will be doing great - back to the earlier part of this year before the bank foreclosure report in July that sent a shock through our market. Keep your fingers crossed and hope that you have a safe and wonderful family Thanksgiving. It will be tough this week to predict anything unless we have at least 3 homes sell.

We are approaching the holidays - my favorite time of the year - which is a natural slow down period. In 20171, we had 98 active single family listings - down from last week. I believe last year we got to around 85 active listings before the end of the year. Almost all of the reduction is due to sellers taking their homes off the market and renting them or deciding to try at another time. It is a tough time right now. Only one home sold in the last 7 days. There are still 5 foreclosures on the market -so that number is not increasing - which is a healthy sign. Only 2 new homes came on the market. The good news for the sellers is that as the inventory dries up - those sellers with good pricing and show above average will sell. Buyers will find their choices limited. I would think that we should have a good first of the year in 2008 - since we do not seem to be inundated in foreclosures.

Quite a few homes went up for rent instead of sale this week - which is good for those truly trying to sell their home. The inventory has come down to 103 active single family homes in Oak Hill/ Herndon. There were 5 new homes listed this past week. We still have the 5 foreclosures - which have not sold yet. We had 3 homes sell this week - better than last - so maybe we are getting some strength. They were on the market respectively 80, 90 and 126 days - this is reflecting the number of homes we have and that fact 10 - 12 homes are selling each month. I hope everyone had a safe Halloween.

The market in Oak Hill/Herndon worsened a little this week. We have a total of 107 listings going into the weekend of the 19th - which is an increase from last week. 3 homes sold last week out of the 107 listings. 12 new listings came on the market - 6 of which were reissued listings. There are total of 6 single family homes in foreclosure that are currently on the market. There still seems to be more buyers out there than we have had in the past 60 days - but still not a lot of sales. We overall are doing much better than Loudoun - so being closer in is a better investment. A home that I sold in 2005 for $539,000 just came on the market as a foreclosure for $389,000. Amazing prices. I think and see the investors are starting to come in and buy the distressed homes. Do you think the market is going to get worse or better, let me know. I be interested in someone else's perspective. The issue now is what will the Spring market in January be like. Got any thoughts? Have a great day and enjoy.

The market is looking a little better this last week.  We have a total of 103 detached homes in Oak Hill/Herndon for sale - down a little from last week. We had 8 new listings - 2 of which were relisted at different prices.  The good news is that 5 homes sold - up from last week. They were on the market from 6 days to 313 days. What it looks like to me is that the market is trying to hold its own. It seems the traffic thru the houses on Opens and regular real estate traffic is down to 1 or 2 per week. I also think the investors are buying up the foreclosures - which is helping stabilize the market by getting those houses off the market. I think this is true of this area of Fairfax County. I think Loudoun is facing more difficult problems. I showed approximately 75 townhomes in the last 4 days to different buyers. Of those 75 townhomes, ninety percent were vacant. In Loudoun, 50% of them were foreclosures or short sales. If the market continues to do what it is doing, we should see firmer prices in January - making this a great time for buyers to buy.