fairfax county: Market Update November 23rd to November 30th - 12/04/07 03:47 AM
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. … (0 comments)

fairfax county: Market Update August 10th thru August 17th - 08/18/07 12:35 AM
We have had another interesting week in real estate. It sure would be nice to predict what the real estate market will do from month to month. So far, there have been incidences of contracts falling apart because the buyer can no longer get the financing that they had been promised. Eventhough this has affected individual sellers and buyers, it has not flooded the market with additional listings. The local market in Herndon/Oak Hill seems to be doing well. Prices still seem to be stable. There are a total of 93 active single family homes on the market - the same as last … (0 comments)

fairfax county: Market Update August 3rd thru the 10th - 08/13/07 01:11 AM
The market was pretty much the same a s last week in Herndon/Oak Hill. We had a total of 92 net single family homes on the market going into this weekend. There were 7 new listings with 7 listings getting contracts - another great week. I have noticed one trend in the last 60 to 90 days and now we have another issue this past week that will, to some degree, affect our real estate market. A pricing disparity has appeared between the over $500,000 market and the under $500,000. I know that this is a result of the sub-prime market … (0 comments)

fairfax county: Market Update for Oak Hill/ Herndon for May 11 thru the 18th - 05/19/07 02:25 AM
A good week for sellers! There are a net of 115 single family homes in Herndon/ Oak Hill. A total of 8 new homes came on the market - which is lower than last week. Total homes that received contracts were 12 - a great week. The market is holding its own as we finish the Spring market by the end of June. Prices are relatively stable and look to remain that way - so a great time for buyers to be in the market. If you have any specific questions, just post a comment. Have a great NOVA weekend. … (0 comments)

fairfax county: Market Update for the weekend 4/20 - 04/21/07 01:46 PM
Another Spring weekend is apon us. The market is doing well - very balanced between the sellers and the buyers. It is starting to look that last year was just that - last year - thank goodness it is gone. We are going into this weekend with 104 net listings in Oak Hill/Herndon. Down 5 from last weekend. A total of 13 new houses came on the market this week and 13 homes received contracts - 5 being over $1,000,000.  This last week was out best week for contracts received. I would have thought this weekend would have been a big listing weekend … (0 comments)

fairfax county: Market Update for Oak Hill/ Herndon 4/14/07 - 04/13/07 11:54 AM
The weekend promises ugly weather but, hopefully, the real estate market will Spring into action. We have a a total of 109 single family homes in Oak Hill/Herndon as of today. 22 new listings this week with 8 sales since last Friday. The total number of net listings is up 9 from last Friday. We continue to absorb the market - a tad bit slower each week. If we can get thru next weekend and keep the net increase to a minimum, we should have a fairly stable market. So far, the inventory is up 25% in 3 weeks (75 to 109) … (0 comments)

 
Angela Mitchell (Long and Foster)

Angela Mitchell

Oak Hill, VA

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Long and Foster

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