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oak hill: Market Update Jan 4th thru the 11th - 01/14/08 08:02 AM
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 (1 comments)
oak hill: Market Update For November 16th through the 23rd - 12/04/07 11:53 AM
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. (0 comments)
oak hill: Market Update November 23rd to November 30th - 12/04/07 11:47 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)
oak hill: Market Update November 9th thru the 16th - 11/18/07 10:11 AM
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 (0 comments)
oak hill: Market Update November 2nd thru the 9th - 11/12/07 11:18 AM
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 (0 comments)
oak hill: Market Update for Herndon/Oak Hill October 26th thru November 2nd - 11/02/07 08:53 AM
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 (0 comments)
oak hill: Market Update October 12th thru the 19th - 10/23/07 06:55 PM
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 (0 comments)
oak hill: Market Update October 5th thru the 12th - 10/17/07 09:01 AM
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 (0 comments)
oak hill: Market Update September 21st thru the 28th - 09/28/07 10:05 PM
Well, another month has gone by. September was definitely one that real estate agents would like to forget. Going into this weekend, we have 107 active single family homes for sale in Oak Hill/ Herndon - which is actually wonderful news - down from last week. There were 8 new listings - 5 of which were relisted. There were only 2 sales - one was on the market 14 days and one was on 68 days. I think that the fact the inventory did not go up is really good news. I think sellers are hesitant to put their home on the market (0 comments)
oak hill: Market Update thru September 21st - 09/22/07 03:05 PM
Yesterday, I read an article in one of the newspapers that they throw in your driveway. The article stated that the real estate market in Northern Virginia currently was doing well and that prices had risen slightly. I think they need to ask a seller who is currently on the market what they think before they print their articles. You wonder how much other information in the paper is erroneus or significantly after the fact. This article was relevant 60 to 90 days ago. We are definitely feeling the affects of the mortgage business today. This time of the year is (0 comments)
oak hill: Market Update 8/24 thru the 31st - 09/06/07 02:06 PM
A very quiet week going into Labor Day Weekend. The total net single family homes on the market in Oak Hill/Herndon is 93 - about the same as last week - good news with the foreclosures coming on. A total of 2 homes sold this week - which is the lowest that it has been all summer. 8 new listings came on - about the same. Usually this time of the year is our slowest real estate market - due to the summer hot days and vacations. September picks up as we go into Fall - so I will keep you (0 comments)
oak hill: Market Update August 17th thru the 24th - 08/27/07 08:41 AM
We are either experiencing the end of summer real estate blues or the finaning issues. The last weeks of August are the biggest beach vacation weeks. This week, we had a slight increase in net listings in Herndon/Oak Hill to 96 single family homes. There were 7 new listings that came to the market but only 2 homes sold for the week. Obviously if only 2 homes sold and we have 96 homes on the market - the months on market for the average home will be 12 months - with 8 homes selling per month. Only time and hindsight will tell us. The (0 comments)
oak hill: Market Update August 3rd thru the 10th - 08/13/07 08:11 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)
oak hill: Market Update July 27th thru August 3rd - 08/06/07 07:16 AM
We had a significant drop in inventory going into this weekend in Oak Hill/Herndon. The total number of single family active listings for this weekend is 93. If the inventory continues to drop, buyers will have a harder time finding great homes. Prices on homes in great condition will be stronger. The inventory is now sitting at December 06/early Spring numbers. 9 new homes came on the market this weekend and 4 homes got contracts. This was also lower this week. The four homes were on the market 19 to 175 days - majority selling under 60 days. Welcome to August. (0 comments)
oak hill: Market Update July 20th thru the 27th - 07/27/07 09:57 PM
Well, I know the stock market is on a wild ride down. I know the Washington Post and other news vehicles have said that the real estate market is sluggish - but I am not sure they are looking at the Northern Virginia market. The home market in 20171 - Herndon/Oak Hill is doing great. We now have a net of 100 single family homes on the market - significantly down from last week. Less inventory means prices will be stronger. There were only 3 new listings this week - also down from last week. Sales remain strong - 8 homes received (0 comments)
oak hill: Market Update July 13th thru the 20th in Herndon/Oak Hill - 07/21/07 06:45 AM
Another great week in real estate for buyers and sellers in the Oak Hill/Herndon area. There were a total of 111 net singel family listings on the market for this weekend. There were 8 new listings. 9 homes sold this week - which is great for a summer week. There are buyers looking for houses and you can see it in the number of showings a home gets. The saying still goes - price and condition sells a home. Of the 9 homes sold, 3 were on the market less than 30 days (so it is possible), 4 were on the market (0 comments)
oak hill: Market Update from July 6th thru the 13th - 07/14/07 04:36 PM
WIth the fourth of July behind us, the market continues to hold its own. As of Friday, there were 110 net listings on the market in 20171 - up a few from last week. 10 new listings came on the market this week with 6 homes receiving contracts. We continue to maintain the momentum that we have had all year. Prices are keeping firm. August is coming and usually a month that we think of the beach and peole start thinking of getting their children ready for school. September usually picks up for sales. It is a little cooler getting in (0 comments)
oak hill: Market Update June 29th to July 6th - 07/09/07 08:39 PM
First, I want to say that I am sorry I am a little late posting this information on the current market. I was not aware that anybody really paid much attention to this blog. Only joking - but I was at a settlement today and Roger and Jill (you know who you are and congrats on your new home) were worried the market might have fallen apart because I had not blogged in 2 weeks. The truth is, I went on vacation and was not aware that people were really interested on what the market was doing and how I interpreted it - (0 comments)
oak hill: Market Update for June 15th thru the 22nd in Oak Hill/Herndon - 06/22/07 01:15 PM
The market is very stable/improving in the Oak Hill/Herndon zip code of 20171. There are a total of 108 active single family listings for sale as of today. We saw 10 new homes enter into the market and 9 total homes got contracts - which is terrific. The market is definitely not dead this week. Inventory is remaining relatively stable. We should see an overall decrease in active listings over the next month - especially if the home sell at this pace. Again, staging and pricing are the keys to getting a contract in and at the right price. If you (0 comments)
oak hill: Market Update June 1st thru June 8th - 06/08/07 03:40 PM
The summer market is but a few short weekends away. Time for vacations, schools are out and summer camps are in. The market normally slows thru June, July and August - but we will see. So far so good. There were 111 total listings in 20171 - down 1 from last week - so the inventory had definitely stabilized. There were 7 new listings that came on this week - less than last week and 8 homes received contracts - also, more than last week. Overall, a great first week of June. The market under $500,000 seems to be a bit (0 comments)
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