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northern virginia real estate market: How Quickly Will My Home Sell? - 10/21/11 04:43 PM
"How Quickly Will My Home Sell?" -- now that's a question that's on the mind of everyone that decides to sell their home. There's no easy answer as it certainly depends on a number of factors, among which are:
Location -- since we're talking real estate, that's obvious. A home in Arlington within easy commuting distance of Washington D.C. will almost always sell quicker than a home in the boondocks (not sure we even have boondocks in Northern Virginia, but you know what I mean). Price -- every house will eventually sell... for the right price. You'll be able to find … (5 comments)
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northern virginia real estate market: How Many Homes Sold in 2010? How Many Will Sell in 2011? - 01/03/11 12:10 PM
HAPPY NEW YEAR!
Before looking ahead, it's important to take a look back at real estate sales for 2010. At the start of 2010, inventory of homes on the market was way down from 2009, prices were stabilizing, and the federal homebuyer tax credit was in play providing a deadline for many buyers and sellers. The home sales news for 2010 in Northern Virginia was somewhat lackluster. While the tax credit provided an artificial boost to sales, once that expired, home sales during the rest of the year were sluggish and the number of sales were down in ALL jurisdictions!
Whether you are … (4 comments)
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northern virginia real estate market: Why the Northern Virginia Real Estate Market is Different from the "National" Real Estate Market - 08/26/10 04:37 PM
The last few days, everywhere you look -- television, internet, newspapers -- there's a lot of doom and gloom about the real estate market.
Understandably when numbers come out stating that nationwide resale home sales are down 27%+ and new home sales are at the lowest point since the Pilgrims landed at Plymouth Rock, there's some fear out there.
**However, every market is local.** (can't emphasize that enough!)
CNN, ABC, CBS, and the rest of the alphabet soup of national broadcast and cable stations do not report on the local market. They report on the "national" market. Truth is there is … (9 comments)
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northern virginia real estate market: Better Than Elsewhere!: Northern Virginia Real Estate Market - 08/24/10 01:59 PM
If you've ever shopped at Marshall's, Target, Walmart, or any other discount department store, you'll definitely have seen the price tags that compare their prices to those found "elsewhere." Whether the actual "elsewhere" price as marked is the true picture is debatable, but it's meant to make you feel good about your purchase, knowing that your shopping smart.
So plunking down $52 for that Clairborne dress shirt doesn't feel so bad, when you know that "elsewhere" it retails for $117!
When looking at the statistics for the overall Northern Virginia real estate market in July 2010, much of the picture doesn't … (2 comments)
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northern virginia real estate market: Northern Virginia Real Estate Marketwatch Video: Summer Outlook - 06/08/10 01:13 PM
Real Estate Business Intelligence, a subsidiary of MRIS (our local MLS system in Northern Virginia and D.C.) recently released a short 2 1/2 minute video discussing the real estate market in Northern Virginia including statistics regarding median price of homes, inventory, sales, and a forecast for this summer.
One of the main issues right now is a lack of inventory. With only 2.8 months supply in Northern Virginia, there's very few homes to choose from for the buyers who are currently looking. I've certainly been experiencing that with my clients who are hoping to purchase homes.
The video also discusses mortgage … (1 comments)
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northern virginia real estate market: Expand Your Northern Virginia Home Search Horizons by up to 26% - 04/08/10 04:34 PM
If you're like most people searching for a home in Northern Virginia you like to use round numbers. You are searching for a home up to $500,000, up to $700,000, or no higher than $300,000. Continue to search this way and you're likely to miss out on a whole lot of really nice homes that you might be able to afford. For example, if you're looking for a home under $500,000, you're not going to see all those homes that have been priced at $502K, $505K, and $509,999.
For all intents and purposes, if a seller priced their home for sale … (20 comments)
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northern virginia real estate market: Market Shift and Recovery: The Slides Tell the Story - 12/18/09 04:32 PM
I am not by any means, a Powerpoint master. I'd rather be out and about helping people buy and sell real estate in Northern Virginia than sitting in front of a Microsoft program designing charts, graphs, slides, and presentations.
That's why I'm happy and thrilled when someone else has created a Powerpoint presentation which helps to explain the real estate market. Especially when it tells the story in a simple and easy to understand way.
The four slides below are part of a recent presentation given by Christine Todd, CEO of the Northern Virginia Association of REALTORS.
They point to the … (5 comments)
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northern virginia real estate market: Signs of a Changing Market - 09/18/09 11:24 AM
It's 2009 or at least it is supposed to be. This week it seems like it could be 2004 at least in my little corner of the real estate world.
Here's a few signs of the changing market that I've experienced this week alone:
2 offers on my townhouse listing in Alexandria. 10 people taking my pre-licensing class -- they want to be REALTORS? (Don't they read the newspapers and listen to t.v. news? The real estate market is supposed to be horrible, remember...) Put a house on the market yesterday. Finished entering the listing into the MLS around 11 a.m. … (9 comments)
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northern virginia real estate market: December's Most Expensive Sales - 01/01/09 10:07 AM
Are you wondering about Northern Virginia real estate and pondering what has sold recently?
Here's some information about the most expensive home sales in Northern Virginia (Arlington County, Alexandria City, Fairfax City, Fairfax County, and Falls Church City) for December 2008. All information was obtained through MRIS.
Overall, there were 50 sales topping $1 million during the month of December 2008. Despite the economy, there are still people in the D.C. metropolitan area with money to purchase their dream homes.
DECEMBER'S MOST EXPENSIVE SALES
Single Family Detached Homes:
10015 High Hill Place, Great Falls, VA 22066 -- Sold on December 2nd … (6 comments)
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northern virginia real estate market: Don't Feel Sorry For Me... I Just Closed My Biggest Sale - 11/18/08 12:45 PM
"You are in real estate. I feel sorry for you these days."
I've lost count of how many times someone has said something along these lines to me in the past few weeks and months.
What with the daily news of the economy, devastating media reports about the real estate market, foreclosures, prices taking nosedives, etc. -- what should people be thinking?
"You must have a lot of time on your hands these days."
"Have you thought about a back-up plan or a part-time job?"
Is the real estate market really that bad? The market presents challenges, for sure, but there … (108 comments)
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northern virginia real estate market: But... But... My Neighbors Got $X for Their House - 05/20/08 07:17 AM
So, you're ready to sell your house.
You've been watching the market for quite some time. In fact, if you are like most homeowners, you've put a lot of careful thought into the decision. You didn't just wake up one morning and decide you wanted to sell. Perhaps you've been considering it for weeks, months, or even longer.
Just about everyone has the same goal when placing their home on the market for sale: Sell it quickly for the highest dollar amount with the best terms and the least hassle. Think about it for a half a second. That's … (43 comments)
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northern virginia real estate market: Which Homes Are Selling the Fastest and With the Least Discount? The Answer May Surprise You - 04/29/08 04:32 PM
Whether you are in the market to buy a home or to sell your current home, it is important to keep abreast of market statistics (or at least to work with a knowledgeable REALTOR who does). Newspapers, national magazines, and television news report on regional and national trends, but don't do a very good job of explaining the local real estate market.
The number of new housing starts nationwide or the percentage increase in foreclosures in the entire state have very little, if any, bearing on how quickly your Arlington condo will sell, or how much negotiating room there is with the … (35 comments)
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Brian Block -- Northern Virginia & D.C. Real Estate
McLean,
VA
More about me…
RE/MAX Allegiance, Managing Broker/Branch Vice President
Address: 6226 Old Dominion Drive, McLean, VA, 22101
Office Phone: (703) 626-0715
Cell Phone: (703) 626-0715
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