market: What is the Real Estate Market Like in Northern Virginia? - 05/07/11 05:50 AM
What is the Real Estate Market Like in Northern Virginia? As a full time Realtor, I must get this question 5 times a day.  While many people shy away from me when the find out I am a Realtor (afraid I am going to slyly convince them to sell their house?), most people want to hear how things are 'down in the trenches.'
This is not a market report...there are plenty of those out there. This is an honest view of what I am seeing in my day-to-day work with clients. I can think of two words for the current … (1 comments)

market: I Don't Need No Stinkin' Report to Tell Me About the Market! - 04/26/11 02:35 AM
The Spring Market is alive and well in Northern Virginia! How do I know this? It certainly isn't from the reports I hear daily on my local news, I know it because my favorite pants are getting snug and my blog has been neglected! In theory, those things that are important to our well being (such as exercise and marketing) should NEVER be neglected. People will tell you that you can always find the time for things that are a priority. Well, when the Spring Real Estate market kicks in, I beg to differ. I am a life-long exerciser. I was … (0 comments)

market: Obsessive, Process Oriented Realtors Step to The Back - 07/29/09 03:33 AM
When I went in to this business, selling Real Estate, I knew that I could be very good. My strong organizational skills and my background in process and process improvements would help me to provide superior service to my clients. And for years it did. But now we work in a new reality; the process, time-lines and milestones are shifting like sand below us. The new reality is imbalance. I find the most important thing I do in every transaction is to program all parties phone numbers and emails in to my Blackberry. This helps me when (not if) they call … (9 comments)

market: It is Time to Buy! - 06/14/08 06:13 AM
It is time for buyers to buy.
I know that many of you have homes that you first must sell, but those of you who are fortunate enough to be able to buy without selling need to act.Why, you ask, when prices continue to drop?First off, there will come a time when they stop.  Unfortunately for the buyer who is trying to play the market, you won't know that the market has hit bottom until it starts to creep back up.
Secondly, the longer you wait, the longer you go without the tax benefit.  If you have not done the math … (0 comments)

market: May Sales & Listing Figures for Lake Anne (20190) as of 6/08/08 - 06/08/08 12:28 PM
Total Listings Sold to date  in 2008:  120*Price range of all properties sold to date in 2008: $152,000-$1,275,000
Detached Homes, Active :  6Detached Homes, under Contract:  2Detached Homes, Sold since 5/1/08:  2
Townhouses, Active:    27Townhouses, under Contract:   14Townhouses, Sold since 5/1/08:   15
Condominiums, Active:   119Condominiums, under Contract:   25Condominiums, Sold since 5/1/08:  20
 
Price range of all properties sold to date in 2008:  $145,000-$1,600,000
Current Number of Listings:   155*Price Range:    $145,000 to $1,995,000
*This number may include listings that cannot be classified as detached home, townhouse or condominium
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the … (0 comments)

market: May Sales & Listing Figures for Hunters Woods(20191) as of 6/08/08 - 06/08/08 12:24 PM
Total Listings Sold to date  in 2008:  161*Price range of all properties sold to date in 2008:  $112,000-$815,000
Detached Homes, Active :  43Detached Homes, under Contract:  27Detached Homes, Sold since 5/1/08:  11
Townhouses, Active:    101Townhouses, under Contract:   32Townhouses, Sold since 5/1/08:   19
Condominiums, Active:   81Condominiums, under Contract:   18Condominiums, Sold since 5/1/08:  10
 
Current Number of Listings:   225*Price Range:    $113,000 to $1,390,000
*This number may include listings that cannot be classified as detached home, townhouse or condominium
 
Futher information about sales and listing figures can be found at the following links:
http://www.activerain.com/blogsview/501808/April-Sales-Listing-Figures
http://www.activerain.com/blogsview/430499/Reston-Virginia-Hunters-Woods
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is … (0 comments)

market: April Sales & Listing Figures for North Point (20194) as of 5/08/08 - 05/08/08 03:34 AM
Total Listings Sold to date  in 2008:  59*Price range of all properties sold to date in 2008:  $180,000-$1,160,000
Detached Homes, Active :  37Detached Homes, under Contract:  17Detached Homes, Sold since 4/1/08:  7
Townhouses, Active:    33Townhouses, under Contract:   23Townhouses, Sold since 4/1/08:   17
Condominiums, Active:   17Condominiums, under Contract:   4Condominiums, Sold since 4/1/08:  3
Current Number of Listings:   89*Price Range:    $199,900 to $1,699,000
*This number may include listings that cannot be classified as detached home, townhouse or condominium
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price ranges that … (0 comments)

market: April Sales & Listing Figures for Hunters Woods (20191) as of 5/08/08 - 05/08/08 03:28 AM
Total Listings Sold to date  in 2008:  120*Price range of all properties sold to date in 2008:  $157,000-$815,000
Detached Homes, Active :  51Detached Homes, under Contract:  18Detached Homes, Sold since 4/1/08:  8
Townhouses, Active:    101Townhouses, under Contract:   34Townhouses, Sold since 4/1/08:   12
Condominiums, Active:   80Condominiums, under Contract:   16Condominiums, Sold since 4/1/08:  6
 
Current Number of Listings:   232*Price Range:    $118,500 to $1,490,000
*This number may include listings that cannot be classified as detached home, townhouse or condominium
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price ranges that … (0 comments)

market: April Sales & Listing Figures for Lake Anne (20190) as of 5/08/08 - 05/08/08 03:20 AM
Total Listings Sold to date in 2008:  84*
Price range of all properties sold, to date, in 2008: $152,000-$1,275,000
Detached Homes, Active :  2Detached Homes, Under Contract:  1Detached Homes, Sold since 4/1/08:  3
Townhouses, Active:    16Townhouses, Under Contract:   7Townhouses, Sold since 4/1/08:   16
Condominiums, Active:   122Condominiums, Under Contract:   21Condominiums, Sold since 4/1/08:  16
Current Number of Active  Listings (all types):   155*Price Range:    $145,000 to $1,995,000
*This number may include listings that are not classified as detached home, townhouse or condominium
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  The price … (0 comments)

market: Reston Virginia, Hunters Woods (20191): YTD Sales Figures,3/19/08 - 03/19/08 09:17 AM
Here is a summary of the market conditons in the Hunters Woods Village area of Reston (zip code, 20191).  These statistics were valid as of 3/19/08. 
Homes Sold in Hunters Woods
Total Listings Sold in 2008:                 65
Detached Homes Sold in 2008:            28
Townhouses Sold in 2008:                  20
Condominiums Sold in 2008:              17
Homes Currently for Sale in Hunters Woods
Price range of all properties sold to date in 2008: $189,500-$1,080,000
Current Number of Listings:                 220
Price Range:                                     $125,000 to $1,490,000
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are … (0 comments)

market: Reston Virginia, Northpoint (20194): YTD Sales Figures, 3/19/08 - 03/19/08 09:06 AM
Here is a summary of the market conditons in the North Point Village area of Reston (20194).  These statistics were valid as of 3/19/08. 
Total Listings Sold in 2008:                 26
Detached Homes Sold in 2008:           8
Townhouses Sold in 2008:                  11
Condominiums Sold in 2008:              7
Price range of all properties sold to date in 2008: $189,500-$1,080,000
Homes Currently for Sale in North Point Village
Current Number of Listings:               74
Price Range:                                    $199,900 to $1,770,000
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. Metropolitan Area.  There are many types of housing available in Reston.  … (0 comments)

market: Reston Virginia, Lake Anne (20190): YTD Sales Figures, 3/19/08 - 03/19/08 08:59 AM
Here is a summary of the market conditons in the Lake Anne Village of Reston (zip code, 20190).  These statistics were valid as of 3/19/08. 
Homes Sold in Lake Anne Village
Total Listings Sold in 2008:               44
Detached Homes Sold in 2008:          2
Townhouses Sold in 2008:                16
Condominiums Sold in 2008:             26
Price range of all properties sold to date in 2008: $189,500-$1,080,000
 
Homes Currently for Sale in Lake Anne Village
Current Number of Listings:             149
Price Range:                                  $149,000 to $1,995,000
More Information about Reston
Reston, Virginia is a planned community located in Fairfax County, Virginia. It is a suburb of Washington D.C. and is commonly included in the statistics for the Washington D.C. … (0 comments)

market: Good News in the Reston Market - 02/26/08 03:28 AM
Gloom and Doom is all we hear these days, but there are bright spots in the Reston Real Estate Market. Each of the zip codes in Reston has a variety of housing types (condominiums, townhouses and single family homes) which has an impact on the average sales price.
The real bright spot is the North Point area, the section of homes north of Baron Cameron Avenue in the 20194 zip code.  In this market, the average days on market was 73 days, but the average sales price was up from the same quarter last year by 10.23% for an average of $559,200. … (0 comments)

market: To Buy or Not to Buy? - 02/12/08 07:34 AM
If you have been contemplating a purchase, but are paralyzed by the media reports that we haven't hit rock-bottom yet, analysts are finally starting to come around!
Every Realtor will tell you that waiting until the absolute bottom can really work against you.  Do you really want to get in a bidding war? How much will that extra $10,000 REALLY cost you monthly if you buy the house now? How much more will you pay in taxes by not buying right now? What about writing off the points you might pay on a mortgage? Not to mention the big one--getting on with your … (1 comments)

market: Group Think and Real Estate - 12/17/07 12:07 AM
 
There was an interesting article in the Washington Post this morning, 12/17/07.  Written by Shankar Vedantam, the article titled 'Bad Ideas Can Be Contagious,'discusses the phenomenon of 'group think' and how it affects the decisions we make.  What I found most compelling about the article was the assertion that this phenomenon largely contributed to the Real Estate bubble.  Also discussed is the idea that those of us in the Washington D.C. metro area felt largely distanced from real estate market corrections, but now that the correction has been accepted as fact, it is believed by all.
Read the article, link below, and let me know your thoughts.
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/16/AR2007121601472.html
… (4 comments)

market: Make an Offer! - 11/20/07 03:07 AM
Somewhere along the way (probably when houses were selling before going in the MLS), the mentality about real estate prices shifted. It used to be that an agent would show a client homes around their price range that fit their needs and if they liked a home they would make an offer.  Then came the craziness.  Suddenly, buyers/agents would only look at homes that they thought were accurately priced or below their maximum price.  (of course, if you are paying full price that maximum is really important).
Then the market shifted and we came to where we are today.  The price at which … (0 comments)

market: Let The Real Estate Market Run Its Course! - 10/24/07 03:14 AM
Every day we are bombarded with stories both about the rebound in the housing market and the horrors that yet await us. As a real estate professional, I wade through these stories, comparing them with what I know to be true about the consumers in my market.  I look at my local employment and job creation numbers and I make a determination about how to answer when I am inevitably asked, "how's the market?" 
The problem as I see is that most consumers have neither the interest, nor the patience, to wade through and evaluate all of the news and speculation … (2 comments)

market: Too much Negativity! - 08/30/07 05:34 AM
In response to my own negative postings, I decided it is time to talk about some positives in the real estate market. Not generally a negative person, I think that there are some good (better) things going on:
1) I actually heard 2 financial specialists talk positively about the real estate market this morning, on the Early Show and on Good Morning America. They said it was a geat time to buy!
2) My listing clients understand how difficult marketing their homes can be in this market and are extremely responsive to my suggestions and open to discussing offers.
3) This one is personal, … (4 comments)

market: A "Buyer's" Market... - 07/11/07 09:52 AM
I am working with a client in Northern Virginia who has recently moved here from out of state.  She is in a great position to buy, but has a very specific idea of the type of home she would like, the area in which she would like to live, and the price that she would like to pay.
I am sure I have said enough for the experienced realtors to know that she is going to have a tough time finding the house of her dreams!
What is a a reasonble price for a really nice home in another metro area  does not buy anything … (1 comments)

market: The Spring Market - 05/15/07 05:49 AM
I am interested to hear how everyone feels about the so-called "Spring Market."  I have been so busy I can barely keep up.  Interestingly, however, I am seeing this activity in pockets.  I have several listings which have virtually no traffic (even at very competitive prices) and others that have almost immediately gone under contract.  I put in the same amount of pre-market preparation time (as do the sellers), and yet, nothing! It seems like some areas are regaining the momentum and others are not. 
Buyers are still overwhelmed by choices and,to some degree, seem reluctant to make a commitment (in the form of … (0 comments)

 


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