Home Value Roller Coaster of Northern Virginia - 01/31/11 12:27 PM
 
Home Value Roller Coaster of Northern Virginia
 
The Sun Gazette, a publication in Northern Virginia, has been annually tracking since 1975 these statistics:   the average home sales price, the total number of sales, the total volume of home sales as well as the change year over year of this data.  Further included in the chart are the historical and cultural notes of interest for that year.  I include this information in the material I present to clients when discussing the “state of the market” and what I predict the future holds.  Of course no one knows what the future … (0 comments)

GPS and Real Estate - 01/17/11 10:19 AM
 
GPS and Real Estate
 
When I began in residential real estate agents navigated from home to home the old fashioned way – with a paper map!  When Global Positioning Systems (GPS) became available as units mounted on the dashboard, I acquired one.  The GPS for me is a critical tool for the practice of residential real estate selling.  The last 2 vehicles I have purchased had built-in navigation devices. 
 
The GPS is particularly helpful in those areas where the streets change names frequently or they stop and start in different sections of the community.  Arlington, Virginia is … (1 comments)

The Real Estate Market and Interpreting Media Headlines - 01/11/11 01:26 PM
 
The Real Estate Market and Interpreting Media Headlines
 
We are all familiar with the expression:  “read between the lines”.  But what does it mean to read between media headlines as it relates to real estate?  The purpose of a media headline is to “hook” the reader or viewer’s attention.  The headline lure is designed to get the reader to delve deeper into the printed material and the viewer to stay tuned. 
 
Some recent print headlines that grabbed my attention are: 
 
Washington Post, December 29, 2010:  “D.C. area skirts home-price slump:  Yearly Gain Leads Nation” by … (2 comments)

A Tale of Price Recovery and Hope - 01/06/11 12:41 PM
 
McLean and Great Falls 2010 Real Estate
“A Tale of Price Recovery and Hope”
By Karen Briscoe
 
The predominant theme for the 2010 real estate market in McLean and Great Falls is that of price recovery.  The number of closed sales was effectively flat:  885 total sales in 2009 and 882 total sales in 2010.  In the category of under $1.25 million there were fewer sales than 2009, 675 in 2010 versus 711 in 2009.  The most significant increase in number of sales was in the $1.25 to $2 million market segment with 151 in 2010 up from … (0 comments)

 

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