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VIRGINIA MARKET REPORT FOR ALEXANDRIA, ARLINGTON, FAIRFAX, LOUDOUN, PRINCE WILLIAM and STAFFORD COUNTIES

By Lenn Harley

Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

April 25, 2008 12:42 PM

MARKET REPORT FOR HOMES SALES - MARCH 2008 Compared with MARCH 2007.

Overall, home prices in Northern Virginia are down significantly over the past year. Home buyers today have the best opportunities to buy a home at a good price than any time in the past 5 years.

Alexandria average home prices - March 2007 - $525,355
Alexandria average home prices - March 2008 - $456,739

Arlington County average home prices - March 2007 - $544,834
Arlington County average home prices - March 2008 - $548,365

Fairfax County average home prices - March 2007 - $529,382
Fairfax County average home prices - March 2008 - $466,378

Loudoun County average home prices - March 2007 - $513,066
Loudoun County average home prices - March 2008 - $408,114

Prince William County average home prices - March 2007 - $408,574
Prince William County average home prices - March 2008 - $299,586

Stafford County average home prices - March 2007 - $383,899
Stafford County average home prices - March 2008 - $318,644

Alexandria VA Map

HOMES IN ALEXANDRIA CITY include the luxurious OLD TOWN MANOR HOMES,

Arlington VA Map

THE CLASSIC BRICK COLONIAL IS A POPULAR HOME STYLE IN NORTH ARLINGTON

Fairfax County Map Fairfax County Luxury Home

LUXURY HOMES IN FAIRFAX COUNTY IN MCLEAN

Map Loudoun VA homes in loudoun county

LOUDOUN COUNTY HOMES OFFER GOOD VALUE ON LARGE LOTS IN WESTERN LOUDOUN COUNTY

Prince William Map Homes in Prince William County VA

HOMES IN PRINCE WILLIAM COUNTY OFFER GOOD VALUE FOR HOME OWNERS

Stafford County Virginia hOMES IN sTAFFORD COUNTY

WONDERFUL VALUE IN LUXURY HOMES IS FOUND IN STAFFORD COUNTY VIRGINIA

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

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in Northern Virginia

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Melina Tomson

Tomson Burnham, llc Licensed in the State of Oregon - Salem, OR

Principal Broker/Owner, M.S.

I can't believe some of those price drops. I thought our small corrections were a big deal. WOW...

Apr 25, 2008 01:30 PM

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Lenn- You do a great job with your market reports and your maps are the best!

Apr 25, 2008 04:58 PM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Melina. Thanks. I should have gone back another year and you'd really be shocked, but it's finally time for buyers to get off the fence.

Katerina. Thanks. When I started adding maps to my web pages, I didn't forsee ActiveRain. But, here I am and there they are for me to use.

Apr 25, 2008 10:28 PM

Neal Bloom

Brokered by eXp Realty LLC - Weston, FL

Realtor CRS-Weston FL Real Estate

Lenn,

It seems in some cities the prices compared to the year before aren't that much different but in the others there seems to be a bigger drop..why is that?

Apr 26, 2008 12:33 AM

Neal. One theory is that the counties farthest away have experienced the fastest reduction in home prices.

Arlington County is the closest to DC (jobs) and has lots of METRO access. I believe that gas prices are impacting the out counties sales.

Of course, it's just a theory.

Apr 26, 2008 01:01 AM

Terry & Bonnie Westbrook

Westbrook Realty Broker-Owner - Grand Rapids, MI

Westbrook Realty - Grand Rapids Forest Hills MI Re

We have gone from and average of 140,000 to 110,000 here but your area is quite dramatic. Thanks for the info.

Apr 26, 2008 04:33 AM

Terry. We're down far enough for first time home buyers, but move up buyers aren't out yet. Can't sell their overpriced contingency.

Apr 26, 2008 06:42 AM

VIRGINIA MARKET REPORT FOR ALEXANDRIA, ARLINGTON, FAIRFAX, LOUDOUN, PRINCE WILLIAM and STAFFORD COUNTIES

Comments(7)

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