real estate market: Washington, D.C. Real Estate Market Update - September 2009
- 10/19/09 08:17 AM
The numbers and statistics below are courtesy of the Greater Capital Area Association of Realtors. Interesting trends for the District of Columbia: Condos and Coops Average Sales Price Year-to-Date: $412,367 **Thus far, highest since 2005. Inventory: Total at 1,229 listings **2nd lowest since September 2008 Single Family Homes Average Sales Price Year-to-Date: $557,725**Lowest, by about $60k since 2005 (prices peaked in 2007) Inventory: Total of 1,464 Listings*2nd lowest in the last calendar year (August 2009 was the lowest)
Obviously the D.C. market is more complex than this overall picture paints. The 4 quadrants - SW, SE, NE, and NW - … (0 comments)
real estate market: September 2009 Real Estate Market Update - McLean, VA 22101 and 22102
- 10/19/09 06:42 AM
McLean VA is home to many businesses and personal residential pieces of real estate. The zip of 22101 is heavily populated with Businesses, so I've broken out the August statistics by zip code: 22101 Detached Houses Average Net Sale Price: $981,131 after 104 DOMRange: $526,000 - $2,251,000 Townhouses Average Net Sale Price; $627,700 after 84 DOMRange: $535,000 - $820,000 The overall market in McLean in 22101 is BUSY. Sales has more than doubled this point last year, for both volume and the number of homes sold. Surprisingly, days on the market has also gone up by about 20 days. Prices are … (0 comments)
real estate market: September 2009 Real Estate Market Update - Falls Church, VA
- 10/19/09 06:10 AM
The stats for September in Falls Church, VA includes both the city of Falls Church and the part of Falls Church within Fairfax County. Detached Houses Average Net Sale Price: $493,069 after 66 DOMRange: $225,000 - $1,332,491Avg Sold Price was 95.7% of Original List Price Townhouses Average Net Sale Price: $437,719 after 56 DOMRange: $212,430 - $914,933Avg. Sold Price was 95.48% of Original List Price 1 Bedroom Condos Average Net Sale Price: $162,204 after 91 DOMRange: $86,000 - $260,000Avg. Sold Price was 91.78% of Original List Price 2 Bedroom Condos Average Net Sale Price: $233,370 after 53 DOMRange: $126,100 - $435,000Avg. Sold Price … (0 comments)
real estate market: Arlington VA Real Estate Market Update – September 2009
- 10/15/09 05:04 AM
September 2009 Sales for Arlington County Virginia Total Arlington Sales: 223 Detached Properties North Arlington Average Net Sale Price: $752,329 after 52 days on the market (DOM) Range: $450,000 – $2,200,000 Avg. Sold for 95% of Original List Price South Arlington Average Net Sale Price: $532,681 after 95 DOM Range: $205,000 – $875,000 Avg. Sold for 94.30% of Original List Price Studio Condo South Arlington Average Net Sale Price: $189,769 after 52 DOM Avg. Sold for 96.59% of Original List Price 1 Bedroom Condos North Arlington Average Net Sale Price: $314,886 after 34 DOM Range: $165,000 – $419,000 Avg. Sold for … (0 comments)
real estate market: August 2009 Real Estate Market Update - McLean, VA - 22101 and 22102
- 09/25/09 03:50 AM
McLean VA is home to many businesses and personal residential pieces of real estate. The zip of 22101 is heavily populated with Businesses, so I've broken out the August statistics by zip code: 22101 Detached Houses Average Net Sale Price: $1,078,628 after 101 DOMRange: $500,000 to $2,585,000 Townhouses Average Net Sale Price; $779,722 after 36 DOMRange: $480,000 to $1,200,000
22102 Detached Houses Average Net Sale Price: $1,099,125 after 155 DOMRange: $738,000 to $1,950,000 1 Bedroom Condos Average Net Sale Price: $211,000 after 24 DOM 2 Bedroom Condos Average Net Sale Price: $455,693 after 82 DOM
The real estate market … (0 comments)
real estate market: Arlington County Expected Decline in Real Estate Revenue for 2010 - How This Affects Your Value
- 09/17/09 12:12 PM
Washington Business Journal released an article on Monday, September 14th, 2009 that said Arlington County is expected to see a 5 - 12% decline in Real Estate Revenue during 2010. TRANSLATION: Revenue from Real Estate TAXES are expected to decline. Taxes collected on the ASSESSED value, not necessarily the MARKET VALUE. Arlington County Real Estate Tax Assessments are calculated as follows: Annual Tax Rate * County Assessed Value = Taxes Collected 2010 Tax Rates: $0.865 per $100 assessed value Assessments for 2010 are the county's appraisal of value on January 1, 2010, based on sales from July 1, 2008 to June … (2 comments)
real estate market: May 2009 Real Estate Market Update - McLean, VA
- 06/10/09 08:18 AM
McLean is a very interesting area of Northern Virginia. Nearby to Tysons Corner, Washington, D.C., and many of the central locations for Government Agencies and contractors, McLean was ranked #4 by AOL for "Smartest Suburb". I've broken out the statistics for McLean into 2 zip codes: 22101 and 22102. They have different characteristics that make it hard to lump the 2 into one category. See the stats below: 22101 35 Sales in May 32 Single Family Homes Average Sale Price: $1.085M after 100 days Sale Ranges were $387k to $2.63M Only 3 Townhouses Average Sale Price was $860,000 after 22 days … (0 comments)
real estate market: December 2008 Northern Virginia Real Estate Market Update
- 01/14/09 10:45 AM
Better late than never! Here's the real estate market update for Northern Virginia last month. Total Homes Sales: 1,510, that's 26% more than 2007 Absorption Rate (months to sell through the current inventory): about 5 months, about 2 months less than this time last year Average Sales Price: Down about 22% from December 2007 Average Days on the Market: things sold faster! 92 days this month, versus 103 for 2007 These statistics are for the entire Northern VA area - Arlington County, Fairfax County, the cities of Alexandria, Falls Church, and Fairfax. Also the towns of Herndon, Clifton, and Vienna. The … (0 comments)
real estate market: Northern Virginia Real Estate Market Update - November 2008
- 12/18/08 06:32 AM
Now taking a look at the Greater Northern Virginia Real Estate market, let's take a macro view of the market. The follows statistics are for Arlington County, Fairfax County, the cities of Alexandria, Fallls Church, and Fairfax, and the towns of Vienna, Herndon, and Clifton.
What does this mean? We've had MORE sales, in a SHORTER amount of time, and the inventory is lower this month than in 2007. The sales price is less than this time last year - but these are signs of a strong and rebounding market. There was an article in the New York Times that said, we … (0 comments)
real estate market: Northern Virginia Real Estate Market Update - October 2008
- 11/10/08 06:00 AM
It's Northern Virginia Real Estate Market Update Time! Once again, The Northern Virginia Association of Realtors has published the Year-To-Date Market stats through October 2008 for the following counties and cities: Arlington & Fairfax County, the cities of Falls Church, Alexandria, Fairfax, and the towns of Herndon, Vienna, and Clifton. See stats below:
Total Year to Date Sales2008: 14,9702007: 15,778Total October Sales2008: 1,4572007: 1,123 Average Sales Price2008: $427,4022007: $520,829 Average Days on the MarketOctober 2008: 94October 2007: 89 Absorption Rates (ie. # of months to sell through the current supply of inventory)October 2008: 6.04October 2007: 9.23 I'm always available for more statistics for the … (0 comments)
real estate market: Northern Virginia Real Estate Market Update - September 2008
- 10/15/08 07:08 AM
Sales reports are finally in for September here in Northern Virginia. This report includes all sales for Fairfax and Arlington counties, Alexandria, Falls Church, Fairfax, Vienna, Herndon, and Clifton. Here's how September wrapped up: Total # of Sales: 1,650Average Days on the Market: 93Absorption Rate: 5.52 months Average Sale Price: $407,748 (down about 23% from 9/07) YTD Average Sales Price: $465,891 (down about 14% from 9/07) Arlington Market: There were 202 sales in Arlington in the month of September. Of those, only 12 were over $1m.Only 68 of the remaining sales were over $500k. What does this mean? High price homes … (0 comments)
real estate market: Sellers REJECT an Offer! How to NOT Sell Your House!
- 09/25/08 01:14 PM
In this market where we're all telling everyone on the fence that "Now is the time to buy," I finally took my own advice.I found a great deal on a condo in Fairlington, VA (A super-cute, friendly, dog-friendly community here in Arlington) on a 1 bed, 1 bath condo. The average days a condo in Arlington spends sitting before it goes under contract is 65 days. So, wouldn't you think receiving an offer after only 3 days on the market would excite the sellers? Apparently not. Without giving the exact details of the offer, it was basically a "no strings attached" … (89 comments)
real estate market: Newsweek Article Paints Dismal Real Estate Market Picture
- 08/13/08 10:45 AM
When Newsweek ran out of "Housing Bubble Busts" articles, they turned to talking about the lives of Agents during this slow housing market. I find the article to be irritating, to say the very least. They have a picture and the story of an agent who apparently has fallen into some economic hardship from the lack of sales, and has since lost his house, and his wife. While I feel for the guy - this is NOT an easy job to do - I also think that painting such a dismal picture isn't helping. There's another way to look at this - … (0 comments)
The numbers and statistics below are courtesy of the Greater Capital Area Association of Realtors. Interesting trends for the District of Columbia:
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