Statistics for Northern Virginia & Loudoun County; Critical Information about market conditions; Information on Buying REOs, Short Sales, Etc.
ARCHIVED BLOG POSTS
This post is inspired by a conversation I had with a client and local business man. He is a well established, experienced home improvement contractor. Recently, he had a past customer call him and say that a potential buyer for her home had a home inspection done and that inspector reported that ...
Well folks, I am going to say this, loud and clear.... NO I DO NOT THINK THERE IS A HUGE INVENTORY OF FORECLOSURES COMING. NOT IN OUR AREA. "But Vicky," you say, "I heard it from a little birdie that knows a lot of stuff. The foreclosures are there. The banks are holding them." So I ask, "How doe...
Do you need a survey when you buy a property? Here are some insights from Keith Barrett, attorney and owner of Vesta Settlements in Leesburg, Virginia. WATCH THIS VIDEO NOW Stay tuned to The Real Estate Whisperer for more real estate insights...straight from the front lines.
This information, and much more, is available on my web site at www.VickyChrisner.com and is updated regularly, so for the latest and greatest info, be sure and check out my site. HOW MUCH INVENTORY IS THERE? The real estate market is really all about "Supply and Demand", so to understand the ma...
MEDIAN PRICE HISTORY This chart reflects a 5 year history of median price levels in Loudoun County. The blue line is for all housing types; but as you see, detached homes (purple), attached homes - i.e. townhomes (pink) and condos (red) have all followed a very similar pattern. For those wonderin...
WHEN DO MOST LISTINGS HIT THE MARKET? The chart below shows the 5 year history of "listing" cycles (reflecting the number of NEW listings for each month). Economic conditions resulted in a high number of foreclosures which hit the market as resales when banks listed the homes for sale. Consistent...
This post just in from the Virginia Association of REALTORS, Submitted by Andrew Kantor on May 11, 2012 – 8:32am We’ve now got MRIS’s April numbers for foreclosures and short sales. Short sales are slightly up, but foreclosures are waaaay down. Short sales: 12.2% of the market, up about 3% from l...