It's in the Charts: Fairfax County November 2009 Home Sales

Reblogger
Real Estate Agent with Samson Properties 0225101257

Original content by Brian Block

There were 1,017 homes sold in Fairfax County last month (November 2009).

If you're buying or selling a home in the area, you want to know a breakdown of which price ranges are selling and how much negotiating room exists on these sales.

The answers to these questions are in the charts:

Fairfax County November 2009 Home Sales

As you can see, the majority of Fairfax County home sales are in the $200,000 to $500,000 price ranges.  In fact, there were more sales in this overall price range than in all the other price ranges put together.

Fairfax County Negotiating Room on Home Sales

The chart above shows the final net sales price as a percentage of the original listing price for homes that sold in Fairfax, Virginia during November 2009.  Homes priced under $300,000 sold for very close to asking price.  There was a bit more leeway in the $300K-$900K price range.

Once you get into the $900K+ luxury home market, there is quite a bit of wiggle room.  10-11% on a $1.5 million sale equals $150,000 to $165,000 of negotiating space.

Even 4% of a $400,000 sale or purchase is $16,000 of price "to play with."

That's why in this market (and always) it is wise to have an experienced real estate professional on your side.

 

 

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Comments (2)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

This is great information.  Thank you for sharing.  Have a great weekend!

Dec 05, 2009 09:53 AM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Great information and nice charts! Not to mention, I love your social media icons!

Jan 01, 2010 01:12 AM