You are fortunate to live here...even if we don't always dance.

By
Real Estate Agent with RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax

 

With our tough traffic and steep fall in home prices since 2005, you mayHe's happy to live in Northern Virginia feel put upon. But count your blessings. Our unemployment rate is half the national average and homes under $400k are flying off the shelf often with multiple offers on them (yes...it is true). Our housing inventory is half of what it was this time last year.

That's good news for our residents, our economy and our real estate market…… the economic news might be bad nationwide, but the Washington DC metropolitan area in general and Northern Virginia specifically is financially strong.

 

 

 

Manassas Battlefield Park

 

 

 

 

Our median family income is far and away the best in the country. Of the top 20 counties nationwide, 9 are in our area: 6 in Northern Virginia and 3 in suburban Maryland.The last complete year available is 2008. It looks as if Loudoun will be slightly ahead of Fairfax for 2009...but it's all good news for those who live her and our new friends who are coming in the future.

Check the numbers below and be happy!

 

US counties with the highest median family incomes for 2008


1 Fairfax County, Virginia          $100,318

2 Loudoun County, Virginia        $99,371

3 Howard County, Maryland       $94,260

4 Hunterdon County, New Jersey  $93,297

5 Douglas County, Colorado         $92,125

6 Somerset County, New Jersey   $91,688

7 Morris County, New Jersey        $89,587

8 Montgomery Cty, Maryland     $87,624

9 Arlington County, Virginia          $87,350

10 Nassau County, New York        $85,994

11 Marin County, California           $85,892

12 Stafford County, Virginia        $85,014

13 Calvert County, Maryland         $84,891

14 Santa Clara County, Ca           $84,838

15 Forsyth County, Georgia          $83,682

16 San Mateo County, Ca            $82,123

17 Putnam County, New York        $81,907

18 Williamson County, Tenn          $81,449

19 Prince William County, Va      $80,783

20 Alexandria City, Va                  $80,449

 

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Why pay more and get less when selling your home? Jan and Steve Bachman of RE/MAX Gateway use professional photographers, create interactive photo floor plans, print full color brochures, and make an individual property website for your listing that goes out to 40+ public real estate search sites including Realtor.com, Trulia, Zillow etc.

 

We also create a custom photo tour that is sent to other agents and prospective buyers.

 

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RE/MAX Hall of Fame, Platinum Club, A Washingtonian Magazine Top Agent 2018

Happy to Help. No Hassle, No Pressure.

Jan and Steve Bachman are full time Realtors® with RE/MAX, specializing in Homes for Sale in Fairfax, Loudoun, Prince William and Arlington Counties.

 

 

       

Search for Northern Virginia Homes Like an Agent  Just play around. No hassle, no spam, we won’t bother you. Fresh listings emailed to you. Want more info. Drop us a line.       

 

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Rainmaker
1,299,111
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Steve, that is of course good news on the home front.  While our economy here remains strong, the median income level is not near yours with a median income in Madison of: $78691. in 2008.

Feb 09, 2010 05:12 AM #1
Rainer
106,855
Jason Koivu - SFR Certified Realtor Brevard County, Florida
Serving Brevard Realty - Viera, FL

Interesting facts.  I had no idea that Fairfax was so prosperous.  I would like to think that would be a saving grace to your local housing markets.  Keep up the great posts!  Nice information!

Feb 12, 2010 11:20 PM #2
Rainmaker
760,427
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Jason,

we have taken a beating in our housing market despite our economic wealth and partly because of it. In many areas, especially in what was the $750k + bracket in 2005, values have fallen by $200k. That's a lot of UPSIDE DOWN! The under $400k market in today's values seem to have hit bottom and are moving up in some areas.

Thanks for stopping by

Feb 13, 2010 01:54 AM #3
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Rainmaker
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Steve and Jan Bachman

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