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Low Inventory in Loudoun County and Fairfax County - What is going on?

By
Real Estate Broker/Owner with Realty Direct

Many clients ask where is the inventory right now in Loudoun County and Fairfax County?  The escalation clause is out again.  Without a lot of new properties coming on the market (besides a scatter of short sales and even fewer REOs) it has caused what feels like a shortage.  Those that could sell are not ready because they are in their home and it is either underwater or they have no need to move since they have been there probably only the last 3-5 years.   The upper end markets are still experiencing inventory - so you may get a better value there.

Call today about some Loudoun or Fairfax County investor opportunities.

David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

You are right on! I have clients that just can't find (in Fairfax County) what they are looking for and when they do it is multiple contracts or the escalation clause! Incredible!  What is really tough is somehow explaining to the buyers that in the counties you just mentioined we have more of a Sellers Market... Buyers read national stats and just can't deal with that!      - David

Mar 10, 2011 06:38 AM