5 Things To Watch In The Kingstowne Real Estate Market | Fall 2018

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Real Estate Agent with Amanda Davidson Real Estate Group Brokered By eXp Realty 0225221517

5 Things To Watch In The Kingstowne Real Estate Market | Fall 2018

Fall has arrived (still haven’t wrapped my brain around that) and with the change in season comes questions about the real estate market. What’s happening in the Kingstowne real estate market and what should you watch for? Check out my top 5 things to watch in the Kingstowne real estate market below.

 

1. Bull Market: We’re still in the longest bull market in US history. The housing market remains strong despite higher interest rates and rising rates are stimulating demand – for now. For how long? We can’t honestly answer that. Read more about rising rates and inventory below.

 

2. Rising Interest Rates: The Fed just increased rates and has expressed their intentions to raise rates once, maybe even twice more in 2018. They’re discussing having three increases in 2019. What does this mean? Rates could hit 5% by the end of the year, that was a prediction very early on in 2018 and it’s looking highly likely to happen. Many buyers who purchased 6-8 years ago have a rate in the 3-3.5% range. If you’re considering making a move the time to do it is this fall.

 

3. Rising Prices: Prices in Kingstowne continue to rise, year to date they’re up 6.2% as compared to 2017. The increase in prices has not slowed buyers down this year, it’s spurred them to purchase now in order to avoid future higher prices and higher interest rates. The market in Kingstowne is competitive with many homes seeing multiple offers but, only if they’re priced correctly and show well.

 

4. Low Inventory: Real estate is local – HYPER LOCAL. While this may not be the case in all areas, in our area inventory is historically LOW and has been for over a year. Low inventory points to a seller’s market. As we mentioned above, homes that are priced correctly and show well are moving quickly. If you’re considering selling your home and meet the above criteria you’re in an excellent position to see a lot of demand from buyers for your home.

 

5. Amazon HQ2: Where Amazon HQ2 will land has been a hot topic in the DMV. The buzz of it possibly landing here has already created some speculation among developers and investors. One thing is for sure, if Amazon ends up here you will see an increased demand for housing with it. You can also expect an increase in traffic but, that’s another story!

 

 

Interested in learning more about the Kingstowne real estate market or have a specific question you’d like to ask? Reach out to us and let’s connect!

 

 

 

Posted by

 

Amanda Davidson Real Estate Group

 exp realty

 

 

      

 

AMANDA DAVIDSON  
l ASSOCIATE BROKER l  
l AMANDA DAVIDSON REAL ESTATE GROUP BROKERED BY eXp REALTY l

C  703.431.3755   |   O  703.988.3151  |   W  www.amandadavidson.com

A  20130 Lakeview Center Plaza #400 Ashburn, Va 20147




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Topic:
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Virginia Fairfax County Alexandria
Tags:
kingstowne
kingstowne real estate
kingstowne real estate market
market trends in kingstowne
selling in kingstowne
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Rainmaker
4,432,589
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good informationfor anyone thinking of buying a home in your area. 

Oct 08, 2018 03:22 PM #1
Rainmaker
3,374,767
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Amanda... are you sure you weren't writing about the Charlotte region's housing market?

Oct 09, 2018 01:17 AM #2
Rainmaker
3,296,713
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Terrific update on the Kingstowne Real Estate Fall market. Buyers and sellers will benefit from this information and also by working with Amanda Davidson!

Oct 09, 2018 04:22 AM #3
Rainmaker
4,798,182
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Amanda.  Thanks for the information about the fall Kingstowne real estate market.

 

Oct 09, 2018 05:39 AM #4
Rainmaker
2,800,641
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It is so easy to keep up with the market in Kingstowne with your blog to follow, I am sure that everyone in the area subscribes to it.

Oct 09, 2018 06:15 AM #5
Rainmaker
4,269,276
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, great post about Kingstowne's real estate market, and you would know, you are in this market every day.

Oct 09, 2018 07:05 AM #6
Rainmaker
2,090,074
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Amanda - I like the way you have enumerated these five things to watch.  Every one will have an effect and people should plan their next move with these points in mind.

Oct 09, 2018 08:32 AM #7
Ambassador
3,984,754
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

You know your market so well, Amanda. I would be so confident referring buyers to you.

Oct 09, 2018 07:13 PM #8
Rainmaker
1,531,878
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you all for your comments! I really enjoy being immersed in the Kingstowne market. Makes it very easy to talk about it!

Oct 10, 2018 06:33 AM #9
Rainmaker
5,683,774
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local market reports.

Oct 12, 2018 05:54 AM #10
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Alexandria Virginia Homes For Sale
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