Prices From 3 Decades-Fairfax County Real Estate

By
Real Estate Agent with Samson Properties VA0225077251

We all excited to Ring in 2020 a NEW DECADE! Here is a reflection of the past decade of the housing market in the Northern Virginia Fairfax County area. 

The average household income in Virginia:

$42000 (1999)
$60000 (2009)  and
$71000+ (2018). 

The average unemployment rate in Virginia:
2.7 (1999)
6.7% (2009) and
3% (2018) may be lower in 2019?

Considering the income, interest rates and monthly payment (principal & interest in the chart with a 20% downpayment) if you adjust the inflation and rent prices in the area we can confidently say homeownership in the Fairfax County of Northern Virginia was a savvy investment.  

The 2020 era will also see an accelerated influence from high paying jobs in the region, low-interest rate, and tight inventory. 

 

Ritu Desai is a local real estate agent/Associate broker serving Northern Virginia real estate market for over 15 years area include in Mclean, Vienna, Fairfax, Arlington, Alexandria, Falls Church, Oakton, Oak Hill, Herndon, Reston, Ashburn, Sterling, Leesburg, Chantilly, South Riding, Centreville, Potomac Falls, Great Falls.

 

 

Source https://www.statista.com/
https://www.census.gov/

 

 

 

 

 

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 


 
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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ritu, nice to see your smiling face!   This is a good idea to show buyers (and Sellers) what the prices have done over the years.

Dec 02, 2019 07:47 AM #1
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Rainmaker
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Ritu Desai

Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
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