Archive for month: November, 2012

Warren County/Front Royal Market Report –11/30/12

30 Nov
November 30, 2012 The average price of homes sold has experienced a significant increase of 29% in the town of Front Royal and 34% in Warren County overall! Have Buyers finally discovered all the beauty of the Shenandoah Valley? Inventory is lower than this time last year, approximately 20% lower, in both the town and the county. This explains why we are seeing prices rise, lower inventory and more demand: the formula needed for price increases! Stats for Warren County  Stats for Zip Code 22630 There is also a jump in the number of homes sold a year ago. The average days on the market has increased which indicates that the market is entering a more stable period, not so many distress sales that sell in Read more [...]

McLean/Tysons Corner, VA Market Report – 11/29/2012

29 Nov
November 29, 2012 McLean Virginia, if you ask its surrounding neighbors, seems to be the club that everyone wants to get into but only a select few members are accepted each year. Well I am here to tell you that getting in, is not as hard these days! The October markets statistics are showing that it is a great time for buyers who once thought they could not afford the 22101 zip code. Statistic Values YoY MoM Total Sold Dollar Volume $22,345,800 -19.46% -46.93% Closed Sales 23 -8% -23.33% Median Sold Price $820,000 +17.99% -12.53% Avg Sold Price $971,557 -12.45% -30.78% Avg Days on Market 54 days +35% -40.66% Avg Sold to Orig List Ratio 94.38% -1.67% +0.05% The Read more [...]

Decades Old Tradition in Old Town Alexandria

28 Nov
November 28, 2012 The holiday season in America has become a truly commercialized affair. Nowhere was that more apparent than last weekend, with almost the entire time centered around shopping. From Black Friday to Small Business Saturday and Cyber Monday, the kickoff to the holiday season is and has been a rush to snatch up the cheapest TVs and the newest game consoles. But there is a lot more to the holidays than the gifts you give. The holiday season is a time to relax and unwind. To celebrate festivities and enjoy camaraderie and community. Thankfully, this weekend, one neighborhood in Virginia is kicking off its holiday month with events that having nothing to do with heading to the mall or the web. Old Read more [...]

Sakuramen is D.C.'s Hottest New Soup Shop

21 Nov
November 21, 2012 With winter comes many wonderful things: Thanksgiving, December holidays, even an entirely new year at the beginning of January. But there’s one thing that winter brings that almost everyone dislikes: low temperatures, and with it, colds galore. Sniffling and sneezing, shivering and shaking, wearing the warmest of clothing and still feeling chilly. Every person detests that awful feeling of being sick. But almost all of us have the same perfect remedy for the common cold. Soup. And just in time for the winter season, a spectacular soup shop has opened up in Adams Morgan, where you can sip hot broths and eat  sumptuous, spicy toppings, with flavors and temperatures sure to amplify your Read more [...]

Washington, DC – Market Report 11/20/12

20 Nov
November 20, 2012 Years ago as the holiday season approached, we looked forward to going “downtown” by trolley car to view the windows in the large department stores, Woodies, Hecht’s and Garfinkles.  They were always a vision of delight with the animated figures and glorious fairyland scenes.  Although these days are long gone, Washington, D.C. with its many neighborhoods is still a wonderful place to live.  The “District” as it is commonly called is the capitol of the United States and as such is a vibrant city. The four quadrants of the city, NE, NW, SE, and SW are all comprised of neighborhoods that range from low income to ultra-expensive.  Unique areas such as Capitol Hill and Georgetown as Read more [...]

Springfield, VA Market Report – 11/19/12

19 Nov
November 19, 2012 While Springfield as a whole encompasses a large area, these statistics are based on the recent sales activity for zip codes 22151, 22152 and 22153. Total revenue, so far, has remained steady this year.  If you're thinking about selling - now would be a good time since average days on market continue to decrease because demand is high in our area and inventory remains low.  The election is over and the news is good.  Interest rates will remain at an all- time low giving first-time home-buyers an opportunity to enter a market they would normally be priced out of.  With an influx of new home-buyers and high demand for decent housing, sellers are seeing higher prices for their homes and will Read more [...]

Spotsylvania County Market Report – 11/15/12

15 Nov
November 15, 2012 The holidays are quickly approaching!  Most people think that the real estate market slows down during the holidays, but if this year is anything like last year, they will be proven wrong. Our market goes through several surges throughout the year and we are still in one now.  Typically our market slows in October and November in election years, but that didn't happen this year. Interest rates are still hovering at a historic low and Buyers are really taking advantage of this opportunity. As you will see in the following statistics, if you are thinking about buying or selling, now might be the perfect time for you after all! OCTOBER 2012 2011 +/- New Listings 221 175 26.29% Closed Read more [...]

Prince William County, VA Market Report – 11/13/12

13 Nov
November 13, 2012 The real estate market in Eastern Prince William County continues to be leaning towards a "Seller's Market". If you compare home sales in Lake Ridge in September 2011 to home sales in September 2012: The number of available homes for buyers to purchase is down 32.87% New listings on the market in Sept. is down 10.59% Homes under contract is up 11.11% The median sold price is up almost 20% Now does this mean your home is worth 20% more this year than last year?  Unfortunately, no.  What that statistic tell us is that more single family homes are selling.  See detached units sold below: November 2012 2011 +/- New Listings 76 85 -32.87% Closed Sales 60 51 17.65% New Read more [...]

Centreville, VA Market Report 11/12/12

12 Nov
November 12, 2012 The Centreville market is divided into 2 distinctive markets 20121 located North of Lee Highway and 20120 which is South of Lee Highway. In line with Northern Virginia and Fairfax County, the Centreville market is experiencing the lowest inventory in 5 years and sales are reaching the number of active listings creating Sellers’ market with average days on the market below 30. In October 2007 in Fairfax County, there were 7,560 active properties on the market and 845 sales.  By comparison, in September 2012, there were 2,598 active listings and 1007 sales. November 2011 November 2012 % change Avg. Sales Price $333,432 $339,136 1.7% Avg. DOM 42 27 -35% Total Unit sales 39 52 30% Active Read more [...]

Fireworks Pizza's Comfort Food in Comfortable Setting

09 Nov
November 9, 2012 This past week showed us exactly what winter is capable of: Temperatures in the low 40s, wind whipping a chill into your bones, and sleet coming down from the skies. Weather like that is enough to make you want snuggle up and stay in your house.  But what if you could find the same lovely, cozy, living room feeling while also enjoying a delicious meal out? Fireworks provides you the perfect solution. With two locations in Northern Virginia—one out west, in Leesburg and one closer into the Washington D.C, in Arlington—Fireworks Pizza’s two spots provide a comfort and warmth—with fireplaces burning in the dining space—along with an excellent menu and phenomenal beer lists. This should Read more [...]