Archive for month: October, 2013

Damascus, MD Market Report – 10/23/2013

23 Oct
October 23, 2013 The statistical chart below represents ALL types of properties in the Damascus area.  I am going to break these statistics down into three categories and will discuss them in detail below:  1-Detached Single Family properties (this information indicates a Seller’s Market)  2- Attached/Townhouse properties (sales have slowed this month) 3- Condo & Coop properties (there are a few in the Damascus area but they are moving and all indication show a Seller’s market). In the Damascus area, the median sold price for Detached Single Family properties for September was $325,000, representing a decrease of 18.8% compared to last month and a decrease of 19.2% from Sep 2012. The average days Read more [...]

Stafford County, VA Market Report – 10/22/2013

22 Oct
October 22, 2013 Stafford County has seen very good price appreciation from last year – up an average of 7.75%! With government sequestration, our sales have slumped a bit, but there are many great homes on the market at fantastic prices.  There are also a large amount of new homes being built in Stafford – probably more than any place in the area. Stafford County is a great place to live – many homes at all price ranges, convenience to shopping, great schools and recreational opportunities.  The proximity to Marine Corps Base Quantico and the adjacent office complexes employ many in the county.  In addition, Stafford is a convenient location for commuters to DC.  The I-95 extension of the HOV lanes Read more [...]

Darkwood Manor: Virginia's Premier Theatrical & Interactive Haunted House

17 Oct
October 17, 2013 With temperatures reaching as high as 87 degrees in the Shenandoah Valley during the first week of October, you might have forgotten that it’s Fall. But, despite the glorious Indian summer, temperatures have finally cooled down enough to make jackets a necessity for early morning commuters, reminding us that it is indeed October. October brings with it Halloween, the one time of year when children and adults alike dress in costumes, gorge themselves on candy, and engage in activities for the sole purpose of scaring someone or being scared themselves. For those who want to be scared, look no further than Darkwood Manor in Luray, VA. Located at 104 N. Hawksbill St., Darkwood Manor boasts, Read more [...]

Gainesville, VA Market Report – 10/17/13

17 Oct
October 17, 2013 We are still in a "Seller's Market" Over the past two months there has been an increase in new listings coming on the market in Gainesville, compared to last year at the same time. This is an increase of 32.26% in new inventory available to buyers. Is it something sellers should be concerned about? Absolutely not! There are 10,777 homes in Gainesville, and only 118 are actively looking for a buyer. That's .01% of homes in active status. Very low inventory, indeed! The graph below shows the amount of active listings over the last 5 years: Buyers, prices and interest rates are expected to rise again next year so we highly recommend you get out there this fall and take advantage of the increased Read more [...]

Alexandria, VA Market Report – 10/15/13

15 Oct
October 15, 2013 September brings the last great push for real estate in the calendar year, and that's reflected in the numbers below. Our new listings have increased 25.94% over this time last year.  Word might finally be out that home prices are on the rise, and were, by 16.92% over this time last year. If you're a buyer looking within the city of Alexandria, this should come as very good news. There will be more to look at, more to choose from and with the favorable interest rates, a great time to buy. Why wait any longer?   September, 2013 September, 2012 August, 2013 Total Revenue $88,835,585.00 $75,980,426.00 $107,267,794.00 Average Sold Price $496,288.00 $474,878.00 $501,251.00 Units Sold 179 160 214 Average Read more [...]

Ashburn, VA Market Report – 10/8/2013

08 Oct
October 8, 2013 The Ashburn “Red Hot” Market continues.  The total sales volume year over year is up 52%, while sold units are up 38%, and the average and the average sales price is up 10.5% . This amazing market trend is being driven by the increase in new home sales (similar to the one we experienced 3 years ago), coupled with historically low interest rates, and continued record low inventories in Northern Virginia. August 2012 August 2013 % change Total Sales Volume $54,546,492 $83,444,112 52% Sold units 120 166 38% Avg. sold price $454,554 $502,675 10.5% Avg. DOM 39 28 -28% Pending contracts 204 203 NC Active listings 285 305 -7% Do you live in Ashburn or are you considering selling? Now Read more [...]

Warren County/Front Royal Market Report – 10/3/13

03 Oct
October 3, 2013 The Real Estate Market in Front Royal,VA has increased in every category since this time last year! The amount of sales volume has increased by 28%! The average sold price is up 2.46%, and the average amount of time in which to sell a property has dropped from 104 days on market to just 54 days! In addition to that, Sellers are now getting an average of 96% of their listed price. This is an increase of 6.62% in just 12 months. The average sales price for a detached home in Warren County is $208,625 which is up 3.5% from this time last year, but it is still very affordable! Warren County and the quaint town of Front Royal is a very desirable location for first time home buyers. We see a Read more [...]

Fall Wine Tasting: Virginia & Maryland Wineries Near Washington, D.C.

02 Oct
October 2, 2013 Now that it’s cooled off in our area it’s time to enjoy the sunny crisp days before the chill of winter by heading out of the city on a Saturday or Sunday escape to one of the DMV’s numerous nearby vineyards. A lot of DC natives aren’t aware that Virginia and Maryland are home to many locally owned and operated wineries. Spending the day touring a vineyard and taking advantage of the tastings being offered by the winery you choose is the perfect way to spend a fall day out of DC. If you’re planning on visiting multiple vineyards and doing several wine tastings in a day you may want to look into the option of getting a car service, limo or party bus, depending on the size of your group. Read more [...]

Springfield, VA Market Report – 10/1/13

01 Oct
October 1, 2013 No doubt about it.  The real estate market is consumer driven. While the average home prices in Springfield continue to rise, days on market also rose from what I previously reported last time. It seems consumers took a step back from the home buying rush experienced earlier in the year. Did the increase in the interest rates have anything to do with it? I would say so.    August, 2013 August,  2012 July, 2013 Total Revenue $60,234,547.00 $45,171,488.00 $57,586,616.00 Average Sold Price $454,754.00 $390,939.00 $436,750.00 Units Sold 133 115 132 Average Days on Market 25 28 19 Active Listings 153 140 128 New Listings 147 122 162 New Pending Sales 100 139 126 Let's Read more [...]