How many times are you going to hear "You may be missing the boat if you want to buy real estate"?
Yes, interest rates are going up, making your buying power less. You'll see from the following statistics that home prices are increasing, but it is still "A GREAT DAY FOR REAL ESTATE" because in the past, we've seen interest rates higher and home prices higher still.
Just don't wait too long if you really want to buy something. Traditionally, prices continue to rise and if you buy now, you'll be able to say "I got a great price at great terms!"
Average Sold Price
Home sales and prices in the city of Alexandria are doing what they normally do this time of year. Housing inventory is shrinking because of the holidays.
Too bad more sellers aren't taking advantage of the law of supply and demand. Buyers are out there looking for homes, but the pickings are slim at the moment. It appears homes coming on the market are sold within days for top dollar and those sellers taking advantage of this market have something to celebrate right now.
Of the 145 units sold in October, 59 were sold and under contract within 10 days. An additional 22 units sold within 20 days!
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.
When we write about statistics for Alexandria, we're talking about all home sales in the city of Alexandria. They encompass detached, semi-detached, townhomes, condominiums and coops. Regardless of what you choose to live in - prices are on the rise and days on the market are decreasing.
These statistics are an indication that we've had an active Spring market and a lot of buyers have taken advantage of the low prices and low interest rates. Sellers have seen that their homes are worth more than they were a year ago and have taken advantage of selling at higher prices. It appears the bottom of the market was over a year ago and we are in an ascending market once again.
The statistics for the city of Alexandria encompass a large area. Just since March, when I wrote my last post about Alexandria City, the median sold price has increased by $76,400.00. Could this be an indication that the market is finally turning around?
Inventory is down. Prices are up 2.1% from last year. Interest rates are at an all-time low. Do you think now would be a good time to buy? Think YES.
One of the most popular trends in cuisine in recent years has been the localization of food. Restaurants now import ingredients from as small a radius as possible—in an effort to reduce their carbon footprint—and they gladly boast their sources right on their menus.
Many people insist the best way to spend New Year’s Eve is to go to Times Square in New York City. But why leave Washington, D.C. when there's plenty to do here!
In the greater Washington, D.C. area, there are many unique ways—different from what you may be used to—to ring in 2012.
With all the uncertainty and conflicting reports about how and when the housing market will return to some form of normalcy, Alexandria has remained an attractive option for first time buyers, and investors.
Thanksgiving week has arrived and most of us are ready to wrap up our short workweek and enjoy a long weekend filled with turkey feasts, football and family.
If the tryptophan doesn’t leave you in a lazy nap filled coma, and you’re looking for an excuse to get out of the house this weekend I’ve discovered a hidden gem in Old Town Alexandria.