Archive for category: Market Reports

Sterling, VA Market Report 11/5/13

05 Nov
November 5, 2013 In 2012, the Sterling Market was caught in the Short Sale and Foreclosure trend, particularly the Sterling Park area. 2013 has seen a great resurgence of the overall market trends of Loudoun County and Northern Virginia, and inventories remain at record lows as the demand continues to outpace the supply. September 2012 September 2013 % change Avg. Sales Price $311,552 $389,795 25% Avg. DOM 24 27 1% Total Unit sales 83 108 30% Active listings 161 200 24% Even though interest rates have moved up slightly, they have leveled off and show a slight fall back towards previous record lows. What a great time to sell and enjoy the recovery of equity in your home. Thinking about selling, Read more [...]

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 [...]

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 [...]

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 [...]

Bethesda, MD Market Report – 9/30/13

30 Sep
September 30, 2013   Statistic Values YoY MoM Total Sold Dollar Volume $16,083,200 +52.17% -37.42% Closed Sales 18 +50% -43.75% Median Sold Price $862,000 +2.01% +8.91% Avg Sold Price $893,511 +1.44% +11.26% Avg Days on Market 18 days -57.14% -35.71% Avg Sold to Orig List Ratio 99.06% +2.1% -0.1% The statistics in the chart above reflect the total Real Estate market, including Condos, Townhomes and Detached Single Family homes. Since the majority of the business in this part of Bethesda is in the Detached Single Family area, I will be drilling down and discussing these numbers specifically.  DETACHED SINGLE FAMILY:  In the 20816 area of Bethesda, Read more [...]

Manassas, VA Market Report – 9/26/13

26 Sep
September 26, 2013 Over the past two months there has been an increase in new listings coming on the market in the City of Manassas. Compared to August of 2012, this is an increase of 54% in new inventory available to buyers. Is this something sellers should be concerned about? Absolutely not!  We are still in a “Seller’s Market”. Let’s go back in five year increments and look at the inventory and average sales price history for August: 2008 (NL) 126, (ASP) $168,234;  2003  (NL) 83, (ASP) $227,429;  1998  (NL) 67, (ASP) $149,930.  One more number to throw out there, the number of active listings at the end of August this year is 75, in 2007 it was 599.  As you can see, sellers should be very happy Read more [...]