With Thanksgiving a little more than a week away, Turkey Trot’s are springing up all over the United States. These footraces are held on or around Thanksgiving Day with a purpose that is two-fold. Americans are known for being indulgent when it comes to holiday food, so the 5k race is an effort to burn off calories before the big meal. The fun run is also a chance to benefit local charities, with some organizations providing turkeys and other festive holiday dishes to homeless and low-income families in their community.
If you’re looking to stay fit during the holiday season, consider the Vienna Turkey Trot. Celebrating its 11th year on Sunday, November 24, 2013, this race also offers
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.
Total Sales Volume
Avg. sold price
Do you live in Ashburn or are you considering selling? Now
Even though there was a nearly 114% increase in new listings, the real estate market in Bristow is still in the "Seller Zone". Buyers have been trying to take advantage of historically low interest rates before they rise again but cannot find a home in good condition to purchase without already having multiple offers!
Even the homes that are in poor condition have investors swarming over them with cash offers. August should show a slowdown in sales activity as families gear up for the start of the school year, but September may come back with a bang!! (Look for those numbers in early October)
Compare home sales for Bristow in July of 2013 to home sales in July of 2012:
The number of
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
20147 and 20148
The Ashburn market is “Red Hot!"
The total sales volume year over year is up 63%, sold units are up 47%, and the average sales is up 11% - all year over year. This amazing market trend is being driven by historically low interest rates, coupled with the lowest inventory in Northern Virginia in over 5 years. There is less than a 30 day supply of homes in the Ashburn market. The re-sales and new home sales continue to surge upward.
Total Sales Volume
Avg. sold price
Do you live
Buyers are asking, "Where can I find a home to buy in Northern Virginia"?
That's a good question, and I have the answer - "New Construction." With interest rates "still" at historic lows and the lack of inventory of available resale homes, buyers are streaming to new home builders.
"What does this do for homeowners in Manassas Park?"
In general, new construction drives resale home prices, so as builders raise their prices (happening now), it tends to pull resale values up also. Do I hear a "Come on new construction!?"
So, why are buyers flocking to new construction? It's simple - there is a lack of available homes for sale. The chart shows us there was a 20% decrease in new listings on the
The air has been crisp and cool in Washington this past week signaling that the month of October has finally come into its own. As the first true fall month of this area, the leaves are finally starting to change colors and jackets have become a permanent fixture when heading outside.
Not to mention, pumpkins are on everyone’s minds.
With just under two weeks until October’s festivities come to a close, time is dwindling to pick out the perfect pumpkin to scoop out the seeds for a quick fall treat and carve the rest into a ghoulish or silly jack-o-lantern.
In addition to having an awesome time hunting through pumpkin patches, families and other visitors to local area farms can be entertained
Gotta love those economists! A couple of months ago they were all on TV talking about the dreaded “Double Dip” for real estate. Now the local DC area economists are starting to talk about the impending housing shortage and what it is already doing to house prices. So what is the lesson here? Don’t listen to the experts. When you are ready to own your own place, or go buy a bigger one, Like Nike says, “Just Do It!”
Folks worried about falling prices and those wanting to make ridiculously low offers on real estate should look at the statistics. Prices bottomed out two years ago and having been moving up slowly and steadily since. The steal deals are long gone.
For close to a year, I have been saying that prices in Centreville were continuing to move up after prices bottomed out in December 2008. The increase in confidence paired with amazingly low interest rates fueled a growing trade up market where existing homeowners with equity started selling their house to buy a bigger one. This has helped pull up the average sales price.Even with only a four and a half month supply of houses, I expect the second half of this year to have fewer transactions than the first half because the First Time Homebuyer Tax Credit distorted the market.