Clearbrook Park's Spectacular Display of Lights: A Holiday Must-See!

12 Dec
December 12, 2013 Nothing says 'Christmas' like the illumination of brightly colored lights! In one of the greatest scenes from one of the greatest holiday movies, "National Lampoons Christmas Vacation," Clark W. Griswold gathers his family on the lawn to view the grand lighting of the family home's holiday lights. Clark exclaims, “Two hundred and fifty strands of lights, one hundred individual bulbs per strand, for a grand total of twenty-five thousand imported Italian twinkling lights…” “Walking in a Winter Wonderland” in Clear Brook, VA may not offer 25,000 bulbs on a single home, but the annual light show does have over 500,000 bulbs spread over a half-mile! It's a beautiful scene for all Read more [...]

Caroline County, VA Market Report – 12/9/13

09 Dec
December 9, 2013 Caroline County is an affordable area within easy commute of both the Fredericksburg and Richmond areas. An assortment of homes, from lakeside properties to new planned communities, make this area attractive choice for many buyers. The median home price in the county increased by 52.73% over last year at this time, and is up 6.7% from September. There were fewer homes on the market, another  indicator that lack of inventory helped boost prices. The largest sector of purchasers paid cash for their homes, but all other financing options are represented as well. If you’re thinking of buying or selling soon, consider jumping into the market early in 2014! Statistic Values YoY MoM Total Read more [...]

Leesburg, VA Market Report – 12/2/13

02 Dec
December 2, 2013 The Leesburg Market continues into the second year of strong growth, following a huge drop in average sales price influenced by the distressed sales of foreclosures and short sales. The overall year over year increase in sales price is up 14%, outpacing Loudoun County at 6%. Closed units remain strong at 11% year over year outpacing Loudoun County which remained steady. October 2012 October 2013 % change Avg. Sales Price $388,708 $444,381 14% Avg. DOM 70 63 -10% Total Unit Sales 92 104 11% Active listings 340 354 4% Pending Sales 194 159 -18%  Northern Virginia continues to enjoy the low inventories, even though interest rates have moved up slightly above the historic lows Read more [...]

New Outlets Come to NOVA, DC, & MD Just In Time for Holiday Shopping

26 Nov
November 26, 2013 Black Friday for the DC and NOVA area just got a little more convenient and a lot more fun with the grand opening of the new Tanger Outlets located at the National Harbor. With names like J. Crew, Michael Kors, Polo Ralph Lauren, and a Nike Factory Store opening just minutes from Arlington and Alexandria, and still very convenient to many other northern Virginia counties, holiday shoppers have less traffic than trying to deal with traveling down 95 to reach Potomac Mills, and a lot more shopping to look forward to this season. Black Friday at Tanger Outlets, National Harbor Technically Tanger Outlets’ Black Friday shopping spree is starting before Friday even begins. Shoppers can arrive at Read more [...]

Manassas, VA Market Report – 11/25/13

25 Nov
November 25, 2013 Over the past two months there has been a 70% increase of new inventory available to buyers in the City of Manassas. Is it something sellers should be concerned about? Absolutely not!  There are 14,053 homes in the City and as of Halloween night, only 87 are actively looking for a buyer.  That’s .0062% of homes in active status, very low inventory indeed! The graph below shows the amount of active listings over the last 5 years. The blue line represents new listings that came on the market. As you can see, active listing inventory has been pretty steady since 2009 with small peaks and valleys. Buyer interest, prices and interest rates are expected to rise again next year so we highly Read more [...]

Clarke County, VA Market Report – 11/21/2013

21 Nov
November 21, 2013 Clarke County is a great location for the Washington DC and Northern Virginia Commuter. It is only 60 miles west of DC and borders Loudoun County - the Nations Wealthiest County! The Median Sold price in Clarke is down 3.75% from this time last year. The average days on the market has dropped from 93 days down to just 81 days. Sellers are selling for 94.7% of their listed price which is much higher than last year when they were averaging just 93%. Clarke County is a planned open space community, residents can enjoy the "slow growth" country setting while still being just 20 minutes away from Loudoun's Tech Corridor. First time homebuyers can find affordable prices in Clarke, the average Read more [...]

Vienna/Dunn Loring, VA Market Report – 11/20/13

20 Nov
November 20, 2013 The warm weather has come and gone but the Vienna Real Estate market is still hot as we round out October. Statistic Values YoY MoM Total Sold Dollar Volume $22,325,707 +27.43% -37.68% Closed Sales 23 +4.55% -42.5% Median Sold Price $950,000 +23.18% +14.81% Avg Sold Price $970,683 +21.89% +8.38% Avg Days on Market 33 days -26.67% -32.65% Avg Sold to Orig List Ratio 96.29% +0.48% -1.69% Homes are staying on the market for a shorter amount of time than last year and sold prices are up a healthy 8 percent. For only having 2 months worth of inventory on the market you can see that we are out selling what is available.  Interest rates Read more [...]

11th Annual Vienna Turkey Trot

19 Nov
November 19, 2013 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 Read more [...]

Chevy Chase, MD Market Report – 11/13/13

13 Nov
November 13, 2013 Breaking down the statistics below a bit more and looking specifically at Single Family Detached homes in the Chevy Chase area, the median sold price for Detached properties for September was $942,000, representing a decrease of 2.4% compared to last month and a decrease of 33.7% from Sep 2012. The average days on market for units sold in September was 30 days, 54% below the 5-year September average of 65 days. There was no month over month change in new contract activity with 15 New Pendings; a 6.3% MoM increase in All Pendings (new contracts + contracts carried over from August) to 17; and a 44.7% increase in supply to 55 active units. This activity resulted in a Contract Ratio of 0.31 pendings Read more [...]

Arlington County Market Report – 11/12/13

12 Nov
November 12, 2013 As we enter the winter market there is good news for buyers. Inventory is growing and interest rates have not increased. It's a great time to think about buying that home you always wanted. While property values are increasing monthly, if you've wanted to sell but didn't because you think you're underwater with your home loan, now would be a good time to find out. A large number of sellers are pleasantly surprised to learn they won't have to short sale their home now. Are you one of them? Homes are selling, in some areas within days and with multiple offers. If it looks good and it's priced right it's selling. Whether you're thinking of buying or selling you owe it to yourself to get the facts. September, Read more [...]