Tag Archive for: VA

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 [...]

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 [...]

Lorton, VA Market Report – 7/4/13

04 Jul
July 4, 2013 Sellers are asking, "Is this a good time to sell my home in Northern Virginia?" Good question, and I have the answer:  ABSOLUTELY!!  Just look at the housing report below, comparing sales activity for May 2013 against May 2012. Sold prices jumped an average of 22% for all home types (single family, townhome, condo) with the largest jump for townhomes and condos at 27%, or $70,000.  But wait - detached single family homes sold for over $108,000 more than last year, too! I call this the "Big Bounce Back" from the price drop of 2007-2009. Check out the stats below then go to the next question sellers are asking...   May   2013 2012 +/- New Listings 67 55 21.82% Active Read more [...]

Springfield, VA Market Report – 6/11/13

11 Jun
June 11, 2013 The Springfield market is showing an active selling season despite all the rain we've been having.  You'll notice property prices continue to rise and buyers are taking advantage of the lowest interest rates in years.  It's the perfect storm, and clients are listening and taking advantage in the Springfield area. Our future sellers will be happy to note that our average "days on market" came down to 15 days in May.  Homes are selling within days of coming on the market, some with multiple offers and going above asking price.    May 2013 May 2012 April 2013 Total Revenue $70,096,719.00 $45,317,345.00 $44,793,649.00 Average Sold Price $458,520.00 $389,293.00 $434,426.00 Units Sold 153 116 106 Average Read more [...]

Manassas Park, VA Market Report – 6/10/13

10 Jun
June 10, 2013 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 Read more [...]

Ashburn, VA Market Report – 4/27/10

27 Apr
April 27, 2010 It’s that time of the year when more houses come onto the market and this year is no exception. Ashburn has a great selection of homes and almost all of them are under 15 years old–the approximate age of the entire area. The greatest thing about Ashburn is that it is flush with such a huge diversity of homes, an individual or family can keep trading up or down in size and style without ever changing grocery stores! Read more [...]

Ashburn, VA Market Report – 3/23/10

23 Mar
March 23, 2010 When you consider that there were only about 20 selling days in February due to the two record back to back snow storms, to have more sales in February 2010 than 2009 speaks to the sense of urgency that buyers have as confidence returns to consumers in the Greater Washington, DC area. Read more [...]

Manassas Park, VA Market Report – 2/3/10

03 Feb
February 3, 2010 Manassas Park City is located in Northern Virginia, and is nestled in between Manassas City and Prince William County. It is a mixture of old post World War II homes and new homes. Manassas Park is strategically located close to Virginia Route 28 and the Prince William Parkway, which makes it an easy commute to Fairfax, Woodbridge, and points west of Prince William County. Read more [...]

Caroline County, VA Year-End Market Report – 2/1/10

01 Feb
February 1, 2010 In Caroline County, closed sales increased 45.5% and the average days on market decreased 53.3%, which is great news. Homes that are priced right, in good condition, and in a good location are starting to sell much quicker. The percentage of original sales price increased 9.6%, meaning sellers are receiving much better offers. Read more [...]

Prince William County, VA Market Report – 1/28/10

29 Jan
January 29, 2010 December 2009 had 635 listings ,down 33% from 952 in 2008. For the entire year in 2009, there were 11, 312 listings, down 33% from almost 17,00 from the previous year. Meanwhile, 542 homes closed in 2009, compared to almost 1,000 in 2008. A total of 8,654 homes closed in all of 2009. Read more [...]