by @HomeInLoudoun on January 26, 2012
Wow! The townhome and condo inventory is low, low, low right now! OK, so given past performance of the seasonal market, that may not be such a big news flash. However, with the mild weather around the DC area this winter, more buyers than usual are out home shopping, jumping the gun on the spring market. Low supply and higher demand can be good news for sellers.
The market continues to recover from the wild roller coaster ride last decade and much of the market is still in the buyer’s favor, but right now appropriately-priced and well-maintained townhomes and condos are moving relatively quickly when they come to market.
by @HomeInLoudoun on October 17, 2011
In the question of “How’s the Northern Virginia real estate market?”, home price is always first and foremost on the minds of buyers and sellers. Here, we present the latest market stats for Single Family homes as well as Townhomes/Condos in two of the most popular counties in No VA: Loudoun and Fairfax. The four lines on each chart represent the quartiles for which statistics are tracked. Each quartile represents a price point in the housing market.
Prices for Loudoun County single family homes as well as condos & townhomes have been relatively flat since the summer. Heading into the Fall real estate season, that is still good news for sellers who missed the busier Spring/Summer seasons. Prices currently remain stable thanks in part to favorably low interest rates. Fall is a popular time for home buyers as many are trying to get settled in before the cold weather and winter holidays. Buyers, it may be the time to jump in while prices and interest rates are still relatively low, and before the Spring home-buying rush.
Single family home prices in Fairfax County have remained relatively stable through the Summer and into the Fall, with the luxury home market regaining some of the ground lost earlier in the year. Condos and townhomes in Fairfax County have stayed relatively stable but records show a bit more volatility in price than neighboring Loudoun County. Of note, prices in Fairfax County are, on average, higher than Loudoun Co. given it’s closer proximity to Washington, D.C. Additionally, many of Fairfax’s close-in suburbs of the nation’s capital, have remained relatively immune to the national real estate market’s roller coaster ride over the past 5 years.
Interested in receiving more detailed market information for a particular area in Loudoun County or Northern Virginia? Contact Lisa Cromwell of RE/MAX Select Properties at 703-999-6535.
by @HomeInLoudoun on July 21, 2011
Prices for Loudoun County single family homes as well as condos & townhomes have been slowly but steadily trending upward since the winter. For sellers, that’s encouraging news considering we’ve just passed the traditionally busy spring/summer real estate season. Buyers, it may be the time to finally jump in while prices are still relatively low.
Single family home prices in Fairfax County have remained relatively stable through the spring and early summer, with the exception of the luxury home market which saw a minor decline. Condos and townhomes in Fairfax County saw a minor dip in prices in the winter but have steadily climbed towards Fall 2010 levels again through the spring and summer markets. Of note, prices in Fairfax County are, on average, higher than Loudoun Co. given it’s closer proximity to Washington, D.C. Additionally, many of Fairfax’s close-in suburbs of the nation’s capital, have remained relatively immune to the national real estate market’s roller coaster ride over the past 5 years.
Interested in receiving more detailed market information for a particular area in Loudoun County or Northern Virginia? Contact Lisa Cromwell of RE/MAX Select Properties at 703-999-6535.
by @HomeInLoudoun on May 26, 2011
