Aug 11 2008
Fairfax Real Estate Market Statistics
Average Sales Price, Average Days on Market and Total Active Listings
Click below for more detailed charts …
Archive for the 'local market' Category
Aug 11 2008
Loudoun Real Estate Market Statistics
Average Sales Price, Average Days on Market and Total Active Listings
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Aug 11 2008
Arlington Real Estate Market Statistics
Average Sales Price, Average Days on Market and Total Active Listings
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Jul 29 2008
Does Your Hometown Rank On Money Magazine’s Top 100 Places To Live in 2008?
Move to Plymouth, Minnesota, says Money Magazine in its 2008 100 Best Places To Live survey.
According to the report, the Twin Cities satellite has all of the makings of a desirable home town:
- Affordable homes
- Excellent schools
- Low crime
- Lots of jobs
- Abundant “outdoor life”
The top 5 cities as listed by Money Magazine are the aforementioned Plymouth, Fort Collins (CO), Naperville (IL), Irvine (CA), and Franklin Township (NJ).
So did anything in Northern Virginia make the list?
Of course it did …
19. Hunter Mill, Virginia - near Vienna and the Wolf Trap National Park. Noted were the proximity to DC and it’s access to local amenities without the hustle and bustle of NoVA traffic.
25. Sully, Virginia - located near the Dulles Corridor and Rt. 28. Noted were the affordable homes and convenient location near jobs and entertainment.
31. Burke, Virginia - of course this area made the list because of the family-oriented community that surrounds Burke Lake.
37. Reston, Virginia - noted were the abundance of activities, trails, lakes and entertainment that come with this planned community.
The 100 Best Places To Live survey is also sortable by specific metrics, including housing affordability, job growth potential, and cleanest air.
Jul 14 2008
Fairfax Real Estate Market Statistics
Average Sales Price, Average Days on Market and Total Active Listings
Click below for more detailed charts …
Continue Reading »
Jul 14 2008
Loudoun Real Estate Market Statistics
Average Sales Price, Average Days on Market and Total Active Listings
Click below for more detailed charts …
Continue Reading »
Jul 14 2008
Arlington Real Estate Market Statistics
Average Sales Price, Average Days on Market and Total Active Listings
Click below for more detailed charts …
Continue Reading »
Jul 07 2008
10 Cities That May Be Signaling That The Worst Of Housing May Already Be Over
Last week, Forbes Magazine published a Top 10 list that should grab the attention of housing market bottom-feeders.
The Top 10 list of Increasingly Affordable U.S. Housing Markets shows that falling home prices and steady mortgage rates are providing a support floor in some of the country’s most beat-up regions.
The report’s methodology is simple:
- Take citywide income data as reported by HUD
- Match it against purchase prices from court records
- Run the math using “prevailing interest rates” from Wells Fargo
A city is considered “more affordable” if increasing numbers of “average families” can afford “average homes”. It’s not surprising, therefore, that the Forbes list is dominated by cities in which home prices have plummeted over the last year, and in which the economy is relatively sound.
This may suggest that a housing rebound is already underway in several of the cities listed as Increasingly Affordable U.S. Housing Markets, including:
- San Diego, CA
- Orlando, FL
- Riverside, CA
- Phoenix, AZ
- Las Vegas, NV
- and YES our very own Washington, DC metro area
The report noted that in the DC area 57% of homes are affordable for the median household. That figure compares to 37% in 2007. Of course the main contributor to the new found affordability in our area is the 13% decline in housing prices since the same time last year.
It’s a tough time for those that have to sell their homes now - but for those of you that have been complaining about the outrageous home prices in this area … here is your chance.
Read the complete study and its results at Forbes.com.
(Image courtesy: Memorable San Diego Vacations)
Jun 12 2008
Fairfax Real Estate Market Statistics
As expected the average days on market is continuing its seasonal decline into the month of June with the increased activity during the summer months. What is interesting to see here is that the average price for houses that have sold has been stable since January of this year. I’m not going to speculate as to whether we have reached a bottom as far as price is concerned, but at the very least we have hit a plateau.
