Archive for the ‘Local Market Updates’ Category:

Lake Ridge TH Prices Make Steady Climb

By Cindy Jones on May 18th, 2010
Lake Ridge TH Prices Make Steady Climb
Over the last year buyers have flocked to the Lake Ridge neighborhood in Prince William County to find affordable townhouses. With 269 townhouses sold during the five quarters of data reviewed there isn’t much doubt that buyers have discovered the advantages the Lake Ridge neighborhood has to offer. Sales have been steady since January 2009 ... [Continue Reading]

Do You Have Questions About Short Sales?

By Cindy Jones on May 5th, 2010
Do You Have Questions About Short Sales?
Despite rumors that Northern Virginia short sales are being approved and closed in 10 days it isn’t true.   Since the introduction of a new government program Home Affordable Foreclosure Alternatives Program or HAFA on April 5, 2010 there has been a lot of misinterpretation of the guidelines by both buyers and sellers. One of ... [Continue Reading]

Let the Normal Market Begin in Northern Virginia

By Cindy Jones on May 1st, 2010
Let the Normal Market Begin in Northern Virginia
After extended tax incentives and great deal of media hype about the “best time” to buy a home, today is the time to celebrate the coming of a normal real estate market in Northern Virginia. A quick check of the MRIS for our area showed that the last minute rush was on.   The chart shows ... [Continue Reading]

Northern Virginia Market Watch

By Cindy Jones on March 2nd, 2010
Everyone, okay maybe not everyone but a great number of homeowners and prospective homeowners in Northern Virginia are keeping a close eye on the Northern Virginia real estate market. In general the area has seen some signs of delicate recovery. Last week I took a look at look specifically at Woodbridge inventory in Prince William ... [Continue Reading]

Is Woodbridge Inventory Low or Are We Imagining It?

By Cindy Jones on February 26th, 2010
Is Woodbridge Inventory Low or Are We Imagining It?
There is constant chatter among agents and buyers that the inventory for detached homes in Prince William County is at an “all time low.” Though Woodbridge inventory for detached homes and townhouse is down from the 2008 and 2009 it isn’t at an “all time low” for this decade. What makes the lower inventory harder ... [Continue Reading]

Multiple Offers-Their Back!

By Cindy Jones on August 19th, 2009
Multiple Offers-Their Back!
When the market was sizzling hot in 2003-2005 buyers and their agents worked hard to come up with creative ways to get their offers noticed. Escalation clauses, waiving contingencies and fresh baked chocolate chip cookies arrived with hand delivered offers. During 2006-2008 the market changed and the buyers had the upper hand. Lowball offers, multiple ... [Continue Reading]

Home Sales Take a Bounce in NOVA

By Cindy Jones on May 15th, 2009
Home Sales Take a Bounce in NOVA
According to NVAR ( Northern Virginia Association of Realtors) the volume of home sales in April edged upwards by 6.12% from a year ago.  Better yet pending home sales are up 24.8%.   With inventory numbers still lower than anticipated,  low interest rates and for some the option of the $8000 tax credit some buyers ... [Continue Reading]

Let the Bidding Wars Begin Again in Prince William County

By Cindy Jones on April 12th, 2009
Have the prices in PW County (VA) finally hit bottom?  Have the lower interest rates sparked new interest in home ownership?  Has the $8000 tax credit finally gotten buyers off the fence? Whatever has happened the bidding wars to buy lower priced properties in Prince William County are back and going to strong.  Look at ... [Continue Reading]

PW County Inventory-What's Missing from our Numbers

By Cindy Jones on March 19th, 2009
PW County Inventory-What's Missing from our Numbers
Currently the MRIS data shows that the number of new listings in our area is down. This chart shows Prince William County inventory for Feb 2009 as compared to Feb 2008. Okay this should be good news. However along with every set of data comes the back story. In the case of lower inventory some ... [Continue Reading]

Northern Virginia Market Reports-Get the Data Right

By Cindy Jones on October 7th, 2008
Northern Virginia Market Reports-Get the Data Right
We hear the doom and gloom on the real estate market everyday on the news.  We remind ourselves and our clients regularly that all real estate is local and what they read in the Wall Street Journal may not translate to their neighborhood.  So when we make the decision to post a market report about ... [Continue Reading]
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The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.

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