Northern VA Market Statistics
*Note* Statistics are always show 1 month behind for the purpose of collecting accurate data for the full month.
Two Tips For Two Twelve
January 3rd, 2012 Categories: Market Statistics, opinion
Real Estate is often the chatter around the office water cooler. It is one of those subjects where every one sounds like an expert and every one leaves feeling more fearful than before the conversation began. I want to offer you two tips for this new year that will give you more sleep at night and help you know more than the guy with all of the answers…
- Know Your Local Market!
There is nothing more local than real estate. WHAT IS HAPPENING ELSEWHERE IS NOT HAPPENING TO YOUR AREA. You would be a fool to make an investment decision based on some other market’s activity. In other words… Stop listening to CNN’s forecast of the real estate market for 2012! Find out what is happening locally. Where? Start by watching my monthly videos updates on the right hand side of my page listed under MARKET STATS!
- Understand That Your Home Is Not Your Investment!
All of us want our homes to increase in value. We want to feel that we were able to get a good deal that will pay off in the future. The problem is that many of us begin to view our homes as the nest egg that we are going to ride in to retirement like a lucky lottery ticket. When we view our home this way, we loose sleep at night watching the market and upset when we see our neighbors home listed as a foreclosure or short sale knowing that we just got hosed. Listen to me!
Make improvements in your home that increase it’s value like an investor. But unless you are planning to flip or rent your home out… stop thinking of it as an investment! It is not. It is your home. Enjoy it!
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The Northern VA Local Market Is Doing Just Fine…
November 8th, 2011 Categories: Ashburn, Market Statistics
It is unfortunate that most people get their real estate opinions from the national news. If you do, you probably would not know that we are experiencing some of the best market conditions in the nation!
Really? Yes, really… An article put out by Businessweek.com reveals that 9 of the top 25 best local markets in the nations are in Northern VA alone! Here is the list…
4 – Burke, Virginia
5 – Vienna, Virginia
6 – Herndon, Virginia
8 – Ashburn, Virginia
9 – Reston, Virginia
11 – Chantilly, Virginia
13 – McLean, Virginia
19 – Sterling, Virginia
24 – Leesburg, Virginia
You can view the article for yourself here- America’s Best And Worst- Performing Housing Markets.
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The Bottom Of The Market And Where We Are Now
September 21st, 2011 Categories: Market Statistics
Every year I attend an economic summit with some of the best minds in our national and local economy. One of the most interesting pieces of data that I saw this year was a chart showing where we are since we hit the bottom statistically in 2009. Disclaimer… Be careful to not look to closely at these percentages as they are county wide numbers. Your specific property may have not followed the exacted trend of your county.
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Latest Northern VA Home Sale Stats
September 16th, 2011 Categories: Market Statistics
Check out the latest home sale stats for Loudoun, Prince William, and Fairfax County below!
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Is This A New Market For Northern VA?
January 27th, 2011 Categories: Market Statistics, opinion
The median sales price of Loudoun County homes in December of 2009 was $352,000. In December of 2010 they were surprisingly close at $352,200. Most of us will choose value stabilization over the roller coaster cycle of the past economic years. However, this is Northern Virginia, not small town North Carolina.
Is this the beginning of a new kind of market for us? Are the years of boom and bust over? Or should I say, will some of us ever regain the equity in our home? Your thoughts?
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