Not All News Is Bad!: Ashburn, Leesburg, Sterling Neighborhood Stats
March 19th, 2008 Categories: Loudoun County, Market Statistics
There is a lot negative information out there concerning the real estate market. But after researching specific neighborhoods in Loudoun County today I was encouraged to see that things are looking up for sales this month. I have seen more activity over the last month that I have in a long while, and I am not the only one.
Here are the neighborhood stats for some the most popular neighborhoods in Loudoun County including: Ashburn Village, Ashburn Farm, Belmont Country Club, Brambleton, Broadlands, Lansdowne, River Creek, South Riding, Cascades, and Countryside.
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These stats have been put together by me and taken from MRIS.com. The stats do not include condos or some new home sales. All information is deemed reliable but should be verified for accuracy.
If you are looking to purchase a home in Ashburn, Cascades, Broadlands, Brambleton, Belmont, River Creek, Lansdowne, or Countryside I am a full time Realtor and would be happy to assist you. Feel free to contact me here.
To search for homes for sale in Northern VA click here.
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Loudoun County February Home Sales Stats
March 12th, 2008 Categories: Loudoun County, Market Statistics
I attempt every Wednesday to keep you up to date with market stats. This week I am covering Loudoun County market stats.
I found these stats to be pretty encouraging since I am a Loudoun resident.
A few good notes:
- There was an increase in home sales this month!
- The days on market have continued to decline.
- There was an increase in active listings. This is obviously not good. However, a large percentage of these listings are in a stage of foreclosure. We have to get through them before this market completely heals itself.
- There were fewer new listings this month. Less supply* More demand*
- There was a 10% increase in contracts (pending sales)!
Hang in there Loudoun. We are going to ride this thing out!
To search for homes in Loudoun County click here.
If you are looking for a Realtor who sales homes in Loudoun County in the Ashburn, Sterling, Cascades, Leesburg, Purcellville, Round Hill, Hamilton areas you can contact me here.
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Related Articles:
The Numbers: Loudoun County Statistics
Fairfax and Arlington January 08 Statistics
Stats were taken from the Dulles Association of Realtors. All information is deemed reliable but should be verified for accuracy. Stats do not include listings not uploaded in to MRIS.
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Rental Prices Are On The Rise!
March 5th, 2008 Categories: Fairfax County, Market Statistics
After looking over the prices of rental properties around the beltway I thought you would be interested to know that rental prices are on the rise.
Here is a graph that I put together showing the prices of Arlington County, Fairfax County, Fairfax City, and Falls Church City for the final quarter of last year
If you read my article about the 4 stats buyers should know, you heard me speak about how many people statistically should have purchased a home in the last couple of years but have not. Well, these people have to have some where to go. It appears that a large portion of them have decided to go back to renting.
Falls Church City has not only seen the largest price increase in rentals, they are the only one that saw their rental properties filled in a shorter amount of time than in the 3rd quarter of 2006.
As a Realtor I have been able to assist many people in renting out their home. If you need some help renting out your home in Fairfax, Arlington, or Loudoun you can contact me here.
Other Great Articles
4 Statistics Waiting Buyers Should Know
A 2003 Northern VA Housing Flashback
(I pull these stats by quarter so I do not have this years info on rentals yet- sorry). My information comes from NVAR. All information is deemed reliable but should be verified for accuracy.
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Fairfax and Arlington January 08 Statistics
February 27th, 2008 Categories: Fairfax County, Market Statistics
If you are going to participate in the latest watercooler gossip, it is important that you have your facts together.
I have put together the latest stats in a pretty easy format to use thanks to NVAR’s help. Using this information correctly could help you to gain major status, more friends, and you may soon be signing autographs!
These stats cover Fairfax and Arlington’s County statistics. If you are interested in what is going on in Loudoun County you can check out their numbers by clicking HERE.
If you are interesting in re-locating to the area of Fairfax, Loudoun, or Arlington Counties I would be happy to assist you. You can contact me HERE.
Other Interesting Articles:
The Numbers: Loudoun County Statistics
4 Statistics Waiting Buyers Should Know
(Note: Statistics were pulled from information recieved from NVAR. Figures are based on data extracted from the Metropolitan Regional Information System, Inc (MRIS). The information is deemed reliable but not guaranteed. Data maintained by MRIS may not reflect all real estate activity in the market.)
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4 Statistics Waiting Buyers Should Know
February 20th, 2008 Categories: Local Issues, Market Statistics
There is a lot that economist look at when forecasting the growth or decline of a real estate market.
Here are four stats that reveal the PENT UP activity taking place in our current market taken from the past couple of years. These stats are taken from an article written by Lawrence Yun, Cheif Economist with the National Association Of Realtors. You can read the whole article here.
1. Net job gains have increased by 4.3 million according to both company payroll data and household survey data.
2. U.S. aggregate personal income has risen by $1.4 trillion over the past two years.
3. These job gains should have translated into 2 million additional homeowners, however there were only 600,000. During the same time period, housing affordability has improved, income has risen, and conforming mortgage rates are near a historic low.
4. With normal population and job increases, household formation typically expands by 1.2 million to 1.5 million a year.
These stats obviously reveal that many buyers are holding out for the right time to buy. The question is, what will be their sign? When will they know it is time to buy?
My assumption is that we will not see a huge increase in purchasers until they see that prices are stabilizing.
Lawrence Yun, Cheif Economist says, “Though pent-up demand clearly exists, it is still tricky to anticipate when a meaningful recovery will take place. I do not foresee any major existing-home sales declines from this point onwards, but sales could remain at their current soft pace for a while. Will it be spring or summer or fall when we will see a notable pick-up in home sales? Difficult to say, but it will happen in 2008.”
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