Northern Virginia Real Estate Market Report for January 2012 – Video
Houses are being snapped up quickly. There are officially more buyers than there are sellers, so in case you didn’t get the memo…we’re in a sellers market.
Northern Virginia Real Estate Market Report for January 2012 – Video
February 15th, 2012 tamzoo Posted in Market Reports, Statistics, Videos No Comments »
Northern Virginia Home Sales Stats for December 2011 – We’re In A Sellers Market
January 21st, 2012 tamzoo Posted in Market Reports, Statistics No Comments »
Northern Virginia Home Sales Stats for December 2011 -
We’re In A Sellers Market
National doom and gloom? Who knew that Northern Virginia was in the middle of a sellers market? According to the real estate sales statistics for December 2011, that’s the real deal. Here’s the video:
Alexandria (City) Va Real Estate Sales and Market Report for October 2011
November 12th, 2011 tamzoo Posted in Market Reports, Statistics No Comments »
Alexandria (City) Va Real Estate Sales and Market Report for October 2011
For the month of October 2011, there were 138 homes that sold in Alexandria City, with sales totaling $59,725,362. The median sales price for homes was $385,500 and the average sold price was $432,792. On average homes stayed on the market for 67 days and were sold at 95.1% of their asking price.
Mouse over the interactive chart below and you’ll see that sales in October 2011 came back from a three month decline. In July there were 186 homes sold, in August 166, and in September there were 124 homes that sold. Distressed sales (Alexandria foreclosures and short sales) continue to play a minimal role in the overall market. In October, there were only 13 foreclosures that sold, and 9 short sales.
What was the effect of the median sales price for homes in Alexandria City for October 2011? Since April, the median sales price of homes has been teeter-tottering. It been up one month, down the next. In May, the median sales price peaked at $493,000; in October, the median sales price was down to $385,500.
Did Alexandria City homeowners just give their properties away in October 2011? Traditional homeowners didn’t, but in transactions that involved the banks, the buyers were able to negotiate the prices down. In October, home sellers received 95.10% of their original asking price. Properties that were bank owned foreclosures got 93.32% of the original asking price, and short sales were sold at 89.37% of the original asking price. This supports that the ‘deals’ are still in the Alexandria short sales and foreclosures.
Northern Virginia Market Watch Video for September 2011
October 13th, 2011 tamzoo Posted in Market Reports, News, Statistics No Comments »
Northern Virginia Market Watch Video for September 2011
Reiterating that all real estate is local, and the local forecast continues to outperform the national real estate market. Pending sales were up from last September. In September 2010, the number of pending sales was 2,231 and for September 2011 the number of pending sales was 2,394, an increase of 7.3%. Rock bottom interest rates continue to add fuel to the desire to make a home purchase. The number of homes for sale decreased. In September 2010, there were 11,802 homes on the market, while the number dropped to 9,130 this past September. The median sales price increased from $350,000 in September 2010, to $362,000 in September 2011.
See Also – Northern Virginia Market Watch for July 2011
Del Ray Real Estate Market Report Alexandria VA – September 2011
October 6th, 2011 tamzoo Posted in Buyers, Sellers, Statistics No Comments »
Del Ray Real Estate Market Report Alexandria VA -
September 2011
How many homes sold in the Del Ray area during the month of September 2011? Remember that the Del Ray area covers zip codes 22301 and 22305. So let’s start with the zip code of 22301. Take a look at the interactive chart below and use your mouse to roll over the different points. In September 2011, there were 13 homes that sold in the Del Ray zip code of 22301, this was down from 17 homes that sold, both in the months of July and August.
In the zip code of 22305, sales were up two units from 10 in August, to 12 in September.
How did the two zip codes compare when it comes to the median sales price? In the Del Ray zip code of 22301, the median sales price increased from $525,000 in August 2011 to $680,000 in September. In the Del Ray zip code of 22305, the median sales price also increased from $388,500 in August 2011 to $542,500 in September 2011. Some home sellers in Del Ray saw a decrease in the average days on market. In 22305, the time it took to sell a home in Del Ray went from 48 days in August 2011, down to 41 days in September. However, in 22301, homes stayed on the market longer, going from 47 in August 2011, to a whopping 98 days in September.
If you are thinking about selling your home in Del Ray, please call me at 703-623-8759. If you’re thinking about buying a home in Del Ray, here are the newest listings to hit the market:
Should I Sell My Del Ray Home During The Fall – A Seasonal Comparison
September 1st, 2011 tamzoo Posted in Del Ray, Market Reports, Statistics No Comments »
Should I Sell My Del Ray Home During The Fall – A Seasonal Comparison
Have you been asking yourself, “Should I sell my Del Ray home during the fall?” The flowers may not be blossoming, but the when the leaves change, so does the Del Ray real estate market. Take a look at the market statistics for the previous two years for real estate in the zip code of 22301. Use your mouse to scroll over the different points in the interactive charts below.
You’ll notice that the historical ‘spring spike’ is blatantly obvious for both years. For example, after stagnating at 11 home sales in January and February 2011, home sales increased in March to 19 sales, then dipped a bit down to 16 in April, and peaking in May with 23 home sales. The spring market of 2010 had a sharper spike in spring sales increase from 4 in March, to 12 in April, to 26 in May. But when you compare the spring market to the fall market, you’ll notice a smaller upward trend in the fall.
In the fall of 2009, September and October had the same number of homes sold at 14, only increasing in November to 17 before declining in the winter. In the fall of 2010, homes sales steadily increased from 5 in September, to 8 in October, then 16 in November, and capping at 19 in December before slowing down. Now, lets compare with the zip code of 22305, which also includes Del Ray, Beverley Hills, and Warwick Village.
In the fall of 2009, September and October had the same number of homes sold at 14, only increasing in November to 17 before declining in the winter. In the fall of 2010, homes sales steadily increased from 5 in September, to 8 in October, then 16 in November, and capping at 19 in December before slowing down. Now, lets compare with the zip code of 22305, which also includes Del Ray, Beverley Hills, and Warwick Village.
In the fall of 2010, home sales in 22305 were at 6 in September, then increased to 9 in October, and inched up to 13 in November before declining. In the fall of 2009, homes sales in 22305 went from 9 in September, to 11 in October, to 19 in December. Spring sales activity in 22305 was very vibrant.
So, should you sell your Del Ray home this fall? There’s no time like the present (except spring time of course). But Del Ray homeowners should also feel confident about selling during the fall knowing that fall/winter buyers are more motivated by time and usually have some type of deadline that is pushing their move, such as a relocation and job start date, and the desire to be closed before the winter weather sets in.
Northern Virginia Market Watch Video for July 2011
August 9th, 2011 tamzoo Posted in Market Reports, Statistics, Videos No Comments »
Northern Virginia Market Watch Video for July 2011
So what’s the real estate market like in Northern Virginia for July 2011? Here’s the latest video that details the statistics for the region. Based on sales data, inventory levels plunged, median sales price increased. Are we experiencing a sellers market here in Northern Virginia? Watch the video and see for yourself.
