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Snow Doesn't Slow Spring In Real Estate

Snow Doesn't Slow Spring In Real Estate

The first day of Spring is still a few weeks away, and we have a ton of snow on the ground; but if you take a look at home sales in Northern Virginia, you'll see that the Spring market is already in full swing. (We know this anecdotally from our own listings & sales, but let's take a look at the statistics.)

What SOLD In January & February?

Honey, I Shrunk The Real Estate Market!

Honey, I Shrunk The Real Estate Market!

If you’re actively looking to buy or sell a home in Northern Virginia right now, then you are very aware the market is tight. We have a LONG list of buyers looking for homes. And many Sellers who go on the market are selling quickly. Last Friday we put a home on the market and by Sunday we had 6 contracts. The home sold for almost 5% above list price!

In 2013, the market was also tight in many areas. But we were curious how this year compares to the past. So we ran some stats. (You can see each county/city's January market snapshot of January sales from 2010 – 2014 on our blog.)

Home Prices Rise in Vienna - By How Much?

Home Prices Rise in Vienna - By How Much?

As we head into the New Year – it’s a good time to look back over the past 10 years and see what has happened in Vienna real estate. Highlights are below and you can see full charts & graphs from 2003 through 2013 on our blog:

Home Buyers & Sellers Beware - Contract Changes Jan 1

Home Buyers & Sellers Beware - Contract Changes Jan 1

If you’re buying or selling a home in Northern Virginia in 2014, you should be aware there are usually changes to the regional contract forms twice a year – on January 1st & July 1st. Examples of forms changing on January 1, 2014 include:

  • Seller Post Settlement Occupancy Agreement
  • Release from Regional Sales Contract
  • Purchaser Pre Settlement Occupancy Agreement
  • Home Inspection and Radon Testing Contingency
  • Contingencies and Clauses
  • Virginia Jurisdictional Addendum

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Home Buyers & Home Sellers - make sure you are not caught unaware & put behind the 8 ball!

Vienna Homes Selling at 98% of List Price

Vienna Homes Selling at 98% of List Price

November sales numbers are posted and you may be surprised to see that sales in many areas did NOT slow for the Thanksgiving Holiday! Less home showings may be ocurring, but the Buyers who are looking are SERIOUS!

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Here’s what happened in a variety of Northern Virginia Markets in November:

53% of Vienna Homes Sold In 2 Weeks or Less in November!

53% of Vienna Homes Sold In 2 Weeks or Less in November!

It’s November in Northern Virginia. What does that mean for real estate?

(Well – besides the fact that if your home is on the market, you have probably already raked your leaves 5 times!)

Let’s take a look at the numbers (month-to-date). They’re pretty interesting. From city to city, the numbers can vary vastly.

 

Sell Your Home Now or Wait Til After The Holidays?

Sell Your Home Now or Wait Til After The Holidays?

As Thanksgiving approaches, we often get the question, “Should I wait to go on the market until after the holidays?” or “My home is on the market now, should I take it off during the holidays?”.

Well, the answer is “It depends“!

Here are some things you might want to consider if you’re thinking of selling your home during the holidays (and you can search here to see how many homes are for sale in Northern Virginia right now!):