Video Profile: About Avery-Hess

Recently, we decided a shoot a piece that would give our audience a video snapshot of what Avery-Hess is all about. We put cameras in front of our President, Scott Avery, and agent Mary Grace Mandaro so they could tell you a little bit about our company and what we have to offer.

About Avery-Hess from Amit Kulkarni on Vimeo.

Learn more about Avery-Hess, and search for homes in all of the DC Metro: www.averyhess.com

Poolesville, MD Market Report – 12/11/09

Poolesville is a suburban oasis unto itself in the far western/southwestern edge of Montgomery County. Its western border is the Potomac River. Much of the area with a Poolesville address has been designated as an agricultural preserve, so there is lots of open green space. Poolesville has townhouses and single family detached houses in all sizes and ages. Find out what’s happening in the housing market in Poolesville, Maryland:

• Homes for sale: 26
• Closed sales: 5
• Average sold price: $419,200
• Average days on market: 149

For those who live in Poolesville that work in Loudoun County, Virginia in towns such as Leesburg or Ashburn, getting to work is just a matter of taking the Whites Ferry across the Potomac River each day. It is a nice relaxing way to begin and end each work day.

Prices in Poolesville are up about 19% from a year ago. The inventory for sale, at 26 units, has been pretty stable over the year. Poolesville is the best of all worlds. You get Montgomery County services and public schools, but you also get the peace and quiet that can only be found in an undeveloped area.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Poolesville, and all of the DC Metro: www.averyhess.com

Leesburg, VA Market Report – 12/10/09

In Leesburg, there are houses of every size, age and type imaginable. Therefore a buyer can certainly find what they want at a price of their choosing. The report below represents the market conditions in Leesburg, Virginia.

• Homes for sale: 543
• Closed sales: 112
• Average sold price: $373,530
• Average days on market: 64

Prices in Leesburg are down 20% from one year ago and still dropping. A large segment of the houses for sale in Leesburg were bought when the market was at its peak, and now have become either foreclosures or short sales–houses without equity where the current mortgage holder has to approve the sale of the house.

Downtown Leesburg is a quaint old town where the architecture has been preserved. It is a vibrant business hub that includes shops and restaurants, the Loudoun County Courthouse, and numerous small offices that house lawyers and legal related services. Many employment hubs are within a reasonable drive, including the Route 7 biotech corridor, Tysons Corner, and the Route 28 employment centers.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Leesburg, and all of the DC Metro: www.averyhess.com

Reston/Herndon, VA Market Report – 12/9/09

The market statistics for the Reston and Herndon housing market present a very interesting situation.

When comparing statistics from October 2009 to October 2008 in Reston, we see that active listings are substantially lower this year, the sales increase is an astronomical 54%, and average days on market have plummetted almost 48%.  The average sales price did decrease by 7.7%, and this is an indication that the market has hit the right price point with all the other positive numbers.

In Herndon, we see a little bit different situation.  Active listings are down significantly, average days on market has decreased an amazing 67%, and the interesting statistic is that average price increased 32%.  However, homes sold fell 37.8%.  In my opinion, the reason this figure is falling and the average sales price is increasing because there have not been as many foreclosures on the market this year.  Because of that, the homes sold, did sell for more money, and because the prices were up the number of homes sold fell as a result.

I predict a strong market to continue through the Spring, with the continuation of the First-Time Homebuyer Tax Credit, and the expansion of it to include a tax credit for move-up buyers.  Homebuyers who have owned and lived in their home for five of the last eight years are eligible for up to a $6,500 tax credit as well.  Please see your accountant for full details, but this should definitely spark more buying and selling over the course of the first few months in 2010.

Market data and commentary  provided by Tom Conner, Managing Broker, Avery-Hess, Realtors.

Search for homes in Reston, Herndon, and all of the DC Metro: www.averyhess.com

Clarksburg, MD Market Report – 12/8/09

This is our first market report on the Avery-Hess blog for Clarksburg, Maryland. The statistics below reflect what’s going on now in the housing market in Clarksburg:

• Homes for sale: 99
• Closed sales: 10
• Average sold price: $444,771
• Average days on market: 122

The Clarksburg market for detached single family homes and townhouses is a screaming bargain. Homes there are all relatively young in age, and they’re full of options that new homebuyers have added with creative builder financing. Many of these properties have either gone to foreclosure, been involved with divorce-related sales, or are being sold for less than what is owed on the mortgages–also known as a short sale.

The reason for short sales throughout Clarksburg is the majority of Clarksburg was built and sold in the peak market years of 2005 through 2007. As the Clarksburg market moves through this refinancing cycle, it presents tremendous value for resale buyers.

When fully built-out, Clarksburg will have 40,000 residents and be a major population center in Montgomery County.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Clarksburg, and all of the DC Metro: www.averyhess.com

Community Video: Ballston, Arlington, VA

Seated along the Metrorail’s Orange Line, the Ballston neighborhood in Arlington, Virginia has a terrific mix of luxury condos and apartments, along with townhouses and single family homes. Learn more about Ballston and why it’s the perfect blend of business and entertainment.

Avery-Hess Community Video: Ballston, Arlington, VA from Amit Kulkarni on Vimeo.

Search for homes in Ballston, and all of the DC Metro: www.averyhess.com