HOT, HOT, HOT! I of course am not referring to the weather but the local Vienna, VA real estate market. With the average sales price up 11.77%, the average days on market down almost 50%, inventory is almost non existent, and with loan rates still at an all time low, it makes for a perfect storm of multiple offers!
January 2013 Real Estate Market Statistics for 22180 Vienna, VA
Total Sold Dollar Volume
Median Sold Price
Avg Sold Price
Avg Days on Market
Did you know? VDOT is spending 267 million on the Rt. 29 and Linton Hall Road Interchange. The estimated completion date is June 2015 and you can watch a video of the finished product at http://www.virginiadot.org/projects/resources/NorthernVirginia/Linton_Hall_800.mpg
Even with the road construction and traffic delays, demand for housing in Gainesville is on the rise! New construction is so "HOT" developers are standing in line at the county offices trying to obtain approval for new projects. You might ask, why is new construction important? The answer is, as new home prices increase so do resale prices. This has always been the trend so come on new construction!!
Just look at
One of the perks of living in Washington, D.C. is being right next to so many historical sites. A lesser known perk of this town, is that most companies follow the federal government's schedule, so offices all around the Metro area will be closed this upcoming Monday for President’s Day.
While many buildings will be shuttered, it doesn’t meant there won’t be plenty to do. All of the museums in the city will be open, with some having events honoring the greatest people this country has ever seen. Of course we celebrate presidents on President’s Day. And this year is a perfect time to pay your respect to one of this country's greatest leaders, Abraham Lincoln.
In less than a week, the country’s biggest block party will come to a close. If you haven't heard about, it’s been going on ever since this Wednesday. But right now, the streets of New Orleans have been closed, and will be for six more days, as the city puts on what may be America’s wildest week.
That’s right, it’s Mardi Gras. The festivities began much earlier than usual this year, with Fat Tuesday coming in early February. That’s the final day of celebration, and this year is February 12th. Fat Tuesday celebrates the last day before the solemn season of Lent, and is the actual day of Mardi Gras. But ever since the city of New Orleans threw its first parade back in 1857, the parties
The phrase "arts and crafts" tends to conjure up images of kindergarteners fiddling around with tongue depressors, yarn and Elmer’s Glue. It rarely brings to mind avant-garde pieces that speak to the future of art.
Even if you did imagine wild works of fabric and folded paper, you might think you’d only see them in modern museums in cultural epicenters like New York or Paris. Not downtown Washington, D.C. However, they are here for you to experience; in fact, this weekend is the last few days of a show that’s been running since July.
The Renwick Gallery, a branch of the Smithsonian’s American Art Gallery, is dedicated to preserving this country’s craft and decorative arts traditions.
Chevy Chase, Maryland is the name of both a town, an unincorporated city. A number of villages in the same area of Montgomery County also include Chevy Chase in their names. The area is located on Connecticut Avenue north of Washington, DC and also includes a neighborhood in Washington, DC.
It is primarily a residential suburb with high end shopping including the area of Friendship Heights, restaurants and luxury living in single family homes, rental apartments and condos.
Let’s take a look at the December 2012 Real Estate Market Statistics for Chevy Chase:
Total Sold Dollar Volume
Have you heard about the law of supply and demand? Buyers want homes that are priced right and look good. When a home like that comes on the market, it is likely going under contract in less than 60 days. Supply is decreasing and with demand growing, homes coming on the market now are priced a little higher than they were last year.
If you felt you were underwater on your home loan (meaning owing more on your mortgage than what you think your home is worth if you sold it) you owe it to yourself to find out the present value of your home. You may be surprised. Your home might be worth more than you think. Is now a good time to be a seller? Absolutely!
Modern technology has made a lot of our favorite activities seem arduous, inconvenient and sometimes even a bit absurd. Why write a letter when an email will suffice? Why head to a sporting event when the experience is just as good on TV?
One of those quaint notions that has been struggling in the face of convenience recently is going to the movies. Tickets are expensive. The seats are uncomfortable. You need to arrive early, lest you get stuck in the front of the theater, straining your neck to see the screen. Often, it’s easier to wait until a movie comes out on DVD or on-demand where you can watch it in the comfort of your own home, on a nice TV, in your favorite chair.
Now that we have avoided jumping off the Fiscal Cliff, the real estate market in Manassas City can continue to climb towards the record "peak" selling prices of 2005 & 2006 where the average sold price of a single family (detached) home was $468,000.
Have you notice all the new construction going on in our City? New construction is so "HOT" the owners of Sunny Brook Golf Driving Range have started a subdivision on the left side of the range. (If you hear someone yell "FORE", you better duck and run for cover!) You might ask, why is new construction important? The answer is, as new home prices increase so do resale prices. This has always been the trend so come on new construction!
The average sales price of homes being sold in Page County was $151,600 in November 2012, this is down from a year ago. One reason for the price decrease is that the inventory in Page county has recently doubled!
More choices for Buyers means lower Prices for Sellers. The average days on market has also increased. Unlike the neighboring County of Warren where prices are on the rise, Page County is proving to be a very affordable option for first time Home Buyers especially. The low home prices combined with the historically low interest rates in the 3% range make this a great time to buy!
Page County is an example of an area where Buyers can take advantage of the VHDA loan program