Fairfax Boundary Study and the Housing Market

The Fairfax County School Board is once again looking at the High School boundaries in an effort to alleviate the overcrowding at Fairfax High School.  Fairfax High School is a Fairfax City school. The building is owned by Fairfax City and they hire Fairfax County to administer the school. Because of this, all Fairfax City residents will stay at the City schools. County residents will …

Fairfax City Market Update

Below is a spreadsheet with the number of sales and listings in the City of Fairfax each month for the las 2.5 years.  The September numbers show that 18% of the homes on the market in Fairfax City sold.  This implies a 6 month market for the city.  I always hesitate to say that for the Fairfax City numbers because it is such a small …

Neighborhood Profile: Barristers Keepe

Barristers Keepe is a small neighborhood in the City of Fairfax, Virginia consisting of 40 homes.  It is a gated community; you need to key in a code to enter the neighborhood.  The lot sizes are very small 0.1 acre and less.  The houses are between 2566 and 2788 square feet and are very close together.  The neighborhood sits on a small piece of land between Pickett Road …

Fairfax City Real Estate Market Update

In June, the Fairfax City Real Estate market had it’s best month since June of 2007.  19% of the available inventory went under contract last month.  The chart below has the statistics from the past two years on a month by month basis for Fairfax City home sales. Related Posts:5 Highest Priced Home Sales in Northern Virginia in 2010Seaching for a House near a Metro …

Market Update

The Fairfax City housing market sold at a rate of 12% last month. That means that it is taking the average house over 8 months to sell. This is down from a 14% rate in February and lags the Northern Virginia market as a whole which sold at a 17% rate in March. The difference between the Fairfax City and Northern Virginia as a whole …

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Farr House

I came across this profile of the Farr House today from a local wedding planner.  There are some good interior photos of the house and information on how much it costs to rent.  It is owned and operated by the Farrcroft Homeowners Association and you can find information about the house and how to rent it through the association. Related Posts:Fairfax City Real Estate Market …

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City Manager Proposes Increase in Property Tax Rate

City Manager Robert Sisson has proposed to the City Council that they raise the rate for Property taxes from the current $o.72 per $100 of value to $0.835, an increase of about 16% on the rate.  This comes after the assessments on most homes went down in the latest round of reassessments.  The amount would actually you pay is the new rate multiplied by your …

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Sales Statisitics Update for January

Sales in Fairfax City in January remained sluggish with only nine of the 166 houses on the market going under contract. That is a 5% rate of sale, which implies a 20-month supply of homes on the market. That is in sharp contrast to the 14% rate houses are selling in Northern Virginia as a whole. The market seems to be picking up in general …

Open Houses in Fairfax City this Weekend

There are 11 Open Houses listed in the MLS for this weekend (all on Sunday afternoon), and you can see the whole list here.  You can also do a search for open houses here.  We may get a few snow flurries  Sunday afternoon, but the weather should be fine for seeing homes.  Happy Hunting to all the buyers out there. Related Posts:Open Houses in Fairfax …