Here is a list of the 5 highest priced homes to sell in Northern Virginia in 2010. – 1. $10,200,000 This Chateau is top of the list. The artistry is amazing. 2. $9,000,000 This home has a 5 car garage among its many features. 3. $8,250,000 The former home of President Kennedy, this home boasts 12 [...]
Fairfax Station is both a subdivision in Fairfax County and a “postal address” in Fairfax County. The postal address is a fairly large area wedged between Clifton on the west, Lorton in the south, Burke on the east, and Fairfax on the North. This report is on the subdivision called Fairfax Station, which is a [...]
Everybody is trying to figure out what the real estate market is doing right now and having a hard time. Looking at sales numbers is like looking at the home run numbers of your favorite baseball slugger earlier in the decade and trying to figure out if he would have deserved making it into the [...]
The real estate market in Northern Virginia has rapidly expanded this spring with most areas selling about twice as many homes in April as were sold in February. This is partly due to the spring selling season that happens annually, but it was a larger jump in sales this year than we see most years. [...]
The Northern Virginia Real Estate market continues to move at a brisk pace. We are seeing about 4 months worth of housing supply on the market. That being said, most houses are selling much quicker than that statistic would imply. For houses that actually closed in February, 52% were on the market for less than [...]
When you look at long term trends in the Real Estate Market here in Northern Virginia, one thing has consistently remained true over the last couple of years. The number of listings on the market has consistently gone down. In the Northern Virginia area, the number of houses on the market was down 28% from [...]
The Northern Virginia Real Estate Market continues to clip along at about a pace that would sell all the houses on the market in 3.5 months. This is the type of market where prices would be expected to rise, and indeed have been rising. In the spreadsheets below, you can see that in most jurisdictions, [...]
The real estate market cooled slightly in August from July. This is typical of what happens each year as fall approaches. In August, buyers had a little easier time finding a house that earlier in the summer. Nonetheless, houses are moved a lot quicker this August than the previous three Augusts. We continue to see [...]
The major change we saw in the market this past month is that prices are climbing. The lack of inventory has become a real problem, with about a three-month supply of homes on the market in Northern Virginia in general. Bidding wars are taking place on many houses right now. I wrote two offers for [...]
