Northern Virginia Market Update

The Northern Virginia Real Estate market continued to be strong in July. This was the best July in several years, both in terms of units sold and percentage of units sold. There were 2056 in Northern Virginia (Alexandria, Arlington, Falls Church City, Fairfax City, Fairfax County) in July. Typically sales fall off substantially this time of the year, but the market showed no signs of …

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Northern Virginia Market Update

The Northern Virginia Real Estate market again sustained its recent strength in June with 20.14% of the available inventory going under contract. This is the third straight month that we have sold more than 20% of the inventory. This surprised me because the market typically sells fewer homes in June than in April or May. Last month was our best June in several years. Below …

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3 Keys to ensure your Buyer’s Agent is really on YOUR Side

Almost all home sales in Fairfax and other areas of Northern Virginia involve a buyer’s agent. A buyer’s agent is bound legally and ethically to look out for the best interests of the buyer in a real estate transacton, but they are not always motivated to give you all the effort and attention you desire.  If you buy a home, it is to your benefit to work with …

Reaction to Fairfax County Foreclosure Plan

I posted yesterday about Fairfax County’s plan to buy and help others buy foreclosures in the county. NBC 4 did the following report on the issue, which includes the viewpoint of those against the plan on the Fairfax County Board of Supervisors. Click the link below to watch it. NBC 4 Video on Fairfax County Foreclosure Plan Related Posts:What you should know before moving to …

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Fairfax County is buying foreclosed homes, and may help you buy one too.

Fairfax County passed legislation today that will help the real estate market deal with the many foreclosures in the county.  The county is purchasing 10 foreclosed homes outright and helping middle income people, with incomes up to about $75,000 purchase foreclosed homes also. The 10 properties the county is planning to purchase will be chosen by the impact the purchase will have on neighborhoods in …

Neighborhood Profile: Fair Ridge in Fairfax, Virginia

Fair Ridge is located in western Fairfax, just west of Fair Oaks Mall. It is the area north of Route 50 and west of West Ox Road. The neighborhood consists of about 500 town homes that were built in the late 1980s. The town homes are generally between 1400 and 1800 square feet on the upper two levels, plus a basement, many of which are …

Living along the W&OD Trail

The Washington & Old Dominion Trail is a bike trail that goes from Arlington through the middle of Fairfax County and out to Purcellville in Loudon County for a total distance of 44.82 miles. In The Washington Post is a great article with all kinds of stories that have happened along the trail. They also created a video interview with Paul McCray, much of whose …

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Northern Virginia Market Update

The numbers below reflect the market for all of Northern Virginia (Arlington, Alexandria, Falls Church City, Fairfax City, and Fairfax County). Real Estate market are really very small, right down to the neighborhood level, but this gives a picture of the broad market around Northern Virginia that is compromised of the many smaller markets. May was a slightly better month than April (which was surprisingly …