Northern Virginia Real Estate Market Update

August was the fifth strong month in a row for the Northern Virginia real esate market, which includes Arlington, Alexandria, Fairfax, and Falls Church.  In years past, we typically see the market absorption rates slowing this time of the year, but August remained above the 20% threshold.  This translates into a 5 month market for a person trying to sell their home. Below are the …

Fairfax City Real Estate Market Update

The Fairfax City real estate market finally caught up with the larger market surrounding it in August.  I ave been a little puzzled the last few months how this very small market in the middle of a very large market (Northern Virginia) could consistently lag it in the percentage of homes sold.  In August Fairfax City was right in sync with the Northern Virginia Market …

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 …

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Interview on Web 2.0 Connections

I was interviewed along with Bob Carney of Long & Foster for the Solutions are Power Blog of Network Solutions this week.  They wanted to know how we used Web 2.0 in our Real Estate Businesses.  You can read the interview here. The short answer is that I use the web to connect with people and share information.  The interview list some sites where I …

Real Estate Tax Rates in Northern Virginia

What do various counties and cities charge for property taxes on homes in Northern Virginia? The following figures are per $100 of assessed value in the tax year 2008: Arlington County:  81.8¢ Alexandria City:  84.5¢ Fairfax County:  92¢ Falls Church City:  $1.03 Fairfax City:  79¢ Loudon County: $1.14 Prince William County:  97¢ Most of the rates I have listed above are “base rates.”  Most counties …

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 …

Fairfax City July 2008 Market Update

The real estate market in Fairfax City was solid in July with 31 0f the 176 houses (18%) going under contract in the month.  This is slightly better than last July when 16% of the houses on the market sold, and way better than July of 2006 when only 8% of the homes on the market went under contract. Below is a spreadsheet showing home …

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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 …

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 …