For those of us out and about enjoying the beautiful Virginia, Maryland and DC area this weekend, we know why the real estate market will be resilient in this area. Because it is so beautiful. You can enjoy the architecture in DC; checkout the new Institute for Peace building with the dove wings for a roof. Or enjoy the many inviting harbors in the area; today we went to Deale, MD for lunch alongside the boats.
It is a good time to buy investment property. Good time for a move-up.
Have fun this Easter. The spring season is a great time for refocusing on what you want to bring into your life, and how you want to enjoy life.
Best wishes,
Karrina
Karrina Taylor Brown ReMax Allegiance: Spring Northern Virginia Real Estate Market Update...
Sunday, March 20, 2011
Karrina Taylor Brown ReMax Allegiance: Spring Northern Virginia Real Estate Market Update...: "Yes Folks: Our market is doing fine. Most of the foreclosures and short sales were taken over the winter time. The new Spring crop of ..."
March Real Estate News *Northern Virgina
Friday, March 4, 2011
Our market is hot.
*Inventory is low; it is hard to find a good home for sale.
*Buyers want to take advantage of the low interest rates.
*There are often multiple bidders for foreclosed properties.
*The bottom fishers are out in force, scooping up the discount bargain basement properties with cash.
*Meanwhile people and money is flowing into the Washington area from all over the country and from all over the world.
*We have a good job market which brings people to our good jobs from all over the country.
*The high end of the market is out in force. There have been 25 sales this year at the Turnberry Towers (That is, 25 sales of $1M+/- properties in only 2 months.)
*Locals want to buy their next property at today's prices, and then keep their own properties until prices improve.
*The rental market is strong.
*Builders have started building again.
In spite of dire economic warnings all around us, the Spring weather is bringing good prospects for Northern Virginia and DC area real estate.
** Join me at my new Alexandria home listing, open this Sunday 1-4pm ***
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1746191XTKBC&p=DE-134897853-956
*Inventory is low; it is hard to find a good home for sale.
*Buyers want to take advantage of the low interest rates.
*There are often multiple bidders for foreclosed properties.
*The bottom fishers are out in force, scooping up the discount bargain basement properties with cash.
*Meanwhile people and money is flowing into the Washington area from all over the country and from all over the world.
*We have a good job market which brings people to our good jobs from all over the country.
*The high end of the market is out in force. There have been 25 sales this year at the Turnberry Towers (That is, 25 sales of $1M+/- properties in only 2 months.)
*Locals want to buy their next property at today's prices, and then keep their own properties until prices improve.
*The rental market is strong.
*Builders have started building again.
In spite of dire economic warnings all around us, the Spring weather is bringing good prospects for Northern Virginia and DC area real estate.
** Join me at my new Alexandria home listing, open this Sunday 1-4pm ***
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1746191XTKBC&p=DE-134897853-956
Rental Market is UP * Sales Mixed Signals
Tuesday, September 21, 2010
Hi Folks:
Welcome from the wonderful world of Real Estate in Northern Virginia. The news at this time is that the rental market is firing ahead. Rents seem to have spiked up last month; many of the townhouses are renting for about $200 over last years prices in this area of Alexandria, Arlington and Springfield. People are moving here from all over the country to take advantage of the stronger job market.
The sales prices are still doing pretty well compared to last year, but the effects of the tax credit seem to be wearing off as Buyers stick to their budgets and drive hard bargains. There are fewer short sales and foreclosures affecting the market, but they are still in play. In the first time buyer price range, bidding can be competitive for properties which are in good shape, in good locations, and are not hampered by a short sale. NVAR shows sales prices rising 7.6% over last year, as normal sales make up a larger percentage of the transactions. More Sellers were encouraged to into the market in August, and number of listings rose 15% which may temper sales prices in the Fall.
Welcome from the wonderful world of Real Estate in Northern Virginia. The news at this time is that the rental market is firing ahead. Rents seem to have spiked up last month; many of the townhouses are renting for about $200 over last years prices in this area of Alexandria, Arlington and Springfield. People are moving here from all over the country to take advantage of the stronger job market.
The sales prices are still doing pretty well compared to last year, but the effects of the tax credit seem to be wearing off as Buyers stick to their budgets and drive hard bargains. There are fewer short sales and foreclosures affecting the market, but they are still in play. In the first time buyer price range, bidding can be competitive for properties which are in good shape, in good locations, and are not hampered by a short sale. NVAR shows sales prices rising 7.6% over last year, as normal sales make up a larger percentage of the transactions. More Sellers were encouraged to into the market in August, and number of listings rose 15% which may temper sales prices in the Fall.
Rental Market is UP * Sales Mixed Signals
Hi Folks:
Welcome from the wonderful world of Real Estate in Northern Virginia. The news at this time is that the rental market is firing ahead. Rents seem to have spiked up last month about $200 over last years prices in this area of Alexandria, Arlington and Springfield. People are moving here from all over the country to take advantage of the stronger job market.
The sales prices are still doing pretty well compared to last year, but the effects of the tax credit seem to be wearing off as Buyers stick to their budgets and drive hard bargains. There are fewer short sales and foreclosures affecting the market, but they are still in play. In the first time buyer price range, bidding can be competitive for properties which are in good shape, in good locations, and are not hampered by a short sale. NVAR shows sales prices rising 7.6% over last year, as normal sales make up a larger percentage of the transactions. More Sellers were encouraged to into the market in August, and number of listings rose 15% which may temper sales prices in the Fall.
Welcome from the wonderful world of Real Estate in Northern Virginia. The news at this time is that the rental market is firing ahead. Rents seem to have spiked up last month about $200 over last years prices in this area of Alexandria, Arlington and Springfield. People are moving here from all over the country to take advantage of the stronger job market.
The sales prices are still doing pretty well compared to last year, but the effects of the tax credit seem to be wearing off as Buyers stick to their budgets and drive hard bargains. There are fewer short sales and foreclosures affecting the market, but they are still in play. In the first time buyer price range, bidding can be competitive for properties which are in good shape, in good locations, and are not hampered by a short sale. NVAR shows sales prices rising 7.6% over last year, as normal sales make up a larger percentage of the transactions. More Sellers were encouraged to into the market in August, and number of listings rose 15% which may temper sales prices in the Fall.
BRAC keeps Northern Virginia Real Estate market hot
Saturday, August 14, 2010
People are moving to Northern Virginia from all over the country. Many are taking jobs with the federal government, and with local defense contractors. Also, Northern Virginia still has one of the lowest unemployment rates around. Buyrers and Sellers in this area feel more secure in their jobs than many around the country, and so they are more likely to buy their first home, or move-up to a home which better meets their needs.
Every week I hear from people taking jobs at Fort Belvoir. This has resulted in very strong sales in the surrounding areas of Alexandria, Springfield, Lorton and Woodbridge. The market for affordable townhouses in Alexandria is very hot with multiple offers on properties and homes staying on the market for only a few days. Prices are rising in Springfield, where families can find larger homes in tidy neighborhoods with good schools close to Fort Belvoir. In Lorton where the housing stock is newer, it is very hard to find a property on the market which is not a short-sale. In Woodbridge, investors who snagged up foreclosed and short sale properties over the winter have tidied them up and put them on the market $50000-$100000 above their purchase price. Home buyers looking for move-in ready homes are snapping up these still affordable properties.
As one contractor explained to me, the recent announcement by Robert Gates to "cut" defense spending, was mostly just a re-assing of funds. So there will still be lots of jobs in this area.
Many of my clients are obtaining loan quotes for 30 year mortgages of 4.5%-4.75%; a 30 year low.
Click here to see the full real estate market statistics for the Washington DC area.
Its a good time to buy and sell in Northern Virginia
Every week I hear from people taking jobs at Fort Belvoir. This has resulted in very strong sales in the surrounding areas of Alexandria, Springfield, Lorton and Woodbridge. The market for affordable townhouses in Alexandria is very hot with multiple offers on properties and homes staying on the market for only a few days. Prices are rising in Springfield, where families can find larger homes in tidy neighborhoods with good schools close to Fort Belvoir. In Lorton where the housing stock is newer, it is very hard to find a property on the market which is not a short-sale. In Woodbridge, investors who snagged up foreclosed and short sale properties over the winter have tidied them up and put them on the market $50000-$100000 above their purchase price. Home buyers looking for move-in ready homes are snapping up these still affordable properties.
As one contractor explained to me, the recent announcement by Robert Gates to "cut" defense spending, was mostly just a re-assing of funds. So there will still be lots of jobs in this area.
Many of my clients are obtaining loan quotes for 30 year mortgages of 4.5%-4.75%; a 30 year low.
Click here to see the full real estate market statistics for the Washington DC area.
Its a good time to buy and sell in Northern Virginia
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