I’m very excited to have sold a home in South Run in a very short amount of time. I wish I could take all the credit by pointing out my mad skills as a real estate agent and aggressive marketing but the sellers share in the success. They insisted on a higher price than I would have liked but they did have an exceptionally fine home to sell. Despite the opinion of real estate agents in general, we do not KNOW for sure what’s going to happen. Market knowledge and past experience guide us but there is no absolute certainty. One of my weaknesses and strengths is trusting my clients. Not the wild “I want to win the lottery” dream price but when they are well thought out have a rationale, I’m fine sharing my opinion but still shooting for their goal.
We listed the home for $62,000 higher than any other recent comparable sold home and got a full price offer within two days of actually listing the house for sale. We did have a couple of weeks to pre-market the home online, get professional photographs taken and a video completed, which can be seen here.
If you live in South Run you should know that now there’s such a great comp and more coming, that your home may be worth more. I think this sale is the highest price home sale in the South Run subdivision in the last six or seven years! Since this home went under contract, even the conservative agents who normally work in South Run have started listing homes much higher than they have in the past. One at just under $900K and another at $914K (and some change). The market has been booming for the last year or so and it’s fantastic to see it in the price range I seem to find myself in these days!
SOUTH PARK CIR
SOUTH VALLEY DR
SOUTH VIEW CT
SOUTH PARK CIR
PARK POINT CT
SOUTH REACH DR
SHADY SLOPE CT
RUSTLE RIDGE CT
ROLLING RIDGE DR
ROCKY RAVINE DR
VALLEY DR S
South Run is in a very popular subdivision in Fairfax Station. South Run residents have easy access to the trails surrounding Burke Lake. The Schools are Sangster Elementary and Lake Braddock Secondary School. If you’d like to see what else is available in Fairfax Station, click the following link: http://blog.fairfaxcountyvirginiahomes.com/fairfax-station-real-estate/ If you need a real estate agent to list your Fairfax County home or need a buyers agent for your next purchase, please consider me. I would value and honor your trust!
This agent survey is from RE/MAX real estate agents nationwide. Northern Virginia has been experiencing a shortage of inventory and increasing prices for over a year now.
It’s not unusual while showing, selecting and writing offers on homes to be in competition with other offers. Even when full price or higher are offered, it’s a battle to win. Sometimes you have to be creative and add some details to make your offer more attractive.
How’s the market? Do you think I can sell my home and make some money? Is it a good time to buy? Buyers and sellers ask me these questions every day, and according to studies, answers to these questions are exactly what consumers require from real estate agents.
It’s my job to be the neighborhood expert. When I list a home for sale or identify a potential home for a purchaser, I make it a priority to quickly become an expert in that community. The Market Snapshot report arms you with the local knowledge you need as a consumer and gives you the market insights you crave.
The Market Snapshot will show you:
Average days on market
Selling vs asking price
Asking and sold prices
Amount of available inventory
Community and school information
Market Snapshot’s “Market Data Display” puts you in the driver’s seat of your own local information locomotive. View the freshest neighborhood data on your screen. Once requested and published, it’s full steam ahead – the data will automatically be updated for you, so you won’t have to go back and redo your work or make a new request. From the moment you sign up and start receiving reports, you can also reference all your past reports for contrast.
I’ve prepared some statistics for Fairfax County, Virginia to give you some insight as to what’s going on in the real estate market right now. I always enjoy statistical information as it can be tremendously helpful to get a “feel” for what’s going on.
This post contains a live data link and will always display a current and accurate list of town homes for sale in Burke, Virginia! If you’re looking for all town homes, actively for sale (and some pending) in Burke, Virginia; just click here.
Of these Burke homes, many have been reduced in price. Most are less than 90 days on the market but there are some at 200+. Homes shown are being sold by homeowners or banks as foreclosures. Some shown are offered for sale as short sales as well.
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If you would like to receive a fresh link with current data every single time a house is listed or a price change occurs, just sign yourself up to receive free
Specify town homes in West Springfield, condos in Alexandria or single family homes in Clifton. You can set yourself up to receive any information in the entire Washington DC Metropolitan area. Define your choices to customize the updates you’ll receive and enjoy.
The rate at which homes are selling is called the absorption rate, in other words, how many months of inventory would we have if no more homes were listed for sale. If 2 homes each month are selling and there are 6 homes currently listed, we have a 3 month absorption rate. Click this “Market Absorption Rate” link for an older post explaining the rate.
As an example, below are several city and subdivision absorption rates in our area as of the writing of this post. This data is easily updated if you’re visiting from an older link someday.
City Active Listed in last Contract in last Absorption Rate
Listings Last 30 Days Last 30 days in Months
Burke SFH 71 20 14 5.1
Burke TH & Condo 58 19 27 2.1
Fairfax Station SFH 83 22 14 5.9
Orange Hunt Estates 4 0 2 2.0
South Run Forest 4 3 1 4.0
If you’d like a freshly compiled Market Absorption Rate for your City, Zip Code or Subdivision, don’t hesitate to contact me. I’d be happy to prepare one for you!
Data is automatically updated the moment it’s available!
Informative video sharing information on Fairfax, Arlington, Prince William and Loudoun counties as well as the cities of Fairfax, Falls Church, Alexandria, Manassas and Manassas Park all located in the Northern Virginia area.