Tag Archives: market statistics

Most Expensive Home Sale in South Run

 

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!

Market Snapshot

Address Status ListPrice ClosePrice CloseDate SellerSubsidy
SOUTH PARK CIR ACTIVE 675000
LAKETREE CT ACTIVE 897448
SOUTH VALLEY DR ACTIVE 775000
LAKETREE DR CNTG/NO KO 914950
REACH DR CONTRACT 699950 7/17/2012
SOUTH VIEW CT CONTRACT 834800 6/27/2012
SOUTH PARK CIR CONTRACT 784950 6/22/2012
LAKETREE DR SOLD 937500 937500 6/21/2012 0
PARK POINT CT SOLD 675000 640000 6/1/2012 0
SOUTH REACH DR SOLD 849900 824000 6/1/2012 3000
WILDERNESS WAY SOLD 805000 781000 5/15/2012 0
SHADY SLOPE CT SOLD 874950 875000 5/14/2012 0
RUSTLE RIDGE CT SOLD 795000 795000 5/11/2012 1600
ROLLING RIDGE DR SOLD 849950 820000 5/4/2012 0
ROCKY RAVINE DR SOLD 824950 795000 5/1/2012 0
VALLEY DR S SOLD 849900 840000 4/30/2012 0
LAKETREE DR SOLD 879950 862500 4/27/2012 500

 

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!

 

 

RE/MAX Agent Survey Reveals Rising Prices, Strong Demand

 

RE/MAX Agent Survey Reveals Rising Prices, Strong Demand

 

RE/MAX Agent Survey Reveals Rising Prices, Strong Demand.

 

 

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.

RE/MAX Marketplace Facts

I’m a big “the agent is the most important factor” kind of guy but these facts are impressive…

  • RE/MAX Allegiance is the World’s Number One Selling RE/MAX Company
  • RE/MAX Associates average more sales than other real estate agents.
  • RE/MAX Associates have more real estate sales experience than other real estate agents.
  • RE/MAX has the most productive sales force in real estate.
  • Billions of dollars have been spent promoting the RE/MAX brand and agents.
  • RE/MAX is the most recognized name in real estate.
  • No name in real estate is better known than RE/MAX.
  • RE/MAX dominated national TV advertising in 2011, reaching more viewers than all other real estate brands combined.
  • RE/MAX dominates national real estate TV advertising.
  • When consumers find real estate online, “remax” is the most used search term among real estate brokerages.
  • remax.com is the most visited real estate franchise Web site.
  • RE/MAX is in more countries than any other real estate brand.
  • RE/MAX agents make up less than 2 percent of real estate agents, but account for more than 12 percent of all agents’ sales.
  • RE/MAX offers support and services not available at other real estate companies.
  • RE/MAX leads the industry in professional designations.
  • RE/MAX has helped millions of families buy or sell a home.
  • Each year, RE/MAX agents help hundreds of thousands of families buy or sell a home.

To the above list I would add:

  • RE/MAX Allegiance is the largest RE/MAX franchise on the planet.
  • and Roy Kohn is the best real estate agent on the planet – (OK… I made the stuff up about me but I am an excellent REALTOR)

Free Market Snapshot for Northern Virginia

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.

     

See the latest local market trends, and get the inside scoop on what’s happening in your favorite neighborhoods.  Here is the actual sample report for Burke, VA. The Market Snapshot is available from my main menu above or by clicking this link  or you can sign up for it on my Facebook page

Burke, Virginia Town Homes For Sale

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.

Click to Sign Up for Email Updates

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

Email Updates!

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.

Burke, Virginia Area Market Absorption Rates

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

 

Subdivision

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!

Fairfax, Arlington, Alexandria and all of Northern Virginia – Market Watch

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.