Northern VA Sales up 11% from last year

30 Aug

http://www.sungazette.net/arlington/news/n-va-home-sales-post-uptick-pass–mark-for/article_e10566b4-e31e-11e1-8120-001a4bcf887a.html

Relevant content

 

“A combination of relatively modest upticks in existing-home sales and average sales price across the broader Northern Virginia market in July helped push the total sales volume up 11 percent compared to a year before.”

“The average sales price of all properties that sold during the month was up 4.6 percent from $439,728 to $459,751, and increases were seen in all three segments of the market:”

These numbers are a great indicator for where the market is and where the market is going.  It does not take a Real Estate genius to figure out that if you can pay $2500 a month for a nice single family or $2,500 a month for a 3 bedroom apartment which direction consumers are going to go.  Rates for jumbo loans are still less then 4% and you can usually get in for as little as 3.5% down.  I think we are going to continue to see a gradual increase in price.

 

Thanks for reading

Jon Granlund

Keller Williams Capital Properties

http://www.myhousefairfax.com

Remember “A customer is the most important visitor on our premises, he is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so.”

 

 

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