Special offer

Fairfax, VA Real Estate News

By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Welcome back to our weekly market update, where we take a closer look at the latest happenings in the real estate world. Let's dive right in and see what's been shaking up the scene this week.Contracts on the RiseIt's official - contracts are on the rise, and they're exceeding numbers from last year. For the week ending April 14, new contracts surpassed those from the same week in 2023 by a solid 10.4%. And that's not all - there was a whopping 15.4% jump in new pending contracts compared to just last week.Canceled Listings on the RadarHere's the scoop: canceled listings are spiking, surpassing last year's numbers. With 332 canceled listings in the Bright MLS service area this week, that's a hefty 19.9% surge from the same week last year. Sellers might be hitting pause, waiting for the ...
Comments 1
By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Ever wonder where the detached single family homes are selling in Fairfax VA in October 2009?  Most persons that are interested in buying or selling never bother to look up the Fairfax VA real estate statistics and try to make sense of them. Agents that do not understand Fairfax VA real estate statistics and the importance of the numbers try to dismiss them or ignore them.  That is sad because too many persons stay uninformed and miss the big picture.  I like my clients informed of the current trends. It has been said the most important thing in real estate is "Location, Location, Location!"  I think this set of Fairfax VA real estate statistics confirms a lot of this.  Most of the sales are either inside the Beltway or very close or accessible to it.  In this report, I used only Fairfa...
Comments 2
By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
I first entered real estate in 1988 (See bumper sticker from that era which read:  "If you bought in '88, I CAN'T HELP YOU!")  I was with Merrill Lynch at the time in the Fair Oaks office and I promise you they turned a pumpkin into a real brain.  I remember going to several mortgage corporations for intense training as though I were becoming not a REALTOR but a loan officer.  I knew just about everything the 10% of my working brain could hold.  The Scarecrow and Dorothy were so proud of me!  Subsequent to the 1980's blip in real estate, I was only too thrilled to hand the mortgage planning over to trusted loan officers with whom I work as the programs became more complex and personalized for each client's needs.   Scroll down to the other day.  I was in a continuing education course ab...
Comments 4
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
My PenderbrookHome.com Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA INTRODUCTION We are your neighborhood specialist. We had 5 new listings this week and 4 homes that sold. Our short sale listing in Penderbrook Square went under contract in 3 days !! There is still alot of activity at Penderbrook. The TH are still overpriced but a few are starting to come down to market level. The new condo conversions are surprising in that they are selling for a lot more than they should, you can buy the same condo for 40k less. I dont know why anyone would want to pay more. But people are still doing it. The smaller TH are selling quickly and the Heights of Penderbrook. We are continuing to help those whose home is below market value. They eith...
Comments 1
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
MyFairRidgeHome.com Relevant Real Estate Information for the Fair Ridge Townhome Community INTRODUCTION Its been a while since we have had a bank owned or short sale here in the Fair Ridge community. This is helping the community out alot. Sales prices are starting to come up. Days on the market are way down here at Fair Ridge and its usually only taking 1-2 weeks to sell your home if its priced right. If you are thinking about selling, contact us today so we can get you the most money for your home. As of today (November 16, 2009 10 AM) there is 1 active home in Fair Ridge and 4 homes that are currently under contract and 1 homes that has sold in the last 30 days. Here's the breakdown of all active listings in MLS: Townhomes- 1 NEW LISTINGS According to MLS, there was 1 new listing thi...
Comments 0
By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
I remember being over my grandmother's house and smelling the black, moist, mushroomy scent of her earthen basement when she'd open the cellar doors out into the yard on a breezy day.  She loved to bake coconut cake and I can still smell it as she toasted the white flakes before letting them rain through her fingers all over the icing.  Marcel Proust would immediately recall his aunt's home in Combray, France the moment he'd savor a morsel of madeleine cake. The scent of pine and chalk always reminds me of my early school days as I often slapped the board erasers together in the school yard for the teacher.  When I smell lavender soap, I recall the craze of days gone by when everyone doused themselves in everything English when the Beatles were in their prime. Sorry, but the scent of th...
Comments 14
By Thomas Merical, "From House to Home"
(Keller Williams Realty Dulles)
Thomas Merical http://www.mynvahomes.com/ http://www.findahomesellahomenow.com/ Blog@MyNvaHomes.com
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
MyFairfaxRidgeCondo.com Relevant Real Estate Information for the Fairfax Ridge Condo Community INTRODUCTION Its been a while since we updated the stats on Fairfax Ridge. There are still 13 short sales under contract and only 1 has closed in the last 2 months. I can help you if you can no longer make your payments or in a couple months you will not be able to make your payments. Please contact me asap. If you are thinking about buying here in Fairfax Ridge, contact me today and we can set up a time to go look at what is available. There are still some good deals to be had here. As of today (November 6, 2009 11 AM), there are 2 active listings in the MLS and 13 Condos are currently under contract and 0 Condos have sold in the last 30 days. Here's the breakdown of all active listings in ML...
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
My PenderbrookHome.com Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA INTRODUCTION We are your neighborhood specialist.  The 3 TH in the penderbrook area are still on the market. This is expected because they are still overpriced. I have taken multiple buyers by these properties but the homes are priced to high.   There are still some great deals to be had here in Penderbrook.  If you want to look at any of these listings, please contact me. We just listed a short sale condo this week on Tuesday.  We got a buyer 2 days later and are ratifying it tonight.  If you can not make your payments or in the near future will not be able to make your payments anymore.  Contact us TODAY! If you have any questions or would like to find out how m...
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
3921 Penderview Dr #1805 This beautiful ground level condo just went on the market today. Private patio off the family room. Amazing amenities! Just seconds to Penderbrook Golf Course and community pool, Fair Oaks, Fair Lakes, Whole Foods, Routes 66/50/29 & Fairfax County Pkwy. Click here to see full listing Sales Price $130,000 - 1 bedroom / 1 bath  
Comments 1
By Tom Robinson, Experienced Real Estate, Professional Serving No. VA and DC
(Keller Williams Realty Kingstowne/Alexandria, VA Office)
Rates for mortgages are still very low but have increased for the third consecutive week, Rates haven't been this high since about September 2009. The 15 year fixed rate is still in the mid 4's. Here is a link to the Washington Post from today, October 31, 2009.  http://www.washingtonpost.com/wp-dyn/content/article/2009/10/29/AR2009102905090.html
Comments 0
By Tom Robinson, Experienced Real Estate, Professional Serving No. VA and DC
(Keller Williams Realty Kingstowne/Alexandria, VA Office)
This article was from the Washington Examiner dated October 18, 2009. The Principal Daniel Meier is still in office as the Principal presumably until found guilty in a court of law. My only objection is what kind of morals does this teach our youth? Robinson Secondary School is an exceptional high School in one of, if not, the best school systems in the United States. We continually tell our kids not to steal or do drugs, and then this happens...  http://www.washingtonexaminer.com/local/crime/Teachers_-principals-caught-in-fraud-case-8398445.html
Comments 0
By Mike Ford
(The Model Home Look)
Modern Style - The streamlined look is in! The contemporary look has gradually worked its way back into the kitchens of many of today’s consumers. Cleaner lines, less ornamentation, lighter paints and a variety of stains seem to be the order of the day. The trend seems to be away from excessively fussy ornamentation. Kitchen trends are featured on www.TheModelHomeLook.com
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
My PenderbrookHome.com Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA INTRODUCTION We are your neighborhood specialist. What does this mean? We have been helping you buy and sell homes in the Penderbrook neighborhood for years. This website is a reflection of our time spent for you. We hope this site allows you to make the best decision as to when is the best time for you to buy or sell. We gets lots of activity on this site and its a very good marketing tool for your home. We have a one bedroom condo in Penderbrook Square coming on the market in 1-2 weeks. This website is the first to know about it. It is in excellent condition and will be listed at $130,000. This translates to $1,150 a month mortgage with $4,550 as your downpaymen...
Comments 0
By Tom Robinson, Experienced Real Estate, Professional Serving No. VA and DC
(Keller Williams Realty Kingstowne/Alexandria, VA Office)
Walking aroud the Country Club View neighborhood yesterday, I noticed a good bit of activity. Specifically, homeowners were having contractors update their homes. One had just been updated and sold, a nice colonial with five bedrooms and a nice wooded backyard had been recently updated and a new young family with small children had just moved in over the weekend. Diagnally across the street, a home is being renovated either for future sale (A "Coming Soon" sign is in the front yard) or to be inhabited by the current owner. The neighborhood gossip is that the current owners family is moving into the home. If that is the case, then the sign is Likely in the yard to help a realtor friend with advertising. Further down an older couple is having some siding work done on their home. I suspect...
Comments 1
By Katrina Cantrell
(Capitol Staging LLC)
My children spent the last couple of Halloweens Trick or Treating on Capitol Hill with family and friends. Washingtonians near the Eastern Market area go all out for Halloween, and my kids love the impressive home decorations and elaborate costumes. While the row houses allow for a high rate of candy collection, there are some houses that that are so scary that my youngest son will happily forgo the candy and move on to the next house. Home buyers can be the same way, and will move on to the next house if something scares them away. Here are a few staging tips that can help prevent scaring off home buyers: Clearly Define Each Room Is your dining room being used as an office and is your formal living room now a playroom? If so, switch the room back to its intended purpose otherwise home...
Comments 0
By Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News
(Integrity Real Estate Group)
The buyer was surprised and the sellers were surprised but today my listing in Fairfax went to closing with a 4% assumable loan.  Why the surprise?  Because up until a few days before closing no one thought that Wells Fargo would honor the assumable loan written by Wachovia.  They certainly made it complicated enough.The title company said they had to dust off the instruction book as they hadn't seen an assumable loan in 10 years.  With more FHA loans being written today than in previous years we can all expect to being dealing with the differences between assumable loans and conventional loans for the next few years.Though this home only stayed on the market a few days the assumable loan was a big draw and was a part of what won the buyers over.  Tonight the buyers are in their new hom...
Comments 3
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
My PenderbrookHome.com Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA INTRODUCTION Nothing new happened this week. The only movement was a short sale that was under contract, came back on the market. The buyer must of been tired of waiting and walked away. This happens alot with short sales. Not with our short sales though. We have a system that makes it very unlikely for a buyer to walk. If you need to short sell your home, Contact us today. Interesting Fact: 21 homes under contract right now at Penderbrook. - 11 are short sales, 7 of these are at Penderbrook Sq, 2 at Oxford, 2 are TH. 10 are regular sales, 8 Condos and 2 TH We have a one bedroom condo in Penderbrook Square coming on the market in 1-2 weeks. This website is the fir...
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
My PenderbrookHome.com Relevant Real Estate Information for the Penderbrook Community of Townhomes and Condos in Fairfax, VA INTRODUCTION We have a one bedroom condo in Penderbrook Square coming on the market in 1-2 weeks. This website is the first to know about it. It is in excellent condition and will be listed at $140,000. If you or someone you know has any interest email me. You can be the first to see it. If you know someone who is behind in the mortgage payments, cant make their mortgage payments, or simply are over there head and do not want to live in their home, but dont think they can sell, have them contact us. We are short sale certified and work with the top short sale law firm in the area. We will get your home sold quickly and much quicker than the average 5 months on the...
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
MyGatesofFairLakesCondo.com Relevant Real Estate Information for Gates of Fair Lakes . A gated condo community. INTRODUCTION We are your Neighborhood Expert for Gates of Fair Lakes As of today (August 14, 2009) There are 3 active listings in MLS and 2 condo that is currently under contract. 1 condos have sold in the last 30 days. Here's the breakdown of all active listings in MLS: 12817 Fair Briar Ln #12817 - 1bd/1ba (21 DOMP) 4650 Superior Sq - 2bd/2ba (21 DOMP) 4644 Superior Sq - 2bd/2ba (15 DOMP) NEW LISTINGS According to MLS, there was 0 new listings this week. UNDER CONTRACT According to MLS, there is 2 condos under contract. 12844 Fair Briar Ln #12844 - 1bd/1ba 4558 Superior Sq #4558 - 2bd/2ba I will have the final numbers for this once it closes, if it closes. SOLD According to M...
Comments 0
By Nate Johnson, Realtor
(Keller Williams Realty - Serving Northern Virginia)
MyCedarLakesHome.com Relevant Real Estate Information for the Cedar Lakes Condo & Townhome Community in Fairfax, VA INTRODUCTION We finally got a short sale pushed through in Cedar Lakes. It had been sometime. Unfortunately this one took close to 205 days. We did not sell this one but I know everything that happened in the situation. Multiple buyers backed out and finally a buyer stuck it out and it sold! We do work with you to sell your home if you mortgage is more than what your home is worth now. We have one of the best law firms to negotiate with the banks. They can almost guarantee it will close 2-4 months. Townhomes still continue to sell quickly in Cedar Lakes. There is very low inventory so that is pushing prices back up for Townhomes also. Contact us today to see if now is a go...
Comments 0
Explore Fairfax, VA
Fairfax, VA Real Estate Professionals