Jan
12
homes for sale – Latest homes for sale news – Heron Bay The Falls Home For Sale in Coral Springs.
Filed Under Homes For Sale
Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…
Heron Bay The Falls Home For Sale in Coral Springs.
11, 2010 Heron Bay Homes For Sale Almost 4000 square feet in The Falls of Heron Bay. Marble floors throughout, 15000 square foot waterfront lot, … Read More…
Hardest city to buy OC home? Rancho
The “hardest” OC town to find a home to buy in terms of “market time” (supply of homes for sale vs. new purchase deals inked in past month) is Rancho Santa … Read More…
Fewer MLS-Listed Homes “On Sale” in December According to ZipRealty
There were 17741 fewer homes listed for sale in December 2009 with reduced prices, a decline of 7.1 percent compared to November, according to a monthly … Read More…
That’s all the news for today guys, so until next time, thanks for stopping by.
This is for October only. The average sold price for a home in the heart of Fairfax, VA in 2009 is $368,998, decreased from $389,788 in 2008, a 5.33% decline. Now, the data verifies another year with a decline in the average price of homes sold, which is the statistic most consumers concentrate on. While this number can’t be ignored of course, we must also look at other key factors to see if there is any encouraging news to grasp at.
Well, the average days on the market for the month are 57 days compared to 101 last year. That’s no small thing. Inventory for Fairfax homes and those across the metropolitan, DC area have been down and this is not a small thing. This, compared with the continued low rates, makes for a perfect seller’s market in the midst of this seemingly unending downturn. That’s right, I said seller’s market.
The average sale price as a percentage of the average list price is up year-to-year from 91.54% last year to 94.37% this year. Again, inventory is low. Should I sell my house you ask? Well, let’s look at the definition of a seller’s market.
Basically, if the time it takes for realtors to sell all of the current inventory in the target area is less than six months, than it’s considered a seller’s market. If it takes us more than six months, it’s a seller’s market. Now, believe it or not, we’ve been in a seller’s market for some time. Seller paid closing costs ended in the Spring, which is commonly the first thing to go as we transition away from home buyers calling the shots.
So, with that data, the number of Fairfax homes, Alexandria homes, and Arlington, Va homes for sale is 3149 as of the beginning of December, 2009. The number of homes under contract in the last thirty days in the these three locals is 1325. That’s less than 2 ½ months of inventory.
In my opinion it is a very fair market for both buyers and sellers. Sellers in most price ranges have multiple offers on their home if their home is priced right and in decent condition. Buyers are getting a home at the bottom of a downturn and with incredible rates for those who qualify to buy a home.
There are continued reports of banks releasing more short sale properties quicker into the market as bank-owned properties and thus increasing inventory, or inflation finally hitting us as a result of our government printing and borrowing money without end. I do believe that at least the first half of 2010 will continue with a moderately strong housing market in the Fairfax and Arlington areas.
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