Northern Virginia Realtors: August 2012

Home prices Soar. Housing Inventory Plummets in Northern Virginia 2012

  view from Skyline drive photoHome sellers in Northern Virginia have gotten what they wished for this year. Average home prices have continued to rise.... $135k per unit since 2009.

The supply of available homes is approaching the 5 year low. There's not much to choose from out there folks.

Low inventory combined with miniscule interest rates have caused prices to spike this year. There are no bargains and really haven't been since 2009.

As you can see from the graph below, the number of homes available for purchase has been steadily falling since September 2007.

The charts and graphs are all interactive...hold your cursor over any point and get a read...

Virginia Landscape Photographer, Digital Artist and Realtor Steve Bachman
Fewer foreclosures glutting the market as they did in 2007-2008 has played a role.

Homeowners who purchased their properties during the huge price run up of 2003-2006 are sitting on the sidelines waiting for prices to rise back to a level where they won't take a a huge loss when they sell.

Lot's of folks in this category. That is a huge factor here.

They would like to move up, down or away, but cannot afford to lose dollars from their negative equity positions.

Fewer homes entering the better condition...with steady to increasing demand due to low interest rates and high local employment rates, has been pushing prices up from their bottom in  first quarter 2009. See the following graph.

The number of days it takes to get a viable contract was 46 days in July 2012 a very pleasant number for home sellers.

This number should begin to rise as the cooler weather comes upon us...if history holds true. See graph below for Average Days on Market for Northern Virginia.

Skyline Drive VA photosThanks for stopping by.  If you need specific homes sales data just drop us a line. If you want an evaluation of the approximate market value of your home, just email us.

Also don't forget, you can set up your own private home search right here.

Search Like an Agent. No one will bother you. 

Just play around. No hassle, no spam, we won’t bug you.

Fresh listings emailed to you.  You’re in control.

Want to take a tour of homes you like? Contact us.

We can make the arrangements.

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fairfax county real estate agents Jan and Steve Bachman


Don't know anything about Northern VA home styles and countryside?

Well come now.

Yes this is a 3 minute photo tour but hey if you are moving here wouldn't you want to know what it looks like?

Music's good too. Come to Virginia


Why pay more and get less when selling your home? Jan and Steve Bachman of RE/MAX Gateway use professional photographers, create interactive photo floor plans, print full color brochures, and make an individual property website for your listing that goes out to 40+ public real estate search sites including, Trulia, Zillow etc.


We also create a custom photo tour that is sent to other agents and prospective buyers.



RE/MAX Hall of Fame, Platinum Club, A Washingtonian Magazine Top Agent 2018

Happy to Help. No Hassle, No Pressure.

Jan and Steve Bachman are full time Realtors® with RE/MAX, specializing in Homes for Sale in Fairfax, Loudoun, Prince William and Arlington Counties.



Our 3 rescue dogs have been GREAT! Go get a couple.

Comment balloon 8 commentsSteve and Jan Bachman • August 30 2012 07:03AM
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