Northern Virginia Realtors: Fairfax County VA Real Estate Sales & Inventory Report July 2014

Fairfax County VA Real Estate Sales & Inventory Report July 2014

 

fairfax and loudoun county realtors Steve and Jan Bachman RE/MAX Hall of Fame

 Thanks for stopping by the Fairfax County Virginia monthly real estate report for July. Data is through the end of June 2014.

Inventory of Active listings has risen to 3560 units... the highest it has been since October 2009...a concern for home sellers... 

 

 

 

 

 

 

 

 

Home prices have continued a slight advance in June for those homes that went to settlement.

 

 

Steve and Jan Bachman RE/MAX Hall of Fame

 

 Home buyers have much more inventory to choose from than in months past... sellers are more anxious as the number of unsold homes has grown to a 3 month supply.

The seller's concerns are relative of course, since most of the country would be thrilled with 3 months supply and rising prices. 

 

 

 

 

 
 

fairfax and loudoun county realtors

 

 In the graphs that follow, we have used longer term statistics since they smooth out seasonal aberrations and monthly anomalies and help illustrate any strength or weakness which underlies the market.

 

 

 

 

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Here is what has happened to prices in Fairfax County over the past 5 years:

(this is all home types: condos, townhouses and Single family homes)

 

 

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As mentioned above, the existing inventory of re-sale homes has climbed to 3560 in June, from near its 5 year low in December 2013 of 619 homes for sale.

  In the graph below you can see that even though the number of homes sold ( in blue) in June, the number of unsold properties rose more.

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The number of days that it took to get a winning contract stood at 11 days on average at the end of June ...an outstanding rate of sale. 

 

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 Homes for sale in the following Fairfax zip codes

Fairfax 20151
Fairfax 22031
Fairfax 22032
Fairfax 22033

 

fairfax and loudoun county realtors

 

 

 Well priced townhouses under $375k in good locations and in good condition are still the fastest properties to get contracts. 

 

 

 

 

 

Upper end properties ...above $700k ...has slowed yet there is still a builder's backlog of 6-9 months for single family homes.

 

 

 


fairfax and loudoun county realtors

 

 

Thanks for stopping in! If you would like to visit some of the homes in Fairfax as they come on the market, please drop us an email and we will make the arrangements.

 

 

 

 

 

 

Also, please feel free to set up your own automatic home search at http://janandsteve.listingbook.com/

 

No one will bother you and all the listings that meet your specifications will come to an electronic organizer that you can access by email at your leisure.

If you are a Fairfax County home owner, and would like a free analysis of your property's current market value, please drop us an email.

We are happy to be of service, with no obligation and no pressure :-)

 

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fairfax and loudoun county realtors

 
 Moving to Northern Virginia? We can help. 

With the some of the nation's highest median family income counties, outstanding schools and a hot job market driving it all, you should move to Fairfax, Loudoun or Prince William counties.

Here is a photo tour of home styles and countryside that you can expect to find in Northern Virginia:

http://video214.com/play/ngb0RJKin5pR3jr2CUotnw/s/dark

 

 

 

 

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 Realtor.com, Trulia, Zillow etc.

 

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

 

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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 0 commentsSteve and Jan Bachman • July 23 2014 10:50AM

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