Northern Virginia Realtors: Fairfax County Virginia Real Estate Report January 2017

Fairfax County Virginia Real Estate Report January 2017


Fairfax County realtors Jan and Steve Bachman


After almost 10 years of suffering, average home prices have reached the heights they achieved in the freakish market run up to the peak of 2005/2006.

The average home price in Fairfax County has risen almost $200,000 per unit from the market bottom of first quarter 2009 as you can see from the graph below.







Good interest rates have been one of the catalysts in the 7 year price rise. The number of active listings has grown as more sellers are in the black with real equity after years of being "upside down" had they purchased at the height of the market in 2005/6.

The graph below shows the 5 year history of # of active homes for sale by month.





The number of days that it takes to get a winning contract was hovering in the high 30s in December 2016... which is great for the winter but slower than the speedy sales in the spring and summer. 






Prince William County realtors


Well priced homes under $450k in good locations and in good condition have been getting contracts quickly. 


Upper end properties ...above $750k, are moving more slowly depending on the neighborhood, since they are often contingent on the buyer selling their existing home first. Norhtern Virginia first time home buyer range is considered $400,000 or under. This sounds crazy if you come from most areas of the USA but the surge in high tech jobs over the last 20 years has put the median family income at $129,000 in 2015.


 Prince William County realtors

If you need information on new homes or any other area of real estate, drop us a line.

We will do our best to get you what you need.








Loudoun and Fairfax county real estate agents Jan and Steve Bachman



 Moving to Northern Virginia? Not familiar with the area?

We are more than traffic and a great job market.


Below is a link to a photo tour of typical home styles and our countryside



by Steve Bachman




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 0 commentsSteve and Jan Bachman • January 13 2017 03:24PM


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