November 2009

Found 1 blog entry for November 2009.

Northern Virginia at a Glance (focusing on Fairfax, Loudoun, and Prince William Counties)

Our current market is divided into price segments or price tiers and several geographic zones.  The closer you are into the DC metropolitan market the higher the price point by a substantial amount.  In general we are witnessing a very strong Seller’s market on property priced below $417,000.  Prices are rising on the entry level and inventories are at 15 year lows.  We are experiencing multiple offer scenarios and escalating offers.  Buyers are waiving inspections; however, most are not waiving appraisals.  We are seeing many instances of contract values being pushed downward by lower than contract value appraisals.  The average entry level buyer in today’s market

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