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September 5, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Alexandria, Virginia

Reported by Bobbie Salame Weichert Assoc. Broker , GRI, ABR, E-Pro

Updated August 18, 2008.

Current Market Rating: 1



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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

Hearing all the time about the doom and gloom of the real estate market can get us in a definite recession. So let us examine our options. The mortgage rates are at a historical low. Lots of house inventory in the market. Sellers are willing to negotiate. There are still lots of financing options available to the typical buyer. So why are the buyers scared of commitment. The psychological drill of over-exaggerated reports they hear in the news media. Real estate continues to be a good long-term investment as always. Statistically, on the average, the value of a home nearly doubles every 10 years. Foreclosures and short sales are only a small percent of our market. There is now an opportunity for buyers in this market, which they should not miss. They should take advantage of it.

ZIP Codes: 22314, (Old, Town/, Cover), 22312, (, Pinecrest/, Overlook), 22304, (Landmark/, Cameron), 22301, (Delray/, Rosemont), 22302, (Braddock, Heights), 22305, (, Beverly, Hills/, Warwick), 22311, (, Stonegate)

Approximate Location Boundaries: The city of Alexandria is located inside the Beltway (I-495). It is surrounded By District of Columbia in the north and Arlington County in the south and Fairfax County from the west and the Potomac river in the east.

Location Characteristics: Old Town Alexandria has a history of great place to live and work, with its historic buildings and homes plus shops and restaurants. Some of its historic buildings are like the Gadsby's Tavern, Carlyle House, and the George Washington Masonic National Memorial temple, modeled after the ancient lighthouse at Alexandria, Egypt. This waterfront community of Old Town Alexandria offers a variety of cultural activities, schools, theaters, and job opportunities.

For More Information:

View Market Conditions of other areas served by Bobbie Salame Weichert Assoc. Broker

Navigate: Top > Virginia > Alexandria

About Bobbie Salame Weichert Assoc. Broker :
-Weichert Associate Broker
- Licensed Realtor in (VA, DC & MD)
-Graduate Realtor Institute (GRI)
-Agent Buyer Representative (ABR),
-Internet Professional Certified (E-Pro)
-Member in the Women Council Of Realtors (WCR)
-Civil Engineer & Graduate study in Business Admin.
-member and editor in the Realtytimes Newsletter.
-The latest Technological tools Web site
www.nsalame.com, Virtual Tours & E-mailings of
Listings.
-Provide accurate,reliable and up-to-date information of
the Real Estate Market.
-Assistance in relocation.
-Community information
-Work with first time homebuyers.
-New Homes Specialist.
-Free Seller/Buyer consultation
-Unique marketing customized plan to sell your property
quickly with no hassle and for top dollars.
-All Homes listed are featured on my Cyber Home Web
site nsalame.com which will appear in most of the
internet search engine.(google,Yahoo,aol,msn etc..)
-Search for Listings on www.nsalame.com will enable
you to search by your specific criteria.




These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 6.40%
15 Year Fixed: 5.93%
1 Year Adj: 5.33%
(U.S. Weekly Averages)

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