Reported by Romie Oplinger, REALTOR, ePRO, ABR, GRI, CSP, RECS
Updated July 25, 2008.
Current Market Rating: 1
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Buyer's
Seller's
Current Price Trend: 2
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Falling
Rising
Buyers have lots of choices. Average days on the market is 83 whereas it was only 65 days a year ago. New Home Builders are again offering incentives such as a free rec room or closing cost assistance. Prices will probably remain relatively stable since sales prices are starting lower than they were a year ago, but downward pressure still exists and most sellers will negotiate. New lender guidelines are making mortgage loans harder to get, especially below $417,000.
ZIP Codes: 20120, 20121 Approximate Location Boundaries: Community near western edge of Fairfax county
Location Characteristics: City like urban area with a mix of town houses and single family. Plenty of shopping and recreational activities. Good commuting access with routes 28, 29, and 66 all passing through the area.
About Romie Oplinger:
Long time realtor and resident of the Northern Virginia area. Experienced in both real estate and mortgage lending. I hold the Accredited Buyer Representative (ABR), internet professional (e-PRO), Certified New Homes Sales Professional (CSP), Graduate Realtors Institute (GRI) designations and certifications. I am a member of the Real Estate Cyber Space Society. Find out more about Tricia and me, and read testimonials on our website www.LetsMove.net
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
