Inventory of active listings as of Feb 10th is 58 homes. The number of properties going under contract during the last month was 36. The current absorbtion rate or month's worth of supply is thus 1.61 months. The average sales price of the properties actually sold last month decreased from $460,351 to $342,127 or 25.68%. CAUTION: Fairfax City is a relatively small market area and small numerical changes or differences in the prices of the houses actually selling can result in large percentage swings.
ZIP Codes: 22030, 22031, 22032 Location Characteristics: Centrally located. Lots of Services and Low Taxes
About Ron Fowler:
Selecting a Realtor is a very important decision! A home is usually the single largest purchase in your lifetime. In today's complicated market it is important to have an experienced professional to help you with your real estate needs. When choosing a realtor you should consider their reputation, marketing approach, market knowledge, and their commitment to putting the needs of their clients first. I am a graduate of the United States Merchant Marine Academy at Kings Point and hold a Masters Degree in Business Administration from New York University. I am also actively involved with the community as a volunteer coach and Scout Leader, and as the father of 11 children, I understand the needs of individuals & families transferring into and out of the Washington metropolitan area.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
