Realty Times - Fairfax, Virginia Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Fairfax

Market Conditions Summary for Fairfax, Virginia

Reported by

Barb Northam
as of 12/1/2008:

Average Sold Price is way down over last year this time, at $374K.(an 18% decrease). Properties are staying on the market an average of 89 days. Homes are selling for an average of only 93% of list price. Ponder: With the average Sales Price under... MORE->
About Barb Northam

Reported by

Romie & Tricia Oplinger
as of 11/29/2008:

Buyers still have the upper hand. Most real estate market areas within Northern Virginia have slowed and homes are taking longer to sell. Prices may go up next spring if the government bailout succeeds in stopping most of the foreclosures coming... MORE->
About Romie & Tricia Oplinger

Reported by

The Claypool Team
as of 11/19/2008:

The market activity in Fairfax County for October remains a little sluggish with prices continuing their decline. Experts say that this is truly the best time to purchase that home!!! The average sold price was down at 22%; total units sold up... MORE->
About The Claypool Team

Reported by

Ron Fowler
as of 11/10/2008:

Inventory of active listings (single family + condos) increased from 154 at the end of September to 155 at the end of October. The average sales price of those homes actually selling decreased from $446,365 to $373,895 or 16.2%. CAUTION: As Fairfax... MORE->
About Ron Fowler

Reported by

Scott Koval
as of 10/17/2008:

Fairfax, Virginia has many luxury properties for sale. Call Scott Koval at 703-625-3446 to schedule an appointment. There is a lot of uncertainty out there, but now is a great time to buy a home. There are plenty of loan programs that offer... MORE->
About Scott Koval

Reported by

Ann Butler and John Turnbull
as of 10/17/2008:

The market appears to have settled for a while over the last few months. Expect condo prices to continue to drop with townhouse and single family homes showing little if no decrease in... MORE->
About Ann Butler and John Turnbull

Reported by

Stacy Martin
as of 10/7/2008:

In the month of September, 137 homes sold in Fairfax/Fairfax City in the price range from $117,000 to $1,485,000. As of 10/7/08, there are 208 under contract. The average sold price in August 2007 was $ 563,824 and in August 2008 it is $ 456,727.... MORE->
About Stacy Martin

Reported by

Debbie Dogrul Associates
as of 9/30/2008:

The real estate market conditions in Fairfax County and Fairfax continue to show strength and vitality. Now is a good time for buyers. There is a larger inventory of homes to choose from, and interest rates remain low. The good news... MORE->
About Debbie Dogrul Associates

Reported by

Cheryl Shier
as of 9/3/2008:

Sellers who are interested in "testing the waters" should shy away from this market. If you want sell, update only what is necessary to get your house sold. Buyers are much more interested in the "bells and whistles" like hardwood floors and granite... MORE->
About Cheryl Shier

Reported by

Charlene Bayes www.CharleneBayes.com
as of 8/9/2008:

As you can see from my newest listings, Northern Virginia and Fairfax is a wonderful place to live! Fairfax offers so much for you and your family. VRE, I-66, I-495, I-95 and Fairfax County Parkway help commuters travel back and forth. Blue and... MORE->
About Charlene Bayes www.CharleneBayes.com

Average Current Market Rating: 1.6 (10 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 1.8 (10 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Fairfax

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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