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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Baileys Crossroads. Low rates with improving economic conditions and stable prices make a home purchase a great value! Call now for more information at 703-855-7696
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| Average Home Price | $375,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 10-30 days |
| Best Selling Price Range | $250,000 - $299,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Baileys Crossroads is | Increasing |
| Seller Activity for the past 90 days in Baileys Crossroads is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Yes the sellers are getting multiple offers and the avarage time on the market has gone from 14 on the market in May 2010 to 10 days on the market in May 2011. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | If the buyer qualifies for the home there is Financing available |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Housing inventory is at a moderate level making the location a very desirable location to live. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Washington DC |
| Housing Hot Spots | Most cities within the Fairfax County area are considered ’Housing Hotspots’ The median sales price for homes in ZIP code 22041 in Falls Church from Dec 11 to Feb 12 was $216,000 based on 34 sales. Compared to the same period one year ago, the median sales price decreased 18.5%, or $49,000, and the number of sales decreased 26.1%. Average price per square foot for homes in 22041 was $197, a decrease of 17.2% compared to the same period last year. There are currently 42 resale and new homes in ZIP code 22041 on Trulia, including 1 open house, as well as 48 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 22041 was $370,578 for the week ending Feb 29, which represents a decrease of 4.3%, or $16,670, compared to the prior week. |
| Average Sold Price | $375,000 - View Graph Trend |
Baileys Crossroads Local News
News for Baileys Crossroads, VA - September 21st, 2011 2:11pm
The median sales price for homes in ZIP code 22041 in Falls Church from Jun 11 to Aug 11 was $248,660 based on 68 sales. Compared to the same period one year ago, the median sales price decreased 2.4%, or $6,066, and the number of sales decreased 12.8%. Average price per square foot for homes in 22041 was $237, a decrease of 3.7% compared to the same period last year. There are currently 87 resale and new homes in ZIP code 22041, including 1 open house, as well as 63 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 22041 was $451,315 for the week ending Sep 14, which represents a decrease of 0.5%, or $2,372, compared to the prior week. Popular ZIP codes in Falls Church include 22042 and 22046, with average listing prices of $512,016 and $661,982.
News for Baileys Crossroads, VA - July 20th, 2011 10:01am
The June market have increased for Baileys Cross Roads !
Total Sold Dollar Volume was $25,892,847 that is an increase of 64.66 percent what this means is the market in Baileys Cross Roads is at 92.44 percent. The number of properties closed were 38 that is an increase of 52 percent from last year! The Median property Sold Price was $665,500 that is an increase of 12.8 percent from last month and an increase of 24.98 percent from last year ! The avarage sold price was is $681,391 and that equates to 8.33 percent increase from the month of May to and an increase of 21.54 for the year. The Avg Days on Market have decreased from 70 days to 58 days and the original list price to closed price has increased from 96.9% to 97.52% that equates to an increase from 2010 of 2.23% and from May 2011 to June 2011 an increase of 0.25%
June News for Baileys Crossroads, VA - July 20th, 2011 9:32am
Total Sold Dollar Volume $25,892,847 +64.66% +92.44%
Closed Sales 38 +52% +58.33%
Median Sold Price $665,500 +12.8% +24.98%
Avg Sold Price $681,391 +8.33% +21.54%
Avg Days on Market 58 days -17.14% +41.46%
Avg Sold to Orig List Ratio 97.52% -2.23% +0.25%
Contact Information
Roger Nakazawa
703-855-7696
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Blog Archives
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Roger Nakazawa
Olympic Realty
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 703-855-7696
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