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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Burke. Low rates makes a home purchase a great value! Why rent when you can buy for similar monthly payments?
Call the local real estate expert Martina Burns now for more information at 703-650-8533 or toll free at 866-361-6655
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| Average Home Price | $450,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $500,000 - $549,000 |
| Worst Selling Price Range | $850,000 - $899,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Burke is | Increasing |
| Seller Activity for the past 90 days in Burke is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Foreclosures and short sales in ok condition are getting multiple offers within the first few days on market, most at least 5-10 offers, some 10-20 offer, therefore homes are selling above asking price in the 200,000-300,000 price range. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Inventory Comments | $$ numbers below are for Single Family Homes, the graphs include town homes and condos as well |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Washington DC |
| Housing Hot Spots | Everything inside the Beltway or within 5 miles and close to Metro or VRE. |
| Average Sold Price | $450,000 - View Graph Trend |
Burke Local News
Spring Market up-date 2012 / News for Burke, VA - May 9th, 2012 10:54am
copy and paste below link in your browser to see detailed report:
http://173.203.29.47/get_report.php?action=pdf&agg_type=MONTHLY&f_id=1000&loc_type=5&loc_id=22015&time_period=201203
News for Burke, VA - December 21st, 2011 9:00am
copy and paste below link in your browser to see detailed report
22315
Monthly Market Statistics - Detailed Report, November-2011
http://173.203.29.47/get_report.php?action=pdf&loc_type=5&loc_id=22315&time_period=201111
Real Estate News for Burke, VA / Fairfax County - Wednesday March 31st, 2010 8:54am
August 2011 Year To Date update. Please copy and paste this link into your browser!
http://173.203.29.47/get_report.php?action=pdf&loc_type=5&loc_id=22015&time_period=201108
Real Estate News for Burke, VA / Fairfax County - Thursday February 11th, 2010 11:27am
January 2010 Year to Date
Please copy and past this link into your browser
http://www.mris.com/reports/marketupdate/Fairfax%20County.pdf
Contact Information
Martina Burns RE/MAX
703-650-8533
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Blog Archives
March 2010 (1)
February 2010 (2)
January 2010 (1)
December 2009 (4)
November 2009 (1)
October 2009 (3)
Mortgage Rates
– May 28th, 2012 –
---------------------------------
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!
Martina Burns RE/MAX
RE/MAX Allegiance
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 703-650-8533
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