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Spring 2012 Market Update
The market has changed from a seller’s market to a buyer’s market. Buyers are able to negotiate more than they have been able to within the last five years. Buyer’s can also ask for and receive closing cost assistance from the seller in many cases if an agent with strong negotiating skills is used. Contact your Realty World agent at 877-765-3214 for more info on how to take advantage of this buyers market.
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| Average Home Price | $225,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 5-10% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Dale City is | Increasing |
| Seller Activity for the past 90 days in Dale City is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | agressively priced properties bringing in multiple offers |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Washington, D.C. |
| Housing Hot Spots | Dale City has many places that are popular to buy into. Specifically, the new section of Dale City and near Rte. 1 |
| Average Sold Price | $225,000 - View Graph Trend |
Dale City Local News
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...
Contact Information
Realty World Select Team
540-371-7653
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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
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Request More Information Let me answer your questions! Ask Me!
Realty World Select Team
Realty World Select
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 540-371-7653
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