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Market Trends
Commentary Provided byPeggy Shull If you can qualify, now is an exceptional time to buy a home in Dumfries. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 571-213-5055 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Washington DC | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | 30-60 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Limited Supply | ||
| Average Home Price | $275,000 - View Graph Trend | ||
| Best Selling Price Range | $200,000 - $249,000 | ||
| Worst Selling Price Range | $650,000 - $699,000 | ||
| Compared to Last Year | Up 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Dumfries is | Increasing | ||
| Seller Activity for the past 90 days in Dumfries is | Increasing | ||
| Is Financing Available For Qualified Buyers in Dumfries? | Yes | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% | ||
| Housing Hot Spots | Woodbridge, Lakeridge, Stafford--Most cities within the Prince William County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $275,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Peggy Shull
Keller Williams Realty Alexandria, Virginia 571-213-5055 pshullre@comcast.net Agent Home Page 
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Dumfries Local News
News for Dumfries, VA - Friday October 9th, 2009 5:37pm
A builder in Dumfries has two lots left--one is an acre the other 1/2 acre--He is offering for less than $350K a 3 level colonial, Stainless Steel Appliances, granite in the kitchen, 4 bedrooms, 2 1/2 baths on 2 finished levels--a library or study , separate dining room, living room, family room--rough in for a bath in the basement--2 car garage. SF finished 2400, unfinished appox 1000
What a deal!!!Public water and Public Sewer--delivery in approx 4 months. Call me if interested 571-213-5055
Buy in Virginia with no down payment!! See if you qualify. - Wednesday September 16th 2009
If you make less than $86,900 dollars a year, singly or as a married couple, you can buy a house with nothing down. The state of Virginia offers the VHDA program which grants money to the buyer to fund a downpayment and some of the closing costs--the rest of the closing costs can be funded by the seller as a seller subsidy--what a deal! give me a call or send me an email to learn more.
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571-213-5055
