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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Dunn Loring. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 703-855-7696
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| Average Home Price | $825,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 10-30 days |
| Best Selling Price Range | $750,000 - $799,000 |
| 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 | Decreasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Dunn Loring is | Increasing |
| Seller Activity for the past 90 days in Dunn Loring is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Sellers are getting multiple offers due to the increase in the job market and also the low inventory of the homes in the Dun Loring area. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing Is Available for all Buyers who are Qualified in the area of Dun Loring. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The Housing Inventory Description for the Dun Loring area is increasing but only by 33.3% |
| Greatest Activity | Repeat 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’ |
| Average Sold Price | $825,000 - View Graph Trend |
Dunn Loring Local News
News for Dunn Loring, VA - September 21st, 2011 2:35pm
The median sales price for homes in ZIP code 22027 in Dunn Loring from Jun 11 to Aug 11 was $740,000 based on 9 sales. Compared to the same period one year ago, the median sales price increased 19.6%, or $121,500, and the number of sales increased 350%. Average price per square foot for homes in 22027 was $263, an increase of 1.5% compared to the same period last year. There are currently 10 resale and new homes in ZIP code 22027, including 1 open house, as well as 1 home in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 22027 was $887,990 for the week ending Sep 14, which represents a decrease of 7.7%, or $73,581, compared to the prior week.
Contact Information
Roger Nakazawa
703-855-7696
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Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
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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