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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Herndon. Low rates with make a home purchase a great value! Call now for more information at 703-855-7696
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| Average Home Price | $350,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Herndon is | Increasing |
| Seller Activity for the past 90 days in Herndon is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | some. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | getting much better for jumbo loans. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Higher priced homes more difficult to sell. |
| 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’ |
| Average Sold Price | $350,000 - View Graph Trend |
Herndon Local News
News for Herndon, VA - September 21st, 2011 2:41pm
Average price per square foot for Herndon VA was $237, an increase of 10.7% compared to the same period last year. The median sales price for homes in Herndon VA for Jun 11 to Aug 11 was $418,000 based on 219 home sales. Compared to the same period one year ago, the median home sales price increased 6.9%, or $27,000, and the number of home sales decreased 22.3%. There are currently 154 resale and new homes in Herndon , including 4 open houses, as well as 130 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Herndon VA was $525,943 for the week ending Sep 14, which represents a decrease of 1.5%, or $8,042, compared to the prior week
News for Herndon, VA - August 22nd, 2011 2:04pm
Average price per square foot for Herndon VA was $248, an increase of 6% compared to the same period last year. The median sales price for homes in Herndon VA for May 11 to Jul 11 was $392,500 based on 100 home sales. Compared to the same period one year ago, the median home sales price increased 9%, or $32,500, and the number of home sales decreased 43.5%. There are currently 515 resale and new homes in Herndon on Trulia, including 5 open houses, as well as 263 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Herndon VA was $557,959 for the week ending Aug 10, which represents a decrease of 0.1%, or $369, compared to the prior week.
Contact Information
Roger Nakazawa
703-855-7696
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Blog Archives
Mortgage Rates
– Feb 23rd, 2012 –
---------------------------------
30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
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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