Potomac Falls and Lowes Island Real Estate Market Conditions & Reports, Potomac Falls and Lowes Island Market Trends, Virginia

Market Commentary Provided by Natalie Bryant
If you can qualify, now is an exceptional time to buy a home in Potomac Falls and Lowes Island. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Natalie: 703-568-1731

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Natalie Bryant
National Realty
Reston, Virginia
Natalie: 703-568-173
NatalieBryant@MRIS.com
Agent Home Page

Nearest Metro Area

Northern Virginia

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

10-30 days

Market Trend

Decreasing

Housing Inventory

Very tight market

Inventory Comments

The market is really picking up. I am seeing multiple offers and limited inventory. 2009 is still a great time to buy. Take advantage of the 8k tax credit . call me to discuss anything real estate I am in the office today. 703-860-4600 ext 430

Average Home Price

$325,000 - View Graph Trend

Best Selling Price Range

$300,000 - $349,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Up 5-10%

Prices As % of Asking Price

100%

Multiple Offers?

Yes

Multiple Offers Commentary

Sellers are most definitely receiving multiple offers it is competetive go in with you highest and best

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Potomac Falls and Lowes Island is

Increasing

Seller Activity for the past 90 days in Potomac Falls and Lowes Island is

No Change

Is Financing Available For Qualified Buyers in Potomac Falls and Lowes Island?

Yes

Comments on Financing For Qualified Buyers

Call me for a list of very good mortgage professionals

Existing Home Prices for the past 90 days are

Increasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

35-40%

Housing Hot Spots

Anywhere near Dulles Airport this area is booming!! I see more homes selling and prices on the rise. The day of the great deal is slowly diminishing!

Reason to Buy/Sell

Good economic news

Average Sold Price

$325,000 - 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...