Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Seven Corners. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 703-855-7696

Average Home Price $650,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 10-30 days
Best Selling Price Range$600,000 - $649,000
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 Increasing
Buyers’ or Sellers’ Market Equal buyers and sellers
Buyer Activity for the past 90 days in Seven Corners isIncreasing
Seller Activity for the past 90 days in Seven Corners is?Increasing
Multiple Offers?Yes
Multiple Offers CommentarySellers Are Getting Multiple Offers On The Inventory Of The Homes Currently On The Market Due To The Location
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
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 Seven Courners
Housing Inventory Good supply - Some Prices
Inventory CommentsHousing inventory has decresed due to the job market increase 0.8% in Fairfax County
Greatest Activity Repeat Buyers
Reason to Buy/Sell Job Growth
Nearest Metro AreaWashington DC
Housing Hot SpotsMost cities within the Fairfax County area are considered ’Housing Hotspots’
Average Sold Price $650,000 - View Graph Trend

Seven Corners Local News


News for Seven Corners, VA - September 21st, 2011 3:04pm
The median sales price for homes in ZIP code 22044 in Seven Corners from Jun 11 to Aug 11 was $178,750 based on 24 sales. Compared to the same period one year ago, the median sales price decreased 52.7%, or $199,316, and the number of sales decreased 45.5%. Average price per square foot for homes in 22044 was $270, an increase of 3.4% compared to the same period last year. There are currently 33 resale and new homes in ZIP code 22044 on the research conducted , including 1 open house, as well as 28 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 22044 was $575,626 for the week ending Sep 14, which represents an increase of 0.9%, or $4,928, compared to the prior week. Popular ZIP codes in Seven Corners include 22042 and 22046, with average listing prices of $512,016 and $661,982

News for Seven Corners, VA - August 22nd, 2011 2:08pm
Average price per square foot for Seven Corners VA was $248, an increase of 6% compared to the same period last year. The median sales price for homes in Seven Corners 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 Seven Corners 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 Seven Corners VA was $557,959 for the week ending Aug 10, which represents a decrease of 0.1%, or $369, compared to the prior week.
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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%

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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.

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Roger Nakazawa
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Roger Nakazawa
Olympic Realty
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