Sterling Real Estate Market Conditions & Reports, Sterling Market Trends, Virginia

Market Commentary Provided by Maggie DelGallo
Foreclosures are already bank-owned properties and are not like short sales. There are many short sales in our market and you should do your homework on short sales before entering into any contract offer to purchase a short sale.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Maggie DelGallo
#1 Home Buyer's GUARDIAN Metro Realty
Reston, Virginia
703-932-7718
maggie@sellingvahomes.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$325,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 25-30%

Prices As % of Asking Price

85-90%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Sterling is

Seller Activity for the past 90 days in Sterling is

Is Financing Available For Qualified Buyers in Sterling?

Existing Home Prices for the past 90 days are

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

Housing Hot Spots

Arlington,Alexandria,Fairfax,AshburnWe have more listings on the market due to the heavy foreclosure market.

Reason to Buy/Sell

Other

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.

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