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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Tysons Corner. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 703-967-2675
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| Average Home Price | $675,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 15-20% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $950,000 - $999,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Tysons Corner is | Decreasing |
| Seller Activity for the past 90 days in Tysons Corner is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Sellers are receiving multiple offers from buyers with pre qualified home loans. |
| 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 | Yes, there is high quality financing for MOST buyers in the area. |
| Housing Inventory | Limited Supply |
| Inventory Comments | Housing inventory is in a limited supply because buyers are acting fast on quality homes coming to the market. Buyers are trying to preposition themselves to take advantage of the New Metro coming to the area in mid-2013. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Washington |
| Housing Hot Spots | Most cities within the Fairfax County area are considered ’Housing Hotspots’, Vienna, McLean and Fairfax. |
| Average Sold Price | $675,000 - View Graph Trend |
Tysons Corner Local News
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...
Contact Information
Lisa Langlais Realtor ABF SFR SRES
703-967-2675
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Lisa Langlais Realtor ABF SFR SRES
Keller Williams Realty-Kingstowne
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 703-967-2675
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