Maryland and Virginia Real Estate and Homes Blog

THE FORECLOSURE MARKET HAS JUST ABOUT EVAPORATED IN NORTHERN VIRGINIA.

Rethink your home buying strategy and Homefinders.com will help you find a well priced home in Northern Virginia.  Regular listings predominate.  There are a number of Short Sale Listings.  They take patience but they can be a good buy.

Contact Lenn Harley, Broker, Homefinders.com, 800-711-7988

NORTHERN VIRGINIA MARKET REPORT FOR SINGLE FAMILY HOMES LOOKING BACK TO 2004

REAL ESTATE IN NORTHER VIRGINIA IS THE BEST PRICE IN ABOUT 5 YEARS.

Alexandria City * Arlington City/County * Fairfax County * Fauquier County * King George County

Loudoun County * Prince William County * Spotsylvania County * Stafford County

Track SOLD prices from November 2004, 2007 and 2008. 

Examples of homes in Northern Virginia beginning January 1, 2009 in the average price ranges.

Alexandria Homes - $600,000      Arlington Homes - $650,000 Range   Fairfax Homes - $575,000 Range

Warrenton Homes - $275,000        King George Homes - $300,000       Lovettsville - $500,000 w/Acreage

    Dale City - $275,000                          Orange VA - $250,000                           Stafford VA - $270,000

HOMES FOR SALE IN NORTHERN VIRGINIAare at an all time high inventory. Home buyers have a wonderful opportunity to buy at the best price in five years. Homefinders.com is on top of the pricing trends and will give you the best and latest information about the market to help you get the very best price, terms and condition possible.

• Click Image to  SEARCH ACTIVE LISTINGS OF
• HOMES FOR SALE in Northern Virginia.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail. 

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THE HOUSING MARKET IS HAVING THE SALE OF THE CENTURY.  HOME PRICES IN NORTHERN VIRGINIA ARE THE LOWEST SINCE ABOUT 2003.  Buyers waiting for the market to reach the “bottom”, need to go shopping. 

FORECLOSURES ARE SELLING.  Short Sales are moving.  Home owners who must sell because of job transfers, family growth, good deal on new construction or other reasons have dropped prices dramatically and in many cases, will help buyers with closing costs.   

NORTHERN VIRGINIA REAL ESTATE IS ON SALE

FHA Financing is available for financing for all of the average price ranges above. 

VA financing is available for all of the above price ranges with NO DOWN PAYMENT and the seller can pay all of the buyer’s closing (negotiable).   Many homes are affordable for VA buyers reassigned to Northern Virginia through BRAC transfers. 

NORTHERN VIRGINIA REAL ESTATE MARKET REPORT MAY 2004 - MAY 2008. MEMO: The statistics below is the reason it’s a good time to buy a home in Northern Virginia. Sellers who keep their prices high do not sell. Sellers who price to sell, DO.

We are still in a buyer’s market.

HISTORY OF SOLD PRICES AND NUMBERS OF PROPERTIES SOLD IN MAY 2004-2008, includes Single Family Homes in Northern Virginia, Town Homes in Northern Virginia and Condo Homes in Northern Virginia.

Closed sales May 2008 - 165 / Average SOLD price - $518,773
Closed sales May 2007 - 221 / Average SOLD price - $546,522
Closed sales May 2006 - 225 / Average SOLD price - $535,381
Closed sales May 2005 - 342 / Average SOLD price - $498,880
Closed sales May 2004 - 291 / Average SOLD price - $413,628

ARLINGTON COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 194 / Average SOLD price - $544,742
Closed sales May 2007 - 337 / Average SOLD price - $582,742
Closed sales May 2006 - 293 / Average SOLD price - $591,376
Closed sales May 2005 - 386 / Average SOLD price - $547,111
Closed sales May 2004 - 342 / Average SOLD price - $432,965

CULPEPER COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 52 / Average SOLD price - $291,578
Closed sales May 2007 - 43 / Average SOLD price - $561,935
Closed sales May 2006 - 71 / Average SOLD price - $372,035
Closed sales May 2005 - 108 / Average SOLD price - $333,736
Closed sales May 2004 - 75 / Average SOLD price - $292,659

FAIRFAX COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 1099 / Average SOLD price - $495,235
Closed sales May 2007 - 1331 / Average SOLD price - $561,935
Closed sales May 2006 - 1664 / Average SOLD price - $557,641
Closed sales May 2005 - 2526 / Average SOLD price - $538,015
Closed sales May 2004 - 2277 / Average SOLD price - $439,294

FAUQUIER COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 38 / Average SOLD price - $544,942
Closed sales May 2007 - 58 / Average SOLD price - $493,979
Closed sales May 2006 - 97 / Average SOLD price - $511,728
Closed sales May 2005 - 132 / Average SOLD price - $625,107
Closed sales May 2004 - 125 / Average SOLD price - $385,615

KING GEORGE COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 9 / Average SOLD price - $317,361
Closed sales May 2007 - 35 / Average SOLD price - $307,170
Closed sales May 2006 - 33 / Average SOLD price - $348,226
Closed sales May 2005 - 35 / Average SOLD price - $302,993
Closed sales May 2004 - 23 / Average SOLD price - $252,770

LOUDOUN COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 424 / Average SOLD price - $407,644
Closed sales May 2007 - 501 / Average SOLD price - $534,194
Closed sales May 2006 - 536 / Average SOLD price - $561,051
Closed sales May 2005 - 892 / Average SOLD price - $517,556
Closed sales May 2004 - 793 / Average SOLD price - $419,424

PRINCE WILLIAM VIRGINIA HOMES SOLD

Closed sales May 2008 - 558 / Average SOLD price - $294,862
Closed sales May 2007 - 475 / Average SOLD price - $409,616
Closed sales May 2006 - 740 / Average SOLD price - $448,823
Closed sales May 2005 - 1186 / Average SOLD price - $416,493
Closed sales May 2004 - 966 / Average SOLD price - $322,723

SPOTSYLVANIA COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 91 / Average SOLD price - $307,211
Closed sales May 2007 - 161 / Average SOLD price - $349,610
Closed sales May 2006 - 240 / Average SOLD price - $338,647
Closed sales May 2005 - 309 / Average SOLD price - $322,543
Closed sales May 2004 - 269 / Average SOLD price - $249,278

STAFFORD COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 118 / Average SOLD price - $317,049
Closed sales May 2007 - 153 / Average SOLD price - $404,703
Closed sales May 2006 - 207 / Average SOLD price - $431,373
Closed sales May 2005 - 302 / Average SOLD price - $382,234
Closed sales May 2004 - 281 / Average SOLD price - $303,153

WESTMORLAND COUNTY VIRGINIA HOMES SOLD

Closed sales May 2008 - 14 / Average SOLD price - $236,854
Closed sales May 2007 - 19 / Average SOLD price - $307,068
Closed sales May 2006 - 25 / Average SOLD price - $272,819
Closed sales May 2005 - 28 / Average SOLD price - $252,403
Closed sales May 2004 - 22 / Average SOLD price - $185,938