Northern Virginia Real Estate is a Buyers’ Market - Let’s Go Shopping.
October 7th, 2008 by admin
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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
| County | Average List Price | Active Listings | # Foreclosures |
| Arlington | $581,477 | 1119 | 17 |
| Fairfax | $456,727 | 7545 | 344 |
| King George | $283,403 | 266 | 1 |
| Loudoun | $367,149 | 2756 | 106 |
| Prince William | $251,384 | 4309 | 433 |
| Stafford | $278,918 | 1270 | 56 |
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.
This entry was posted on Tuesday, October 7th, 2008 at 5:31 pm and is filed under Northern Virginia Market Report. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
