IS IT TIME TO BUY A HOME? YOU BET IT IS!
PRICES ARE INCREASING FOR REAL ESTATE BUYERS IN NORTHERN VIRGINIA.
| COUNTY | Mar-09 | Feb-09 |
| Arlington | $489,522 | $457,955 |
| Fairfax | $378,347 | $374,856 |
| Loudoun | $347,419 | $325,606 |
| Prince William | $210,060 | $204,378 |
| Stafford | $230,573 | $223,321 |
| Average | $331,184 | $317,223 |
AVERAGE SOLD PRICES IN NORTHERN VIRGINIA HAVE INCREASED BY AN AVERAGE 3.8%.
| Arlington County | 6% |
| Fairfax County | 1% |
| Loudoun County | 6% |
| Prince William County | 3% |
| Stafford County | 3% |
| Average Increase | 3.80% |
INTEREST RATES ARE THE LOWEST IN MEMORY. Low interest rates will save you money over the years.
| LOAN AMOUNT | Principle & Interest Monthly Payment | |
| 5% | 6% | |
| $200,000 | $1,073.64 | $1,199.10 |
| $250,000 | $1,342.05 | $1,498.88 |
| $300,000 | $1,610.46 | $1,798.65 |
| $350,000 | $1,878.88 | $2,098.43 |
| $400,000 | $2,147.29 | $2,398.20 |

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.
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Fantastic! Just one more item to show that the economy is starting to turn. I heard that in January Atlantic and Cape May counties in NJ increased; I'm only one county north of them.
Buy, people, buy!
Lenn I think that this is the first report that I have seen that the prices have gone up. Everything that I have seen show prices still going down. I hope you guys are the start of this trend changing.
Lisa. This is just one month, but it's significant. Our figures were just released today.
George. Don't look at year over year. Look at the last two months.
Fantastic information Lenn; as always. I love that you show what a difference a percent on an Interest Rate can make!
James. THAT is one of the most important reasons for folks to get off the fence.
I like the way you presented the info and the stats Lenn. I will have to tweek the way I present my local area info more.
Michael. Thanks. Just getting the word out. Too many fence sitters.