PRICE DECLINES IN NORTHERN VIRGINIA COUNTIES BETWEEN JULY 2006 and JULY 2009.

DECLINES IN NORTHERN VIRGINIA COUNTIES BETWEEN JULY 2006 and JULY 2009.

The decline in home prices have encouraged many home buyers into the market. First time home buyers and looking for well priced homes and investor buyers are looking to foreclosures for rental properties.

YES, PRICES ARE ATTRACTIVE. Home owners in Maryland experienced significant price declines between July 2006 and July 2009. Properties in some counties declined in price more than others as a percentage of the SOLD price.

Some counties have depreciated more than others. Transportation alternatives, public school ranking are some of the factors that contribute to a buyer's selection of areas. Proximity to employment is usually a huge factor. Our speculation is a reflection of our experience in the market place and the stated reasons that home buyers give as their preference for location, location, location.

The #1 reason prospective buyers give for wanting to buy a home in Fairfax and County is the public school ranking. A high number of Fairfax County prospective buyers are also seeking luxury homes in McLean, Great Falls and Vienna. These luxury home markets attract a unique buyer.

Fairfax County has a large percentage of luxury homes and highly ranked public schools.

Loudoun County offers popular public schools and a rural atmosphere.

Prince William County is popular with first time buyers seeking value.

Stafford County is popular with buyers seeking a growing county with popular public schools

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

For real estate help in Northern Virginia, contact Lenn. We are local agents and brokers serving home buyers and can help you find the very best home for your money. Want to take a tour of homes? Just call Lenn at, 800-711-7988.

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