John Alfasi

Fredericksburg Real Estate Market Conditions

06-01-10

Last month we considered the impact of the expiring tax credits (must have had a ratified contract by April 30^th to qualify). Memorial Day is now in our rear-view mirror and the impact on the local Fredericksburg Real Estate market appears to be minimal. The market segment that was most impacted by the tax credit (homes priced under $300k) continues to be vibrant with a high level of activity. In my opinion this is due to a host of factors but these three are most important:

1) Interest rates have remained low and, in fact, hit extremely low levels under 5% over the past couple of weeks.

2) As the tax credit expired some sellers of unsold homes decreased list prices to compensate and sellers generally became more flexible.

3) After several years of turmoil in the real estate market prices have dropped to a level of affordability for many potential buyers who have been patiently waiting for become homeowners.

Higher priced homes continue to lag and sale prices are still soft. For upscale buyers there are some great bargains to be had, particularly considering the record-low interest rates. Opportunities abound for those willing to seize the moment!

For more information on current market conditions check out the presentation in the following link. Select the "Southern Region" for the appropriate presentation.

http://www.mris.com/reports/stats

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John Alfasi
RE/MAX Allegiance A Team

John Alfasi: Real Estate Agent in Fredericksburg, VA

Office: (540) 373-2800 x165

Mobile: (540) 907-5280
Secondary: (540) 735-1565

Residential Real Estate Sales focusing on the Greater Fredericksburg Region including the City of Fredericksburg and the counties of Spotsylvania, Stafford, King George, Caroline, and Orange.

The A Team

As a dedicated Real Estate professional my mission is to provide you with the highest level of service possible geared toward making your experience both rewarding and stress-free. From the very beginning I commit myself to helping you make a sound home buying or selling decision. As your REALTOR®, I am qualified to guide you through selling or buying your home and my experience in finance, contracts, negotiating and marketing allows me to offer you the greatest advantage. I adopt your dreams and aspirations as mine and I look forward to being a valuable resource to you and your family in all your Real Estate needs.

For an update presentation on our local market conditions please select the following link.

http://www.mris.com/reports/stats

Areas of Expertise

My business focus is primarily residential and geographically based, choosing to center activities within a 30 mile radius of Fredericksburg and staying within the confines of residential properties so I can be sure to retain a high-level of familiarity and expertise and provide my clients with the highest level of professional service. I enjoy working with all my clients from first-time buyers to sellers of luxury homes and have experience with transactions of all types.

Testimonials

John Alfasi assisted us in finding and buying a fine house. He helped us persevere through this turbulent housing market until finally we were able to purchase a house. We survived the ups and downs of finding a house, making an offer, going under contract, then for some reason beyond our control, the deal would fall apart. We experienced this emotional roller coaster several times until finally a deal went through. John was always on top of the situation. He was always a strong advocate for us. He provided us with meaningful and honest information. John’s wisdom and experience is priceless. I highly recommend Realtor John Alfasi. -- Carole Hile

Thank you so much for your hard work in meeting or real estate needs! We have the utmost confidence in you and truly enjoyed working with you. We are pleased to pass your name along to anyone in need of a fantastic Realtor. -- Samantha Hughes