In 2008, there was never a shortage negative real estate news from the national media. Record foreclosures for sale and record days on the market would make a lot of buyers think twice about investing in real estate. Buyers should always remember that real estate is local, and in December 2008, locally we did pretty good with homes sales in Alexandria Virginia and the surrounding areas.
Here are the numbers to support how we did, for the month of December:
While December is often viewed as a "slow month" in terms of volume and units sold, the statistics show that area Alexandria City, Arlington County, and Fairfax County buyers did not show too much hesitation in terms of submitting offers on properties. Specifically in the condo market, in Arlington County, 30 condos for sale went under contract in December '07, whereas 47 condos went under contract in December '08. Likewise in Alexandria City, 21 condos for sale went under contract in December '07, and 50 went under contract in December '08. And in Fairfax County, 81 condos for sale went under contract in December '07 and 127 went under contract in December '08.
In these three areas (Arlington County, Alexandria City, and Fairfax County) there were 612 condos, townhomes, and single-family detached homes for sale that went under contract in December '07, and 1117 in December '08, an increase of 82.52%.
Price is still the #1 determining factor when it comes to selling your home quickly. Lower priced condos are being absorbed in higher volumes than townhomes and single-family homes for sale in our area. In Alexandria City, 7 homes under $100k were sold, 18 homes priced between $100,000-$199,999 sold; and 14 homes priced between $200,000-$299,999 sold. The remaining price points all sustained single-digit sales activity last month.
The year 2007 introduced short sales and bank foreclosures, and in 2008, thankfully, many of these distressed properties were absorbed. You should expect to see more short sales in 2009, and bank foreclosures that get sold quicker because the banks are catching on to working with agents (Yea!) to get homes sold.
As short sale specialists, we work with a team of agents and attorneys to negotiate with banks. And to help non-distressed sellers, we offer a 131 Point Marketing Plan to get your home sold quickly.
We look forward to working with you in 2009 to help you with your real estate needs. Please continue to use our free tools to search the MLS for homes for sale, stay informed of homes sold in your neighborhood, get your home sold!
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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.
Call me at 703-623-8759.
Visit my website and Search MLS Listings of Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.
I know you're just dying to know!!!!! But in 2008, approximately 4,130 people bought a home for sale in Alexandria VA!!!
From Alexandria City, to Alexandria of Fairfax County, over 4,000 buyers studied, searched the MLS, got approved for mortgages, viewed condos, townhomes, duplexes, single-family, luxury, and new construction homes for sale, worked with a buyers agent, submitted offers, negotiated, inspected, and CLOSED ON A NEW HOME!
You won't hear that on CNN or MSNBC, why? Because real estate is and always will be LOCAL!!!
In the sellers market, you were probably afraid NOT to buy because the prices were going up. You probably thought the prices were going to go up forever so you couldn't wait. You wanted to compete, waive contingencies, buy a home without even looking at it, and pay more than the asking price.
Now, you can be picky. You can see more homes, and you can probably see them more than once before making a decision to buy. You can negotiate, you can offer less than the asking price, you can ask for closing cost assistance, you can ask for repairs, you can get a KICK A-- interest rate, and you can PAYLESS if it APPRAISES for less.
You have all of the ingredients to buy the cheapest house in the most desireable zip code, school district, or neighborhood of your choice. Try waiting for the bottom, and all you'll get may be leftovers.
See Also: Don't Wait To Buy Alexandria VA Real Estate | It May Cost Your More
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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.
Call me at 703-623-8759.
Visit my website and Search MLS Listings of Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.
Old Town Alexandria Real Estate and Homes For Sale
540 West Street in Alexandria VA 22314
Colecroft Townhome | Walk To Braddock Road Metro
$549,900
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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.
Call me at 703-623-8759.
Visit my website and Search MLS Listings of Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.
Are you ready to take advantage of the current housing market and buy a home for sale in Alexandria VA, or are you going to gamble and 'let it ride'? I love going to Las Vegas, but I'm not a gambler. I usually see at least two to three shows every time I go, because I like to see the performers do their thing, and I'd rather spend time enjoying the show and laughing with family and friends, than letting a slot machine eat up my hard earned money.
Nobody knows the exact date and time the national real estate market will fully rebound. Nobody knows the exact date and time when the house you buy in Alexanria VA today will be worth twice as much as you paid. Nobody knows the exact date and time when Alexanria VA foreclosures will go back to being few and far between.
What we do know, is that waiting to buy real estate in Alexandria VA and gambling on both sales prices and interest rates is risky, and can be very costly. Starting January 1, 2009, the required minimum down payment for all homes financed with an FHA loan will increase from 3.0% to 3.5%. Couple an increased down payment with an increase in interest rates and you will be sucker punched into spending more for housing by not taking advantage of the window of opportunity that is already starting to close.
In the past sellers market, the demand for homes for sale in Alexandria VA was so great that the objective for many buyers was to find a suitable home. Today, concentrate on finding the cheapest home in the best neighborhood. Buyers right now have a royal flush when it comes to buying real estate in Alexandria VA:
Click here to view our customized spreadsheet that shows how much waiting to buy a home can cost you.
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Buying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes condos, townhomes, and single-family homes for sale.
Call me at 703-623-8759.
Visit my website and Search MLS Listings of Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home. Not selling but curious about the homes for sale in your neighborhood, visit http://www.movingtonova.info/ for FREE Market Snapshot reports and stay informed whenever a home is listed or sold in your neighborhood.
Belle Haven Real Estate Home For Sale | Open House This Sunday 6038 Fort Hunt Road Alexandria VA Potomac River Views
Beautiful Cape Cod With Porch In Belle Haven in Alexandria VA
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Alexandria VA real estate buyer agent and listing agent. Helping distressed homeowners with short sales. Specializing in the areas of Old Town, Del Ray, Kingstowne, Manchester Lakes.
After consulting and software/database programming, I decided to pursue my real estate career full-time...and never looked back! While there are days that I sincerely miss programming, it can never take the place of the satisfaction I feel when I help a family find their new home. I have always had a fascination with houses. Before I was licensed, I would often spend my spare time visiting model homes in the area and going to home-buying seminars. My education and previous experience as a consultant is the foundation for my success as a Realtor. My business degree laid the groundwork for real estate. I have extensive knowledge and training in Economics, Accounting, Computer Technology, Marketing, Finance, and Management. Transitioning from corporate/government consulting to real estate consultant was very smooth. I have always been in a ‘people' atmosphere, and my technical skills help me when I work with both buyers and sellers! For over eleven years, I have helped many families in Northern Virginia buy and sell homes. Locally, I have helped renters become first-time homebuyers, and then move-up buyers. And I have helped sellers with their cross-country moves when the time came for them to leave the area. My past clients continuously reward me with referrals of friends, neighbors, family members, and other co-workers. That is the greatest compliment that I can receive. Designations & Affiliations: NVAR Education Advisory Committee Member RE/MAX Platinum Club 2004, 2005 RE/MAX 100% Club 2002, 2003, 2006, 2007 Associate Broker Accredited Buyer Representative Graduate, Realtor Institute Certified Residential Specialist Certified New Home Sales Professional e-Pro Licensed in Virginia and Washington DC
For the past twelve years, I've been helping first-time buyers move up from renter to proud homeowner. I've also helped many military families with relocation and take advantage of the military benefits such as the VA loan, with ZERO money down. As a Certified Relocation Specialist, I also help government and corporate transferees make a smooth transition to the area. My clients are also moving up as a result of different life stages, and when they need help selling a current home and buying another, I'm able to offer a high-impact marketing strategy that showcases their home on multiple websites to a wide audience of buyers.
When it comes to listings and homes for sale in Alexandria VA, my areas of expertise includes condos, townhomes, and single-family homes in Old Town (22314), Del Ray (22301 and 22305), Kingstowne (22315), Manchester Lakes (22310), Greater Mount Vernon (22306, 22307, 22308, 22309), and the nearby surrounding areas.
Here's what some of my past clients had to say...
I look forward to her unchallenging commitment.
I look forward to her unchallenging commitment in our quest to purchase another home and am confident that she will be there every step of the way with the kind of professionalism we have come to expect from her.
K. and G. Pollard, Woodbridge
I was made to feel important during the entire process.
" I would like to take this opportunity to thank you and tell you how pleased I was with the great service you provided. Starting with our first contact through closing, I was given expert advice, information, suggestions, and constant support.
You understood exactly what I was looking for in my first home purchase and with this understanding; you worked hard to find a house which met all my needs and desires. It was a pleasure working with you and I look forward to working with you in the future. Because of the great service and professionalism you exhibited, I will not hesitate to recommend you to my friends and co-workers looking for a truly professional real estate agent."
C. Nunley, Lorton
We would definitely recommend you to anyone who is looking to buy or sell in Northern Virginia.
We would like to extend a warm and heart-felt thank you for all of the hard work you did for us. It's amazing when I look back at the timeline, how quickly everything happened. We met for the first time around mid-July, you put my condo up for sale and got a contract around mid-August, then you found us the exact type of house we wanted and we settled mid-September! That's amazing! And thank you so much for the beautiful pictures on CD of our home!
K. and Z. Walker, Alexandria
Thanks for all your help!
It was a pleasure to work with you again. As usual, your professionalism, compassion, and enjoyment in your work, makes your clients feel at ease.
J. Fisher, Woodbridge (Repeat Client)
We can't thank you enough for all that you've done!
Thank you very much for your thoughtful and generous house warming gift. You have been an integral part of our homebuying experience from start to finish, and we can't thank you enough for all that you've done!
L. and T. Hynson, Woodbridge
Your professionalism was super!
I always knew what was going on because you supplied complete lists of what to expect. Your estimate of my proceeds was accurate and you handled all problems with a wonderful calm. I will definitely recommend you to everyone.
C. Rodriguez, Dumfries
I look forward to helping you 'Make That Move'!
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