Thursday, October 30, 2008

The NOVA HOME GUY Profiles Victory Lakes - Bristow, Virginia 20136


This week we find the NOVA HOME GUY styling and profiling another community. This time it is Bristow, Virginia located in Prince William County Virginia. More specifically, it's a community withen Bristow, Virginia named Victory Lakes.



Braemar in unincorporated Bristow Virginia is one of the earliest and largest of the Golden Triangle's planned communities. Braemar and neighbor Victory Lakes form the heart of the new Bristow VA.Where is Braemar?
I-66 West to Prince William Parkway.
South to Sudley Manor Rd.
West/South to Linton Hall Rd.Barely a crossroads with a few farm houses from the civil war era to the 21st century, Bristow joined neighbors Gainesville and Haymarket VA in
Prince William County's upscale housing boom during the 2000s. To read the NOVA HOME GUY'S entire profile of this community click here If you want to see what homes are currently listed For Sale in Bristow, Virginia Click on the Link. If you would like to see what homes are currently listed FOR SALE in the community of Victory Lakes, click on the link. Are you Ready To... Call Prince William County Home? Contact Keller Williams Realty in Prince William County Virginia today.

Fairfax County Real Estate - Average VS Median Sales Prices




(1) Average VS Median Sales Price in Fairfax County Virginia


(2) The Median Sales Price In Fairfax County Virginia



(3) Average Sales Prince in Fairfax County Virginia



These Numbers are only through September 2008






Whether you are currently Listing your home For Sale in Fairfax County Virginia, are are considering selling your Fairfax County Home take a look at these charts.













Loudoun County Real Estate - Average vs Median Sales Prices

Below Are Charts Showing:

(1) Average VS Median Sales Price In Loudoun County Virginia
(2) The Median Sales Price In Loudoun County Virginia
(3) Average Sales Price In Loudoun County Virginia
These Numbers are only through September 2008 of this year








Whether you are currently Listing your home For Sale, or are considering selling your home in Loudoun County, Virginia, take a look at these charts





Wednesday, October 29, 2008

Federal Reserve Board Reduces Rates By 1/2 Point

This is The second 1/2 point reduction in the same month. This means that the Fed Funds Rate went from 1.5% to 1%. This is the rate that banks charge on overnight loans. The last time the Feds Funds Rate was this low was back in 2003 -2004. Th last time this rate was lower was in 1958. This will hopefully cause banks to start lending to one another. To read the entire article and reason why The Fed did what it did today click on the Title of this post. In short This rate matters because it is meant to stimulate the economy! If banks will not lend to one another or give a loan to a business, the market comes to a halt. Sometimes it is important to talk about these "Snoring Issues", both to educate those that dont understand how truely important the Fed Funds Rate is to our economy, as well as making this blog an informative source of information for those that visit our blog. Most Real Estate Agents dont get this indepth about different interests rates and how they effect our economy and therefore the Real Estate Market Nationwide. Now then to clarify things a little more: Whenever the Fed Fund Rate is lowered does NOT mean that Intrest Rates for things like HOMES goes down. They could, but there is NO guarantee that this could happen. Infact, rates for homes could even go up.

Tuesday, October 28, 2008

Northern Virginia Home Sales Report - September 2008

The Following Chart shows September 2008 Homes Sales Report according to the Northern Virginia Association Of Realtors. As you will see Home Sales have increased compared to the same time last year. However, The Average Home Price, as well as the Median Home Price have decreased between 20% and 23% respectively.

NORTHERN VIRGINIA AREA*
HOME SALES REPORT
September 2008

2008 2007

SEPTEMBER HOME SALES2008 2007
Detached

674

424

Attached

554

301
Condos & Co-ops
422347
Total

(+ 53.92%) 1,650

1,072
Average Days On Market

(+ 9.41%) 93

85
SEPTEMBER ACTIVE LISTINGS

Detached
4,3865,010
Attached
2,3212,881
Condos & Co-ops
2,4052,830
Total
(-15.01%) 9,11210,721
Months Supply
(-44.78%) 5.5210.00
SEPTEMBER SALES PRICE

Average
(-22.96%) $407,748$529,278
Median
(-20.85%) $348,250$440,000
YEAR TO DATE

YTD Homes Sold
(-15.91%) 13,51314,655
YTD Sales Volume
$6,295,581,515$7,930,497,683
YTD Average Sales Price
(-13.79%) $465,891$541,146

Friday, October 24, 2008

The Nova Home Guy Profiles The Cascades - Sterling, VA Community

Once Again the Nova Home Guy has profiled yet another community. This time it is the Cascades community in Loudoun County Virginia. Whenever the Nova Home Guy profiles a community located in Northern Virginia, we will post a snipet of his findings on our blog. As always you can continue to read more of his report by simply clicking on a link like this. To continue reading the Nova Home Guy's Post on the Cascades Community click on the link.


Cascades is Sterling Virginia's largest planned community.

Where is Cascades?
  • NE of Dulles airport, Route 28 north and Rt. 7 east.
  • North of Route 7.
  • South and east of Algonkian Parkway.
  • West of Potomac View.

Cascades Cachet

As with most developed areas of Northern Virginia, Cascades is unincorporated.

Many residents refer to the area north of Route 7 as "Cascades" rather than "Sterling VA" to differentiate it from Sterling Park which is frequently in the news.

The 10 year old community consists of 530 single family detached and attached (townhouses) and a large Giant grocery and Home Depot anchored shopping center; Cascades Town Center.


If you are thinking of Buying or Selling A Home in Cascades, check out the current homes For Sale or contact the Nova Home Guy today!

Thursday, October 23, 2008

Jean Garrell - Keller Williams Realty Realtor Of The Week - 10- 24-08


As a military family, we have been residents of the Greater Washington Metropolitan area for over 2 decades. During our various assignments throughout our military career, we have been home owners and investors in Loudoun County, Fairfax County, and Prince William County. Seeing all the changes to the cities and neighborhoods here and the opportunities these changes bring, I am looking forward to the opportunity to work with you where ever your real estate goals and needs may be!
As a top producing real estate agent at the Dulles Association of Realtors and at the Keller Williams Leesburg office, I am committed to providing you with the highest level of service and results. With a degree in Marketing & Business and 10 years of experience in sales and marketing management, The Garrell Group has earned a growing business and clientele even in the most challenging real estate markets.
This is an Ideal Real Estate market for First Time Buyers, Move-Up Buyers, and Investors! Inventory, Interest Rates, and Terms are Excellent!
What are your real estate goals and needs?
Whether you are buying or selling, relocating, or investing my mission is to produce the results you are looking for by first listening to and thoroughly understanding your real estate goals and needs. I will diligently pursue your goals using a focused plan of market knowledge and negotiating skills. Always, honesty and integrity are core values of mine and my promise to you! Again, I look forward to the opportunity to work with you and to earn your business.
If you are considering buying or selling a home be-it in Loudoun County, Fairfax County, or Prince William County Virginia, contact Jean Garrell of The Garrell Group today.

Sunday, October 19, 2008

51st Annual Leesburg Halloween Parade Friday October 31st 2008


It's that time of year again. Once again the Town of Leesburg will be having their 51st annual Halloween Parade. This year Halloween lands on a Friday so the turn out should be great. The parade will start at 6pm and end at 9pm. The parade will be held on King Street, starting at Ida Lee Park to Fairfax Street. Once again Keller Williams Realty of Leesburg and their real estate agents will be participating in the parade with a float. On behalf of Keller Williams Realty and the Leesburg office we hope to see you there and hope you have a gullish time.

Saturday, October 18, 2008

New High School in Leesburg Virginia

New High School, Morven Park, Polo Grounds

On the northside of the Ida Lee property, Loudoun Public Schools recently announced the construction of Leesburg's third high school: Tuscarora High SchoolExeter subdivision and two other new schools; Smarts Mill Middle and Frances Hazel Reid Elementary.

Northwest of this site lies the historic mansion and grounds of Morven Park. Located within this complex is one of the largest equine (horse) medical facilities in the US.

This is a snipet of the Blog from the NOVA HOME GUY. If you would like to read more of his blog regarding the New High School, Ida Lee,or learn a little more about the civil war history of Leesburg, Virginia please visit his blog. The Nova Home Guy is a Keller Williams Realty Real Estate Agent in the Leesburg office located in Loudoun County
The NOVA HOME GUY is not only a renowed blogger in the Northern Virginia Region, he also knows the local real estate market. If you like reading his blog, you'll be even more impressed with him representing you with any of your Home Buying or Selling needs! Contact the NoVA Home Guy Today!

Friday, October 17, 2008

Stephen Adams - Keller Williams Realty Realtor Of The Week - 10/17/2008

Featured Realtor

Stephen Adams Keller Williams Realty

HB - Bank Of America

"Hi, I'm Stephen Adams, with Keller Williams Realty here in Leesburg.

When you become my client, you don't just get a Realtor and a Consultant - You have an Ambassador: Someone who's going to represent your best interests at all times. That's an awesome responsibility that I do not take lightly. Your trust in my abilities to provide you with the best possible customer service and exceeding your expectations and needs is why I do what I do best.

Being with Keller Williams myself simply ensures that you get a Professional Agent backed by a Culture that Values Continuing Education and Advances in Technology. This virtually guarantees a win- win solution to the ultimate goals for each one of my clients: to get the best possible price, in the shortest amount of time, with the least amount of inconvenience to you and your families in buying, selling, and investing in real estate.

My thoughts on the real estate market. As most of us realize by now, the Housing Market has undergone a marked "Shift" in prices throughout the Northern Virginia. Though some zip codes have a longer average Days on Market than others, the consensus clearly is in the favor of buyers. Even though the media will have you believe that the market is at a standstill, the number of homes sold over The last 4 months has shown a definite increase in sales. Prince William County sold 3

times as many homes in September of this year (2008) than last year!

Fauquier County saw a 36% increase in sales in September. Even Fairfax and Loudoun County sold over 50% more homes in September of this year than last year. True, many of those properties that sold were "Distressed Sales", such as Foreclosures, REO's (Real Estate

Owned) and Short Sales. As a matter of fact, in Loudoun County, 20% of the 476 properties that sold in September were such homes. But ultimately, this should tell you one thing - Buyers are still buying and Sellers are still selling.

Whether your moving from a condo to a townhouse, or a Single Family Home back to a condo (or even an apartment), let me help to guide you into your new phase of living.

Email Stephen Adams

Thursday, October 16, 2008

Loudoun County Sales Transactions Courtesy Of DAAR


2008 Loudoun County Monthly Sales Statistics

Month
Residential Units Sold
Average Sales Price Median Price
Average Days on Market
Active Listings
New Listings This Month
New Pendings This Month
Average S/P as a Percentage of L/P
January 216 $431,811 $370,000 123 3234 943 379 90.97%
February 264 $426,442 $374,950 120 3321 878 420 90.14%
March 350 $408,114 $358,225 124 3427 1007 533 88.53%
April 423 $393,135 $350,000 112 3574 1083 668 90.92%
May 511 $398,041 $351,000 119 3486 978 648 91.57%
June 553 $418,038 $359,000 98 3343 864 631 91.80%
July 519 $400,134 $350,000 109 3109 785 581 92.00%
August 528 $367,149 $335,000 103 2903 681 584 92.15%
September 451 $362,360 $320,000 97 2793 664 486 92.22%
October
November
December
Metropolitan Regional Information Systems, Inc. :: Last Updated on 08/11/2008

The Dulles Area Association Of Realtors Has Allowed Us To Post This Information. Thank You DAAR Our Readers Appreciate It!

Vicky Chrisner - Keller Williams Realty Realtor Of The Week - 10/11/2008

Featured Realtor
Vicky Chrisner


Vicky Chrisner
Short Sales. Foreclosures. REOs. Oh, My!

These buzz words abound within our real estate market today. Headlines about our economy, politics and global affairs keep you from sleeping at night. If those things are not directly impacting your daily life you, you know you're just waiting your turn. You find yourself wishing you were Warren Buffet or Donald Trump. And then, late at night, when you turn on the TV, hoping to find some mindless show that will help you drift off to sleep, you end up watching a "get rich quick" infomercial and THEN you can't sleep because you're wondering if you ARE missing your opportunity to become the world's next real estate billionaire.

So, what's the truth? Well it depends. It's true that some people take high risks and make a mint. Other people take high risks and lose, big. I recently received an email from a financial planning consultant that said his firm's recommendations in today's economy were to make no decisions based on fear, panic or greed. Good advice, I think, especially when it comes to real estate.

Real estate decisions should be based on the lifestyle you're trying to create for yourself and your family. If you're ready to settle down, buying a first home can be the best investment you'll ever make. If you're already stable in your family and financial life, and thinking of moving up, it's true that selling your current home can be daunting but you will also get an amazing deal on your next home, so it's all relative. Perhaps you're considering investing. To the true (well capitalized and long term) investor, I say "go for it". The rental market is strong right now, and properties can be purchased with positive cash flow from day one. But, with each of these tidbits of advice come warnings.

It's often said that real estate is a LOCAL business, but I feel it's a personal business. Buying or selling in any market condition can be a good decision or a bad one, and more important than timing the market, is understanding how these decisions will impact your life and your family today, tomorrow and for years to come. If you have an opportunity to buy a home for a rock bottom, absolutely fabulous, amazing deal if you can not afford the mortgage payments, then you should not buy. Even if the home you're considering is a terrible financial deal, but you can afford the mortgage payments and you will love every moment of every day of your life because of your new home, then it is well worth it.

Here at Keller Williams, our agents are trained to be a consultant to you, and help you understand the short term and long term risks and benefits of buying or selling, help you make financing choices, and to educate you on the local market place. We'll teach you all the terminology in today's market - like REOs, Short Sales and Foreclosures. If you're buying, we'll help you understand the risks and benefits of buying any of these types of properties so you can make the decision that's best for you. If you're selling, we'll help you understand if these sales are likely to impact your sale, and how; and help you evaluate the pros and cons of taking the "wait out the market" approach.

Let me, or one of my friends here at Keller Williams assist you in evaluating your options in the real estate world today.

Email Vicky Chrisner

Keller Williams Realtor Of The Week -10-03-2008

Featured Realtor
Jay Thomas
Jay Thomas Keller Williams Realty
I would like to take a moment to send a warm congratulations to a fellow Agent admitted from our office into the 2009 Leadership Loudoun class. Jay Thomas was selected out of a pool of applicants that went through an extensive research process that proved his worthiness to join the relatively small number of people that is designed, to quote, "a membership network of 389 community leaders representing business, government, non-profit, education, human services, and faith-based organizations. Members serve on over 500 commissions, committees and boards and have created and/or sponsored 58 community impact projects that leave a legacy of service for the community." I am privileged to not only know the integrity and value that he will bring to that organization (and to know this man personally), but to also be in our Keller Williams Realty office in Leesburg, VA is a testement to the quality of people that Keller Williams recruits. This is not to take away from the high level of service other brokerages provide whatsoever. However, it does show that, as Realtors and Consultants (who have rec'd tarnished reputations over the the last several years as a direct result of a few bad apples in the industry), many of us really do focus on solutions rather than problems, whether for our clients or the neighborhood. Kudos to you, Jay, for your hard work, customer service that people and families can count on, and a keen awareness of issues affecting all of us both now and in the future to make Loudoun Countya place that our friends and family members can enjoy and be proud of for many generations to come. Special Thanks to Stephen Adams also a Keller Williams Realtor for allowing me to use his article