Archive for the ‘Real Estate Market’ Category

June’s Home Sale Numbers and What They Mean

According to the National Association of Realtors, the pace of home sales has continued to rise steadily and shows no signs of dipping; June’s numbers reflected an increase for the third month in a row, raising the rare of sales 3.6% and bringing the projected year-end numbers to 4.86 million. When July’s come out, we will feature them here.

Here’s a Flash: BUY NOW!

If you’re thinking about making a move on some property and are wondering whether now is the right time to pull the trigger, your peers are buying, and they’re buying fast.  At the risk of sounding like a broken record, it’s a buyer’s market out there, and houses are priced to sell at considerably less than they would normally be going for.

Incentives Have Never Been Better

You’ve heard all about the tax incentives and credits available to first-time homebuyers, who are often people looking for reasonably priced, relatively modest “starter homes.”  Thanks to the measures aimed at encouraging this demographic to get in the game, houses in the $250,000 range are going fast (at this rate, the supply at this price point is expected to be cleared within 6 months) while higher-end homes continue to sit on the market without attracting much interest (the inventory of houses priced around $1,000,000 will take 20 months to unload at current rates).

We’ll Help if You Want

You know who we are, and you know what we sell.  If you’re looking to make your dream of owning a home a reality, get in touch with us here at Express Realty Services and see for yourself why people like you are buying fast! And, why we are the #1 Keller Williams agency in Virginia and the fastest seller of homes in the DC Metro area.

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Trading up in Northern Virginia

Sell for more

If you follow Arlington real estate closely, you may already be aware of the scarcity of homes listed for under $400K.  It’s a buyer’s market right now, but there are always exceptions by region/price range if you know where to look, and this is one of them.  Properties that fall under this category in the northern Virginia area are in short supply, and as a result, are listing (and selling) for more than they normally would.

…then buy for less

The flip side to this phenomenon is its effect on homes valued ABOVE $400K…  Because of the oversaturation of properties at this price point, home sellers are accepting offers lower than their home’s true worth, putting the advantage squarely in the hands of the buyers.

Now is the time to upgrade

If you’re a homeowner in Arlington with a home worth less than $400K, you now have a unique opportunity to “trade up.”  In this market, you can sell your home for more than its value and use the money to pick up a more expensive home at a discounted price.  This is a solid long term move, and a chance to secure a nicer living space for substantially less than you would normally have to pay.

Any of this sound good to you?  If you fit the criteria described above (or are simply interested in buying or selling a home), get in touch with us now and learn how to make the best move possible in the current real estate situation.

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