Housing Inventory Snapshot – April 2016

We hope you will find the following snapshot of April’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced last year. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we have discussed previously.

2016-0511-housing-inventory-snapshot

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Regional Sales Continue to Increase…

The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade.  Median sales prices were comparable to both last year and last month [but showed a decline in the year over 5 year average].  Inventories continue to grow, driven by the highest October level of new listings since 2007, but at a continually slowing rate.

Key HousingTrends Metrics - DC Metro Area
With 12,676 active listings at the end of October, inventories increased for the 25th consecutive month.

…Year-to-date there have been 42,616 closed sales across the region, which is up 9.5% compared to last year, and all jurisdictions show increases in the number of sales compared to last year.

Median Sales Prices by Location - DC Metro Area
Median Sales Prices by Location – DC Metro Area

To read more, check out the article here: Full Article from RBI

Please let us know if you need our help with anything real estate related.

HOUSING INVENTORY SNAPSHOT – OCTOBER 2015

We hope you will find the following snapshot of October’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced earlier this year. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

This month the 30 Days Trend column for the Average List Price could raise a few eyebrows. October will usually have a strong showing when compared to August and November, and in all regions other than Arlington, the table appears to be set for that to play out. Showing insignificant reductions or increases across all price ranges and property types in all regions except Arlington where all price ranges and property types showed a reduction in average list price.

Please let us know if you need our help with anything real estate related.

2015-1106 Housing Inventory Snapshot
Housing Inventory Snapshot for October 2015

HOUSING INVENTORY SNAPSHOT – AUGUST 2015

We hope you will find the following snapshot of August’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced a few of months ago. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

Again this month the 30 Days Trend column for the Average DOM (Days On Market) active/sold is a good illustration of how August will usually behave, with the number of days on marketing growing and average prices dropping,

Please let us know if you need our help with anything real estate related.

2015-0908 Housing Inventory Snapshot
Housing Inventory Snapshot, August 2015

Home Improvement Projects with the Best Return on Investment

The characteristics that define a good Return on Investment (ROI) for your home meet these four criteria; Low-Maintenance, Good (not necessarily the highest) Quality, Energy-Efficient, and Relatively low cost.

The top ROI projects in order, one being the best, are as follows:

1. Replacing Your Front Door

2. New Siding

3. Minor Kitchen Remodel

4. Wood Deck Addition

5. Attic Bedroom Remodel

6. Garage Door Replacement

Check out the full article here: HouseLogic – The 6 Best Time-Tested Remodeling Projects – and the Worst

Housing Inventory Snapshot – August 2014

We hope you will find the following snapshot of August’s inventory statistics for our local Real Estate market informative. Please let us know if you need our help with anything real estate related.

I am optimistic that we will have a strong Fall market based on the Days On Market through August. You will notice that, for the most part, the more affordable homes aren’t languishing on the market and in many cases the DOM for active listings is below that of the sold listings. I take that to mean the number of days homes are staying on the market is trending down, indicating that the supply of appealing homes is sufficient to meet the demand.

Housing Inventory Snapshot for August 2014
Housing Inventory Snapshot for August 2014

Our Native Camel Cricket is Under Siege from it’s Asian Cousin

Invading Camel Cricket Species
Invading Camel Cricket Species

According to Wikipedia, “Diestrammena is a cricket genus in the family Rhaphidophoridae. It is native to Asia, including Japan.

The United States is currently undergoing a camel cricket census conducted by researchers and citizen scientists at North Carolina State University. Citizen scientists were asked to survey their homes for presence or absence of camel crickets such as those of this genus and return photos and/or specimens to the lab for further research. Researchers have found that introduced Diestrammena camel crickets were reported much more commonly than the native North American camel crickets of the genus Ceuthophilus.”

Check out this article from Discovery News to learn more about this species that appears to be here to stay:

Nightmarish Cricket That Eats Anything Is Now Invading the US