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.
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.
Residents of Fairfax County felt the impact of the, now common place, one-two punch of increased assessments accompanying a hike in rates. The property assessments go up and instead of dropping the rate to maintain a static revenue stream, they raise the rate too. In the last several weeks people have been getting their assessments in the mail only to find large assessed value increases, 6.54% on average, representing over $1,000 annual cost increase in many cases.
The Fairfax County Board of Supervisors have released their advertised FY2016 Budget Plan raising the residential property tax rate by half of a penny per $100 of value to $1.09 in spite of forecasts that the value increases will continue. What they don’t indicate in the Budget plan is the $.0225 (two and a quarter cents) per $100 of value that they charge as a separate tax. In 2010 the Stromwater Service District was established, among a growing list of such “Service Districts” enabling the county government to obscure the landscape of tax rate increases.
Whether you are in favor of paying more to get more or feel like smaller more efficient government is best, clearly understanding what we pay and how it is used is the minimum expectation.
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:
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.
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 introducedDiestrammena 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:
I was speaking with my father during his visit this past fall and mentioned that I was considering donating my horse to the PATH Intl. Horses for Heroes Therapeutic Riding Program which prompted a discussion about how much of the donated proceeds raised by the several Wounded Warrior type organizations actually go towards helping veterans and their families versus paying for administrative costs. I am from a strong military family and my father serves as the Chairman of the Air Commando Association (ACA) Board of Directors, and is writing a book that is due to be published soon. It’s particularly exciting for our family because he has promised to donate the proceeds to the Air Commando Association Foundation. Thus began a lengthy discussion and comparison between the three organizations that our family has donated to – Wounded Warrior Project (WWP), Special Operations Warrior Foundation (SOWF ) and the Air Commando Association Foundation Endowment (ACAF ).
Charity Navigator is an independent charity evaluator providing free ratings and evaluations of nonprofit corporations, http://www.charitynavigator.org/. Below are their assessments of the three foundations mentioned above.
WWP was founded in 2005 in Roanoke, Virginia and spends 57.9% of the charity’s budget on the programs and services it delivers and 41.9% on fundraising and administrative expenses. They employ officers, directors, trustees, and their highest compensated employees at a cost of $2.197 million.
SOWF was founded in 1980 and spends 84.4% of the charity’s budget on the programs and services it delivers and 15.5% on fundraising and administrative expenses. They employ 14 full time staff members at a cost of $1.162 million.
ACAF Endowment is a much smaller organization, but is quickly growing and helps Air Force Wounded Warriors and their families. 100% of the foundation funds go to helping veterans and their families. The fundraising and administrative costs are funded by the parent association “ACA”. Their board of directors is exclusively pro-bono. Another major difference in this foundation is that their agility allows them to react to circumstances at a moment’s notice.
Giving to any of these organizations is a fantastic demonstration of your support for our many men and women in uniform, as well as their families, who have sacrificed so much to secure our freedom and way of life. My only advice would be, do a little research and know how your contribution is being used. When you are comfortable with an organization, knowing about the services they provide and structure of their foundation, then you’ll sleep well assured that your charitable contribution is helping those who have given so much for us.