My Real Estate Blog

The market did great this week. I would guess it was as a result of the stimulus package. We have 53 single family homes for sale in 20171 - Herndon/Oak Hill - up 3 from last week. You can definitely see the beginnings of Spring market both in the increase in "for sale" signs but also - which is great news - you can see some "contract pending" signs. Click here to see the 53 for sale homes - http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29301145417. There were 9 new homes on the market - one was a reissue - so 8 new homes. None of the new homes were short sales or foreclosures - which is another good sign.  When short sales or foreclosures homes come on the market - it depresses home prices and it makes it hard to stabilize the market price. The 9 homes can be seen by clicking http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29301097208. The best news yet is that 7 homes sold this week - 2 of them were short sales but 5 of them were seller sold homes. Our market had been selling 1 seller sold home a week so this is a huge improvement. Click here to see the new homes http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29301136533 It would be great to see these kind of numbers next week. Also, if you are looking for a new home, I will be at my Open House Sunday 3/1 1-4PM at 12859 Tewksbury - a well maintained home - just waiting for new owners.  Just stop by and see.

Posted by Angela Mitchell on February 28th, 2009 3:58 AMPost a Comment (0)

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