Well, we are off at the start of our Spring market - so far starting to look good. The inventory in 20171 for single family homes is at 70 - a little higher than last week - but that would be expected as sellers put their homes back on the market after the Holidays. There were 9 new listings - 3 of which were relisted. The good news is that 4 homes sold - 3 of which were over 600,000. One was at 459,000. The market under 500,000 continues to lag behind because of the heavy competition from the foreclosures. They continue to come on the market $125,000 less than what they were purchased for in 2005. Most of the ones that I have seen are in really rough shape but would be good investments for people on the prowl for deals. Hopefully, the market will continue on this trend. If so, watch for prices to firm up and the listings will start to sell faster. Have a great day in Virginia. If you are interested in additional information on foreclosures - just email.

The market was pretty active this week. We have 82 active single family homes on the market in Herndon/Oak Hill. 13 new listings came on - which is higher that it has been. 1 of the new listings was a relist. The good news is that 6 homes sold this week. They were on the market anywhere from 58 days to 253 days.  The showings on homes this weekend was slow and it was not even a football weekend. I would expect it to be slow Super Bowl weekend. Interest rates continue to do well so hopefully this will help our market come to life. It is much better so far this month than the last 2 months of 2007. 

Not a great week but the market is moving along. Some noticeable increase in buyer phone calls and activities - which usually turns into more sale activity. There are 75 single family homes for sale in Herndon/Oak Hill - up from last week. There was a pretty big increase in number of new homes coming on  the market - 9 new listings - 3 of which were relisted homes. 3 homes sold this week which is an okay week so hopefully each week we will see a little more in the sold category.  I have 2 new listings on the market. If you know of anyone interested in living in 20171 have them check these great homes on my current listings page. One at 12501 Summer Place and one on 12854 Tewksbury. Both great homes and Open today January 20th 1-4.

Well we are off to a New Year and hopefully a much better year than last year. The active single family home listings in 20171 are down considerably to 66 homes the lowest that I can remember in a few years. 4 homes have sold since 12/20 - the rest have been taken off the market. I would assume a lot of the homes taken off were because of the holidays and will return to the market in the next 10 days. If not, the buyers will have slim pickings to purchase and the sellers with their homes in the best condition will do good. We will just have to watch. I wish you all a great New Year and if you have any real estate questions, just let me know - just an email away.