My Real Estate Blog

The market continues to do well but has slowed down this week as we get into the  Summer months and vacations. There are still a lot of buyers out there that have not found the perfect home. I have a condo listed that all the recent solds are foreclosures and short sales in the last 3 months - about 10. They are selling the 220 to 225 range. We have it listed at 250,000. I have had 4 contracts on it just this week. The issue is getting the price and getting it to appraise at the price with the comps being so bad, but it does show you how many buyers there are out there. We have 46 homes on the market this week - a few more than last week. We had 8 new listings - to see those - click, http://matrix.mris.com/Matrix/Public/Email.aspx?ID=31603007683. None of them were foreclosures or short sales. We had 5 homes sell this week - which is down from last week. To see those, http://matrix.mris.com/Matrix/Public/Email.aspx?ID=31603014351. One of those was a foreclosure that sold at $1,164,000 in December 2006 - a year and 1/2 after our market crested and is now on the market at $999,000 when it got a contract.

Posted by Angela Mitchell on June 27th, 2009 3:15 AMPost a Comment (0)

Subscribe to this blog
Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Top in Sales in Northern Virginia!!

Phone: Cell: Fax:

Setting the Sales Price | Free Home Valuation | Angela Mitchell | Client Feedback | Coming Soon Homes | My Sold Listings | Neighborhoods-Community Information | Utilities and Other Links | Search Va Homes | Selling Your Home | Home | Mortgage Saving Tips | ARM vs Fixed Rate Calc | Request Industry Info | Staging Your Home | Buying Foreclosures/REO's | Plumbing and Fixtures | Selling One, Buying Another | OakHill Market Update Blog

Copyright © 2012 Angela Mitchell Sells Northern Virginia
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.