The market again remains the same as last week. There are 41 single family homes for sale in Oak Hill. If a nice home, well maintained, comes up on the market - it receives multiple contracts within a few days and is selling at full price or maybe even slightly above. This week, we had 7 new properties - 1 of which was a relisted property. Of those 7 new ones, 3 were either foreclosures or short sales - which is not good for our market or our economy. I sold one on Ripplemeade in October of 2005 for $730,000 and it is now on the market for $575,900 as a short sale. Another short sale is 12811 Wrexham Road. It sold in July of 2005 for $530,000 and is now on the market as a short sale for $389,000. The third is a foreclosure on Fox Mill Road and sold in August of 2004 for $600,000 and is now on the market with the bank at $469,000. To see these homes, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-91244975-37. There were 5 homes sold this week - which is good. One of these was a short sale the other 4 were seller sold homes. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=33419186675. Overall, it looks like the $8,000 new home buyer credit is keeping us afloat and our market from deteriorating. We have definitely not seen any increase in inventory for Fall. Usually, starting in November, our inventory decreases till January so it will be interesting since we don't have much inventory to decrease from. Our prices have remained stable since about March. Happy October!

The market did slightly better this week as far as the number of homes that sold. I put 2 new listings on the market and they are receiving a lot of traffic so there are buyers are still out there. There were 6 new listings this week, to see those http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-92816206-287.  Two of the 6 new ones are short sales and one is a foreclosure. Three houses sold this week in 20171 but it still is not good news. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-92816213-811, One of the homes was a foreclosure, one a short sale and one was a seller sold - which is still not a positive statement for the overall market. We have 47 active homes on the market so still a little higher but we have room on that. We just need for the seller sold homes to keep moving.

The market did not do well at all this week and not sure why. It looks as if it put on the brakes in a big way. We have 47 single family homes for sale in 20171. Still a low number but climbing. We had 7 new listings so you can see if we don't sell a few a week, the net inventory will climb and then prices will soften. To see the new homes, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-92316449-831. One of the new homes was a foreclosure on 12912 Framingham in Fox Mill Estates.  This is another example of when the market was high; the owners must have refinanced all the money out and now cannot pay their mortgage. The house was originally purchased in November of 2002 for $320,000 and now is on the market for $339,000 as a foreclosure - which is a great price today. The bad news is that only one home sold this week and not sure why. To see the lucky person, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-92316480-548. It was on the market 163 days and started at $489,000 and reduced to $429,000 and is a short sale so not even a seller sold home. Hopefully, next week will show much better results. Not sure why it looks so bad this week. Maybe you know because I am clueless - let me know if you have any thoughts. Have a great October day.

$500,000.00 11513 Cavalier Landing Court Fairfax, VA 22030 Beds: 3.0 Rooms: 0 Baths: 3.00 Sq. Ft.: 1984.00 Garage: 2.0 Built: 2002   Great location - walk to Wegmans. Move in condition and ready for its new owners. This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Angela Mitchell Angela Mitchell Sells Northern Virginia 7032647877 www.AngelaMitchellHomeSales.com     Visit this listing at Here

The market was a little weaker this week. There are 44 single family homes on the market - which is about the same than last week. There were 5 new listings. To see those, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-91715549-428 - one of which is a short sale. The negative news is that only 1 home sold this week - which is the lowest number of homes that have sold since last January/February.  Hoping it was just the 3 day holiday weekend and we will get back on track this week. It also may be the end of the opportunity to use the $8,000 credit since settlement has to occur by December 1st to qualify - the time for being able to do that would be the end of this month. We should be able to see some differences in the market next few weeks as a result of the $8,000 credit going away.