My Real Estate Blog

This week was a better week but still feels sort of slow for this time of the year. I feel that there are a lot of buyers out there that are looking but not buying because they have not found the right house for them. I have 2 listings on the market and one of them is getting a lot of traffic (so there are buyers out there) - 1 to 2 people a day - which is a lot and the other just came back on the market so we will see how their traffic goes. We had 4 homes receive contracts. Two of them were in the $600,000 range and were large houses for the price. One was 2806 sq feet and listed for $615,000 and the other was 3325 sq ft above ground and was listed at $650,000. Both were on the market less than 45 days. Of the 4 contracts, 3 were seller solds and the 4th was a short sale that came up with a contract on it already - I have seen this a couple of times and am not sure what is going on. To see these sales, click here http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29849531972. We have 55 active single family homes on the market in Oak Hill/Herndon - a small net increase from last week. Again, I would expect the number to rise dramatically the Friday after Easter. We had  8 new listings - 3 of them were relists. Click here to see those http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29849511972. Overall a better week but still not what you would expect with the interest rates hovering at 4.5% for 30 year conventional and the number of buyers that seem to be out there. I will at an Open House this Sunday the 29th 11-4PM on my listing at 12451 Wendell Holmes. A great house, please stop by. We just repriced the home to $535,000 and the home shows well.  

Posted by Angela Mitchell on March 28th, 2009 3:57 AMPost a Comment (0)

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