Real Estate News About Woodbridge, Mount Vernon, and Lorton Virginia: The Market For Real Estate In Fairfax County Virginia Has Flipped To A Sellers Market

The Market For Real Estate In Fairfax County Virginia Has Flipped To A Sellers Market

The Market For Real Estate In Fairfax County Virginia Has Flipped To A Sellers Market

Multiple Offers From Multiple Bidders Is Common

Prices Are Rising As Multiple Bidders Push Prices Up To Win The Bidding

Home Prices Are Still 40% Below 2005 High Prices

Stacy and Steve want to move from their 2-story home in Woodbridge to a one level home in eastern Fairfax County, nearone level rambler home in Fairfax county Virginia their jobs in Kingstown.

They have found lovely homes that are 35-45 years-old, that have been fully updated with new kitchens and new bathrooms.

So far, they have lost two homes in bidding wars because they would not go above the list price.

Prices are still 40% below the height of the 2000-2005 market run-up.

They are going for their third home right now, and they are prepared to offer a price above the list price.

Keep your fingers crossed for them.

Erick

Erick BlackwelderCall or text Erick Blackwelder right now for help finding a home, or help selling your house.  

Don't worry... Erick doesn't bite, and you won't get a sales pitch.  Text or call Erick now at 703-677-1120 for a FREE consultation.

CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.

Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
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Comment balloon 1 commentErick Blackwelder • January 25 2012 12:03PM

Comments

I am in the Western Fairfax (Reston Herndon Great Falls area) and we are seeing something similar. There is almost no inventory. I have buyers who just need listings to look at now. 

Good luck!

Posted by Holly Weatherwax, A Great Real Estate Experience ( Associate Broker, Momentum Realty) over 8 years ago

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