You will not find this information anywhere else. Median sale price of homes by Zip Code and City. Data from MLS. Prepared by TOBIN SEVEN, Principal Broker / Army Veteran.
Quick summary of NORTHERN VIRGINIA housing market. Home property prices are significantly reduced from past. In past 12 months, median price of a home has only gone up 3.8%. Dramatic change from past few months where we saw 12% to 14% annual appreciation. Now is a great time to buy---not a good time to sell.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
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Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
NOTE: If you would like someone else to automatically receive my Monthly Housing Statistics Reports for NORTHERN VIRGINIA, MARYLAND and DC---just reply to this email with their name and email address.
Tobin's note: You would have to save $1,667 a month ($20,000 total) to buy same home you saw 12 months ago. 3.8% annual increase- Note---home prices in DC did not increase in past 12 months---this is a crash in DC home prices---is this also coming to NORTHERN VIRGINIA?
Great time to buy in NORTHERN VIRGINIA
See chart below:
NORTHERN VIRGINIA (see below). Number of Homes for sale is increasing and number of "new pendings (gold dial) is at a 3 year high).
See "gold" and "orange" dials below. SUMMARY: MIXED BUYER's and SELLER'S Market.
See chart below. 1st time in many years that home sales are down from previous year.
See chart below. Median sold price is now at only 3.8% in past 12 months. This is less than the rate of inflation. 3.8% is significant decrease from almost 12% sold price we saw a few months ago.
See chart below. Are you working from home or planning to? If "yes", is your home large enough to allow for a separate quiet work space for you?
See chart below---by Zip Code and Corresponding City
The 107 zip codes/communities in NORTHERN VIRGINIA saw a greatly reduced increase in value--- 3.8% increase in home sale median values in past 12 months, I anticipate next month's report will show even a further DECREASE in median home sold prices .
Note, median home values that went up or down by 30%+ are shown in red.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comArchive goes back several years.
NEW. See to the right. Looking for recipes of food to make? Latest home improvement and designer tips? 6 times a year, Tobin offers a new high quality 30+ page magazine.Download pdfof latest magazine.
NEW FALL edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
NEW FALL edition. See below. 20-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES LLC is Veteran Owned and Operated.
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