Well, Fall is finally here! (sort of).
I recently conducted a market study, and I wanted to give you a quick update on what I found as we transition from Summer into Fall.
Here’s a few things you might like to know:
1) I recently noticed that the Arlington market is upside down right now, meaning that there are more homes for sale at the high-end of the market than at the low end of the market. This is a trend that has been building for a few years now, as Arlington remains highly desirable, and most properties under $1.5m sell quickly, and for full market value.
2) The Vienna market is also a little top-heavy, and homes under $900k have been selling fast and for full market value. The upper middle part of this market ($900k-$1.5m) is also performing very well.
3) Fairfax County as a whole is more of a traditional market right now, with a lot of inventory at the low-end of the market selling quickly, while the relatively few high-end homes sell far more slowly.
Click below to see the numbers:
Lou Sagatov, Realtor®
Keller Williams, Arlington
PS- I’ve recently added some great new features to my website, including a more powerful MLS search page and an automated home price estimate tool.