2016 Sales Market in Review
General Market The Northern Virginia market saw another strong year in 2016 with preliminary reports showing a 4.58% increase in number of homes sold, according to a market report by the Northern Virginia Association of Realtors. Interest rates were at a continued historic low between 3-4% throughout the year. December 2016 was stronger than in… Read More The post 2016 Sales Market in Review app...
The Northern Virginia Luxury Market in 2017
In the last several years we have seen a significant increase in supply of “luxury homes” in the $1M to $1.7M market in Fairfax County and Arlington County. It used to be that builders would have to go west/further away from DC for the economics to work in providing new, quality luxury homes. In the late… Read More The post The Northern Virginia Luxury Market in 2017 appeared first on McGrath.
Buyer Expectations & Trends in 2017
Buyers continue to utilize the internet and third party sites such as Zillow and Realtor.com at a high rate. In 2016, Zillow reported that 87% of all home buyers nationally use the internet for their house hunting search. 85% of buyers found that detailed information and photos were very useful to their search. It’s more… Read More The post Buyer Expectations & Trends in 2017 appeared first on M...