How is the real estate market in Loudoun County, VA? The number question I get asked daily and frequently. I believe we are turning the corner and things are improving every day. I am seeing multiple offers on many properties and things are popping. Even homes in the upper price brackets are getting more showings and yes, more offers...
What has changed? The number of foreclosures are trickling out into the marketplace very slowly making short sales the hot new thing. I think a reduced inventory of homes (single family home inventory down 30% from the same time last year) coupled with incredibly good interest rates and wonderful tax incentives have given this market a great big boost. The Spring market is typically the busiest time of the year and real estate (no matter which kind of market we are in) is based on life driven events. People are relocating, getting married, upsizing and downsizing. People are in general more hopeful and it feels good to be busy.
If you have any question about real estate and/or living in Loudoun or Fairfax County, please call me at 703-402-5416.
Vicky Noufal
Century 21 Redwood Realty
Tuesday, April 14, 2009
Subscribe to:
Posts (Atom)
Posts
