The $8,000 and $6,500 Tax Credit for Home Buyers Expires April 30, 2010 – $8,000 Tax Credit Extended and Expanded

On November 7, 2009 the $8,000 tax credit was extended and expanded. The new tax credit is good through April 30, 2010.

The new tax credit:

1) 10% of purchase price with maximum $8,000 – in other words, homes below $80,000 get 10% tax credit, and all homes above $80,000 and below $800,000 get $8,000 tax credit for first time homebuyers

2) There is a limitation on cost of the purchased home – tax credit applies only to principal residences up to $800,000
 
3) There is no tax credit for homes above $800,000

4) Expires April 30, 2010

5) First time home buyers did not own a home in the last 3 years prior to purchase/closing day

6) Other home buyers who are current homeowners qualify for a tax credit equal to 10% of the purchase price up to  $6,500 if they used the home sold as a principal residence consecutively for 5 of the previous 8 years 

7) The purchasers have until July 1, 2010, IF a written binding contract to purchase is in effect on April 30, 2010

8*) Income limits increased and are as follows:
$125,000 – Single purchaser
$225,000 – Married purchasers

9) Tax credit is a direct reduction of tax liability, not just taxable income and does NOT need to be repaid

10) The tax credit CAN be monetized for closing costs expenses, and downpayment above the required 3.5%,  if borrowers use FHA-insured mortgage

11) Purchasers must attach documentation of purchase to tax return to claim credit

12) Cannot purchase a home from a close relative: spouse, parent, sibling, child, grandparents

13) Step-relatives qualify – Homes purchased from not direct blood relatives do qualify

14) If parents co-sign the mortgage and child qualifes – the child can claim the credit

15) Cannot claim a tax credit on a home purchased by a Dependent

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$8,000 tax credit for first-time home buyers

$6,500 tax credit  for trade-up home buyers

6,5000

NOTE: For additional details contact lender, tax advisor, or an attorney.

Loan Modifications are Not a Legal Entitlement – Legal Right to Loan Modifications Denied in Minnesota Case

U.S. District Court in Minnesota determined that borrowers do not have a right to loan modifications.

The decision came in response to a lawsuit by Minnesota home owners that maintained that borrowers had a right to loan modifications. The lawsuit sought class-action status.

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The lawsuit alleged that the Obama administration’s foreclosure prevention plan violated borrowers’ constitutional rights because home owners who were denied help under the program were not given a written denial and an opportunity to appeal. The suit sought to halt foreclosures on home owners eligible for the Obama plan until the government put in place certain procedural safeguards, such as creating a formal appeals process.

On November 9, 2009, in its decision, U.S. District Court Judge Ann Montgomery said that modifications were NOT a legal entitlement and pointed out that the Treasury Department gave mortgage companies discretion in evaluating the borrowers it helps. In other words, the final word belongs to the lender.

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The same goes for the 125% LTV, Loan-to-Value.  Although the federal government increased LTV from 105% to 125% for refinancing, very few lenders actually refinance mortgages where a mortgage is as high as 125% of the present market value of the house.

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SOURCE: The Wall Street Journal; REALTOR Magazine

The Pride of Homeownership – From Renter to Homeowner

A recent study by Bankrate.com showed that despite the economic downturn, 92% of Americans believe that owning a home is a good investment and a hedge against a potential inflation, because even if prices do go up, the monthly mortgage payments on 15 year or 30 year mortgage loan stay the same.

Indeed, the benefits of homeownership are too many to list here. Being able to deduct the interest expenses on tax returns and the simple pride of owning a home are just two of them.

Unfortunately, the last few years have not been kind to homeowners due to predatory lending practices and subprime mortgages given to borrowers who clearly could not afford them. That irresponsible mortgage activity applied to all income levels.

What should first-time homebuyers remember?

1.  House should be purchased as a HOME first and as an investment a distant second.
2. Purchasing a Home is a LONG-TERM investment and should be kept for a minimum of 7-15 years to absorb the closing costs and to weather the economic downturns.
3. Home buyers should have at least 15-20% down payment and a credit score of 720+ for a conventional loan, and 3.5% down payment with 620+ credit score for FHA loan. Military home buyers might consider VA loans that require no down payment. 
4. To ensure a successful homeownership, home buyers should have enough savings to cover at a minimum 6-12 months of living expenses, as well as an emergency fund for unexpected repairs and maintenance expenses. Debt-to-income ratio should never exceed 31/43%.
5.  The best way to grow EQUITY is by pre-paying principal, especially in the beginning years when the interest expense is at the highest, and thus decreasing substantially the cost of the mortgage – however, borrowers must remember that principal pre-payments are independent from monthly payments, which include principal and interest, and  which cannot be skipped even if principal pre-payments were made.  In other words, it is possible to make principal pre-payments and then go to foreclosure by not being able to make the scheduled monthly payments.  This is crucial to understand so adequate savings are always kept for emergencies.  However, when done right, pre-payments shorten the number of monthly payments and thus allow the borrower to save money by skipping the monthly interest.

Welcome Home!

Enjoy Your Castle!

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NOTE: For a financial advice always contact an expert in that field.

NOTE: I am a REALTOR who is also an ABR, Accredited Buyer Representative and if you plan to purchase a home in Virginia, I would be happy to professionally assist you with finding your ideal dream home.

Renters Can Stay in Fannie Mae Foreclosed Homes – Foreclosures Hard on Renting Families with School Age Children

The Urban Institute published its seventh annual report titled “Housing in the Nation’s Capital.”

According to the report, more than 100,000 mortgages – almost 8% of all loans in the Washington, D.C. region – were delinquent in June, 2009.  And additional 51,500 were more than 90 days past due – with probability quite high that they will go to foreclosure .

Prince George’s County, MD,  had the highest June foreclosure rate (5.2 percent), followed by Charles County, also MD, (3.9 percent) and Prince William County, VA, (3.7 percent), the report found.

From January to June, monthly bank sales were higher than the number of foreclosures in the county. In July and August, however, the number of foreclosures outpaced the number of bank sales – a tough statistic for a market still struggling toward recovery.

This is especially hard on families who rent and have school-age children - when the landlord loses a rental home to a foreclosure, the tenants lose their home and often the children must change a school (and friends)  in a mid-year, as well.

Recently, Fannie Mae has announced a new program whereby renters in good standing will be allowed to stay in their apartments — if the property is owned by the government-controlled home funding company.

The policy seems like a step in the right direction, but only a small step. Currently, Fannie Mae only owns about 10% of all foreclosures.

The tenants can find out if the building is owed by Fannie Mae by contacting an attorney on the foreclosure notice and asking if the home is a Fannie Mae home.

Of course, it still leaves the remaining 90% of renters at the mercy of their landlord’s foreclosing lender – it certainly is a very uncertain life for renters.

The question: “Will the lender foreclose or not foreclose?” is very much on the minds of the landlords and the tenants these days. 

Many renters find out the hard way that owning a home provides more security than renting.  And as long as the HOME is purchased with a mortgage sensible enough to allow keeping that home long-term as well, purchasing  may be the way to go for many renting families.

Arlington County, VA, Virginia, September 2009 Real Estate Statistics, Residential Real Estate and Homes For Sale, MLS Real Estate Listings and Open Houses

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for ARLINGTON COUNTY, Virginia, for the month of SEPTEMBER 2009 in the $1,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

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To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/ 

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

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The Table below shows the most relevant real estate data for the month of SEPTEMBER 2009 and compares it with the previous month and the previous year, AUGUST 2009 and SEPTEMBER 2008, respectively, in the $100,000 to $5 Million price range.  The table was compiled from MLS data.  221 properties were SOLD in ARLINGTON COUNTY, Virginia, during the month of SEPTEMBER 2009 in the $100,000 to $5 Million price range. Out of those 221 properties, 113 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the properties that were listed in the MLS-MRIS in ARLINGTON COUNTY, Virginia, and SOLD during the month of  SEPTEMBER 2009.  The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer. 

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The Median Line Graph shows the MEDIAN sale price of the homes SOLD in Arlington County, Virginia, over the last six years.

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Arlington County, Virginia, over the last six years.

 

Arlington County, Virginia, includes: Ashton Heights (22201), Aurora Hills (22202), Crystal City (22202), Ballston (22203), South Arlington (22204), Shirlington (22206), North Arlington (22207), Rosslyn/Arlington (22209), and Alexandria.  

 

ARLINGTON	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	221 SOLD	214 SOLD	192 SOLD
ACTIVE LISTINGS	907 ACTIVE	884 ACTIVE	953 ACTIVE
UNITS SOLD IN 0-30 DAYS	113 UNITS	105 UNITS	69 UNITS
MEDIAN PRICE SOLD	$419K	$488K	$448K
AVERAGE PRICE SOLD	$479K	$537K	$512K
AVERAGE DAYS ON THE MRKT	62 DAYS	71 DAYS	85 DAYS

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Distribution of the Listing Prices for the 221 SOLD properties  in ARLINGTON COUNTY, Virginia, in the $1,000 to $5 Million price range during the month of SEPTEMBER, 2009: 

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MEDIAN SALE PRICE.  In this graph, Median means that 50% of the SOLD homes were above the median price and 50% of the SOLD homes were below the median price.  The MEDIAN Price in ARLINGTON COUNTY, Virginia, was $419K for SEPTEMBER 2009.  

 

 

 

 

 AVERAGE SALE PRICE: In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total by the number of homes that SOLD.  The AVERAGE Price in ARLINGTON COUNTY, Virginia, was $479K for SEPTEMBER 2009. 

 

 

 

 

NOTE: All information presented here is believed to be accurate, but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA, customized market analysis of your home and your neighborhood.

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SOURCE: MLS - MRIS, Metropolitan Regional Information Systems

 

Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

Fairfax County, VA, Virginia, September 2009 Real Estate Statistics, Residential Real Estate and Homes For Sale, MLS Real Estate Listings and Open Houses

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for FAIRFAX COUNTY, Virginia, for the month of SEPTEMBER 2009 in the $1,000 to $5 Million price range.  The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

 .

To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

. 

The Table below shows the most relevant real estate data for the month of SEPTEMBER 2009 and compares it with the previous month and the previous year, AUGUST 2009 and SEPTEMBER 2008, respectively, in the $100,000 to $5 Million price range. The Table was compiled from MLS data.  1,269 properties were SOLD in FAIRFAX COUNTY, Virginia, during the month of SEPTEMBER 2009 in the $100,000 to $5Million price range. Out of those 1,269 properties, 746 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the  properties that were listed in the MLS-MRIS in FAIRFAX COUNTY, Virginia, and SOLD during the month of SEPTEMBER 2009.  The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer.

 

The Median Line Graph shows the MEDIAN sale prices of the homes SOLD in Fairfax County, Virginia, over the last six years. 

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Fairfax County, Virginia, over the last six years.

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Fairfax County, Virginia, includes: Annandale (22003), Burke (22015), Centreville (20120, 20121), Chantilly (20151), Clifton (20124),  Fairfax City (22030, 22031, 22032, 22033), Fairfax Station ( 22039), Falls Church (22041, 22042, 22043, 22044, 22046, 22047), Fort Belvoir (22060),  Great Falls (22066), Herndon (20170, 20171), Kingstowne (22315), Lorton (22079), Mc Lean (22101, 22102), Mount Vernon (22121), Oakton (22124), Reston (20190, 20191, 20194), Springfield (22150, 22151, 22152, 22153),  Vienna (22180, 22181, 22182), and  Alexandria. 

FAIRFAX	SEPTEMBER,  2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	1,269 SOLD	1,387 SOLD	1,257 SOLD
ACTIVE LISTINGS	5,124 ACTIVE	5,273 ACTIVE	7,106 ACTIVE
UNITS SOLD IN 0-30 DAYS	746 UNITS	791 UNITS	401 UNITS
MEDIAN PRICE SOLD	$365K	$382K	$326K
AVERAGE PRICE SOLD	$416K	$449K	$383K
AVERAGE DAYS ON MRKT	62 DAYS	61 DAYS	96 DAYS

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Distribution of the Listing Prices for the 1,269 SOLD properties in FAIRFAX COUNTY, Virginia, in the $1,000 to $5Million price range during the month of SEPTEMBER 2009:

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MEDIAN SALE PRICE:  In this graph, the Median means that 50% of the  SOLD homes were above the median price and 50% of the SOLD homes were below the median price.  The MEDIAN Price in FAIRFAX COUNTY, Virginia, was $365K  for SEPTEMBER 2009.

 

 

 

 AVERAGE SALE PRICE: In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total  by the number of homes that SOLD.  The AVERAGE Price in FAIRFAX COUNTY, Virginia, was $416K for SEPTEMBER 2009.

 

 

 

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NOTE: All information presented here is believed to be accurate, but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA, customized market analysis of your home and your neighborhood. .

 

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SOURCE: MLS – MRIS, Metropolitan Regional Information Systems.

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Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

Fauquier County, VA, Virginia, September 2009 Real Estate Statistics, Residential Real Estate and Homes For Sale, MLS Real Estate Listings and Open Houses

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for FAUQUIER COUNTY, Virginia, for the month of SEPTEMBER 2009 in the $1,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

.

To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

. 

The Table below shows the most relevant real estate data for the month of SEPTEMBER 2009 and compares it with the previous month and the previous year, AUGUST 2009 and SEPTEMBER 2008, respectively, in the $100,000 to $5 Million price range. The table was compiled from MLS data.  65 properties were SOLD in FAUQUIER COUNTY, Virginia, during the month of SEPTEMBER 2009 in the $100,000 to $5Million price range. Out of those 65 properties, 23 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the properties that were listed in the MLS-MRIS in FAUQUIER COUNTY, Virginia, and SOLD during the month of SEPTEMBER 2009. The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer.

 

The Median Line Graph shows the MEDIAN sale price of the homes SOLD in Fauquier County, Virginia, over the last six years.

 

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Fauquier County, Virginia, over the last six years.

 

Fauquier County includes: Bealeton (22712), Broad Run (20137), Catlett (20119), Delaplane (20144), Marshall (20115), Midland (22728), Nokesville ( 20181), Remington (22734), Sumerduck (22742),   The Plains (20198), Warrenton (20186, 20187)

 

FAUQUIER	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	65* SOLD	65* SOLD	53 SOLD
ACTIVE LISTINGS	569 ACTIVE	577 ACTIVE	696 ACTIVE
UNITS SOLD IN 0-30 DAYS	23 UNITS	28 UNITS	15 UNITS
MEDIAN PRICE SOLD	$227K	$295K	$258K
AVERAGE PRICE SOLD	$258K	$328K	$295K
AVERAGE DAYS ON THE MRKT	113 DAYS	96 DAYS	154 DAYS

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Distribution of the Listing Prices for the 65 SOLD properties in FAUQUIER COUNTY, Virginia, in the $1,000 to $5 Million price range during the month of SEPTEMBER 2009:

 

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MEDIAN SALE PRICE.  In this graph, Median means that 50% of the  SOLD homes were above the median price and 50% of the SOLD homes  were below the median price. The MEDIAN Price in FAUQUIER COUNTY, Virginia, was $227K  for SEPTEMBER 2009. 

 

 

 

 

AVERAGE SALE PRICE: In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total by the number of homes that SOLD.  The AVERAGE  Price in FAUQUIER COUNTY, Virginia, was $258K  for SEPTEMBER 2009.

 

 

 

 

 

NOTE: All information presented here is believed to be accurate but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA , customized market analysis of your home and your neighborhood.

 

 

SOURCE: MLS -MRIS, Metropolitan Regional Information Systems.

 

Table and Graphs compiled by:

VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

Loudoun County, VA, Virginia, September 2009 Real Estate Statistics, Residential Real Estate and Homes For Sale, MLS Real Estate Listings and Open Houses

Summary of the Residential Real Estate Statistics and MLS real estate listings and Homes for Sale for LOUDOUN COUNTY, Virginia, for the month of SEPTEMBER 2009 in the $1,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not  take into account For Sale By Owner, FSBO, and other privately sold properties.

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To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

. 

The Table below shows the most relevant real estate data for the month of SEPTEMBER 2009 and compares it with the previous month and the previous year, AUGUST 2009 and SEPTEMBER 2008, respectively, in the $100,000 to $5 Million price range. The table was compiled from MLS data.  426 properties were SOLD in LOUDOUN COUNTY, Virginia, during the month of SEPTEMBER 2009 in the $100,000 to $5Million price range. Out of those 426 properties, 270 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the properties that were listed in MLS-MRIS and SOLD in LOUDOUN COUNTY, Virginia, during the month of SEPTEMBER 2009.  The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer. 

 

The Median Line Graph shows the MEDIAN sale price of the homes SOLD in Loudoun County, Virginia, over the last six years.

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Loudoun County, Virginia, over the last six years.

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Loudoun County includes:  Aldie (20105), Ashburn (20147, 20148), Bluemont (20135), Chantilly (20152), Great Falls (22066), Hamilton (20158, 20159), Lovettsville (20180), Middleburg (20117), Paeonian Springs (20129), Purcellville (20132), Round Hill (20141), Sterling (20164, 20165, 20166), Waterford (20197) and Leesburg (20175, 20176, 20177)

 

LOUDOUN	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	426 SOLD	470 SOLD	451 SOLD
ACTIVE LISTINGS	2,109 ACTIVE	2,150 ACTIVE	2,793 ACTIVE
UNITS SOLD IN 0-30 DAYS	270 UNITS	283 UNITS	149 UNITS
MEDIAN PRICE SOLD	$342K	$340K	$320K
AVERAGE PRICE SOLD	$388K	$389K	$362K
AVERAGE DAYS ON THE MRKT	61 DAYS	65 DAYS	97 DAYS

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Distribution of the Listing Prices for the 426 SOLD properties for LOUDOUN COUNTY, Virginia, in the $1,000 to $5 Million price range during the month of SEPTEMBER 2009: 

 

 

 

 

 

 

  

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 MEDIAN SALE PRICE.  In this graph, Median means that 50% of the  SOLD homes were above the median price and 50% of the SOLD homes were below the median price.  The MEDIAN Price in LOUDOUN COUNTY, Virginia, was $342K for SEPTEMBER 2009. 

 

 

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AVERAGE SALE PRICE:  In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total by the number of homes that SOLD.  The AVERAGE Price in LOUDOUN COUNTY, Virginia, was $388K for SEPTEMBER 2009.

 

 

 

 

 

 

   

NOTE: All information presented here is believed to be accurate, but is subject to errors and omissions and should not be relied upon without verification.

NOTE:  Contact me personally for a no obligation CMA, customized market analysis of your home and your neighborhood.

.

.

SOURCE: MLS – MRIS, Metropolitan Regional Information Systems.

 

Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

Prince William County, VA, Virginia, September 2009 Real Estate Statistics, Residential Real Estate and Homes For Sale, MLS Real Estate Listings and Open Houses

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for PRINCE.WILLIAM.COUNTY, Virginia, for the month of SEPTEMBER 2009 in the $1,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties. 

 .

To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml 

 

The Table below shows the most relevant real estate data for the month of  SEPTEMBER 2009 and compares it with the previous month and the previous year, AUGUST 2009 and SEPTEMBER 2008, respectively, in  the $100,000 to $5 Million price range. The table was compiled from MLS data. 683 properties were SOLD in PRINCE WILLIAM COUNTY, Virginia, during the month of SEPTEMBER 2009.  Out of those 683 properties, 461 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the properties that were listed in MLS-MRIS and SOLD in PRINCE WILLIAM COUNTY, Virginia, during the month of SEPTEMBER 2009.  The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer. 

 

The Median Line Graph shows the MEDIAN sale price of the homes SOLD in Prince William County, Virginia, over the last six years.

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The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Prince William County, Virginia, over the last six years.

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Prince William County, Virginia, includes: Bristow (20136), Dumfries (22025, 22026), Gainesville (20155), Haymarket (20169), Nokesville (20181), Occoquan (22125), Triangle (22172), Woodbridge (22191, 22192, 22193), and Manassas (20109, 20110, 20111, 20112)  

 

PRINCE WILLIAM	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	683 SOLD	758 SOLD	1,116 SOLD
ACTIVE LISTINGS	2,944 ACTIVE	2,973 ACTIVE	5,171 ACTIVE
UNITS SOLD IN 0-30 DAYS	461 UNITS	472 UNITS	367 UNITS
MEDIAN PRICE SOLD	$205K	$215K	$190K
AVERAGE PRICE SOLD	$239K	$248K	$220K
AVERAGE DAYS ON THE MRKT	50 DAYS	60 DAYS	109 DAYS

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Distribution of the Listing Prices for the 683 SOLD properties in PRINCE WILLIAM COUNTY, Virginia, in the $1,000 to $5 Million price range during the month of SEPTEMBER 2009:  

 

 

 

 

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MEDIAN SALE PRICE.  In this graph, Median means that 50% of the SOLD homes were above the median price and 50% of the SOLD homes were below the median price.  The MEDIAN PRICE in PRICE WILLIAM COUNTY, Virginia, was $205K for SEPTEMBER 2009. 

 

 

 

AVERAGE SALE PRICE:  In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total by the number of homes that SOLD.  The AVERAGE Price in PRINCE WILLIAM COUNTY, Virginia, was $239K  for SEPTEMBER 2009.

 

 

 

NOTE: All information presented here is believed to be accurate, but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA, customized market analysis of your home and your neighborhood.

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SOURCE: MLS - MRIS, Metropolitan Regional Information Systems.

 

Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

September 2009 Real Estate Statistics, Residential Real Estate and Homes for Sale, MLS Real Estate Listings in Arlington, Fairfax, Fauquier, Loudoun, and Prince William County, VA, Virginia

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for the Northern Virginia area for the month of SEPTEMBER 2009 in the $100,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

 .

To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

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ARLINGTON COUNTY

ARLINGTON	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	221 SOLD	214 SOLD	192 SOLD
ACTIVE LISTINGS	907 ACTIVE	884 ACTIVE	953 ACTIVE
UNITS SOLD IN 0-30 DAYS	113 UNITS	105 UNITS	69 UNITS
MEDIAN PRICE SOLD	$419K	$488K	$448K
AVERAGE PRICE SOLD	$479K	$537K	$512K
AVERAGE DAYS ON THE MRKT	62 DAYS	71 DAYS	85 DAYS

 

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FAIRFAX COUNTY

FAIRFAX	SEPTEMBER,  2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	1,269 SOLD	1,387 SOLD	1,257 SOLD
ACTIVE LISTINGS	5,124 ACTIVE	5,273 ACTIVE	7,106 ACTIVE
UNITS SOLD IN 0-30 DAYS	746 UNITS	791 UNITS	401 UNITS
MEDIAN PRICE SOLD	$365K	$382K	$326K
AVERAGE PRICE SOLD	$416K	$449K	$383K
AVERAGE DAYS ON MRKT	62 DAYS	61 DAYS	96 DAYS

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FAUQUIER COUNTY

FAUQUIER	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	65* SOLD	65* SOLD	53 SOLD
ACTIVE LISTINGS	569 ACTIVE	577 ACTIVE	696 ACTIVE
UNITS SOLD IN 0-30 DAYS	23 UNITS	28 UNITS	15 UNITS
MEDIAN PRICE SOLD	$227K	$295K	$258K
AVERAGE PRICE SOLD	$258K	$328K	$295K
AVERAGE DAYS ON THE MRKT	113 DAYS	96 DAYS	154 DAYS

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LOUDOUN COUNTY

LOUDOUN	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	426 SOLD	470 SOLD	451 SOLD
ACTIVE LISTINGS	2,109 ACTIVE	2,150 ACTIVE	2,793 ACTIVE
UNITS SOLD IN 0-30 DAYS	270 UNITS	283 UNITS	149 UNITS
MEDIAN PRICE SOLD	$342K	$340K	$320K
AVERAGE PRICE SOLD	$388K	$389K	$362K
AVERAGE DAYS ON THE MRKT	61 DAYS	65 DAYS	97 DAYS

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PRINCE WILLIAM COUNTY

PRINCE WILLIAM	SEPTEMBER, 2009	PREVIOUS MONTH	SEPTEMBER, LAST YEAR
UNITS SOLD	683 SOLD	758 SOLD	1,116 SOLD
ACTIVE LISTINGS	2,944 ACTIVE	2,973 ACTIVE	5,171 ACTIVE
UNITS SOLD IN 0-30 DAYS	461 UNITS	472 UNITS	367 UNITS
MEDIAN PRICE SOLD	$205K	$215K	$190K
AVERAGE PRICE SOLD	$239K	$248K	$220K
AVERAGE DAYS ON THE MRKT	50 DAYS	60 DAYS	109 DAYS

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NOTE: Numbers rounded to the nearest thousand – * indicates NO change in month-to-month data, or month-to-previous year data.

NOTE: All information presented here is believed to be accurate but is subject to errors and omissions and should not be relied upon without verification. 

 

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SOURCE: MLS – MRIS, Metropolitan Regional Information Systems

 

Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

Interest Rates on Long-Term Mortgages Near Record Low during 2009

Thirty-year, fixed-rate mortgages moved closer to the all-time low of 4.82 percent reached in May 2009, falling to 4.87 percent the last week of September 2009, according to Freddie Mac.

Home owners who refinance have an opportunity to reduce their payment on a 30-year, fixed-rate loan for $200,000 by nearly $134 a month from a year ago, when long-term rates averaged 5.94 percent.

Other mortgage averages during the last week of September 2009 were as follows:

• 15-year loans fell to 4.33 percent.
• Five-year adjustable-rate mortgages dropped to 4.35 percent.
• One-year ARMs rose to 4.53 percent.

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Clearly, this is a wonderful time to purchase a real estate and there are many great deals waiting for home buyers.  If you are a home buyer searching for a home in Northern Virginia: Arlington County, Fairfax County, Fauquier County, Loudoun County, or Prince William County, I am would be happy to help you with finding that perfect or ideal property. 

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I am REALTOR who is also Accredited Buyer Representative, ABR, and Certified Distressed Property Expert, CDPE, and have an excellent knowledge of the local market as well as procedures for traditional sales, short sales, bank owned properties, REO, foreclosures, and FSBO sales.

Buyer Representation is free to the Buyer and is paid by the Seller out of the commission paid to the Listing Broker, regardless if the Buyer is represented or not. Contact me today for a no obligation Buyer Consultation and you will be glad you did!  There are only benefits that come from Buyer Representation!

 

SOURCE: Chicago Sun-Times

Mortgage Defaulters De-Mystified – 50% of Defaulters have High Credit Scores. CDPE pre-qualification for a Short Sale.

It is assumed by many that borrowers who default on their mortgages are low-income and purchased their home without being able to afford it by taking advantage of low interest rates and lax lending practices. Or that those borrowers signed mortgages without fully understanding the fine print. Or that they qualified for a loan based on no-documents or stated-income loan programs.

It is not necessarily true. Many stated-income borrowers happily meet their mortgage obligations.

At the same time, it is also true that many sub-prime loan borrowers defaulted on their mortgages.

However, a study of 24 million credit files by national credit bureau Experian and consulting company Oliver Wyman has shown that home owners with high credit scores are 50 percent more likely to deliberately walk away from a mortgage than lower-scoring borrowers.

The industry calls these “strategic defaults” and their numbers grew to 588,000 in 2008, double the total in 2007, and well beyond most earlier estimates.

The study determined:

• Strategic defaulters tend to go straight from paying their mortgages dependably to not paying at all.
• Strategic defaulters are heavily concentrated in negative-equity markets like California and Florida.
• Two-thirds of strategic defaulters have only one mortgage.
• Most likely to default are home owners with large balances and the highest credit ratings.

Clearly, strategic defaulters are sophisticated and look on the decision to default as a business strategy. They may find themselves $200K-$300K in the hole on their house, and choose to damage their credit rather than continue making payments to the lender.

Clearly it seems that most “strategic defaulters” look at a house purchase as an investment first and as a HOME a distant second – while most traditional home buyers purchase a house as a HOME first and foremost.

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This study certainly explains the relatively low rate of short sales being approved by the lenders – in order to qualify for a short sale, the sellers must prove hardship. Merely not being happy with the current housing market and the fact that the seller’s house lost value, or that the seller owes more than the house is worth, is NOT enough for the lender to agree to a short sale.  A hardship letter proving inability to meet mortgage obligations due to circumstances beyond borrower’s control is the only way to qualify for a short sale.

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NOTE: I am a REALTOR who is also CDPE, Certified Distressed Property Expert. If you or someone you know owes more on their house than it is worth in the current market, and must sell due to relocation, job transfer, loss of income or other factors, you may qualify for a short sale and thus save your credit. Contact me personally for a no obligation consultation before you decide to foreclose on your home and damage your credit – short sale is not reported on your credit report.

I practice real estate in Northern Virginia area: Arlington County, Fairfax County, Fauquier County, Loudoun County, Prince William County.

SOURCE: Washington Post Writers Group

4 Tips to Getting a Loan by Home Buyers – Down Payment, Credit Scores, Documented Income

These days one of the biggest impediments to closing a real estate sale can be the buyer’s ability to get a mortgage.

Here are some tips for anyone who hopes to land a loan:

• Turn to the government. The biggest source of loans these days is the Federal Housing Administration (FHA) and the Veterans Administration (VA). These programs accept borrowers with lower credit scores and allow them to put down as little as 3.5 percent of the purchase price.

• Document, document, document. Borrowers will need bank statements, brokerage statements, W-2 forms and tax returns.

• Boost credit scores. Borrowers should avoid having more than one-third of their maximum borrowing capacity outstanding on one credit card. If necessary, rotate the debt among several cards. More on how to improve credit scores.

• Work your connections. Comparison shopping is easy online, but if borrowers have an established relationship with a local bank, they should try that lender first.

Post about comparing loan programs.

 

NOTE: The above is for informational purposes only and may be subject to errors and omissions, and changes in regulation. For details always contact your trusted lender.

 

SOURCE: BusinessWeek.com

VHDA’s Homebuyer Tax Credit Plus Loan Creates Opportunity for First-time Buyers to Enter the Market

 

The numbers do not lie. In fewer than four months, more than 250 borrowers have applied for VHDA’s new Homebuyer Tax Credit Plus mortgage loan. The loan is definitely sparking the interest of potential first-time homebuyers who thought they’d be left out of the current affordable market due to lack of funds for down payment and closing costs.

It means that those 250 first time home buyers would not be able to afford to purchase a home, but for VHDA program.

VHDA is helping make the $8,000 federal tax credit work for first-time buyers by addressing their critical need for up-front cash. Homebuyer Tax Credit Plus makes it easy to come up with the cash, by combining a VHDA FHA first mortgage with a second mortgage of up to 5 percent of the sales price. Not only can that 5 percent be used for down payment and closing costs, there is no interest and no payments due on the second mortgage for the first 12 months.

“While this program is similar to VHDA’s current down payment assistance program,” said VHDA Director of Homeownership Programs Michele Watson, “it’s unique in that the second mortgage offers no payments and 0% interest during the first year. This gives borrowers the flexibility to choose a preferred payment plan for the second mortgage.”

Homebuyer Tax Credit Plus enables the borrower to use their tax credit to pay off the second mortgage at no cost. Or they can keep their tax credit and have the loan amortized over 29 years at the same affordable fixed interest rate as the first mortgage. Pricing options are available, and the interest rate on the first and second mortgage will be the same. In addition, no points or origination fees are charged on the second mortgage.

“The hope for full market recovery lies with first-time homebuyers,” said Watson. “The Homebuyer Tax Credit Plus loan provides first-time homebuyers a resource to take advantage of this market.”  Needless to say, first-time home buyers are crucial in real estate market.

Homebuyers still have time to take advantage of the program. As with the federal tax credit requirements, loans must close by November 30, 2009. All the program details can be found at vhda.com.

IRS Cracking Down on False $8,000 First-Time Home Buyer Tax Credit Claims

The IRS is cracking down on people who do not qualify for the first-time homebuyer tax credit but try to claim it anyway.

The IRS says it is investigating several cases of people who falsely claimed the first-time homebuyer credit on their federal income tax returns. Getting caught making a false claim carries a penalty of up to three years in prison and a fine of as much as $250,000.

The First-Time Homebuyer Credit, enacted in 2008 and modified in 2009, provides up to $8,000 for first-time homebuyers. The purchaser must be someone who has not owned a primary residence in the previous three years. If the taxpayer is married, this requirement also applies to the taxpayer’s spouse.

The $8,000 tax credit applies only to homes purchased between January 1, 2009 and closed before Dec. 1, 2009 – unless it is extended by the Congress.

The credit may not be claimed on the purchaser’s tax return until AFTER the taxpayer closes and has purchased the home.

SOURCE: The Internal Revenue Service; The Boston Globe

Washington, D.C. among Top Cities Destined for Fastest Recovery

Which cities are likely to be the hottest post-economic downturn destinations for young, brilliant, and highly mobile workers?

The Wall Street Journal surveyed six trend-spotting experts and they chose cities based on economic diversity, lifestyle and their own personal preferences.  Similar study was done by Forbes Magazine.

Here’s the top-10 list:

1. Washington, D.C. (tie) with Seattle
2. New York
3. Portland, OR
4. Austin, TX
5. San Jose, CA
6. Denver
7. Durham, N.C.
8. Dallas
9. Chicago
10. Boston

It should not come as a surprise.  Arlington County real estate held up very nicely despite the recession and even managed to boast mini-sales boom. Click here for Arlington County median and average prices for August, 2009.

Of course, other counties west of Washington, D.C. were less fortunate as home prices declined significantly, especially in Prince William County.  However, Washington, D.C. area because of its location and proximity to the federal government, as well as strong job market is positioned to weather economic downturn better than other areas of the country.

 

SOURCE: The Wall Street Journal

Annual Percentage Rate, APR – How to Shop and Compare Loan Programs

Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs.

However, it’s important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way.

While the Federal Truth-in-Lending Act does require any mortgage broker or lender to disclose APR to the consumer, there is no rule written in stone for calculating this number that each and every lender agrees upon.

The point of calculating APR is to let the consumer know what the actual cost of their financing is in the form of a yearly rate.

APR factors-in certain closing costs and fees associated with the loan, and spreads this total over the life of the loan along with the actual note rate. The objective is to give the consumer a clearer picture of what their actual costs are, and this inhibits lenders from hiding fees or upfront costs behind low interest rates in their advertising.

Fees that are generally included in the APR calculation are points, pre-paid interest, loan processing fees, underwriting fees, document preparation fees, and private mortgage insurance. On occasion, lenders will include a loan application fee and/or credit life insurance.

Fees that are normally not included in the APR calculation are fees from Title, Escrow, attorney, notary, document preparation, home inspection, recording, transfer taxes, credit report and appraisal.

Borrowers need to keep in mind that all lenders do not perform the calculation the same way.

Moreover, APR does not consider the possibility of making pre-payments, moving or refinancing.

Unless the interest rate is tied to a fixed instrument, APR is even more confusing. Calculating APRs on adjustable rate and balloon mortgages is more complex because there is no way of knowing what future rates will be.

If all lenders calculated APR the same way, consumers could make easy comparisons when deciding on what loan program to go with. Since they don’t, the consumer should know that APR is simply a starting point for comparison. They should rely on the skills of a well-versed loan professional to assist them in obtaining the loan that meets their specific needs.

The more important things to consider are how long the loan is needed.

What are the long-term goals of the borrower?

If the home buyer only expects to stay in the home for five years, there’s not a lot of sense in looking exclusively at 30-Year Fixed rates because the APR seems more reasonable.

If a young couple is buying a home, knowing they will refinance in eight years to pay for their son’s college education, then once again, APR is not a realistic factor to take into consideration.

This is why it is extremely important for borrowers to shop a few lenders and compare each loan line by line – it is also important to remember to compare a loan program offered by one lender to the SAME loan program offered by another lender, and thus comparing apples to apples and not apples to oranges. 

 

 

NOTE: The above is for informational purposes only and may be subject to errors and omissions, and changes in regulation. For details always contact your trusted lender.

August 2009 Real Estate Statistics, MLS Residential Real Estate and Homes For Sale in Arlington County, Virginia

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for ARLINGTON COUNTY, Virginia, for the month of AUGUST 2009 in the $1,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

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To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/ 

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

.

The Table below shows the most relevant real estate data for the month of AUGUST 2009 and compares it with the previous month and the previous year, JULY 2009 and AUGUST 2008, respectively, in the $100,000 to $5 Million price range.  The table was compiled from MLS data.  214 properties were SOLD in ARLINGTON COUNTY, Virginia, during the month of AUGUST 2009 in the $100,000 to $5 Million price range. Out of those 214 properties, 105 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the properties that were listed in the MLS-MRIS in ARLINGTON COUNTY, Virginia, and SOLD during the month of  AUGUST 2009.  The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer. 

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The Median Line Graph shows the MEDIAN sale price of the homes SOLD in Arlington County, Virginia, over the last six years.

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Arlington County, Virginia, over the last six years.

 

Arlington County, Virginia, includes: Ashton Heights (22201), Aurora Hills (22202), Crystal City (22202), Ballston (22203), South Arlington (22204), Shirlington (22206), North Arlington (22207), Rosslyn/Arlington (22209), and Alexandria.  

 

ARLINGTON	AUGUST, 2009	PREVIOUS MONTH	AUGUST, LAST YEAR
UNITS SOLD	214 SOLD	290 SOLD	238 SOLD
ACTIVE LISTINGS	884 ACTIVE	917 ACTIVE	880 ACTIVE
UNITS SOLD IN 0-30 DAYS	105 UNITS	148 UNITS	95 UNITS
MEDIAN PRICE SOLD	$488K	$495K	$454K
AVERAGE PRICE SOLD	$537K	$523K	$581K
AVERAGE DAYS ON THE MRKT	71 DAYS	61 DAYS	76 DAYS

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Distribution of the Listing Prices for the 214 SOLD properties  in ARLINGTON COUNTY, Virginia, in the $1,000 to $5 Million price range during the month of AUGUST, 2009:  

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MEDIAN SALE PRICE.  In this graph, Median means that 50% of the SOLD homes were above the median price and 50% of the SOLD homes were below the median price.  The MEDIAN Price in ARLINGTON COUNTY, Virginia, was $488K for AUGUST 2009. 

 

 

 

 

 AVERAGE SALE PRICE: In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total by the number of homes that SOLD.  The AVERAGE Price in ARLINGTON COUNTY, Virginia, was $537K for AUGUST 2009. 

 

 

 

 

NOTE: All information presented here is believed to be accurate, but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA, customized market analysis of your home and your neighborhood.

.

SOURCE: MLS - MRIS, Metropolitan Regional Information Systems

 

Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

August 2009 Real Estate Statistics, MLS Residential Real Estate and Homes For Sale in Fairfax County, Virginia

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for FAIRFAX COUNTY, Virginia, for the month of AUGUST 2009 in the $1,000 to $5 Million price range.  The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

 .

To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/ 

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

.

The Table below shows the most relevant real estate data for the month of AUGUST 2009 and compares it with the previous month and the previous year, JULY 2009 and AUGUST 2008, respectively, in the $100,000 to $5 Million price range. The Table was compiled from MLS data.  1,387 properties were SOLD in FAIRFAX COUNTY, Virginia, during the month of AUGUST 2009 in the $100,000 to $5Million price range. Out of those 1,387 properties, 791 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the  properties that were listed in the MLS-MRIS in FAIRFAX COUNTY, Virginia, and SOLD during the month of AUGUST 2009.  The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer.

 

The Median Line Graph shows the MEDIAN sale prices of the homes SOLD in Fairfax County, Virginia, over the last six years. 

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Fairfax County, Virginia, over the last six years.

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Fairfax County, Virginia, includes: Annandale (22003), Burke (22015), Centreville (20120, 20121), Chantilly (20151), Clifton (20124),  Fairfax City (22030, 22031, 22032, 22033), Fairfax Station ( 22039), Falls Church (22041, 22042, 22043, 22044, 22046, 22047), Fort Belvoir (22060),  Great Falls (22066), Herndon (20170, 20171), Kingstowne (22315), Lorton (22079), Mc Lean (22101, 22102), Mount Vernon (22121), Oakton (22124), Reston (20190, 20191, 20194), Springfield (22150, 22151, 22152, 22153),  Vienna (22180, 22181, 22182), and  Alexandria. 

FAIRFAX	AUGUST,  2009	PREVIOUS MONTH	AUGUST, LAST YEAR
UNITS SOLD	1,387 SOLD	1,484 SOLD	1,355 SOLD
ACTIVE LISTINGS	5,273 ACTIVE	5,610 ACTIVE	7,254 ACTIVE
UNITS SOLD IN 0-30 DAYS	791 UNITS	826 UNITS	431 UNITS
MEDIAN PRICE SOLD	$382K	$390K	$375K
AVERAGE PRICE SOLD	$449K	$448K	$457K
AVERAGE DAYS ON MRKT	61* DAYS	61* DAYS	89 DAYS

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Distribution of the Listing Prices for the 1,387 SOLD properties in FAIRFAX COUNTY, Virginia, in the $1,000 to $5Million price range during the month of AUGUST 2009: 

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MEDIAN SALE PRICE:  In this graph, the Median means that 50% of the  SOLD homes were above the median price and 50% of the SOLD homes were below the median price.  The MEDIAN Price in FAIRFAX COUNTY, Virginia, was $382K for AUGUST 2009.

 

 

 

 AVERAGE SALE PRICE: In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total  by the number of homes that SOLD.  The AVERAGE Price in FAIRFAX COUNTY, Virginia, was $449K for AUGUST 2009

 

 

 

.

NOTE: All information presented here is believed to be accurate, but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA, customized market analysis of your home and your neighborhood. .

 

.

SOURCE: MLS – MRIS, Metropolitan Regional Information Systems.

.

Table and Graphs compiled by:
VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
Toll-Free:….877.765.3799
Mobile:…540.229.5429
E-Fax:….888.864.3374
E-mail: VivianneRutkowski@MRIS.com
WEBSITE: www.RealtorVivianneRutkowski.com
BLOG:  http://VivianneRutkowski.WordPress.com

August 2009 Real Estate Statistics, MLS Residential Real Estate and Homes For Sale in Fauquier County, Virginia

A Summary of the Residential Real Estate Statistics, MLS real estate listings and Homes for Sale for FAUQUIER COUNTY, Virginia, for the month of AUGUST 2009 in the $1,000 to $5 Million price range. The data applies only to properties that were Listed and Sold through MLS-MRIS and does not take into account For Sale By Owner, FSBO, and other privately sold properties.

 .

To search all area MLS listings by COUNTY, TOWN, ZIP CODE, or LISTING NUMBER, visit my web site: http://www.realtorviviannerutkowski.com/ 

To search all area OPEN HOUSES:  http://www.realtorviviannerutkowski.com/openhousesearch.shtml

To save your searches and receive automated e-mail updates: http://www.realtorviviannerutkowski.com/pw_login.shtml

.

The Table below shows the most relevant real estate data for the month of AUGUST 2009 and compares it with the previous month and the previous year, JULY 2009 and AUGUST 2008, respectively, in the $100,000 to $5 Million price range. The table was compiled from MLS data.  65 properties were SOLD in FAUQUIER COUNTY, Virginia, during the month of AUGUST 2009 in the $100,000 to $5Million price range. Out of those 65 properties, 28 SOLD within 0-30 days of being put on the market.

 

The Bar Graph is a distribution of the Listing Prices for the properties that were listed in the MLS-MRIS in FAUQUIER COUNTY, Virginia, and SOLD during the month of AUGUST 2009. The Bar Graph applies to $1,000 to $5 Million price range. The actual Selling Price may differ from the Listing Price. The Bar Graph does not take into account Seller subsidies and contributions to the Buyer, only the Listing Price in the MLS at the time of the Offer.

 

The Median Line Graph shows the MEDIAN sale price of the homes SOLD in Fauquier County, Virginia, over the last six years.

 

The Average Line Graph shows the AVERAGE sale price of the homes SOLD in Fauquier County, Virginia, over the last six years.

 

Fauquier County includes: Bealeton (22712), Broad Run (20137), Catlett (20119), Delaplane (20144), Marshall (20115), Midland (22728), Nokesville ( 20181), Remington (22734), Sumerduck (22742),   The Plains (20198), Warrenton (20186, 20187)

 

FAUQUIER	AUGUST, 2009	PREVIOUS MONTH	AUGUST, LAST YEAR
UNITS SOLD	65 SOLD	62 SOLD	57 SOLD
ACTIVE LISTINGS	577 ACTIVE	581 ACTIVE	730 ACTIVE
UNITS SOLD IN 0-30 DAYS	28 UNITS	18 UNITS	16 UNITS
MEDIAN PRICE SOLD	$295K	$255K	$285K
AVERAGE PRICE SOLD	$328K	$617K	$330K
AVERAGE DAYS ON THE MRKT	96 DAYS	139 DAYS	118 DAYS

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Distribution of the Listing Prices for the 65 SOLD properties in FAUQUIER COUNTY, Virginia, in the $1,000 to $5 Million price range during the month of AUGUST 2009:

  

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MEDIAN SALE PRICE.  In this graph, Median means that 50% of the  SOLD homes were above the median price and 50% of the SOLD homes  were below the median price. The MEDIAN Price in FAUQUIER COUNTY, Virginia, was $295K for AUGUST 2009.

 

 

 

 

AVERAGE SALE PRICE: In this graph, the Average was calculated by combining the values of all the SOLD homes and dividing the Total by the number of homes that SOLD.  The AVERAGE  Price in FAUQUIER COUNTY, Virginia, was $328K for AUGUST 2009.

 

 

 

 

 

NOTE: All information presented here is believed to be accurate but is subject to errors and omissions and should not be relied upon without verification.

NOTE: Contact me personally for a no obligation CMA , customized market analysis of your home and your neighborhood.

 

 

SOURCE: MLS -MRIS, Metropolitan Regional Information Systems.

 

Table and Graphs compiled by:

VIVIANNE RUTKOWSKI
REALTOR, ASP, ABR
KELLER WILLIAMS REALTY
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