I’m back with my Northern Virginia market stat recap. The market has slowed in a few sub markets significantly, and there is a big difference in activity between detached vs. townhouse vs. condo properties. Condo activity has slowed down significantly in October since September, and these month old stats aren’t that helpful in showing that.…
Coral’s Market Snapshot – Aug 2020
Welcome to second spring in Northern Virginia! At least that’s what this real estate market feels like lately especially Arlington County. I’ve listed and/or sold a total of 8 houses in the past month. Normally, people are out of town so they delay listing until September and typically buyer activity is tepid. Not this year!…
Coral’s Market Snapshot – July 2020
The summer real estate market continues to favor sellers, but signs indicate change could be coming. There are more condo listings and those listings are lingering on the market a bit longer than in previous months. Single-family homes from Arlington to Gainesville are getting multiple offers in just about all price ranges if the homes…
Coral’s Market Snapshot – June 2020
A new phase of opening led to a positive jump in new listings for June. Across Northern Virginia new listings were up from a year ago. This is a result of most sellers delaying listing in March and April when Covid-19 lockdowns were in place. I’m back with my monthly market statistics recap. Buyers and…
Coral’s Market Snapshot – May 2020
I’m back with my monthly market statistics recap. Buyers have come back into the market strong, but inventory is nonexistent. May average sales prices stayed almost even in the county, while new listings and closed sales had double digit declines. It’s a tough market out there. If you have ANY questions I am here for…
Coral’s Market Snapshot – April 2020
Activity took a big pause in mid March, but surged in late April through now. We’ve seen the same ole same ole of multiple offers, waived contingencies and bidding wars for the last few weeks – it’s like the pandemic isn’t even happening in Arlington real estate in some cases. Now on the other hand,…
Coral’s Nov 2018 Local Market Recap
Low inventory is still the headline. The days on market are calculated differently now, as number of days from listing to sold, so they look higher than they used to. The “Amazon Affect” caused a jump in contract activity in November, as new pending contracts saw a huge jump after the big announcement. I can…
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