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 Real Estate Blog 
Thursday, September 12 2013

August 2013 Real Estate Market Update by county, town, zip code.

 

 

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

 

 

Posted by: Marilee Murphy AT 05:40 am   |  Permalink   |  Email
Thursday, September 12 2013

DC Metro Price Increases Continue into August as Demand Remains Strong

Posted on September 09, 2013 by Corey Hart, RBIntel
 

Even with double-digit gains in new listings, overall inventory remains low

OVERVIEW

Demand remained strong in the Washington DC Metro Region in August.  The number of sales and pending contracts increased.  Inventories continue to decline, but the pace has slowed to a single digit year-over year decrease.  New listings continue to increase and mitigate the decline of inventories.  Demand for smaller units in the market continues to drive much of the overall sales.  Sales of units smaller than 800 square feet increased by 35.6 percent from last August, which is over double the 13.8 percent increase for all units.  Condo sales drove the majority of the increases in both sales and new contracts.  Units between 800 and 1,000 square feet had a median sales price increase of 21.7 percent, or nearly three times the 7.8 percent increase for all units.  The overall high demand and low supply contributed to median sale price gains within the region and resulted in the highest August-level median sales price in eight years.  The median days-on-market continues to be historically low, and is now at its lowest August-level since 2005.  Rising prices and strong demand may encourage new sellers to enter the market, increasing new listings and helping to meet pent up demand.

 

Read more...

 

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 05:36 am   |  Permalink   |  Email
Thursday, September 12 2013

Thinking of Selling Your House? 5 Reasons to Do it Now

by The KCM Crew on September 10, 2013

Many now realize that it is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market.

1.) Demand Is High

The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed a 17.2 percent increase in sales over July 2012; sales have remained above year-ago levels for 25 months. There are buyers out there right now and they are serious about purchasing.

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

 

Read more....

Posted by: Marilee Murphy AT 05:32 am   |  Permalink   |  Email
Wednesday, September 04 2013

Back to school – for the first time

 

Sept. 3 marked the first day of school for Loudoun County's 70,855 students attending 55 elementary schools, 14 middle schools and 13 high schools.

But at two schools, it wasn't just the first day of the year, it was the first day – ever.

Moorefield Station and Discovery elementary schools, both built this year in Ashburn, welcomed students to Loudoun's newest schools amid fanfare.

At Discovery, the Broad Run marching band blasted music triumphantly as parents walked their students to the front door. The faculty waved as children with backpacks nearly as large as them tottered into the school. James Dallas, the new principal of Discovery, bounced between guiding traffic and greeting everyone.

Three miles away, Moorefield Station soaked in a similar situation. Motivational sayings and pictures, drawn in colorful chalk by the parents the night before, awaited the students, who came on bus, foot and bicycle.


Read more...

 

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 08:52 am   |  Permalink   |  Email
Wednesday, September 04 2013

Should I Wait for Interest Rates to Come Back Down?

by The KCM Crew on September 3, 2013

Should I Wait for Interest Rates to Come Back Down?

by The KCM Crew on September 3, 2013 · 0 comments

in For Buyers

RatesAbove is a graph of the movement of the 30 year fixed mortgage rate since the beginning of 2012.

Some buyers are waiting to see if interest rates will come back down before making a decision about buying a home. Though no one can guarantee where rates will be in a few months, we don’t believe waiting is a good strategy.

Most experts believe rates may actually move higher. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to climb.

Read more...

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 06:10 am   |  Permalink   |  Email
Monday, September 02 2013

School Starts Tomorrow , Tue Sept 3 in Loudoun, Fairfax, & Prince William Counties.

Posted by: Marilee Murphy AT 08:56 am   |  Permalink   |  Email
Saturday, August 31 2013

The house that Johnson built - Salamander Resort and Spa in Middleburg

Many have waited for Aug. 29 for more than 10 years.

Standing just in front of the “house she built” as she stepped to the podium to officially open the Salamander Resort and Spa in Middleburg, founder and CEO Sheila Johnson was feeling a wide range of emotions.

Fighting tears of joy, Johnson thanked Middleburg's Mayor Betsy Davis and the rest of the Town Council for its unwavering support of the project.

Read more...

 

Read more details about "Salamander Resort and Spa" - Link to their website

 

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 08:17 am   |  Permalink   |  Email
Friday, August 30 2013

Top 10 Reasons To Hire A Real Estate Agent

by The KCM Crew on August 30, 2013

Education and Experience, Neighborhood Knowledge, Professional Networking...

Read more...

 

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

 

Posted by: Marilee Murphy AT 09:12 am   |  Permalink   |  Email
Thursday, August 29 2013

Inova Healthplex plans moving forward in Ashburn

Inova Loudoun Hospital during the last year has been undergoing expansion and construction to better its facilities.

Inova Health System is preparing to move forward with plans for a Healthplex in Ashburn, north of Route 50.

The 50,500-square-foot Healthplex and 71,280-square-foot medical office building will be at the intersection of Barrister Street and Loudoun County Parkway, just south of the Greenway.

The Healthplex will primarily be an emergency room and a resource for outpatient imaging.

“We have had that site under contract for three or four years now and the idea there, as we have developed our services across the county, is to provide pretty broad access to people across Loudoun County to health care services,” Inova Loudoun Hospital CEO H. Patrick Walters said. “At Lansdowne we have our advanced acute services and what we are developing in the Ashburn area is outpatient services.”

 

Read more....

 

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

 

Posted by: Marilee Murphy AT 08:26 am   |  Permalink   |  Email
Wednesday, August 28 2013

Reston: 7th Annual Lake Anne Jazz & Blues Festival-Sat Aug 31

Lake Anne has moved up their ever popular Jazz & Blues Festival from October to Labor Day Weekend. The 7th Annual Lake Anne Jazz & Blues Festival will take place Saturday, August 31, 2013. This free, family friendly, all-day event will take place from 1:00PM-8:00PM and will showcase a variety of talented local emerging artist and national jazz performers.

Read more....

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 08:35 am   |  Permalink   |  Email

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Marilee Murphy Associate Broker, CRS, GRI, ABR, e-Pro
REALTOR®
Long & Foster REALTORS®

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