FAIRFAX COUNTY VIRGINIA REAL ESTATE, IT’S TIME TO BUY.
FAIRFAX COUNTY, VIRGINIA - IT’S TIME TO BUY! YES! IT’S TIME TO BUY! (edit/delete)
FAIRFAX COUNTY VA REAL ESTATE. YES! It’s Time To Buy! It’s Time To Buy!
FAIRFAX COUNTY HOME BUYERS: We’ve compiled the facts and statistics for you to show that it is, indeed, a 
good time to buy a home in Fairfax County, Virginia.
IF YOU NEED OR WANT TO BUY A HOME in FAIRFAX COUNTY VIRGINIA, BUY NOW. PRICES ARE DOWN AND IT’S A BUYER’S MARKET!
Prices are down in Alexandria, Annandale, Burke, Centreville, Falls Church, Fairfax, Great Falls, Herndon, Lorton, McLean, Reston, Springfield, and Vienna.Fact: There are about 2,923 Single Family Homes (not new construction) listed for sale in Fairfax County, VA (2/24/08). Home buyers in Fairfax County have more choices than ever before.
Fact: There are about 6,091 homes of all types listed for sale in Fairfax County, VA (2/24/08). Home buyers for single family, townhomes, condos have more choices than ever before.
Fact: Home prices for homes SOLD in January 2008 were 11.13% lower than in January 2007. Sellers are reducing home prices faster than recent times.
Fact: Prices for all homes SOLD in Fairfax County sold for 90.89% of the list price. That reflects an average 11% negotiating success.
Fact: There is about a 5-11% negotiating window for buyers and seller subsidies are also higher.
Fact: Total units sold in January 2008 were down 46.41% from January 2007. Sellers need to sell and will negotiate.
Fact: List prices for homes for sale in Fairfax County in January 2007 are 8.85% lower than in January 2007. Lower list prices reflect the pressure from lower SOLD prices and lower appraisals.
Fact: The average Days On The Market for homes listed for sale in Fairfax County, VA is 132 days, 24.53% longer than a year ago.
Fact: Rents are increasing and will continue to do so until buyers get back in the real estate market.
Fact: Mortgage requirements are becoming increasingly difficult and will continue to do so for some time.
FAIRFAX County Virginia Average SOLD prices 2005-2008 (All home types).
January 2008 - Average SOLD price was $472,016
January 2007 - Average SOLD price was $531,143
January 2006 - Average SOLD price was $512,201
January 2005 - Average SOLD price was $475,995
FAIRFAX COUNTY HOME BUYERS can now select from homes for sale at 2005 prices. * It took 3 years to get list prices for homes for sale back to 2005 prices.
* Pressure from Short Sales and Foreclosures have helped bring prices down.
* Home owners who sold due to relocating to other areas helped bring prices down.
* Smart buyers who simply said, “I will not pay that price for that house” helped bring prices down.
* Buyers Agents in the Homefinders.com network who gave our home buyers the facts about the real estate market helped bring home prices down.
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