| 2008 | 2007 | % Change | |
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| Total Sold Dollar Volume: | $ 329,456,954 | $ 528,378,666 | - 37.65 % |
| Average Sold Price: | $ 467,979 | $ 508,545 | - 7.98 % |
| Median Sold Price: | $ 405,000 | $ 448,900 | - 9.78 % |
| Total Units Sold: | 704 | 1,039 | - 32.24 % |
| Average Days on Market: | 123 | 113 | 8.85 % |
| Average List Price for Solds: | $ 513,320 | $ 544,350 | - 5.70 % |
| Avg Sale Price as a percentage of Avg List Price: |
91.17 % | 93.42 % |
FORECLOSURE LISTINGS IN FAIRFAX COUNTY, VIRGINIA, MARCH 2008.
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Contact Lenn for a tour of homes in Fairfax County, Virginia 800-711-7988.
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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.
Click to enlarge
2 Langley
3 Marshall
4 Oakton
5 McLean
9 Madison
11 Woodson
12 Herndon
13 Westfield
14 Centreville
15 West Potomac
17 Fairfax
18 Lee
19 South Lakes
20 Falls Church
21 Edison
23 Stuart
24 Mount Vernon
25 Annandale
FAIRFAX.CONSIDER THE VALUE IN TOWN HOMES. TOWN HOMES CAN BE A WONDERFUL WAY TO BUY AND OWN A HOME IN A COMMUNITY IN FAIRFAX COUNTY, VIRGINIA.
The listings below are all in Fairfax County and enjoy access to the highly popular METRO Rail transportation system to easy access into DC or the Pentagon.
| City | Price | Exterior Material | HOA | BR | BA | Fireplace | # Gar |
Listings all in communities with amenities including out door swimming pools, recreation center and more.
EXAMPLES OF TOWN HOMES IN THE $500,000 to $600,000 Price Range.
24 Feet wide wtih 3 BR, 3 BA 22 Feet wide with 3 BR, 3 BA
METRO MAP
Search Listings of Homes for sale in Fairfax County.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.
FINANCING YOUR HOME IN FAIRFAX COUNTY, VIRGINIA
Real Estate Assessment Notices
What’s in a home loan?? P.I.T.I.
Principal: Monthly payments that reduce your loan balance in small increment.
Interest: Monthly payments to the lender based on the interest rate for your loan charged on the unpaid balance.
Taxes: Real estate taxes paid from an escrow account held by the lender through a 1/12th of the annual real estate taxes included in your monthly payment.
Insurance: Hazard insurance, fire, theft, liability insurance paid to the mortgage company in payments of 1/12th of the annual premium each month.
HOMES IN FAIRFAX COUNTY ARE PRICED USING THE FOLLOWING CRITERIA:
Driving distances from Fairfax City TO Capitol Hill in Washington, D.C.
To Dulles International Airport - Rt. 267 McLean to Dulles Airport - 14 miles
To Reagan National Airport - Route 1 - McLean to National - 27 miles
To Baltimore/Washington International Airport - McLean to BWI - 61 miles
Demographics Fairfax County Towns
Prices for DETACHED SINGLE FAMILY HOMES Fairfax County, Virginia
WHAT’S FOR SALE IN FAIRFAX COUNTY, VIRGINIA??
3,920 DETACHED HOMES FOR SALE
The average price is $900,000
Burke Home - $650,000 range
104 HOMES FOR SALE IN BURKE 
The average price is $652,676
185 HOMES FOR SALE IN CENTREVILLE
The average price is $652,676
94 HOMES FOR SALE IN CLIFTON
The average price is $1,397,757
381 HOMES FOR SALE IN FAIRFAX TOWN
The average price is $773,537
90 HOMES FOR SALE IN FAIRFAX STATION
The average price is $1,001,578
203 HOMES FOR SALE IN GREAT FALLS
The average price is $1,932,635
296 HOMES FOR SALE IN HERNDON
The average price is $699,238
Lorton Home - $750,000 range
129 HOMES FOR SALE IN LORTON 
The average price is $769,268
299 HOMES FOR SALE IN MCLEAN
The average price is $2,134,143
61 HOMES FOR SALE IN OAKTON
The average price is $1,169,214
94 HOMES FOR SALE IN RESTON
The average price is $695,806
232 HOMES FOR SALE IN VIENNA
The average price is $996,947
SEARCH LISTINGS HOMES FOR SALE FAIRFAX COUNTY
Courtesy: Homefinders.com
Lenn Harley, Broker, Homefinders.com, 800-711-7988, Serving home buyers in Maryland and Northern Virginia
FORECLOSED HOMES IN FAIRFAX COUNTY LISTED FOR SALE
ABOUT 146 DETACHED SINGLE FAMILY HOMES THAT HAVE BEEN FORECLOSED,
ARE BANK OWNED AND ARE LISTED FOR SALE.
Market report for properties that have been through the foreclosure process and are bank owned.
Foreclosed properties are located throughout Fairfax County real estate.
FORECLOSURES in Fairfax County
Properties are located in
Alexandria (not Old Town) - 27 foreclosed homes for sale.
Annandale - 5 foreclosed homes for sale.
Burke - 4 foreclosed homes for sale.
Centreville - 11 foreclosed homes for sale.
Fairfax City - 9 foreclosed homes for sale.
Falls Church - 16 foreclosed homes for sale.
Herndon - 34 foreclosed homes for sale.
Lorton - 9 foreclosed homes for sale.
Springfield - 34 foreclosed homes for sale.
The remainder are in McLean, Great Falls, Vienna.
FORECLOSURES ARE ALL AGES in Fairfax County
15 properties are 10 years old or newer.
22 properties are between 11 and 25 years old.
109 properties are over 25 years old.
PRICES OF THE FORECLOSED HOMES in Fairfax County
8 properties are priced between $400,000 and $500,000.
26 properties are priced between $500,000 and $600,000.
10 properties are priced between $600,000 and $700,000.
8 properties are priced between $700,000 and $800,000.
3 properties are priced between $800,000 and $900,000.
3 properties are priced between $1,000,000 and $3,100,000.
AVERAGE PRICE RANGE FOR FORECLOSURES in Fairfax County
The minimum price for foreclosures in Fairfax County is $310,000.
The high price for foreclosures in Fairfax County is over $3,000,000.
The average price for foreclosures in Fairfax County is $547,500.
LOT SIZES FOR FORECLOSURE in Fairfax County
The smallest lot size for foreclosed properties in Fairfax County is under 1/5 acre.
The largest lot size for a foreclosed property in Fairfax County is about 5.5 acres.
The average lot size for foreclosed properties in Fairfax County is about 1/4 acre.
EXAMPLES OF FORECLOSED HOMES IN FAIRFAX COUNTY, VIRGINIA
Examples of foreclosed homes in Fairfax County in the $400,000, $500,000 and $800,000 price range.
Lenn Harley, Homefinders.com, 800-711-7988.
Courtesy: Homefinders.com
Tracking Market Trends in the Northern Virginia Real Estate Market from MARCH 2007 to SEPTEMBER 2007
Sales in Northern Virginia remain slow, but prices are stable with sales primarily in the new home and foreclosure market.
Alexandria City Real Estate SOLD prices 2007
The average SOLD price for homes in Old Town Alexandria in March 2007 was $525,355
The average SOLD price for homes in Old Town Alexandria in September 2007 was $483,467
Average Days on Market - 85
Arlington County Real Estate SOLD prices 2007
The average SOLD price for homes in Arlington County in March 2007 was $544,834
The average SOLD price for homes in Arlington County in September 2007 was $563,846
Average Days on Market - 69
Fairfax County Real Estate SOLD prices 2007
The average SOLD price for homes in Fairfax County in March 2007 was $529,382
The average SOLD price for homes in Fairfax County in September 2007 was $526,732
Average Days on Market - 89
Fauquier County Real Estate SOLD prices 2007
The average SOLD price for homes in Fauquier County in March 2007 was $369,565
The average SOLD price for homes in Fauquier County in September 2007 was $501,418
Average Days on Market - 192
King George County Real Estate SOLD prices 2007
The average SOLD price for homes in King George County in March 2007 was $347,389
The average SOLD price for homes in King George County in October 2007 was $308,464
Average Days on Market - 90
Loudoun County Real Estate SOLD prices 2007
The average SOLD price for homes in Loudoun County in March 2007 was $513,066
The average SOLD price for homes in Loudoun County in October 2007 was $536,883
Average Days on Market - 111
Prince William County Real Estate SOLD prices 2007
The average SOLD price for homes in Prince William County in March 2007 was $408,574
The average SOLD price for homes in Prince William County in October 2007 was $370,506
Average Days on Market - 127
Spotsylvania County Real Estate SOLD prices 2007
The average SOLD price for homes in Spotsylvania County in March 2007 was $314,696
The average SOLD price for homes in Spotsylvania County in October 2007 was $318,857
Average Days on Market - 125
Stafford County Real Estate SOLD prices 2007
The average SOLD price for homes in Stafford County in March 2007 was $383,899
The average SOLD price for homes in Stafford County in October 2007 was $397,342
Average Days on Market - 135
SEARCH LISTINGS for homes for sale in Northern Virginia. 
Courtesy: Homefinders.com
Lenn Harley, Broker, Homefinders.com, 800-711-7988
Homes similar to the one pictured are popular in Northern Virginia. The price would vary from $650,000 in Stafford County to $900,000 in Loudoun County and $2,000,000 in Fairfax County.
New Home builders have reduced priced dramatically and compete favorably with resale homes of similar location and size.
HOMES FOR SALE IN RESTON, RESTON - A PLANNED COMMUNITY OF EXCELLENCE
Reston Single Family Homes, Reston Town Houses, Reston Condos, Reston Lake Front Homes
Reston Real Estate offers charm because it offers a small town atmosphere in an area with high tech amenities.
National and international companies locate in Reston because of the dynamic commercial structure of financial, Internet, management, health care management, transportation, aerospace and international development. Yet, residents enjoy the wonderful recreational amenities in the community such as the hiking and jogging trails, wooded paths, the lakes, nature center, preserved wooded acreage, and ample home sites for Reston residents.
Homes with Lake Front Access
Lake Newport and Lake Anna in Reston, Virginia - Water front homes in Reston are popular and priced right. Water front homes in Reston, homes on Lake Anna, Lake Fairfax, Lake Audubon, Lake Thoreau, or South Lake, all have foot access and many have water access, docks, piers and docking facilities.
Reston, a growth community with 3 residential Zip Codes including over 23,300 deeded properties. Reston is more than a community in Northern Virginia. Reston is a town with 3 residential zip codes and offers over 21,600 deeded properties. On any day, there are about 130 single family detached Reston homes for sale. There are also about 175 Reston town homes and about 225 Reston condominium homes for sale in Reston showing in a Reston MLS search. Condos in Reston are very popular with first time home buyers offering a wonderful introduction to home ownership at reasonable prices and a community with fantastic conveniences.
When the developers of Reston real estate were planning this wonderful new town, they wisely decided to set very high goals. Every aspect of the development and planning for the communities in which Reston home owners would buy Reston real estate involved the landscaping, transportation, lot sizes, home sizes, environmental impact, shopping, recreation and entertainment, infrastructure, business offices for employment and more.
RESTON, THE REAL ESTATE. Reston real estate appeals to families of one person, families with children, retirees, folks who work and live in Reston. Homes in Reston range in price from moderate to luxury pricing from $159,900 condos to about $1,800,000 single family detached homes.
The average price in for detached single family homes for sale in Reston is about $760,000 in 2007. The average lot size is about 1/4 to 1/3 acre. Homes range in age from 1 to 40 years old.
Employment in Reston includes Professional, Technical, Food Services, Retail, Health Care, Finance, Insurance for a total job market of about 70,000 employees. Many homes in Reston are owned by folks who also work in Reston.
RESTON Demographics
Average Income - $120,000
High School Graduates - 98%
College Graduates - 75%
Population - 60,000
Land Area - 17.2 square miles
Reston to Dulles Airport - 13 miles
Reston Town Homes
Search MLS Listing in Reston, Virginia GOLF AT RESTON
Courtesy: Homefinders.com
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