Manassas - January 2008 Trend Report

Residential Homes trended DOWN by 26.9% (January Year-to-Year)

Original Price: $287,960
Sales Price: $242,567 (84.2% of Original Price)
Average Days on Market: 129
Number of Homes Sold: 89

Currently Active Listings:
Average List Price: $245,153
Average Days on Market: 129
Total Listed: 1812

It is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

Gainesville - January 2008 Trend Report

Residential Homes trended DOWN by 17.3% (January Year-to-Year)

Original Price: $464,594
Sales Price: $414,708 (89.3% of Original Price)
Average Days on Market: 101
Number of Homes Sold: 31

Currently Active Listings:
Average List Price: $486,568
Average Days on Market: 178
Total Listed: 358

It is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

Haymarket - January 2008 Trend Report

Residential Homes trended DOWN by 18.9% (January Year-to-Year)

Original Price: $511,932
Sales Price: $449,896 (88.0% of Original Price)
Average Days on Market: 168
Number of Homes Sold: 42

Currently Active Listings:
Average List Price: $604,866
Average Days on Market: 261
Total Listed: 302

It is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

Overstating Foreclosure Woes

I wish foreclosure watcher from Irvine, RealtyTrac, stopped publishing its misleading “foreclosure filings” number that’s a mishmash of default notices, auction sale notices and bank repossessions. It already has a better mousetrap, its count of the number of unique homes that were hit with some sort of mortgage delinquency. This multiple-count matter is no minor quibble.

In 2007, RealtyTrac found 2,203,295 “foreclosure filings” but that legal bureaucracy happened on just 1,285,873 residences. That’s a 71% variance!

Look, I’m not saying there’s no foreclosure problem, I’m just saying that a nation with 1.2 million families in financial trouble is ugly enough. That’s 1.03% of all U.S. households. Who cares how many legal pieces of paper they’ve received! For Virginia, the overstatement equals 24,199 foreclosure filings on 16,307 properties — a 48% variance!

To spin the good news, Virginia ranked 24th on the foreclosure rate ranking. However, Virginia foreclosure filings were up 17.3 percent from the third quarter to the fourth quarter with a 53.4 percent spike in December. To read the release, CLICK HERE

Manassas - 2007 Market Trend Analysis

Residential Homes trended DOWN by 4.5% during 2007


Average Original List Price: $347,754
Average Sales Price: $316,726 (91.1% of Original Price)
Average Days on Market: 128
Average Homes Sold per Month: 95
Total Sold in 2007: 1135

Currently Active Listings:
Average List Price: $292,775
Average Days on Market: 132
Total Listed: 1537

As we enter the new year, it is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

Haymarket - 2007 Market Trend Analysis

Residential Homes trended DOWN by 9.1% during 2007



Average Original List Price: $590,499
Average Sales Price: $549,690 (93.1% of Original Price)
Average Days on Market: 133
Average Homes Sold per Month: 27
Total Sold in 2007: 320

Currently Active Listings:
Average List Price: $608,055
Average Days on Market: 254
Total Listed: 290

As we enter the new year, it is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

Gainesville - 2007 Market Trend Analysis

Residential Homes trended DOWN by 10.4% during 2007

Average Original List Price: $483,484
Average Sales Price: $449,521 (93.0% of Original Price)
Average Days on Market: 118
Average Homes Sold per Month: 42
Total Sold in 2007: 502

Currently Active Listings:
Average List Price: $476,627
Average Days on Market: 154
Total Listed: 389

As we enter the new year, it is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.