News & Updates
Hampton Forest of Fairfax, VA now has its own page here on 3GenerationTeam.com. Feel free to browse for school information and current market activity in the neighborhood. An excellent opportunity to keep informed on the real estate happenings of Hampton Forest.
The year 2012 has brought with it a variety of ups and downs to the Real Estate Market. After several years of downward pressure due to a surplus of foreclosures and short sales, sellers are finally experiencing less competition from lower valued distressed properties. Coupled with all time low interest rates, sellers are finding this to be a good time to sell. In Fairfax County alone, we saw 852 single family homes go under contract in the month of March, 864 in April, 844 in May, 749 in June, and 436 so far this month. Inventory is not very high with just over 2200 single family homes on the market in Fairfax County. We’ve also seen property values go up a little compared to last year. 1/3 of the properties listed in the 1st quarter of last year were priced under $350K. This year, only 29% were listed under $350K in the 1st quarter. One reason for this is the reduction in the foreclosure and short sale inventory. If you have been considering the option of selling your home, your timing is ideal.
After much work on the design, we are pleased to unveil the brand new 3GenerationTeam.com Real Estate Resource Center. More updates and info will be on the way over the next several weeks as Don, Mark, and Josh work to make this a place where both buyers and sellers obtain the info they need. We look forward to serving you and to being “Your Realtors for Life.”