Herndon, VA Real Estate News

By Angela Mitchell
(Long and Foster)
We are approaching the holidays - my favorite time of the year - which is a natural slow down period. In 20171, we had 98 active single family listings - down from last week. I believe last year we got to around 85 active listings before the end of the year. Almost all of the reduction is due to sellers taking their homes off the market and renting them or deciding to try at another time. It is a tough time right now. Only one home sold in the last 7 days. There are still 5 foreclosures on the market -so that number is not increasing - which is a healthy sign. Only 2 new homes came on the market. The good news for the sellers is that as the inventory dries up - those sellers with good pricing and show above average will sell. Buyers will find their choices limited. I would think that we...
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By Nancy Pav, Nancy Pav, Your "GottaHave" Realtor
(Century 21 Redwood Realty)
The Worldgate Condo Complex is located in Herndon, Virginia.  It's an easy drive to the Reston Town Center as well as the Toll Road.  You'll also find it's close to the Worldgate Shopping Center.            Here is one of the buildings that is part of the Crescent.  The Crescent is a secured entry building with elevators and underground parking.The buildings in the Brighton consist of garden style condos with open air stairwells and assigned parking.Located in the complex you'll find two pools.  And there is on-site management located at 12917 Alton Square.I have helped people buy, sell and rent properties at Worldgate since 2001.  Listings:  12919 Alton Square  #318                           Sales:  12919 Alton Square #410             12919 Alton Square #410                            ...
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By Angela Mitchell
(Long and Foster)
The market in Oak Hill/Herndon worsened a little this week. We have a total of 107 listings going into the weekend of the 19th - which is an increase from last week. 3 homes sold last week out of the 107 listings. 12 new listings came on the market - 6 of which were reissued listings. There are total of 6 single family homes in foreclosure that are currently on the market. There still seems to be more buyers out there than we have had in the past 60 days - but still not a lot of sales. We overall are doing much better than Loudoun - so being closer in is a better investment. A home that I sold in 2005 for $539,000 just came on the market as a foreclosure for $389,000. Amazing prices. I think and see the investors are starting to come in and buy the distressed homes. Do you think the mar...
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By Angela Mitchell
(Long and Foster)
The market is looking a little better this last week.  We have a total of 103 detached homes in Oak Hill/Herndon for sale - down a little from last week. We had 8 new listings - 2 of which were relisted at different prices.  The good news is that 5 homes sold - up from last week. They were on the market from 6 days to 313 days. What it looks like to me is that the market is trying to hold its own. It seems the traffic thru the houses on Opens and regular real estate traffic is down to 1 or 2 per week. I also think the investors are buying up the foreclosures - which is helping stabilize the market by getting those houses off the market. I think this is true of this area of Fairfax County. I think Loudoun is facing more difficult problems. I showed approximately 75 townhomes in the last ...
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By Angela Mitchell
(Long and Foster)
Yesterday, I read an article in one of the newspapers that they throw in your driveway. The article stated that the real estate market in Northern Virginia currently was doing well and that prices had risen slightly. I think they need to ask a seller who is currently on the market what they think before they print their articles. You wonder how much other information in the paper is erroneus or significantly after the fact.  This article was relevant 60 to 90 days ago. We are definitely feeling the affects of the mortgage business today. This time of the year is usually a good time to sell your home but the market has slowed.  In Herndon/Oak Hill, the net inventory of single family dwellings is at 109 homes - up 7 from last week. There were 8 new listings - 5 of which were homes that we...
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By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
ABOUT 27 DETACHED SINGLE FAMILY HOMES in HERNDON 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.  The report below reflects existing detached single family homes in Herndon Virginia in Fairfax County available for sale.  Non-contingent sales are the only offers accepted and all homes are sold "as is".  Buyers may have a home inspection for their own information and banks may negotiate the price based on condition.  There are about 300 detached single family homes listed for sale in Herndon, Virginia.  Of this number, about 33 are bank owned properties that have been foreclosed and now offered for sale.  They are listed for sale in the MLS along with all other resale properti...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Franklin Farms in Herndon Virginia's best kept secrets!  Franklin Farm is located in Herndon VA on approximately 850 acreas, and has about 1770  homes.  Franklin Farm is ideally located Close to Dulles Airport, Route 50, West Ox Road, and is about 20 miles from Washington DC. Franklin Farm remains a sought after neighborhood in Fairfax Virginia.  Franklin Farm Home Owners Association is also a very active and involved in the community.  Herndon Virginia is also the new home of Volkswagen of America! Find Franklin Farm Homes for sale here
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Herndon VA 7/01//2007 - 7/31/200768 Sold homes in Herndon Virginia in the July 2007 timeframe.  These are single family residences, condos, coops, town homes, detatched and attached homes.  The high price of Herndon homes sold was and estate home not in a subdivision in Herndon Virginia for $1,295,000, and the low price for sale in Loudoun was a condo in Jefferson Mews which sold for $200,000.  For the same time period in 2004, there were 183 sales then. That is twice the amount of sales in 2007. The high price sale in Herndon was $985,000 in Shaker Woods, and the low was $145000 at Jefferson Mews.  In 2005 there were 167 sales in the same timeframe.  The high price sale was $1,379,000 in West Oaks Estates, and the low sale was a condo at Lifestyle  at $214,900.  In July of 2006 there w...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Yesterdays announcement that Volkswagen of America chose Herndon Virginia as it's new headquarters is a great feather in the cap for Fairfax County and the state of Virginia.  Though Volkswagen will only bring about 400 jobs to Herndon it is still impressive in these slower times for Herndon real estate and home sales in Herndon.  Check out homes for sale in Hendon Virginia.  Herndon Virginia is a great place to live.  It is close to Dulles International Airport, a short ride to our nation's capitol in Washington DC!  Welcome VW to Herndon Virginia!  
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By Angela Mitchell
(Long and Foster)
A very quiet week going into Labor Day Weekend. The total net single family homes on the market in Oak Hill/Herndon is 93 - about the same as last week - good news with the foreclosures coming on. A total of 2 homes sold this week - which is the lowest that it has been all summer. 8 new listings came on - about the same. Usually this time of the year is our slowest real estate market - due to the summer hot days and vacations. September picks up as we go into Fall - so I will keep you posted. Any comments, please let me know. Since I am posting this a little late, I hope you all had a wonderful and safe Labor Day!
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By Angela Mitchell
(Long and Foster)
We are either experiencing the end of summer real estate blues or the finaning issues. The last weeks of August are the biggest beach vacation weeks. This week, we had a slight increase in net listings in Herndon/Oak Hill to 96 single family homes. There were 7 new listings that came to the market but only 2 homes sold for the week. Obviously if only 2 homes sold and we have 96 homes on the market - the months on market for the average home will be 12 months - with 8 homes selling per month.  Only time and hindsight will tell us. The market picks up in Fall - usually mid September.  Enjoy your Labor Day weekend!
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By Angela Mitchell
(Long and Foster)
We have had another interesting week in real estate. It sure would be nice to predict what the real estate market will do from month to month. So far, there have been incidences of contracts falling apart because the buyer can no longer get the financing that they had been promised. Eventhough this has affected individual sellers and buyers, it has not flooded the market with additional listings. The local market in Herndon/Oak Hill seems to be doing well. Prices still seem to be stable. There are a total of 93 active single family homes on the market - the same as last week. This shows that the foreclosure market is not affecting the number of new listings coming on the market. There were 7 new listings this week and 8 homes received contracts. All about the same as last week and now a...
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By Angela Mitchell
(Long and Foster)
The market was pretty much the same a s last week in Herndon/Oak Hill. We had a total of 92 net single family homes on the market going into this weekend. There were 7 new listings with 7 listings getting contracts - another great week. I have noticed one trend in the last 60 to 90 days and now we have another issue this past week that will, to some degree, affect our real estate market. A pricing disparity has appeared between the over $500,000 market and the under $500,000. I know that this is a result of the sub-prime market imploding. Most of the homes under $500,000 are foreclosures or are pre-foreclosures. They have been dropping in price over the last several months but the non-foreclosure homes are not and they are getting fairly stable prices for their homes.  There are some fo...
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By Angela Mitchell
(Long and Foster)
We had a significant drop in inventory going into this weekend in Oak Hill/Herndon. The total number of single family active listings for this weekend is 93. If the inventory continues to drop, buyers will have a harder time finding great homes. Prices on homes in great condition will be stronger. The inventory is now sitting at December 06/early Spring numbers. 9 new homes came on the market this weekend and 4 homes got contracts. This was also lower this week. The four homes were on the market  19 to 175 days - majority selling under 60 days.  Welcome to August. 30 more days and the kids will be back in school. This is the big beach month.
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By Angela Mitchell
(Long and Foster)
WIth the fourth of July behind us, the market continues to hold its own. As of Friday, there were 110 net listings on the market in 20171 - up a few from last week. 10 new listings came on the market this week with 6 homes receiving contracts. We continue to maintain the momentum that we have had all year. Prices are keeping firm. August is coming and usually a month that we think of the beach and peole start thinking of getting their children ready for school. September usually picks up for sales. It is a little cooler getting in and out of the car and the children are back in school. A tip for this week - remember to look at the front of your house from a buyer's eyes not yours - you will be amazed at what needs to be done. Most buyers and real estate agents determine how well you tak...
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By Angela Mitchell
(Long and Foster)
First, I want to say that I am sorry I am a little late posting this information on the current market. I was not aware that anybody really paid much attention to this blog. Only joking - but I was at a settlement today and Roger and Jill (you know who you are and congrats on your new home) were worried the market might have fallen apart because I had not blogged in 2 weeks. The truth is, I went on vacation and was not aware that people were really interested on what the market was doing and how I interpreted it - especially in the 20171 zip code. Obviously, at least 2 people read this weekly - so now I am back. So much for the naysayers and the Washington Post. The market continues to show strength. For this week, there were 107 total listings, 7 new listings and 7 houses received cont...
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By Angela Mitchell
(Long and Foster)
The summer market is here. There were 6 new listings this week in Oak Hill/ Herndon. A total of 3 homes sold this week with a net of 109 single family houses on the market. The number of homes sold for the week is lower than last week and the net is about the same. This happens every year as we approach the end of the school year and the pools are open. You will need an experienced agent to guide you thru this market - if you want to sell - experiance will matter. Sellers will need to home stage their house to get buyers attracted. Those sellers who price their home correctly and look at their home from a buyer's prospective will sell. Summer is here and we will probably just humm along until September. For all those fathers out there, Happy Father's Day and may you get a day of rest!
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By Angela Mitchell
(Long and Foster)
The summer market is but a few short weekends away. Time for vacations, schools are out and summer camps are in. The market normally slows thru June, July and August - but we will see. So far so good. There were 111 total listings in 20171 - down 1 from last week - so the inventory had definitely stabilized. There were 7 new listings that came on this week - less than last week and 8 homes received contracts - also, more than last week. Overall, a great first week of June. The market under $500,000 seems to be a bit slow - probably due to the sub-prime loan issues. Today interest rates went up - so we will see what affect that has on our market. Have a great weekend - stay in the shade.
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By Angela Mitchell
(Long and Foster)
Another good week in real estate for both the sellers and the buyers. The market has stabilized. This stabilization has been evident since December and has continued through the Spring Market. The Spring Market resembled the markets of 1992 thru 1999 - where we had a pretty fair suppply of buyers and sellers. For the past week, we have a net of 112 single family detached listings in Oak Hill/ Herndon. Of these, 15 were new listings with a total of 7 homes receiving contracts. Not bad for a holiday weekend. We should see a slowing of both new houses coming on the market and houses receiving contracts as the schools let out and pools open. Summer is almost here.
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A good week for sellers! There are a net of 115 single family homes in Herndon/ Oak Hill. A total of 8 new homes came on the market - which is lower than last week. Total homes that received contracts were 12 - a great week. The market is holding its own as we finish the Spring market by the end of June. Prices are relatively stable and look to remain that way - so a great time for buyers to be in the market. If you have any specific questions, just post a comment. Have a great NOVA weekend.
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