The real estate market in Northern Virginia has been doing very well the first three months of this year. In particular areas like Arlington, Alexandria, Falls Church, Vienna and McLean have seen lots of purchasers and a limited inventory resulting in multiple offers and properties flying off the market.
Washington Post did an article earlier this week that talks about the great market. They cite the great weather, positive signs for the economy and an increase in consumer confidence as reasons for things picking up. I agree with all of those reasons and have noted an incrase in consumer confidence. People have started to move away from the “sky if falling” mentality and have started to realize that this is just another recession that will be followed by better economic times.
We spoke about the specific market in Tysons Corner a couple of weeks ago and the market in 2012 seems to be doing about the same as in 2011 (2011 did great.)
With prices rising it is likely more people will consider selling their home. If you are thinking of selling your home, please check out what we have to offer and contact us for a no obligation assessment of the value of your home. Your home may be worth more than you think!