miércoles, 2 de diciembre de 2015










Thanksgiving 2015                                   

If you are a Buyer in Great Falls, Virginia, it might be the time to start looking.
In October, we had a total of 18 closed sales, 2 of the sales were Bank Mediated (11 percent).
According to Trulia (see below) As of November 15 there were 248 resale listings as well as 21 homes in the foreclosure or auction process.
In the last five years the Great Falls area has had a depreciation value of 22.1 % so, if our property was worth one dollar on November of 2010, it is worth 78 cents today.  Of course, the County kept on increasing the values instead of adjusting them to reality. That is why sales are below assessment value, not consistent with the rest of the market.




The Chart above depicts sales by month, IE in October there were 16 regular transactions (Yellow) plus 2 Bank owned (Magenta). Total 18 closings

Let us now look at a 5-year trend that shows us the average sold and the average list price, this is viewed in quarters in order to show long term movements.



My interpretation of the chart tells me that the gap is closing and therefore, asking or listing prices are getting closer to the actual sales prices. This could be an opportunity for anybody looking to buy now although, we don’t know what the future will bring.
A large percentage of economists expect an interest rate increase soon, mortgage rates will follow and the affordability factor might price some buyers out of the market.
There are many other factors that influence the Market for example; amount of listings (22066 is at 216), local economy (we are still extremely dependent on USG spending) and the probability of another recession (we might be due for one).
Again, if you are a buyer, keep your eyes open and don’t wait too long the average sales to original list price in October was 91 % the lowest was 88.2 % in February.

If you are a seller, please price according to the Market and be patient. At the rate of sales, we are experiencing, we have almost a year of inventory.


Just my opinion, hope it helps and call or email me if you have any questions.
Charles


Charts from Smart Charts, some quotes from Trulia.


Summary for Great Falls, 22066              According to Trulia

The median sales price for homes in ZIP code 22066 for Aug 15 to Nov 15 was $915,000. This represents a decline of 16.8%, or $185,000, compared to the prior quarter and a decrease of 24.8% compared to the prior year. Sales prices have depreciated 22.1% over the last 5 years in 22066, Great Falls. Average listing price for homes on Trulia in ZIP code 22066 was $1,570,195 for the week ending Nov 18, which represents an increase of 1.4%, or $21,532 compared to the prior week and an increase of 0.6%, or $8,899, compared to the week ending Oct 28. Average price per square foot for homes in 22066 was $306 in the most recent quarter.

Average price per square foot for Great Falls VA was $306, a decrease of 0.3% compared to the same period last year. The median sales price for homes in Great Falls VA for Aug 15 to Nov 15 was $915,000 based on 29 home sales. Compared to the same period one year ago, the median home sales price decreased 24.8%, or $302,500, and the number of home sales decreased 27.5%. There are currently 248 resale and new homes in Great Falls on Trulia, including 4 open houses, as well as 21 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Great Falls VA was $1,570,195 for the week ending Nov 18, which represents an increase of 1.4%, or $21,532, compared to the prior week.

And finally, rates
Rates on home loans were down slightly in the past week. Freddie Mac announced that for the week ending November 25, 30-year fixed rates eased to 3.95% from 3.97% the week before. The average for 15-year loans was unchanged at 3.18%. Adjustables were mixed, with the average for one-year adjustables decreasing to 2.59% and five-year adjustables rising to 3.01%.
A year ago, 30-year fixed rates were at 3.97%, virtually the same as today's levels. Attributed to Sean Becketti, chief economist, Freddie Mac --"In a quiet week leading up to the Thanksgiving holiday, the 30-year fixed rates dipped 2 basis points to 3.95 percent. Economic releases over the last week contained no major surprises, and none are expected in the next few days. The year is winding down, and the only remaining market dates of note are December 4 -- the last employment report of the year -- and December 15-16, the long-awaited FOMC meeting.


Copyright 2015 Craswford & Quinlan LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. http://images.marketleader.com/assets/system/21_m.jpghttp://images.marketleader.com/assets/system/20_m.jpg

lunes, 30 de noviembre de 2015

Real Estate market outlook for Great Falls , Virginia 22066










Thanksgiving 2015                                   

If you are a Buyer in Great Falls, Virginia, it might be the time to start looking.
In October, we had a total of 18 closed sales, 2 of the sales were Bank Mediated (11 percent).
According to Trulia (see below) As of November 15 there were 248 resale listings as well as 21 homes in the foreclosure or auction process.
In the last five years the Great Falls area has had a depreciation value of 22.1 % so, if our property was worth one dollar on November of 2010, it is worth 78 cents today.  Of course, the County kept on increasing the values instead of adjusting them to reality. That is why sales are below assessment value, not consistent with the rest of the market.




The Chart above depicts sales by month, IE in October there were 16 regular transactions (Yellow) plus 2 Bank owned (Magenta). Total 18 closings

Let us now look at a 5-year trend that shows us the average sold and the average list price, this is viewed in quarters in order to show long term movements.



My interpretation of the chart tells me that the gap is closing and therefore, asking or listing prices are getting closer to the actual sales prices. This could be an opportunity for anybody looking to buy now although, we don’t know what the future will bring.
A large percentage of economists expect an interest rate increase soon, mortgage rates will follow and the affordability factor might price some buyers out of the market.
There are many other factors that influence the Market for example; amount of listings (22066 is at 216), local economy (we are still extremely dependent on USG spending) and the probability of another recession (we might be due for one).
Again, if you are a buyer, keep your eyes open and don’t wait too long the average sales to original list price in October was 91 % the lowest was 88.2 % in February.

If you are a seller, please price according to the Market and be patient. At the rate of sales, we are experiencing, we have almost a year of inventory.


Just my opinion, hope it helps and call or email me if you have any questions.
Charles


Charts from Smart Charts, some quotes from Trulia.


Summary for Great Falls, 22066              According to Trulia

The median sales price for homes in ZIP code 22066 for Aug 15 to Nov 15 was $915,000. This represents a decline of 16.8%, or $185,000, compared to the prior quarter and a decrease of 24.8% compared to the prior year. Sales prices have depreciated 22.1% over the last 5 years in 22066, Great Falls. Average listing price for homes on Trulia in ZIP code 22066 was $1,570,195 for the week ending Nov 18, which represents an increase of 1.4%, or $21,532 compared to the prior week and an increase of 0.6%, or $8,899, compared to the week ending Oct 28. Average price per square foot for homes in 22066 was $306 in the most recent quarter.

Average price per square foot for Great Falls VA was $306, a decrease of 0.3% compared to the same period last year. The median sales price for homes in Great Falls VA for Aug 15 to Nov 15 was $915,000 based on 29 home sales. Compared to the same period one year ago, the median home sales price decreased 24.8%, or $302,500, and the number of home sales decreased 27.5%. There are currently 248 resale and new homes in Great Falls on Trulia, including 4 open houses, as well as 21 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Great Falls VA was $1,570,195 for the week ending Nov 18, which represents an increase of 1.4%, or $21,532, compared to the prior week.

And finally, rates
Rates on home loans were down slightly in the past week. Freddie Mac announced that for the week ending November 25, 30-year fixed rates eased to 3.95% from 3.97% the week before. The average for 15-year loans was unchanged at 3.18%. Adjustables were mixed, with the average for one-year adjustables decreasing to 2.59% and five-year adjustables rising to 3.01%.
A year ago, 30-year fixed rates were at 3.97%, virtually the same as today's levels. Attributed to Sean Becketti, chief economist, Freddie Mac --"In a quiet week leading up to the Thanksgiving holiday, the 30-year fixed rates dipped 2 basis points to 3.95 percent. Economic releases over the last week contained no major surprises, and none are expected in the next few days. The year is winding down, and the only remaining market dates of note are December 4 -- the last employment report of the year -- and December 15-16, the long-awaited FOMC meeting.


Copyright 2015 Craswford & Quinlan LLC. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated. http://images.marketleader.com/assets/system/21_m.jpghttp://images.marketleader.com/assets/system/20_m.jpg

lunes, 2 de noviembre de 2015

Property Details

Property Details


Search our sites for the open house schedule Call 202.255.0333 or your agent if you would like to preview outside of Open House Hours .
$ 374,900.00  Price Adjustment !!! Ready to move in!!!!
- 4 Bedrooms
- 2 Full Bathrooms
- Living Room- Dining Room
- Family Room with fireplace
- 1850 Sq Feet
- Deck, Fenced Yard, Outside storage shed.
- W & O D trail access thru the backyard
- Roof and windows replaced in 2011

Bring your clients. 4 year old roof and vinyl windows. Stainless steel kitchen appliances. Very clean new carpet throughout, granite counter tops and freshly painted. Located in Foxlee, great and very established community. Lister favors Champion Title. set an appointment thru Showing Time.  
                                         Copyright 2015 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.  

lunes, 10 de agosto de 2015

Papadopoulos & Sons trailer

Another movie - Papadopoulos & Sons

I found a very uplifting movie that made me think about real values. It is British but all about a Greek family. See it if you can, it is on Netflix and Amazon

Playwright-turned-director Marcus Markou's debut is a cheerful, foursquare comedy-drama along East is East lines. Stephen Dillane – an actor whose droll choices are always a pleasure to watch – gives it some class as Harry Papadopoulos, the north London comestibles magnate obliged to downsize when he finds that even an empire founded on taramasalata cannot survive a double-dip recession; Georges Corraface brings the energy as Harry's estranged brother, who sees reopening a chippy as a way of securing the clan's future. Rivalry with a Turkish kebab shop follows – Markou isn't beyond broad, crowdpleasing tactics – but it's set against a sincere exploration of the brothers' differences, and an ambitious attempt to rewrite Lear for laughter rather than tears. It's a throwback, but relaxed, sweet and funny with it: a first feature that makes an impression by not pushing too hard to make an impression.

Image result for papadopulos and sons

lunes, 27 de julio de 2015

Over the weekend I decided to "chill" for a while, I listened to music and searched for a movie. I like Tribeca Film Productions because they do a great job, find partners to fund them and, are not in the mainstream.

So, I found a Canadian production released in 2012 that combines comedy, romance and of course ; sex.
The script is fantastic, the actors incredible. This movie will make you feel good, happy and hopeful.

Please, although not "porn", the language and some scenes are very explicit. Not for children.

I am giving this a 4.5 star rating.


lunes, 22 de junio de 2015

iWorld: Good or Bad?

Many people have succumbed to the power of technology. Today, you couldn’t find a single person doing his every day activities without using a gadget or any tool that has been produced by the modern techs. Technology has ruled our planet, and has somehow made our lives more convenient and our tasks easier. This is in contrary to the beliefs of naysayers that someday robots will destroy the world.
Yes, these gadgets may have their downside -  teenagers spending more time on their phones rather than hanging out with friends, wooing done through social media and not face to face, and outdoor activities make no sense now-  but they also have a lot of advantages that can make the laziest person the best homemaker of all time.

Updated phones with so many functions, game consoles that simulates real life, cars that are voice activated, and many more. These inventions and their innovations may seem harmful to some people, but admit it, you don’t think you can survive this ever-changing world without the aid of technology, right? You might even be reading this article using one of those recently released smartphones. So, having an iWorld, is it good or bad?