My analysis of the market will mainly focus on Northern Virginia and in particular Prince William County/Manassas City/Manassas Park. The area is a bedroom community about 25-40 moiiles south and southwest of Washington DC. Commuter optins including interstate highways, commuter rail, and commuter bus routes.
Housing options are varied from condos to expansive mansions on large wooded or equstrian lots. Price ranges also vary based on the specific subdivison and the home's features. One thing unique to the area compared to other Northern Virginia Jurisdictions is the rate of decline in home values. Over the past 12 months, homes values in other area counties dropped about 10% overall. However, home values in Prince Williams County dropped a whopping 25%. While this is not a god hting for potential sellers, it allows buyers to lock in a good price for a home relatively close in to the city without having to look further out just to find an affordable home. I can give countless examples of homes that are on the market for a fraction of what they sold for several years ago. In extreme cases, I am seeing homes listing for 40-50% of what they were worth at the top of the market in 2005 and 2006. I am a lifelong residenti of the area and would more than happy to help you navigate the market whetehr it be buying, selling, renting, or investing. Feel free to contact me and let's see how we can work together to accomplish you real estate goals.
Matt, welcome to activerain and congratulations on your first post.
Welcome to Active Rain and congrats on your first posts. Be sure to spend some time looking around at what and how others are blogging here. It is a great education and lots of fun. Looks like you're off to a great start...keep it up!
Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer. The more you browse the more you will learn. I have found this site to be really helpful to me. If you have any questions, please don't hesitate to email me, I will do whatever I can to help.
http://www.Doreneshirley.com
I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!
My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.
I hope you will look into the many groups as there are some great group both local and broad based,....
enjoy!