Northern Virginia MarketWatch - January/February 2010
Average Sales Price
The average sales price levels for 2009 tracked very closely to those of 2004.
As indicated on page 1, there is very low supply, particularly for homes priced less than $500,000, so prices have firmed up at the lower end of the market. We have likely seen the last of any significant downward pressure on prices at that lower end.
However, there is still enough inventory of more expensive homes such that we do not expect any noticeable price appreciation this year.
We're putting the spotlight on first-time home buyers this week. With so many incentives heading their way, from tax credits to interest rates, new home buyers need solid advice. So much has changed in 2009, that even experienced home buyers might need a refresher course -- tune in!
Wondering how you can afford your first home?
There are a couple of options, even if you think home ownership is way out of reach...Shirley Mattam-Male shares her first time home buyer advice with Gil Gros
Shirley has recently been published in the February ERC Mobility Magazine. Her article is titled Gross (Home) Anatomy-Trends Beneficial to Buyers and Sellers Alike. Here is a brief introduction:
While homeowners looking to sell lament over the current buyer's market, many do not realize the opportunities that lie in wait for attractive houses in tip-top condition that are correctly priced. Like a doctor dispensing advice, Mattam-Male shares tips for boosting the health of a marketed home.
Born and raised in Bahrain, Shirley Mattam-Male has lived and worked in the US for the past 19 years. She first became interested in real estate after the purchase of her second home several years ago, and now she is a rising star at McEnearney Associates Inc., one of the pre-eminent D.C.-area real estate firms. Her professional background stems from the days in Bahrain, where she was a sales executive in the hotel industry.
She brings her keen eye for the importance of style-and staging-to the sale of homes in Washington and now to the Designed to Sell team. "Every home has its own best face. My job is to help the owners display the true nature of each house," she says, adding that the key to success is to "never lose focus of the needs of your clients."
Shirley has been a licensed Realtor specializing in residential sales in Northern Virginia since 2002. She is a member of the National Association of Realtors and the Northern Virginia Association of Realtors. A Virginian since 1988, her knowledge of the area translates to the ability to provide you the best advice possible - from where to work or play, shop or dine, and the true nature of each neighborhood in Northern Virginia.
She approaches her profession with passion and sense of pride - that is one of her core values. Whether you are buying or selling a home, she will strive to aggressively and proactively attain the best deal possible.
Purchasing and or selling your home are very critical and important events. Each of Shirley's clients is treated with the full respect and attention to detail that they deserve. Her proven track record will help assure that you get the best value out of each transaction. She looks forward to working with you to enable your housing goal!
Brad Burns owns a basement condo in a charming brownstone building that is located in DuPont Circle, one of Washington, D.C.'s most desirable neighborhoods. He just finished grad school and is ready to sell his 700-square-foot home and move on to something bigger and better. The two-bedroom, one-bath condo is perfect for someone who wants to live in a classy neighborhood, but can't afford top dollar for a home.
Nautical homeowners Nan and Julie want to jump ship and upgrade from their 52-foot houseboat to a sea vessel that is more yacht-like and less house-like. But before they can hit the high seas in a speedy new craft, they need to sell their old houseboat. Docked in the Potomac River, in the heart of Washington, D.C., the 1988 model offers a spacious main cabin, ample galley kitchen and a stateroom that has a view of the Washington Monument.
Brazilian bound Homeowner Greg Meeropol has been bitten by the Brazilian bug, so he's moving to South America. But, before he can say goodbye to Washington D.C., he needs to sell his house. Greg has lived in the unique, corner-lot house for over eight years. Located in a city neighborhood with a rich past, the historic 2,000-square-foot home use to be retail store.
Homeowners Jack Vice and Amy Bolten are about to be married. They live in an authentic Craftsman bungalow in suburban Maryland. After the wedding the couple wants to leave the suburbs for the city life of Washington, D.C. The historic 2,500-square-foot home was originally purchased from a Sears catalog in 1929. It sits on a large piece of property and offers a lot of countryside for the short commute to the city.