Anyone with a listed property in NOVA go under contract lately?

[Anonymous]

Things seem slow in our particular market and I am starting to get worried....

[Anonymous]

Where are you located, OP - and in what price range?

[Anonymous]

S. Arlington under 500k.

[Anonymous]

It is a very split market. Some areas are hot and enjoying appreciation. Other areas are slow.

There are those who say that if it does not sell, it is because the property is over-priced and in a sense that is true. But the real problem is that there are very few buyers at certain price points in some parts of Northern Virginia so unless one is going to give the house away, it will not sell.

[Anonymous]

Oakton, contract in two days!

[Anonymous]

I live in West Springfield and a townhome a few houses down went from For Sale to Under Contract in under a week, and it closed two weeks later. Super fast.

[Anonymous]

yes

[VArealtor]

Don't worry, OP. This is the slowest point of the summer. The market kicks back up in mid August when parents panic about school registrations and when everyone else returns from vacation. The market won't be as strong as in the Spring & early summer but there will be more interest than now.

Good luck on your sale!

[Anonymous]

Anonymous wrote:S. Arlington under 500k.

S.Atlington? Ew.

[Anonymous]

Anonymous wrote:S. Arlington under 500k.

my next door neighbor's house went under contract the other day - roughly two weeks on the market. it's listed ~ $630K i believe.

good luck!

[Anonymous]

Anonymous wrote:Oakton, contract in two days!

Can I ask, what price range?

[Anonymous]

The problem is that in 22207 folks think they should have enjoyed a certain percentage of appreciation, but in some cases that translates to trying to list a mediocre house with deferred maintenance for almost a million dollars. The limited buyers in this range expect better quality for that price point . The schools are excellent, so if you bring it down by the right amount the house will sell so there's nothing to panic about. I doubt August is going to change the fact that overpriced property tends to sit until it's priced appropriately, but I guess you can never guess exactly what's going to happen in real estate.

[Anonymous]

VArealtor wrote:Don't worry, OP. This is the slowest point of the summer. The market kicks back up in mid August when parents panic about school registrations and when everyone else returns from vacation. The market won't be as strong as in the Spring & early summer but there will be more interest than now.

Good luck on your sale!

If the goal is to close on a house before the new school year, it would be too late to wait until mid-August. Really, unless one contracts by the end of July, it seems unlikely that it would be possible to close by the end of August.

[Anonymous]

Anonymous wrote:

VArealtor wrote:Don't worry, OP. This is the slowest point of the summer. The market kicks back up in mid August when parents panic about school registrations and when everyone else returns from vacation. The market won't be as strong as in the Spring & early summer but there will be more interest than now.

Good luck on your sale!

If the goal is to close on a house before the new school year, it would be too late to wait until mid-August. Really, unless one contracts by the end of July, it seems unlikely that it would be possible to close by the end of August.

Really- thanks super agent!

(we bought without agents - had many agents before - I hope redfin and zillow help put this "career" away)

[Anonymous]

Arlington agent here

Last week i had contracts on one townhouse in S Arlington, one condo in N Arlington and one house in N Arlington.
However I agree that market is slower than earlier this year

And for that persistent poster who belittles South Arlington, get in touch with reality. With 60 percent of houses throughout Arlington priced above $1 million, South Arlington offers housing for those who value the good offered by Arlington