Reply to SPRING MARKET!! What's the vibe?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Realtor here. Buyer activity is very high in Alexandria, Arlington, Falls Church, Springfield and Vienna. My last listing in Alexandria (FFX County) had 10 offers and went almost $100K over list, no contingencies and my clients got a free 2-month rent back. I wrote an offer for buyers for a home in Springfield last weekend and was beat out by another offer. There were 9 in total. My clients went $125K over list, waived all contingencies and offered a free rent-back. Both homes were in the $800K-1 million price point. I would also add that 30 percent of pending listings currently in my office were exclusive listings so they never even hit the mls. I have 2 buyers under contract in the $1.3m range and both those listings were private exclusive listings with Compass.[/quote]

What’s your read on the Alexandria City market right now?[/quote]

Very competitive for homes that are priced well and in great condition or anything that is super charming, nicely renovated or very walkable (Del Ray, Rosemont, Old Town, etc.). SF Homes in Del Ray, Beverly Hills and Rosemont have been selling with multiple offers, $25-75K escalations and waived contingencies in the last few weeks. Interest rates just went up again so it will be interesting to see what will happen this weekend and next though at certain price points and locations in Alexandria City, financing is less of an issue. [/quote]

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