UPSCALE LIVING IN HAYMARKET & GAINESVILLE
Haymarket Homeowner HaymarketHomeowner.com
INSIDE THIS ISSUE
g Market Watch: A Great Start to the New Year! Neighborhood Market Watch: Piedmont Farm to Table: Haymarket Area Farmers Markets Community Spotlight: The British are Here! Capital Triumph Register Tips & Advice: Does a Pool Add Value to Your Home? March 2015 Real Estate Summary Published by
"Haymarket Real Estate Guy" Associate Broker
EXIT Heritage Realty Haymarket, VA www.EXITgarcia.com 703-517-2574
Real Estate & Community News from Bryan Garcia, "Haymarket Real Estate Guy" 703-517-2574 March | April 2015
Spring Market: Advice to Sellers & Buyers
he Spring real estate market is in full swing! If you’re getting ready to sell your home, or are in the market to buy a new home, here is some advice and recent market trends that you may find insightful. We are seeing patterns that are typical of a healthy Spring market, although the average days on the market is up, so homes are taking longer to sell. Inventory in Haymarket and Gainesville is also up, substantially higher than it was at this time last year. This means there is more competition. The number of home sales has been down, however closed sales are really starting to pick up (see chart). With all this, the median sold price is still on the rise. See page 2 for specific details. Advice to sellers: There is good competition out there so make sure you have the leading edge by preparing your home in advance and pricing it right. Home sales have picked up and the ones that are well-maintained, move-in ready and presented nicely are selling faster. For tips on getting your house ready to sell, see haymarkethomeowner.com/ tips-to-sell. For pricing, it’s better to price it right and entertain multiple bids rather than price it too high to see what
happens. With the competition and average days on the market, your house will probably sit longer, eventually forcing you to drop the price anyway. Advice to buyers: Because there is increased inventory and the climate is healthy, we aren’t looking at a crazed real estate market with bidding wars. However, if something really nice is new to the market and priced well, it will sell fast. It may even go over asking price and there may be other bidders. This means you need to have your lender lined up, your documents ready to go, and your checkbook in hand. If you really like a property, be prepared to move fast or someone else might. Buyers, if you want to watch the market closely but don’t have time to check MLS listings daily, sign up for a free Market Snapshot. Set it up with your criteria and THE DAY a new house comes on the market, you’ll receive an email. Email bryangarcia@ exitheritage.com and he’ll get you started.
TIPS & ADVICE
Published on Apr 17, 2015
Published on Apr 17, 2015
Upscale and luxury living in the Haymarket and Gainesville, VA area of Prince William County and Northern Virginia. Real estate market trend...