I'm not sure how much all of this will cost you. You will want to make sure you consider all of the supplies you will need and don't end up finding hidden costs that you didn't consider beforehand. It's a good idea to carefully plan out everything. http://www.labouroptions.com.au... more
I would like to discuss your options by phone if you have the time. The market conditions are perfect for a purchase now for a variety of reasons. I have sold many homes in the area your interested in.
In my opinion it is a buyers market currently, but will change come Spring time. Let me talk to you about an option that is 100% financing and no money down as well. I have helped many first time home buyers with this program, as well as others.
It will depend on if you need closing costs, or don't need them about how we approach an offer, and many other scenarios I would like to discuss with you. I know of many better properties for you that are much larger than the listing your looking at. In other words; I would like to assist you with a purchase where you get more for your dollar spent.
Keller Williams Realty
As realtors we can not legally comment on schools, but I do recommend you going to http://www.eschoolprofile.com or http://www.greatschools.org. They are a wealth of information. Let me know if I can be of further assistance. I can be reached at 703-623-8050 or firstname.lastname@example.org.... more
There are shopping centers very close by (within 1 mile or so) of this new development. One of them going East on Lee Highway (Rt. 29) has a Safeway grocery store, CVS pharmacy, Starbucks, a craft store, a computer store and various restaurants. It's the Pan Am shopping center. The other shopping center heading west is Fairfax Circle Plaza. That shopping center has a Staples, Hudson Trail Outfitters, Payless shoe store (I think) and a cleaners, from what I recall.
If one were to walk from MetroWest (this listing) to the either of these shopping centers, they'd have to go up quite a hill to get there, but I've seen many folks walk it.
I hope this information helps. If you need any other information, please let me know.
As some of the others noted, without knowing the source of the data--without seeing what you're looking at--it's impossible to say.
A few quick thoughts, though:
Economics 101: If inventory is declining, then there are fewer homes available. Thus, if sales remain relatively in sync with inventory, the number of sales will decline, too. So a declining inventory will result in fewer sales. There are fewer homes to sell.
I quickly checked the NVAR (Northern Virginia Association of Realtors) statistics for Fairfax County. Over the past year (April 2010-April 2011), active listings for single-family homes has remained flat--2,139 in 2010 versus 2,146 in 2011. Sales are down 14%--from 610 to 523. But when you look more closely at the numbers, much of that drop is in houses priced at the low end of the market--probably fewer foreclosures. Both listing price and sales price actually rose 2% during the period.
For townhouses, the story is about the same. Listings are down 11%--from 721 to 644. So sales are down from 466 to 328. However, both listing price and sales price rose 3% during the period. And notice something: There's less than 2 month's inventory available--328 sales with 644 available.
I don't know which Zip code you're in--22030?--but as some of the other comments say, it's not just Zip code, but even more specific areas, down to communities--Kings Park West or Colchester Hunt or Middleridge.
Frankly, I don't think most buyers analyze the data in that detail. They notice whether houses in their neighborhood are selling. They know what the Smith's up the street sold their home for, or what the Jones' down the street are asking. They listen to (and some wisely question) broad generalities ("Now is a great time to buy a house.").
You're correct: Generally in Fairfax County, it isn't a down market. It's actually an up market, with prices higher and inventory shrinking. On the other hand, it isn't 2005, either.
To answer your question: "Who do we need to contact to kick some xxx and get the data right?": I've found that a lot of times it's misinterpretation of data--often by reporters who don't understand the data or TV reporters who are looking for drama, and sometimes are willing to sacrifice accuracy in order to get it. If it's misinterpretation of data--or even a lack of explanation of accurate data--contact the reporters' editors.
Don't worry that some buyers may take incomplete (or even inaccurate) data and misinterpret it. As shown by the sales figures, the shrinking inventory, and the rising prices, there are plenty of buyers who ARE serious.