March Market Update

The Spring Market has Arrived!

The Spring Market has sprung into action! Although inventory levels are down, activity on listings is up, open house visitors are abundant and multiple contracts on listings are happening more frequently throughout Northern Virginia. In Arlington and close in locations, we are seeing contingencies getting waived and huge escalation clauses for buyers to win contracts. It is a good sign for our market to have such great activity and I expect it to continue for the next few months.

All this being said, pricing properties properly is still paramount to success in getting houses sold. Along the Route 1 corridor close to Amazon’s HQ2 people are definitely “future pricing” their houses. Their hopes to cash in are not bearing any fruit and I don’t believe this pricing strategy is going to get them sales any time soon. At this time, pinpoint accuracy in pricing is the strategy to undertake. Do not price for negotiations. Do not price higher because the neighbor received multiple contracts (as not all listings with multiple contracts are going above list price as I mentioned last month’s newsletter).

If you are a buyer, do not despair, we can help you find a house even in the low inventory market dynamic that we are currently experiencing. Although we are below 3,000 active houses for sale in Northern Virginia, the pace of houses coming on the market for sale is increasing each week. We also have access to “Coming Soon” properties through our network of professionals whom we deal with on a regular basis. Having someone scout out properties for you before they officially hit the market is extremely important, so please feel free to call me to discuss this in more detail.

Don’t forget to set your clocks ahead this month and get out there and enjoy the longer days!

18_300990_Q1 Social Sharables_daylightsavingtime

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer. In today’s Peak Performer Series message I’d like to ask you a question – what is your motivation? Is it the carrot or the stick? Or is it growth? My suggestion for the best motivation is to find an advocate. Learn more about my suggestion on motivation in my latest Motivational Minute message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something! 

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer.

In today’s Peak Performer Series message I’d like to pose a question.What skill set is the most valuable in the marketplace? Negotiations, great advice?  Learn more about my thoughts on this in my latest Motivational Minute message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something! 

And don’t forget to subscribe to my blog at www.scottymacsblog.com

A Quick Minute of Motivation

In this motivational series, I’ll highlight how to become a Peak Performer.

In today’s Peak Performer Series message I’d like to talk to ask you about the Proximity Principle. Have you heard of this? The thought of this principle accounts for the tendency for individuals to form interpersonal relations with those who are close by. Who are you closest with? Are they a good influence? Where are you spending your time? Should you be going to these places? Are these factors contributing or detracting from your success?Learn more in my latest Motivational Minute message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something! 

My 2019 Real Estate Predictions

It’s time for Scott MacDonald’s Annual Top 10 Real Estate Predictions for 2019.

What do you think? Do you agree with these predictions? Do you have any predictions of your own for 2019?

Need more real estate information? Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

A Quick Minute of Motivation

In this new motivational series, I’ll highlight how to become a Peak Performer.​

In today’s Peak Performer Series message I’d like to talk to ask you a question – are you mentally tough? How do you handle adversity? Are you letting setbacks hold you back? Do you bounce back? Learn more about the importance of being mentally tough in my latest Motivational Minute message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something!

A Quick Minute of Motivation

In this new motivational series, I’ll highlight how to become a Peak Performer.

Happy New Year! 

In today’s Peak Performer Series message I’d like to talk to ask you a question – why isn’t the gym crowded ALL the time? Why is it more crowded in January than in other months???  Learn more about the in my latest Motivational Minute message.

Do you agree with my analysis? Let me know!

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something! 

A Quick Minute of Motivation

In this new motivational series, I’ll highlight how to become a Peak Performer.

In today’s Peak Performer Series message I’d like to talk to you again about Mindfulness. With so much negative news and information out there available to you, its very important to make sure you are mindful about your thinking habits (especially at this time of the year). As I have said before, poor thinking habits bring poor results. So who will you change your mindfulness?  Learn more about the in my latest Motivational Minute message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something! 

 

December Market Update

happy-holidays-blue-ready-to-go-happy-holidays-banner-blue-u3

Happy Holidays!  As you are out shopping, heading to parties, potlucks and the like, we too are in full holiday mode in the real estate market. Inventory is dropping as sellers who are not in a “must sell” situation are taking their homes off the market, leaving us with sellers who truly “need to sell” staying on the market. This time of year is always a great time to buy as opportunities are available for home buyers. Sellers, don’t despair, there is activity, houses are selling, and, in some cases, multiple offers are out there. Recently, we have had 20 plus people attend open houses as the weather has been cooperating.  Also, with less inventory and houses decorated for the season, you can still sell your house as the festive look appeals to many home buyers. To learn more if you should buy or sell in December, please call me.

What else is happening in our area? Well, Amazon HQ2 and a half is coming to Crystal City. My feeling is this will have some impact in the very local area, but not overall as it did in the Puget Sound area where Amazon built their first headquarters. Over half of the new jobs will be non-tech related and the average salary will be $150,000. This salary is very good, but not enough to escalate prices like Amazon employees did in Seattle. The average sales price in Crystal City today is $565,000 and we may see this increase as investors are looking to buy, but not everyone is going to buy. Also, many prospective employees may already be in the area working at other companies, so this too won’t impact housing to a large extent. Lastly, in our area, we have created, on average, 50,000 jobs per year over the last decade. Amazon is only bringing 2,500 jobs per year over the next 10-15 years for a total of 25,000 jobs. Again, this is a nice boost to employment, but not enough to spike the needle in our local real estate market. It is definitely a good thing for our region as we beat out 238 other cities for HQ2, showing the rest of the country we have reasons why other companies should move here as well. If you have any other questions, please feel free to call me.

Have a fantastic holiday season with your family and friends! We’re looking forward to an amazing 2019!

A Quick Minute of Motivation

In this new motivational series, I’ll highlight how to become a Peak Performer.

In today’s Peak Performer Series message I’d like to talk to you about “so.” Some people will, some people won’t….so what? Those who will and do, will get the results they want. Those who don’t, well, they won’t. Learn more about the in my latest Motivational Minute message.

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something!