December Market Update

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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! 

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 football and real estate. How do these two correlate? You need to work on the basics – you have to do the little things consistently and on a regular basis to be successful. 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! 

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 mindset. Are you in the right mindset? Poor thinking habits result in poor work habits – no matter how hard you work!  Are your thoughts in alignment with the results you want to have? Learn more about the importance of having a positive mindset 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.

In today’s Peak Performer Series message I’d like to talk to you about storytelling. We all have a story to tell – one that let’s everyone know what makes us different than other agents. Do you just list out the things that make you different from others or do you have a story to tell? Learn more about the importance of storytelling 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! 

November Market Update

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We are Grateful for You!

Now that another Halloween has come and gone, hopefully you weren’t spooked by the real estate market and the news that you have heard about it. The market is good – not bad – not slow – not great – just good. People need to expect that their house isn’t going to sell in a matter of hours or days, it will, in most cases, take a couple of weeks to a month or even longer to sell. As I’ve said before, it all depends upon your price point, condition and location. All around the region, we are seeing median days on market are up as are the average days on market. Again, don’t be spooked, we continue to see steady sales, low inventory and stable prices. Buyers are just taking a bit little longer to make decisions on buying. Some are still looking for the house to be in perfect condition at a “value” price. In some cases, they too, need to be realistic. Not every house is perfect and not every house is value priced so, just make an offer and see how the seller responds. If there is a house for sale, the sellers want it sold and they just want to “hear” it from the market and not the agent in a lot of cases.

So, what is on the horizon? Interest rates will continue to rise which will cause some buyers to leave the market. Some will opt for alternative forms of financing such as adjustable rate mortgages or if you have an assumable loan – assumptions. If you are interested in buying, this is a great option as well. Please give me a call to learn more whether you are selling or buying.

What else could impact our area you ask? Amazon and their HQ2 is the answer! At this time, they are in advanced negotiations with Northern Virginia on their next headquarter location, Crystal City to be more precise. What does this mean for our region? There will be some impact on housing, some impact on commercial properties (depending upon their location), a definite impact on our economy and lastly, an
impact on traffic as 50,000 jobs (or 25,000 if they split the locations) plus supporting company employment will bring more commuters. The local real estate industry is excited about this potential move, but we are not counting on anything concrete until the final decision is made. If you would like to know more, please feel free to call me as I have been following this developing news quite extensively. Also, I am happy to discuss your next move at any time.

Have a great Thanksgiving and enjoy the time with your family and friends!
-Scott

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 abut the theory that “it all rolls downhill.” Your attitude, your thoughts, your outlook on life – they all flow down to your clients, your family, your friends and your co-workers. So what kind of attitude will you have today? Learn more in my latest Motivational Minute.

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

In today’s Peak Performer Series message I’d like to you about your destiny. Who controls your destiny?  YOU DO!  Don’t let others opinions about you bother you. Your attitude and vision of your life is what matters.  Learn more in my quick video.

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 you about disruptors and disruptions. How are you reacting to these disruptors? Are you adapting or just complaining? Are you evolving with the industry and improving? Learn more in this quick video.

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 you about thinking about the future. The way you currently interact with your clients today, may not be the best way to communicate and market to them in the future… So how can you get ahead of the curve? Learn more in this quick video.

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

Now go sell something!