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 do you say to yourself in the morning? What you say to yourself and how you start your day matters! Give yourself that pep talk! Learn more about the importance of this morning ritual in my latest motivational minute video.

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

 

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 you about adding value. How much value are you adding to your clients and customers? Are you giving your clients the right advice when they are buying or selling with you? Learn more about the importance of adding value in my latest motivational message video.

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

 

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 you about the summertime blues. Are you currently experiencing the summertime blues? Go out there and be proactive, get out of the blues rut – don’t let it bring you down and put you behind on the goals you have set for this year. Learn why this is so important in my latest video.

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

July Market Update

Mid Year Update

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It is hard to believe we are already halfway through 2019. The two questions that I have are; where does the time go and where is the housing inventory? The number of houses in Northern Virginia remains extremely low – 20% below last year and nearly 33% from two years ago. The inventory with the lowest levels is in the first-time home buyer price range which is basically houses and condos priced below $350,000. At the time of this newsletter, there are only 717 properties for sale in all of Northern Virginia at this price point. These homes are flying off the market with an absorption rate resulting in a .75 month’s supply of housing. As such, we are seeing multiple offers as there just not enough supply for the number of buyers in this market. To climb the pricing ladder, we will see the month’s supply and inventory rise. As a comparison, houses priced between $350,000 and $500,000 have a .83 month’s supply with only 872 houses for sale. The $500,000 and $750,000 priced houses have a 1.2 month’s supply with 1,252 currently on the market. Both of these numbers are low, historically speaking, so don’t be alarmed if you are thinking of selling your house. Where we see the market slowing is in the $750,000 and above price point. In this price point, we have over a 3 month’s supply of inventory with 1,683 houses for sale. This is obviously a larger price range but shows the higher you go, the longer it takes to sell. I have mentioned many times if a house isn’t compelling – it isn’t selling and the best way to make it compelling is price. If you are considering selling in any of these price points, please call me to learn how to best position your house to sell for the most money in the least amount of time.

So, what does it mean for buyers? There are opportunities in the market to own but you need to be strategic in doing so in every price point. It is important to utilize the services of a professional to negotiate for you to get you into the home you desire. If you are considering becoming a homeowner for the first time or if you are moving up or down, give me a call to learn how this can be done for you.

Have a very Happy 4th of July and please be safe!

Scott’s Market Minute 2/1/19

I’ve been talking about it for a while now…. the inventory levels are still at an epic low! Thinking of selling in the spring? Don’t wait ..learn more in Scott’s latest Market Minute Message. #remaxgateway #northernvirginia #realestate

Give me a call to talk about your unique situation 703-652-5777 or email me at scottmacdonald@remax.net

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!

Special Market Update Message – Amazon HQ2

The future is so bright, we’ve gotta wear shades…..but it might not be as bright as some think it will be. Amazon HQ2 will bring growth to the Northern Virginia area, but it will be gradual, not overnight. Learn more about my thoughts on the impact this will have on the housing market in my special Market Update Message.

If you have any questions about this or if you would like to discuss your current situation, please give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

June Market Update

Hello Summer!

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As we head into the long, hot days of summer, we are seeing that the Northern Virginia real estate market is in a “weird” place right now. It appears that some current buyers are creating unrealistic expectations while on the search for their new home – not every house is perfect, nor will it be. Each home has its flaws and sellers are not required to make houses “like new”. Home inspection list requests, multiple visits to the house with multiple inspectors (some licensed, some not) and extensive walk through items on or before the day of settlement are making selling a house even more difficult today than ever before. Unreasonable demands are being put on sellers and buyers in many cases are threatening not to close over last minute or minor issues that did not come up on the home inspection. Now, this isn’t happening in all cases, but it is in a lot of situations which is making the process more stressful than home selling normally is. It is my belief that buyers feel they are paying too much or are paying top dollar and because of shows they see HGTV, they feel the houses need to be nearly perfect. Hopefully, these demands will revert back to normal sooner rather than later. Time will tell.

So, what does this mean? It is more important today to have a professional Realtor, with years of experience on your side to guide you through the process, letting you know what is reasonable and expected and what is not. This is for both buyers and sellers. Please let me know if you or anyone you know may need my assistance.

As far as inventory goes, we are relatively flat week-over-week recently and sales remain strong. The issue remains the number of houses for sale are 18% below last year and 29% below 2 years ago and with sales remaining consistently high, we see prices increasing in some areas across the region. Now, not every market is strong, and not every house is seeing an escalation in value so please be sure to ask me what the right price is for your house if you are considering selling. Each area, house type, condition of the property and location dictate value today.

Stay dry and cool in these crazy summertime weather conditions.

 

Scott’s 8 Real Estate Predictions for 2018

Check out Scott’s 8 Real Estate Predictions for 2018. Do you agree with Scott’s prediction? Do you have any predictions about the real estate market for 2018 of your own? Share them with us!

Visit our Facebook page and post your real estate predictions for 2108.   https://www.facebook.com/remaxgateway/

Scott’s Market Update

It’s November and the housing inventory is dropping as quick as…. ???
Learn more in Scott’s latest Market Minute message. #marketminute#REMAX

Is it time for you to sell your home?  Maybe you are looking to buy, well now is a great time!  Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net to talk about your situation.