A Quick Minute of Motivation

In this new motivational series, Scott will highlight how to become a Peak Performer.

In today’s Peak Performer Series message, I wanted to remind you about an old saying… Sometimes you’re the windshield, sometimes you’re the bug. What matters is how you handle these days! Watch this quick message for more…

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

Now go sell something!

June Market Update

Summer is here!

Wow, that was one of the fastest months ever, in my opinion. Memorial Day weekend came and went in a blink of an eye, so it must be the height of the Sandbridge Beachdynamic spring market! Median days on the market in Northern Virginia is just 8; the average days on the market is 42. So, houses are virtually selling immediately (often with multiple offers) or they are taking a little while longer to sell. Right now, we are seeing very demanding
buyers in the marketplace. If the house is priced a little high or isn’t updated or staged, they are getting a lot of activity in the first week, but then showings fall off tremendously after that time frame.

So, what is fueling all the activity? There are a few factors, first there is a lot of demand – in certain price points, more on this shortly. Second, interest rates are still great – right around 4% for a 30-year fixed mortgage. Some people are taking advantage of adjustable rate mortgages too. Third, we continue to experience a strong local job market with many people relocating into the area for this reason. Fourth, prices are beginning to increase slightly, so many people are wanting to buy while it is still affordable for them to do so. Lastly, people have equity in their homes and can sell today to move into a larger home or closer to the city to reduce their commute. This is all good news for both buyers and sellers!

What is the situation with pricing I mentioned earlier you ask? The under $500,000 price point for houses and townhouses is on fire, representing a great majority of the median days on market. Yet, homes priced in the $650,000 -$800,000 range outside of the beltway are slow which is causing an increase on the average days on the market number. The upper price points (above $800,000) are seeing activity and sales which is always good for our local market.

I expect to see more of this type of activity and sales at least through the 4th of July. So, if you are considering selling or buying a home, please feel free to call me to discuss your situation in more detail.

Now, go enjoy this beautiful weather!  Happy Summer!

 

 

 

 

 

Scott’s Market Minute 5/19/17

Another interesting week in the real estate market! Inventory is up, consumer confidence is up, rates are down…but there are some soft spots… Learn more in this weeks Market Minute video message.

If you’d like to talk about your specific situation, please give me a call at 703-652-5777 or scottmacdonald@remax.net

Have a great weekend!

Scott’s Market Minute 4/28/17

The market is in full spring swing! Buyers are out there and ready to make YOU an offer. Are you ready to put YOUR house on the market?  Need more reasons why now is a great time to do so??  Check out my latest Market Minute video…

Interested in learning more?  Give me call at 703-652-5777 or email me at scottmacdonald@remax.net.  Have a great weekend!

 

A Quick Minute of Motivation…

In this new motivational series, Scott will highlight how to become a Peak Performer.

Today’s Peak Performer Series message is about a VERY important four letter word that is necessary for your success… can you guess what it is?? Watch this quick video to find out more…

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

Now go sell something!

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

Scott’s Market Minute 4/21/17

 

Another interesting week in the Northern Virginia housing market … Interest rates are DOWN and inventory is…. check out my latest Market Minute for more info.

Interested in learning more about selling your home or buying a new one? Feel free to give me a call at 703-652-5777 or scottmacdonald@remax.net

Happy Earth Day!