Scott’s Market Minute 6/1/18

My weekly Market Minute live from Chantilly National Golf & Country Club. The rain has put a damper on the market … what do you think?

If you would like to talk more about your specific situation, please feel free to give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Minute 5/25/18

It’s the last week of May and inventory levels have….. Check out Scott’s latest Market Minute message to find out what’s going on in Northern Virginia!

Give me a call if you would like to talk about your situation. I can be reached at 703-652-5777 or email me at scottmacdonald@remax.net  Have a great weekend!!!

Scott’s Market Minute 4/27/18

Inventory levels are up, interest rates are up, distressed inventory is also down – May is going to be a “lucky” month for sellers! Learn more about what’s going on in the Northern Virginia area real estate market in Scott’s latest message.

If you’d like to talk more about your situation, give me a call at 703-652-5777 or email me at scottmacdonald@remax.net.   Have a great weekend!!

February Market Update

Holiday Social Shareables-ValentinesDayThe Northern Virginia real estate market continues to gain momentum despite low inventory levels. There are many buyers in the market ready to buy the right home and in many cases, it is difficult to do so leaving them and their agent frustrated. Typically, this time of year we start to see houses come on the market, but we have not seen a week-over-week increase in inventory since the fourth week of September last year! That is an amazing run, hopefully it will change soon for our buyers. If you are considering selling, let’s get together to see how to position yourself for success in this market.

All indications are pointing for 2018 to be another great year for real estate sales, despite starting off with low inventory levels and increasing interest rates. Interest rates are projected to be in the high 4’s, possibly low 5’s by the end of the year – scary, NOT! When I first got into the business in 1988, rates were in the 12’s. Yes, the rate increase will have some impact but not substantially in my opinion. What could have a greater impact is escalating prices coupled with the higher mortgage interest rates. This may force some first-time buyers to sit on the sidelines because of qualification purposes or potential sellers staying in their houses longer because they don’t find it beneficial to relocate. As always, time will tell.

The low inventory levels are resulting in multiple contract situations in many cases, but not in every situation so it is important to have the right expectation when putting your house on the market. Upper end prices are taking longer to sell as is typically the case. Houses that have not been priced properly, are in poor condition or have undesirable lot conditions will accumulate days on the market as well. In these situations, it is critical to hire a professional to give you the proper guidance to maximize your sought-after results.  We are here to help you navigate the sale in these circumstances, so please call me to discuss your situation in more detail.

 

Scott’s Weekly Market Update

This week in the real estate market – inventory levels are at a 2 year low! Learn more in this week’s market minute message.

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

Have a great weekend!

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 Weekly Market Update

Inventory levels are still low, but the market is just like the weather today “hot” (for January in Northern Virginia)! Learn more in Scott’s latest Market Minute message.

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