South Riding, VA Real Estate News

By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
   SUMMARY The current inventory level for South Riding was reduced by 1 to 48 active listings, this is a 2% decrease.. With 10 new listings , and 11 homes which went under contract creating a very active week in South Riding. The 11 homes receiving a contracts last week did so with an average 40 days on the market. Additionally, the 11 homes which went to record last week had an Average DOMP of 62 which is about 2 weeks more than our current absorption rate and had an average net sales price of 97.2%. Looking at the latest days on the market for homes which received contracts last week, it looks as if buyers out there are making quick decisions on the well priced properties whether it is a short sale, bank owned, or regular sale. If you are in the market to buy or sell your home in Sou...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
SUMMARY The current inventory level for South Riding remained the same at 49 active listings. With 7 new listings , and 5 homes which went under contract creating an active week in South Riding. The 5 homes receiving a contracts last week did so with an average 31 days on the market. The 2 homes which went to record last week had an Average DOMP of 81 which is more than our current absorption rate and had an average net sales price of 94.6%. Looking at the latest days on the market for homes which received contracts last week, it looks as if buyers out there are making quick decisions on the well priced properties whether it is a short sale, bank owned, or regular sale. If you are in the market to buy or sell your home in South Riding contact me I will be happy assist you. CLICK HERE fo...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
  SUMMARY The current inventory level for South Riding decreased this week by 3 units, to a total of 49 active listings an 4% decrease in inventory. With 6 new listings, and 8 homes which went under contract creating an active week in South Riding. The 8 homes receiving a contracts last week did so with an average 63 days on the market. The 4 homes which went to record last week had an Average DOMP of 148 which is more than our current absorption rate and had an average net sales price of 96.4%.  CLICK HERE to see entire post  
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
SUMMARY The current inventory level for South Riding increased this week by 4 units, to a total of 51 active listings an 8.5% increase in inventory. With 7 new listings, and 5 homes which went under contract creating an active week in South Riding. The 5 homes receiving a contracts last week did so with an average 73 days on the market. The 2 homes which went to record last week had an Average DOMP of 34 which is less than our current absorption rate. click here to see the post.   Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is subject to human errors such as agents entering wrong values. This is not a...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
Summary In general the net sales prices have fallen on average 3.7% to $412,334 between Q1 2009 compared to Q1 2008. The Average Days on the Market was reduced by 36 days and % of Asking Price increased by 1.1 basis points to 97% are both positive signs for the local real estate market. But with 25 fewer homes sold in the same period and an average decrease in net sales dollars of $15,952, as well as distressed sales have continued to increase Q1 2009 compared to Q1 2008 by 5 overall it looks like the market is still favoring the buyer.  Click here complete post.
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
SUMMARY The current inventory level for South Riding decreased this week by 6 units, to a total of 47 active listings an 11% decrease in inventory. With 4 new listings, and 10 homes which went under contract creating an active week in South Riding. The 10 homes receiving a contracts last week did so with an average 90 days on the market and were mostly traditional sales receiving contracts. The 7 homes which went to record last week had an Average DOMP of 44 which is more than our current absorption rate, however still a low average days on the market. Between the homes receiving contracts averaging 1 month to receive an offer and sold to record last week averaging 1 1/2 months along with the sold averaging a net of 98% of ask price it looks as if buyers are recognizing well priced home...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
 SUMMARY The current inventory level for South Riding went unchanged remaining at 53 active listings. With 9 new listings and 10 homes making it a very busy week in South Riding. The 10 homes receiving a contracts last week did so with an average 49 days on the market and were mostly distressed sales receiving contracts. The 1 home which went to record last week had an Average DOMP of only 4 days and sold for 110.9% of it's asking price! Looking at homes going under contract and sold it looks when buyers find a properly priced property they are making offers.  To get more detailed information CLICK HERE.   Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g....
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By Konnie Mac McCarthy, Broker/Owner - VA & MD "Time To Get A Move On!"
(MacNificent Properties, LLC)
 The one thing that is important to understand about real estate is...what is true for one area is not necessarily true for thers... Although homes sales hae gotten slower in the South Riding area, the average home price has not seen the decline that we have seen in other areas.. Believe it or not, inventory is getting lower, our area seems to be innundated with short sales...as the foreclosure properties are moving pretty fast.. if you are in the market for a home, call your local agent to help navigate through this complicated market               2009    2008    % Change Total Sold Dollar Volume: $ 5,649,380 $ 12,342,139 - 54.23 % Average Sold Price: $ 376,625 $ 457,116 - 17.61 % Median Sold Price: $ 340,000 $ 419,000 - 18.85 % Total Units Sold: 15 27 - 44.44 % Average Days on Market...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
SUMMARY The current inventory level for South Riding decreased this week by 2 units, to a total of 53 active listings an 4% decrease in inventory. With 5 new listings, and 9 homes creating an active week in South Riding. The 9 homes receiving a contracts last week did so with an average 89 days on the market and were mostly distressed sales receiving contracts. The 4 homes which went to record last week had an Average DOMP of 23 which is less our current absorption rate and were mostly traditional sales.  To get more detailed information CLICK HERE.   Disclaimer: Information is deemed reliable but not guaranteed. MLS data was used which means For Sale By Owner information may have not been included. All homes entered as comps (e.g. new construction) were removed as well. MLS data is sub...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of today, there are 55 active listings in MLS and 30 homes that went under contract in the past 30 days. This gives us a current absorption rate of 1.8, which is higher than last week's rate of 1.7. The number of distressed sales out of the total actives and the breakdown is as follows:  Short Sale Condos: 0 Short Sale Town Homes: 9 Short Sale Detached Homes: 12 Total Short Sales: 21 Percent of Short Sales: 38.2% Bank Owned Condos: 0 Bank Owned Town Homes: 2 Bank Owned Detached Homes: 7 Total Bank Owned: 9 Percent of Bank Owned: 16.4% Total Distressed Sales: 30 Percent of Total Distressed Sales: 54.5% Contact me if you would like additional information on any of these South Riding Homes for Sale   NEW LISTINGS According to MLS there were 8 new listings added to mls for t...
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By Donny & Meredith Samson
(Samson Properties)
Open House Sunday, March 22nd from 1-4! 6535 Rockland Drive, Clifton, VA $599,000 Re-Listed on March 12th w/BRAND NEW KITCHEN!! NEW GRANITE, STAINLESS STEEL & RECESS LIGHTS.You have to see this beautiful 5 BR, 3.5 BA SFH w/2 Car Garage. Corner lot. Original Owner. Loft overlooking 2 story Foyer! New inter/exterior paint,new roof.New Flooring.New Copper Piping. MBA w/double-wide jacuzzi tub & skylight. Brick FP w/woodburning stove in FR w/French Doors leading to Private Deck & Patio. LL walk out w/5th BR & Full Bath. New W&D. Upgraded A/C. Extra Large Country Porch. Visit www.dmsamson.com for more information!
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By Donny & Meredith Samson
(Samson Properties)
Featured Northern Virginia Homes for Sale - March 10th Recently Under Contract! 10029 Darnaway Ct. in Bristow, VA and 42211 Terrazzo Terrace #502 in Stone Ridge, VA. For more information please visit www.dmsamson.com   UNDER CONTRACT 10029 Darnaway Ct.Single Family House 5 bedrooms3 full/1 partial baths2,746 sqft $249,900 Bristow, VA 43421 Valleyvista LaneSingle Family House 3 bedrooms2 full/0 partial baths1,680 sqft $399,000 Chantilly, VA NEW PRICE 10210 Bushman Drive #304Condo 1 bedrooms1 full/0 partial baths920 sqft $187,000 Oakton, VA 1712 Lake Shore Crest Drive #3Condo 2 bedrooms1 full/1 partial baths966 sqft No pets $1,500/month Reston, VA 25495 Gover DriveTownhouse 3 bedrooms2 full/1 partial baths2,200 sqft $349,900 Chantilly, VA 6535 Rockland DriveSingle Family House 5 bedrooms2...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of today, there are 53 active listings in MLS and 31 homes that went under contract in the past 30 days. This gives us a current absorption rate of 1.7, which is higher than last week's rate of 1.2. The number of distressed sales out of the total actives and the breakdown is as follows: Short Sale Condos: 0 Short Sale Town Homes: 7 Short Sale Detached Homes: 10 Total Short Sales: 17 Percent of Short Sales: 32.1% Bank Owned Condos: 0 Bank Owned Town Homes: 3 Bank Owned Detached Homes: 8 Total Bank Owned: 11 Percent of Bank Owned: 20.7% Total Distressed Sales: 28Percent of Total Distressed Sales: 52.8% Contact me if you would like additional information on any of these South Riding Homes for Sale   NEW LISTINGS According to MLS there were 9 new listings added to mls for th...
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By Donny & Meredith Samson
(Samson Properties)
Loudoun County Featured Homes for Sale 10029 Darnaway CtSingle Family House 5 bedrooms3 full/1 partial baths2,746 sqft $249,900 Bristow, VA 43421 Valleyvista LaneSingle Family House 3 bedrooms2 full/0 partial baths1,680 sqft $399,000 Chantilly, VA 10210 Bushman Drive #304Condo 1 bedrooms1 full/0 partial baths920 sqft $199,900 Oakton, VA 1712 Lake Shore Crest Drive #3Condo 2 bedrooms1 full/1 partial baths966 sqft No pets $1,500/month Reston, VA 25495 Gover DriveTownhouse 3 bedrooms2 full/1 partial baths2,200 sqft $349,900 Chantilly, VA 6535 Rockland DriveSingle Family House 5 bedrooms2 full/1 partial baths2,394 sqft $619,000 Clifton, VA 2968 Cyrandall Valley RoadTownhouse 3 bedrooms1 full/1 partial baths1,400 sqft $347,000 Oakton, VA 42211 Terrazzo Terrace #502Condo 3 bedrooms2 full/1 pa...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of today, there are 21 active listings in MLS and 12 homes that went under contract in the past 30 days. This gives us a current absorption rate of 1.8 which is lower than last week's rate of 2.6. Of the 21 active listings, 10 are new homes from the builder(5 town homes, and 5 detached homes), 2 are traditional re sales the remainder are distressed sales which break down as follows: Short Sale Condos: 1 Short Sale Town Homes: 5 Short Sale Detached Homes: 3 Total Short Sales: 9 Percent of Short Sales: 42.9% Bank Owned Condos: 0 Bank Owned Town Homes: 0 Bank Owned Detached Homes: 0 Total Bank Owned: 0 Percent of Bank Owned: 0% Total Non-Traditional Sales: 9 Percent of Total Non-Traditional Sales: 42.9% Contact me if you would like additional information on any of these Sto...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
 INTRODUCTION As of today, there are 47 active listings in MLS and 38 homes that went under contract in the past 30 days. This gives us a current absorption rate of 1.2, which is lower than last week's rate of 1.7. The number of distressed sales out of the total actives and the breakdown is as follows: Short Sale Condos: 0 Short Sale Town Homes: 6 Short Sale Detached Homes: 9 Total Short Sales: 15 Percent of Short Sales: 31.9% Bank Owned Condos: 0 Bank Owned Town Homes: 2 Bank Owned Detached Homes: 9 Total Bank Owned: 11 Percent of Bank Owned: 23.48% Total Distressed Sales: 26 Percent of Total Distressed Sales: 55.3% Contact me if you would like additional information on any of these South Riding Homes for Sale   NEW LISTINGS According to MLS there were 2 new listings added to mls for ...
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By Donny & Meredith Samson
(Samson Properties)
FOR RENT 1712 Lake Shore Drive #3, Reston, VA, 20190 United States $1,500    MLS# FX6945766 Type Condo Style Garden Units 1 Bedrooms 2 Bathrooms 1 Bathrooms-Partial 1 Square Footage 966 Age 13 Parking 1                 SCHEDULE AN APPOINTMENT Gorgeous 2 Bedroom, 1.5 Bath Condo. 966 sq ft. Many recent upgrades! Updated Kitchen includes granite counters, stainless steel appliances, pantry, cabinets and hardware. Bright and Airy Dining Room and Living Room w/gas fireplace and new maple laminate flooring. Master Bedroom w/new Berber carpeting. Master Bath with new tub/shower, Corian counter top and new tile. Covered Patio with view of Lake. 2 Exterior storage units. 9" Ceilings. Freshly Painted. Reserved parking in front of unit. Walk to W & O.D. Trail and Reston Town Center.  Rent include...
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By Donny & Meredith Samson
(Samson Properties)
Chantilly Virginia Homes for Sale : Featured listings Open House this sunday in South Riding. 25495 Gover Drive will be holding an open house from 1-4. Stop by and check out this 3 BR townhouse. New this week is 10029 Darnaway Court in Bristow, Virginia. This beautiful 5 BR/3.5 BA home won't last long! Visit www.dmsamson.com for more info or to schedule a private showing.   JUST LISTED 10029 Darnaway CtSingle Family House 5 bedrooms3 full/1 partial baths2,746 sqft $249,900 Bristow, VA 43421 Valleyvista LaneSingle Family House 3 bedrooms2 full/0 partial baths1,680 sqft $399,000 Chantilly, VA 10210 Bushman Drive #304Condo 1 bedrooms1 full/0 partial baths920 sqft $199,900 Oakton, VA REDUCED 1712 Lake Shore Crest Drive #3Condo 2 bedrooms1 full/1 partial baths966 sqft No pets $1,500/month Re...
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By Mark Murad, Virginia Realtor-Loudoun/Fairfax/PW (703)623-7626
(Samson Properties)
INTRODUCTION As of today, there are 53 active listings in MLS and 32 homes that went under contract in the past 30 days. This gives us a current absorption rate of 1.7, which is higher than last week's rate of 2.3. The number of distressed sales out of the total actives and the breakdown is as follows: Short Sale Condos: 0 Short Sale Town Homes: 8 Short Sale Detached Homes: 9 Total Short Sales: 17 Percent of Short Sales: 32.1% Bank Owned Condos: 0 Bank Owned Town Homes: 2 Bank Owned Detached Homes: 12 Total Bank Owned: 14 Percent of Bank Owned: 26.48% Total Distressed Sales: 31 Percent of Total Distressed Sales: 58.5% Contact me if you would like additional information on any of these South Riding Homes for Sale   NEW LISTINGS According to MLS there were 6 new listings added to mls for ...
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By Donny Samson Team, Great Service at a Great Price
(Samson Properties)
Open House this Sunday, February 22nd, from 1-4! 25495 Gover Dr, South Riding, VA Offered at $349,900 Well maintained 3 BR/2.5 BA TH w/Detached 2 Car Garage. 2,200 fin sq.ft! Beautiful Kit w/Brand New Granite c-tops. Lux MBR w/his&her walk-in closets, sep.shower/soaking tub. Walk thru DR to Kit. FR w/elegant gas FP, w/built-ins. BR Level Laundry Rm. Top floor Rec.Room. Courtyard w/wood deck. Wrapped vinyl siding. Popular Regents model overlooks park. Great South Riding Location!!  
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