Every time I see this floor plan I like it but this is the third time I have seen it and this time at a different price point. Location is the driving force behind the price of a home, but I do find it interesting that I have seen basically the same home three different times in the last month and this time the price point was much higher.
The question though becomes is this location any better. The last time I saw the home I was off of Braddock Rd. in Burke and the time before that I was in Vienna. Now of the three locations I would expect Vienna to be the highest but it wasn't. This time I was in Fairfax off of 29 in a neighborhood where the average sold price over the last calender year was $481,313.00.
Tuesday, February 28, 2012
Friday, February 24, 2012
Bonus Previewing
Thursday afternoon at the office found me with a lot of time and not much to do and whenever there isn't much to do, or I have finished everything I did have to do, it is time to make something to do. I headed just down the street for some bonus previewing for the week in the Poplar Estates and Poplar Tree Estates subdivision. As there isn't much difference in the types of houses in the subdivisions I am deciding to analyze them as one.
In total there are five active listings and two under contract which gives the subdivision a market absorption rate of 2.5 and of the six that sold in the past three months the average sold price was $517,775.00. Those properties stayed on the market for an average of 104 days and received 95.67% of list price.
It is an interesting neighborhood with a good variety in style of home. Having been in a number of the homes I can point to similarities in the floor plans, but they are different enough that no two homes were exactly alike. The best floor plan was one of the ones in Poplar Estates. It had a large master bedroom suite with two large walk in closets and a large master bedroom.
Aside from having a large master bedroom the second, third, and fourth bedrooms were larger than average and they all had big closets. The main level was just as nice with a sitting room to one side of the entrance and the dining room on the right. The sitting room had glass doors that opened to the family room which sat next to a fully upgraded kitchen. In total the taxable living area for the home is 2,622 sq. ft. and it does have a finished basement.
All of the homes previewed in that neighborhood were nice but that is the one that stood out. There was one for sale as well on the same court and it had a unique floor plan with an open entrance with cathedral ceilings and a step down from the dining room into the family room. I liked the unique floor plan and how open and inviting the home felt when it was entered. I am someone who likes uniqueness in a property especially in a designed neighborhood and this floor plan really stood out.
Both the Poplar Estates and Poplar Tree Estates subdivisions would be a good place to show homes to someone looking in the Chantilly area in the mid-500's to mid-600's price range. There were advantages to all the homes seen on Thursday and now I am better armed to discuss that area with potential buyers.
I learn something new in real estate everyday
so you don't have to
David Huzzard
www.SuperNoVaRealty.com
In total there are five active listings and two under contract which gives the subdivision a market absorption rate of 2.5 and of the six that sold in the past three months the average sold price was $517,775.00. Those properties stayed on the market for an average of 104 days and received 95.67% of list price.
It is an interesting neighborhood with a good variety in style of home. Having been in a number of the homes I can point to similarities in the floor plans, but they are different enough that no two homes were exactly alike. The best floor plan was one of the ones in Poplar Estates. It had a large master bedroom suite with two large walk in closets and a large master bedroom.
Aside from having a large master bedroom the second, third, and fourth bedrooms were larger than average and they all had big closets. The main level was just as nice with a sitting room to one side of the entrance and the dining room on the right. The sitting room had glass doors that opened to the family room which sat next to a fully upgraded kitchen. In total the taxable living area for the home is 2,622 sq. ft. and it does have a finished basement.
All of the homes previewed in that neighborhood were nice but that is the one that stood out. There was one for sale as well on the same court and it had a unique floor plan with an open entrance with cathedral ceilings and a step down from the dining room into the family room. I liked the unique floor plan and how open and inviting the home felt when it was entered. I am someone who likes uniqueness in a property especially in a designed neighborhood and this floor plan really stood out.
Both the Poplar Estates and Poplar Tree Estates subdivisions would be a good place to show homes to someone looking in the Chantilly area in the mid-500's to mid-600's price range. There were advantages to all the homes seen on Thursday and now I am better armed to discuss that area with potential buyers.
I learn something new in real estate everyday
so you don't have to
David Huzzard
www.SuperNoVaRealty.com
Wednesday, February 22, 2012
Tuesday, February 21, 2012
Previewing Review 2/21/12
The best way to learn something new is to see something new and previewing homes is the best way to do that. Today I ventured out to the land of Reston. I remember back in High School when the Reston Town Center was first starting to become a place people wanted to go, and Reston felt like some foreign world that needed to be explored. Now Reston is one of the main attraction of Northern Virginia.
Everyone wants to eat out at the Clyde's or Morton's in Reston Town Center after a long day of playing in the Water Mine at Lake Fairfax before heading to the Perils of the Lost Jungle for some night time mini-golf. Reston has become one of the places to be in Northern Virginia and as such it is very important that I am constantly working to stay familiar with the area.
Everyone wants to eat out at the Clyde's or Morton's in Reston Town Center after a long day of playing in the Water Mine at Lake Fairfax before heading to the Perils of the Lost Jungle for some night time mini-golf. Reston has become one of the places to be in Northern Virginia and as such it is very important that I am constantly working to stay familiar with the area.
Monday, February 20, 2012
A Different World a Few Miles South
Living in Fairfax County I end up working mostly in Fairfax County, but as my slogan is, "I learn something new in real estate everyday so you don't have to." I figure those I want referrals from need to be well informed or at least be able to prove to people that I do my homework. Today I went to work on learning about my sister's subdivision.
The first thing I noticed when I pulled up the active listings is that there were a lot. In most subdivisions in Fairfax county it is good luck to find more than two active listings. In just this one subdivision in Stafford county there are 20 active listings. That is the close to an amount that could be found in some zip codes further north.
The first thing I noticed when I pulled up the active listings is that there were a lot. In most subdivisions in Fairfax county it is good luck to find more than two active listings. In just this one subdivision in Stafford county there are 20 active listings. That is the close to an amount that could be found in some zip codes further north.
Friday, February 17, 2012
Pictures Lie
A picture might be worth a thousand words but in the real estate industry they can be near worthless. Pictures of a property are nice to see and do a good job of giving a basic idea of what it is like, but they don't tell everything. Pictures can be manipulated in a variety of ways. Anyone that has engaged in online dating knows this.
I know how this works as I have looked at pictures and then gone to a property to then return home to review the pictures again. I have seen where they have angled the picture ever so slightly to leave out certain defects in a wall or to not show an old light fixture. I have seen a property that had no backyard and there wasn't a picture online that showed this. These are all things that can only be learned by visiting a property.
I know how this works as I have looked at pictures and then gone to a property to then return home to review the pictures again. I have seen where they have angled the picture ever so slightly to leave out certain defects in a wall or to not show an old light fixture. I have seen a property that had no backyard and there wasn't a picture online that showed this. These are all things that can only be learned by visiting a property.
Thursday, February 16, 2012
What Buyers Want
Spend any time with a buyer and it is very clear what they are looking at. The most important category for anything is price. It is a lot easier for a person to convince themselves to purchase something if it is easier to afford. The next criteria that is most important for a buyer is location. People want to be where they feel comfortable and in an area they like. The third and final aspect a buyer will judge a property on is style and condition. One buyer might not mind doing a little fix-up work while another loathes the idea.
The issue of price is the most important and most obvious factor on which all home buying searches are based. Most people are going to look at all ranges of what they can afford to start out with but then start to settle more towards one price point as they find out which one gives them the value they are looking for. This isn't just important for buyers but for sellers as well. When listing a property it is important to understand the buyers mindset and set your property into a price range in which it can compete with the other properties on the market.
The issue of price is the most important and most obvious factor on which all home buying searches are based. Most people are going to look at all ranges of what they can afford to start out with but then start to settle more towards one price point as they find out which one gives them the value they are looking for. This isn't just important for buyers but for sellers as well. When listing a property it is important to understand the buyers mindset and set your property into a price range in which it can compete with the other properties on the market.
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