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The Summer Shift – Real Estate

July 27, 2012 By Doug Francis

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The Northern Virginia real estate statistics showed an interesting “early” downshift starting in the June chart. The low interest rates motivated most home buyers to take action in the early spring expecting them to flatten out by now. But rates have remained on a down slope which has eliminated the intense sense of urgency.

Contrary to these statistics, I still see strong buyer demand but the current home inventory of sellers continue to make mistakes in the presentation of their homes. On a consistent basis they are priced too high, have not been staged properly, lack basic updates, and fail to foster a saleability factor with relocation buyers.

This lack of connection to the sales process could probably be remedied with an afternoon watching HGTV!

Arlington County real estate activity showed a dramatic shift:

And McLean real estate saw an interesting drop in the number of pending sales

The RBI real estate market statistics are released around the 10th of each month and theses charts will update automatically.

For a in depth chart of your community please contact me at doug@DougFrancis.com .

 

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Filed Under: Blog, Home Seller Tips Tagged With: HGTV, McLean, Northern Virginia, real estate

About Doug Francis

A Realtor specializing in unique and new homes around Vienna, Virginia, Doug started writing a first-hand blog about his everyday real estate experiences a decade ago. In-depth, helpful and fun has always been the objective. Outside real estate, he was profiled in a commercial for Verisign's "Where the World Clicks" global ad campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna (#3!). He's a Boston University graduate who feels morning coffee is non-negotiable.

Vienna real estate agent Doug Francis

Helping my clients add value to their homes has always been important to me. My step-by-step recommendations are intended to increase market appeal, return more than invested, and help net more when selling.

Beyond just sellers, I have helped many new homeowners make smart design decisions when remodeling. We gutted our house and totally remodeled it, and I pass that experience along because living in a nice house is simply better.

My background… I’ve been an active licensed agent in Virginia for 25 years, work at TTR Sotheby’s International Realty in McLean, and sell homes in all price ranges. I donate to the Town of Vienna tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Questions? Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

Filmed in Vienna and McLean

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About Doug Francis

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I have been a full-time Realtor licensed in Virginia since 1991, and cover a big territory specializing in the Vienna real estate market and custom homes for sale.

I have unique knowledge of digital real estate marketing, and my marketing starts here. My clients have been attracted to my results-oriented strategy for years, and I am accepting new clients for 2023 right now.

Thanks for reading, and feel free to contact me at 703-304-6827 or email me at doug@dougfrancis.com anytime!

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TTR Sotheby's International Realty
6723 Whittier Avenue McLean, VA 22101

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