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The Summer Shift – Real Estate

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 .

 

Related articles
  • Was it Real Estate Stats Day?
  • Afraid of Delaying your Closing?
  • Where is my House Survey?
  • Area real estate sales take a summer dip in June

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

About Doug Francis

A seasoned Realtor specializing in unique and new homes around Vienna, Virginia, Doug has seen consumer behavior, negotiations and communication styles change. At his original brokerage, he was the first agent to add an email address. Imagine! Outside real estate, he plays tennis, is a Washington Capitals fan, spends time with Skipper (his dog), and enjoys the restaurant scene in the DCA. He's a Boston University graduate who feels morning coffee is non-negotiable.

Vienna real estate agent Doug Francis

When we bought our house in Vienna, we were thinking about raising the kids, building an addition, and knowing the neighbors. Today, home buyers are attracted to Vienna because of the sense of community, walkability, and small town lifestyle.

So, what’s next after your 25 years? It’s a conversation many of my clients are having with me as they plan to move to the beach, travel, or get closer to grandkids. Helping them see their future, sell their current home, and move ahead with their updated plan has been an interesting new chapter.

My background: I am an active licensed agent in Virginia, have negotiated hundreds of sales contracts, work at TTR Sotheby’s International Realty in McLean, and still 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.

Let’s discuss your moving plans: Email doug@dougfrancis.com or call me at (703) 304-6827 .  Cheers!

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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'm licensed in Virginia with a focus on Vienna, VA real estate since 1991.

That deep knowledge is valuable, especially in today's fast-paced market where advice is critical. Although many of my clients are personally referred, I am available to help you too and am accepting new clients right now.

Feel free to contact me at 703-304-6827 or email me at doug@dougfrancis.com anytime!

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Doug: (703) 304-6827

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

Office: 703-319-3344
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