Doug Francis | Realtor

  • About Doug
  • Services
  • Sell Your Home
  • Case Studies
  • Get Started

Two Real Estate Markets in One

May 21, 2010 By Doug Francis

Northern Virginia home buyers looking to move to Vienna are witnessing an interesting spring real estate market in May. Well, at least I find it interesting because detached homes in the $530,000 range are seeing one market while the $1,000,000 plus range is seeing another.

Nielson's Frozen Custard Shop, Church Street, Vienna VA 22180

Nielson's Frozen Custard on Church Street

Last weekend, a RE/MAX Presidential team colleague put a 1960’s Town of Vienna home on the market at $539,900 and had seven (7) offers! Yes, even without the “home buyer tax rebate program”, people know that living in Vienna is valuable. Obviously the schools are good and commute times are decent, but the unique sense of community is the key with the W&OD Bike Trail, Concerts on The Town Green, The Vienna Farmers’ Market, and Memorial Day Weekend’s Viva Vienna festival!

Maybe it’s Nielson’s Frozen Custard Shop?

On the other hand, people wanting to move to Vienna in the $1,000,000 price range have ninety four (yes, 94) homes for sail sale to look at! And having represented some buyers in this price range recently, I know that there is negotiating room. If you want to talk about the real estate market then send me an e-mail or call me. See some of the stats that I posted recently for a couple of Vienna zip codes on the Vienna Home Blog.

This sharp contrast between the two price ranges is a pattern that I have seen over the past year. Higher-end buyers were impacted by the lack of credit available for loans in the “Super Jumbo” category last year, but mortgage guys that I know (from reputable banks) can now get these loans done up to $2,000,000.

That’s what I love about the real estate business!

When you are going into “battle” against six other real estate offers then you will need one negotiation strategy, and if you are in the higher end market then you will need another. If I didn’t like the competition involved in this business, then I wouldn’t still be doing it after 19 years.

Related articles by Zemanta
  • Bike and Hiking Trails in the Metro DC Region (dougfrancis.com)
  • “Almost” Home Buyers – Restrain Yourself! (dougfrancis.com)
  • Bad News for Vienna Real Estate (dougfrancis.com)
  • Vienna home is a deal close to the W&OD Bike Trail! (dougfrancis.com)
Share this with a friend...Share on FacebookTweet about this on TwitterShare on LinkedInPin on PinterestEmail this to someone

Filed Under: Blog, Home Buyer Tips, Living Here Tagged With: buyer agent, home buyer, real estate, Town of Vienna, Vienna, Vienna Farmers Market

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

https://youtu.be/ClqEIV1zoQg

Planning to sell your home?

Case Studies

Listing Case Studies Continue Reading

Thinking of Moving?

If you want to talk about your house and getting it ready for the market then let's set up a time to talk. Even if it's a second opinion, it's okay. Start here.
  • This field is for validation purposes and should be left unchanged.

Have a question?

Homeowners: Add a level of privacy

name withheld by request

Privacy: Remove your name

Looking for testimonials?

Read through a collection of client comments originally posted on Zillow, Google and Trulia. See what my clients say...

Looking for a Custom Home?

Insights into New Homes in Vienna VA

Real Estate Offers | What’s In and What’s Out

Changes in Latitudes Attitudes This story may sound slightly made up, but the 2022 real estate market across Northern Virginia was full of fast-paced drama which is still kind of hard to picture. The brakes weren’t just tapped… they were slammed! Or to create a picture for you, we went from a wild Category 5 […]

“Doug nailed it! Within days, we had three offers, one of which not only met, but far exceeded all of our goals.”
– R. Pollard

“He truly was a partner integrating us unto the community and made it easy for us to take advantage of all Vienna has to offer.”
– A. D’Eredita

“We are so thankful we found Doug to guide us through the complex home selling and buying processes!”
– Scott and Jennie

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!

Search for a subject

Contact

Doug: (703) 304-6827

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

Office: 703-319-3344
Why do people hire me?

Search for homes in Vienna

Vienna Real Estate Guide

Doug Francis Vienna Real Estate 2021
This material can only be used with written permission.

Equal Housing Opportunity

 

Copyright © 2023 Doug Francis · Minimum Pro Theme on Genesis Framework · WordPress · Log in