Doug Francis Real Estate

  • Meet Doug
  • How I Sell Your Home
  • Case Studies
  • Let’s Connect

Vienna Real Estate Trends ~ Summer 2014

By Doug Francis

Vienna VA real estate trends summer 2014

This is a two year chart showing a new market trend. Source: RealEstate Business Intelligence

(See updated chart below)

After listening to Janet Yellen discuss Fed policy and views on the health of the economy, I took a fresh look at what the Vienna real estate stats were showing me.

Now, ever since I took statistics at Boston University, I understand that interpreting those numbers is in the eye of the fortune teller expert discussing them.

Take a quick look above where I have pointed out that homes for sale (aka new listings) are exceeding homes with contracts (all pendings). There is a increase in the spread over the recent two month period, and as we go into the summer months that spread will remain because that is what I am seeing and hearing from local Vienna agents. The stats in Loudoun County are even more dramatic!

The local real estate market really hasn’t seen a long-term “buyer’s market” in years, and that’s what these numbers represent. Essentially, buyers now have more homes to choose from.

Also, once again I am seeing mortgage rate fatigue where home buyers feel no sense of urgency because rates appear low and may get a little lower.

Meh…

Talk with your lender about the current deviation in pricing between conforming mortgage rates vs. jumbo mortgage rates because last week the jumbo rates were lower than conforming. By sitting down and crunching those numbers the strategy you had a month ago may need retooling.

My recommendation: don’t squander this opportunity

House price appreciation predictions are kind of like forecasting the S&P 500… everyone hopes you have a better crystal ball.

What I see here in Vienna and most of Northern Virginia is a future of above average appreciation especially if you have a five year or more horizon. Factors include a more diverse employment  picture (not just government jobs) and considerable infrastructure improvements like the Silver Line and new buildings in Tysons Corner and Reston. The Town of Vienna has a high bond rating and impressive national reputation thanks to Money Magazine.

The economic base is pretty solid and the demand for housing here is going to continue to increase.

Yes, it comes full circle to that 1926 Chicago Tribune ad: Attention salesman, sales managers: location, location, location, close to Rogers Park.

Let’s track the data

I really don’t want to keep you hanging, so, below is a chart that will automatically update every month from the snapshot above thanks to the good folks at RealEstate Business Intelligence in Rockville. If my forecast is accurate then home buyers should really understand that they are looking in a unique period of time especially since our real estate market can change demeanor in just a few weeks. Yes, the market of the market can turn on a dime!

This Vienna real estate chart updates monthly

Filed Under: Blog, Home Buyer Tips Tagged With: Home Buyer Tips, real estate, Vienna Virginia

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!

Considering selling your home?

https://youtu.be/0ZSodCtsfkY

Just Sold!

Plum Street home with swimming pool

Looking for a house with a pool in Vienna, VA?

Sold!

https://vimeo.com/1003798838?loop=0

Planning to sell your home?

Case Studies

Continue Reading

Have a question?

Homeowners: Add a level of privacy

name withheld by request

Privacy: Hiding 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
Staged kitchen for real estate marketing

Here’s my home seller checklist… imagine you’re Getting Ready to Sell

Getting started is the hardest part for many clients. My Vienna home seller checklist will help you get the ball rolling today.

“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'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!

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

This material can only be used with written permission.

Equal Housing Opportunity

 

Copyright © 2025 Doug Francis · Minimum Pro Theme on Genesis Framework · WordPress · Log in