Virginia Home Sales Surge in November
According to the November 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), residential real estate sales surged for the month, contributing considerably to an already strong year-end. Year-to-date measures markedly outpaced prior years. Through the end of November 2016, volume (the sum of all transactions) exceeded $34.816 billion, a gain of 7.9 percent from last year’s total of $32.271 billion, and more than 20 percent higher than through the end of November 2014 ($28.688 billion)
Virginia buyers and sellers benefit from strong and stable third quarter housing market Year-to-date...
The Virginia residential real estate market continued year-overyear and long term improvement according to the Third Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Both the total number of sales and the value of transactions rose from the same period last year, to 32,949 units and $10.821 billion, respectively
Virginia Residential Real Estate Market Bounces Back with August Boom
August sales soar on year, rebound from restrained July RICHMOND, Va. (September 26, 2016) – According to the August 2016 Home Sales Report released by...
Virginia Residential Real Estate Market Shows Moderate Decline in Early Third Quarter
According to the July 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), residential real estate sales have slowed from this point last year. Following historical industry trend, July sales descended seasonally from their June peak. Despite a moderate decline in pace and volume for July, year-to-date measures have outperformed 2015. Volume through the end of July 2016 exceeded $22.071 billion, a gain of 5.1 percent from last year’s accumulation of $20.992 billion.
May Proves a Good Month for the Local Real Estate Market
The following analysis of the Fredericksburg, Virginia area housing market has been prepared by the Fredericksburg Area Association of REALTORS® based on analysis of MRIS multiple listing data provided through RealEstate Business Intelligence, LLC (RBI)
Spring sales boost Virginia residential real estate market
The Virginia residential real estate market recorded booming spring sales according to the April 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Bolstering market strength and economic impact, the number of sales, value of transactions, and median price rose markedly from this period last year. In April 2016, there were 9,945 sales recorded for a total volume of $3.23 billion. The value of transactions for this April was nearly ten percent higher than the same month last year, and more than 18 percent higher than in April 2014 ($2.95 and $2.73 billion, respectively). Year-to-date, Virginia residential sales have totaled more than $9.61 billion
Virginia residential real estate market continues growth trend Year-over-year growth contributes to Virginia economy
The Virginia residential real estate market continued year-over-year improvement according to the First Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Indicating sustained long-term growth, both the number of sales and the value of transactions rose from this period last year, totaling 20,771 units and $6.34 billion, respectively. The value of transactions for the first quarter of 2016 was 2.2 percent higher than the first quarter of last year, and nearly 15 percent higher than the first quarter of 2014.
Virginia legislature passes consumer protection home inspection legislation
On Monday, the Virginia General Assembly overwhelmingly passed legislation creating a licensure system for professional home inspectors in the Commonwealth. Senate Bill 453, patroned by Sen. Bill Stanley, R-Moneta, passed the House of Delegates on a 100-0 vote
County Manager Proposes $1.19 Billion FY 2017 Budget
Arlington County Manager Mark Schwartz today previewed for the County Board a proposed $1.19 billion Base Budget for FY 2017 that is balanced and is a 2.8 percent increase above the FY 2016 adopted budget. The manager also proposed that the $6.2 million in higher-than-projected revenues now expected be used to fund a tax rate reduction and more investments
Arlington 2016 Property Values Increase Modestly
Arlington County real estate assessments for 2016 show an overall increase in property values of 2.8 percent over 2015. Residential and commercial property values increased slightly.