3857 HAVENWOOD PL #69A
ALEXANDRIA, VA 22309
List Price: $169,000
Prior Sale: $267,000 09/21/2007
Listing Date: 12/09/07
-36.7%
3505 ELLERY CIR
FALLS CHURCH, VA 22041
List Price: $449,900
Prior Sale: $698,935 12/27/2005
Listing Date: 12/07/07
-35.6%
9098 PURVIS DR
LORTON, VA 22079
List Price: $500,000
Prior Sale: $742,022 12/21/2005
Listing Date: 12/05/07
-32.6%
5607 LIERMAN CIR
CENTREVILLE, VA 20120
List Price: $569,900
Prior Sale: $813,745 09/27/2005
Listing Date: 12/05/07
-30.0%
2421 HUNTINGTON PARK DR
ALEXANDRIA, VA 22303
List Price: $475,000
Prior Sale: $675,000 03/29/2006
Listing Date: 12/07/07
-29.6%
(See "Same-House Sales" sidebar for more)
Tuesday, December 11, 2007
Fairfax County -- On the Market
Posted by Harriet at 1:37 PM
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15 comments:
Population growth from 2000 to 2006
Loudoun Co. 100,021
Prince William Co. 88,424
Fairfax Co. 46,792
Why did these people not buy before the bubble? Duh, cause we did not live here!
I am sure there is a direct correlation between foreclosures and population growth.
John said:
"Why did these people not buy before the bubble? Duh, cause we did not live here!
I am sure there is a direct correlation between foreclosures and population growth."
But from what I read here, I hear that the "bubble" is everywhere ... What does your not having been in either of these 3 counties before 2006 have to do with not "buying before the bubble"?
I dont think foreclosures are directly correlated to population growth.
If anything I would say that population growth encourages real estate appreciation.
But from what I read here, I hear that the "bubble" is everywhere ... What does your not having been in either of these 3 counties before 2006 have to do with not "buying before the bubble"?
mr lance
i moved to arlington beginning 2002, before that i was in fl at college whilst interning at a couple companies across the country from 2000-2001. when i moved here i had not a cent to my name. it didnt even occur to me that i would be able to buy. i hadnt planned on staying here for long but once i saved for a downpayment of some sort circa mid-2004 i realized that prices were a little too high for what i wanted.
imho, nobody should buy before they're 30. you're not entirely sure what/where you'll be in life and havent settled down or found your place in life yet, plus unless you inherited or had mommy and daddy help, you dont have much of a downpayment saved up.
gt said:
"imho, nobody should buy before they're 30. you're not entirely sure what/where you'll be in life and havent settled down or found your place in life yet, plus unless you inherited or had mommy and daddy help, you dont have much of a downpayment saved up."
I totally agree with you. I've always said buying is not for everyone at all times.
doug,
yes you are right, pop growth encourages realestate appreciation. But here it spured buying for a profit and real estate overgrowth. Then homeowners saw appreciation and then traded up to bigger and better. Those people are now potential victims of overbuying and forclosure. Builders over built which started the glut. Then there was too much supply for the demand.
And now bussiness cannot afford to pay people to come here. A perfect example is Bush's stopping the 12% locality adjustment for the DC area last week. He said the government cannot afford it.
Bush stopped a 12% premium for D.C.? Will people now start getting less money or will only new employees not get it?
Great timing - with wholesale prices (i.e. inflation) highest this month in 34(!!) years.
http://biz.yahoo.com/ap/071213/inflation.html
Stealth4:
Previous poster was incorrect as I understand it. Locality pay still exists as it has for a number of years. There was due to be a 12% INCREASE in the locality pay coming into affect next year--that increase has been shelved. So, for the average DC govie, it works out to your average 3% pay increase roughly.
http://www.washingtonpost.com/wp-dyn/
content/article/2007/12/11
/AR2007121102359.html
mg,
I'm trying to figure out how that article about budget shortfalls plays into the bubble discussion. Local governments love to spend whatever windfalls come in to them (including real estate taxes) and budgets get bloated with the windfall taxes ... until the next downturn in real estate comes around. Then budgets get cut back slightly and other sources for taxes are found to cover the part that isn't cut back(i.e., the major part). But what does any of this have to do with the bubble? The sources of extra taxes can be anywhere ... Could even be a sales tax increase ... Could even be a tax on renters ...
Harriet,
You may want to add this one to the list: FX6608073
Built in 1972, in the Mantua-Frost-Woodson school district.
Sale price history:
02/05 460K
12/05 640K
02/07 480K (sold after foreclosure)
12/07 456K (Listed now, bank owned again)
It will need to fall another $100K for 2003 levels.
Loudon is really going to regret voting for a no-growth board when they get their tax bills over the next few years. Commercial growth and expensive new construction allowed Arlington to avoid a rate increase.
Lance, two words: "Dillon's Rule." The power of localities to tax in the Commonwealth of Virginia is pretty limited. Authority for a tax on renters or a sales tax surcharge would have to come from Richmond. Arlington does have a prepared food surcharge (8.5%) similar to DC (10%).
By the way, Falls Church is a city just like Alexandria, why does it get lumped in with Fairfax County. Let's give some love to Falls Church!!
Bill,
Many areas of Falls Church are in fact part of Fairfax County. The Falls Church city administration is limited to a small area along Route 7 within I-485 and seven corners.
The city portion includes the West Falls Church Metro and the highly ranked George Mason High school. So properties within the city are much more expensive than in the county portion.
Harriet, I see that you had already included the property I listed above in the sidebar. Sorry that I didn't look there.
Exactly, don't bring the people in the real Falls Church down! I do like that George Mason high school or either "Falls Church" metro stops are not actually within Falls Church. There is only room in Falls Church for the illuminati, i.e. the Falls Churchers who run the pan-global economy! They are so furtive that Harriet didn't even know they were there. Conspiracy? I say yes. I hope Ron Paul and Chuck Norris can stop them. Falls Church! Falls Church! Falls Church! Falls Church! Falls Church! Yeaarrggghhhh!!!!
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