Dear Friends,
The spring real estate market is in full swing in Northern Virginia with a strong bias towards sellers. In Vienna, listings are getting snapped up in less than a week while selling for an average of 2% over the asking price.
Personally, I just had a sale in Vienna that was on the market for 5 days, got over 10 offers, and sold for 23% more than listing price on a $281,000 increase. While inventory remains low, the demand from buyers is still very strong which is pushing keen competition on every sale.
I am pleased to present two new listings going on the market this weekend where we are expecting an equally strong response.
If you are looking to capitalize on this market, please reach out with any questions, concerns, or general thoughts and I would be happy to speak with you.
Best,
Doug
Doug
