Northern Virginia Is For Lovers (And Real Estate?): November 2006

Posted by Jonathan J. Miller -Monday, December 18, 2006, 8:24 AM
1 Comment

[This market recap on the Northern Virginia from MLS data is compiled by Butch Hicks, a former president of RAC (Relocation Appraisers and Consultants) (that I am a member of), a friend and an experienced appraiser in Northern Virginia. The results of his efforts are published on his web site as a series of charts, each with a brief summary. (As a kid growing up in the Washing DC area, I was barraged by "Virginia is for Lovers" tourism ads, and of course "DC is for US, by George")] -Jonathan Miller

View the charts [BHicks.com]

Here’s a sample of the charts available online.

• The median price paid at the end of November, 2006 was $438,618, a decrease of 4.6% from the same time period 12 months earlier.

• At the end of November, 2006, inventory was 7.4 months, an increase of 85% from one year earlier.

One Response to “Northern Virginia Is For Lovers (And Real Estate?): November 2006”

1. Danilo Bogdanovic says:

   January 2, 2007 at 1:21 PM

   Jonathan,

   Greeting from Northern VA! I grew up in Falls Church and Reston and now reside in Loudoun County. I am also a Buyer’s Agent with a team in the area.

   I found Mr. Hicks’ charts and information very useful. I also have a few blogs dedicated to real estate in general as as well as specifically this area – realdiablog.com, loudounstats.com and ashburnvablog.com (the last one just getting off the ground).

   Being that you and Mr. Hicks are from the area, I would love to get your opinions and input on them.

   I’m glad I ran across your blog (courtesy of Sellsius). I just put it on my google home page and look forward to reading it!