Real Estate in Northern Virgina soars to new heights!
(PRWEB) August 3, 2004 -- Whether you are looking for city life or the rolling hills of the countryside, Northern Virginia offers it all. Close to Washington D.C. there is much history and culture as well as a strong economy and beautiful neighborhoods. If you want to tour the White House, walk down the streets of Old Town Alexandria or hike in the Catoctin Mountains you are only a short drive away.
In the past year, real estate in Northern Va has skyrocketed! The average price of a home has increased 24% since this time last year. Credit that to the fact that over 100,000 new jobs were created last year in the Metropolitan D.C. area, with 84,000 of those jobs being in Fairfax County alone. So what, your're thinking? Well, only 25,000 new homes were built. See the problem? There simply are not enough homes to support these new people. And many more jobs are expected to be created in the area within the next ten years.
So what does that mean to the average homeowner in Northern Virginia? You can ask top dollar for your home and expect to get it. As for the buyers, it simply means getting creative with your contracts and simple patience.
Experts agree that the market in the Metropolitan D.C. area is going to remain hot despite the slight increases in interest rates and price increases in new home constructions. Its a great time to either sell your home or buy one since it will still appreciate.
If you would like more information, please contact me through my website or at julie@weichert.com
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