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Phone: (703) 624-3270
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All Blog Entries by Jay Seville

There are currently 90 blog entries published by Jay Seville.

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Overpriced Condo Alert -- How to Decide How Much to Offer on an Arlington Condo in Clarendon

Sunday, August 29th, 2010 at 8:58pm. 147 Views, 5 Comments.

How Do You Decide How Much to Offer on an Arlington Virginia Condo

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Crunching the Numbers on a Clarendon 1021 Condo in Arlington Virginia  -- from $475,00 List Price to a $410,000 offer

 

 

Due to technical problems the video is temporarily not showing up correctly so click here to view video on how to decide how much to offer on an Arlington Virginia condo in Clarendon.

Transcription on the Deciding How Much to Offer on an Arlington Condo Video

How we go from a $475,000 list price to an offer of $410,000 and set a max price for ourself of $420,000. Hi I’m Jay Seville, the owner of JustNewListings.com Realty and I thought I’d do something a little different today and that is take a couple of the most recent Arlington, Virginia condo listings and…


Guest Post -- If Miami Condos are Indicator Then Housing Market is Recovering

Thursday, August 26th, 2010 at 10:52am. 48 Views, 0 Comments.

Are Miami Condos for Sale Prices Going Up?

The question that I get asked most often as a Realtor is "do I think prices are going any lower?". We are in the middle of an economic recovery and although there exists some possibility of a "double dip" I think that for those parts of the country where prices have fallen the most (California, Vegas, Phoenix, Miami) prices of "affordable" properties have hit bottom and have already started to head higher.

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Foreign Investors and Miami Florida Condo Listings Sales

I specialize in Miami condo sales and I can say that prices would have fallen a lot further had it not been for the increase in Latin American wealth coupled with the decline of the US dollar. Europeans and Latin Americans view Miami as a…


Latest Real Estate Listings for Great Falls Virginia and Breaking Down a Foreclosure

Friday, August 20th, 2010 at 4:35pm. 181 Views, 0 Comments.

The Latest Great Falls Virginia Real Estate Listings and Foreclosures

This will be the start of a new series on Great Falls Virginia real estate listings and foreclosure listings that come on market each week.  Confession: this first one is too long.  But I'll be shorterning them in the future.  There is a lot of info and analysis in this video and anybody considering high end purchase will benefit from viewing.

Also we will take one of the listings to run numbers on for the sake of demonstrating how to arrive at what your initial offer price would be in making an offer on a Great Falls VA home for sale.  This will develop the eye or vision of an aggressive selling agent aka known as buyer agent.  It is far too easy to overpay in Langley High School…


The Slowest Real Estate Sales of All? Great Falls Virginia.

Wednesday, August 18th, 2010 at 9:12am. 208 Views, 0 Comments.

The Slowest of All Real Estate Listings in Northern Virginia is Great Falls VA

In writing a piece on Arlington county real estate sales comparing zip codes to each other I noticed that Fairfax County and especially Prince William county listings were selling much more quickly in terms of days on market (DOM).  I suspected the slooooowest sales of all would be Great Falls Virginia real estate listings.  Sure enough my instincts were correct.

days on market great falls virginia

200% Longer to Sell Great Falls Virginia Real Estate

The days on market using past 3 months of data demonstrate an extreme contrast or disconnect of homes sales in Great Falls versus the rest of Northern Virginia.  Is this alarming and saying something negative aobut Great Falls real estate?

No.

The big $$$…


Where Do Homes Sell Fastest in Arlington Virginia Real Estate and Northern Virginia?

Tuesday, August 17th, 2010 at 8:38am. 151 Views, 1 Comments.

Comparing Days on Market Data for Arlington Virginia Zip Codes

Often people contact me to find a home in Arlington Virginia real estate.  Most tend to be focused on school districts or proximity to the orange line metro corridor.  Frequently a question I get is about resale value and how well the homes in that area can be sold later--i.e. how long it will take to sell.  Let's look at that issue taking the average days on market for the past 4 months for the Arlington Virginia homes for sale.

days on market arlington virginia

Where Do Homes Sell Most Quickly in Arlington Real Estate?

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Comparing How Fast Homes Sell in Arlington Real Estate Listings

While this is not a sceintific analysis, it legit in that it took 4 months of sales to determine numbers.  It would be better go YTD --…


Summer Slow Down for Great Falls Virginia Real Estate

Friday, August 6th, 2010 at 9:55am. 197 Views, 1 Comments.

New Great Falls Virginia Real Estate Listings Drop Significantly in Summer

As I have several clients buying homes in the Great Falls Virginia real estate market my fingers are on the pulse of the marketplace.  I run comps regulary for different Great Falls homes for sale and monitor the latest listings with the intention of being the first buyer to view the new listings so we can negotiate without competing offers.  This means manually checking for new Great Falls VA homes for sale daily.

One thing I've noticed in particular is that the new listings have been decreasing each month and we are frustrated at the lack of new homes to view.

 

Graph of New Great Falls homes for sale entering marketplace

great falls real estate slowdown in listings 

Is this trend anything dramatic or…


funny Baby Felicity Comments the 2010 Astroturf Arlington Virginia Real Estate Market - video

Wednesday, July 7th, 2010 at 8:42am. 125 Views, 0 Comments.

Felicity Comments on the 2010 Northern Virginia Real Estate Market

 



 

 


Crazy Video Market Update on Great Falls Virginia Real Estate Market #!#@#!@

Tuesday, July 6th, 2010 at 2:42pm. 166 Views, 0 Comments.

The Latest and Greatest of Great Falls Virginia real estate market listings

If you're not into reading and viewing the graphs in the earlier blog post on the real estate market in Great Falls Virginia then this quickie video with college football briefly thrown into the mix for good measure will get you up to speed as a consumer and the enonomic forces at play.

Market Udpate Video on Homes for Sale in Great Falls VA

 

 

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The 2010 Bump for Great Falls Virginia Real Estate

Friday, July 2nd, 2010 at 8:12am. 316 Views, 0 Comments.

Great Falls Virginia Real Estate Bumps Up in 2010

Great Falls Virginia homes for sale are the most expensive in Northern Virginia.  There are some amazing estates there.  But it is interesting that just around corner can be a old dilapidated house as well.  But for the most part homes are big and come with lots of a half acre and greater.

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The big question is whether all these gains were astroturf--manipulated by the tax credit and very temporary--or real and indicative of a true market shift.  As a broker who mostly works with buyers negotiating prices down I'm a cynic and skeptical.  Each purchase and assessment on homes my clients are interested in is case by case though.  With so many homes under contract I'm not the typical desperate agent, but…


The Big Picture on 2010 Northern Virginia Real Estate Market homes for sale Arlington Virginia

Tuesday, June 15th, 2010 at 11:23am. 820 Views, 3 Comments.

2010 Northern Virginia Real Estate Market Goes Wild

 

 

Northern Virginia real estate data for Fairfax, Arlington, Clifton, Alexandria, Falls Church and Vienna

The big picture on Northern Virginia market are the following:

  • months supply is down another 11% to 3.94 months--crazy low! 
Below 5 or 6 and the market is unbalanced.  That is why there are so many multiple offer scenarios when writing contracts to purchase northern virginia homes for sale in Fairfax county area and beyond
  •  DOM (days on market) is down 47%.

It takes about half as long to sell a home than it did a year ago.

  • median sales price is up 7.73% and average sales price is up 10.43% for the area

Arlington Virginia Real Estate homes for sale 2010 market data

These…


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