Listings coming onto the region’s housing market the week ending Dec. 18 showed a holiday dormancy, although they were higher than at the same point last year.
That’s according to Bright MLS, which reported that the 597 new listings for the week represented a 19.4-percent drop from the week prior but were up 3.6 percent from a year ago.
By Brian Trompeter
Astronaut Tom Jones, who spent 53 days in space on four Space Shuttle missions, wants the world to know how special that space program was and what it accomplished.
Were Northern Virginia its own independent country – and let’s not give regional leaders any ideas – it would have the world’s 48th largest economy.
That’s according to new figures from the Northern Virginia Regional Commission, which calculates the total annual gross domestic product of the counties and cities comprising Northern Virginia at $276 billion.
The average sales price of single-family homes across Fairfax County bumped up 9 percent year-over-year to stand at more than $1 million in November, while the other two segments of the market posted declines, according to new data.
On the sales front, the 734 transactions recorded for the month represented a decline of 13.7 percent from 850 a year ago, as home-buyers continue to face affordability and availability challenges.
By Brian Trompeter
The cost of golfing, RECenter admissions, pool usage, commercial photography at one park, and riding trains and carousels will increase Jan. 1 following the Fairfax County Park Authority (FCPA) Board’s Dec. 13 approval of a slate of fee adjustments.
After falling below $1 million in September for the first time since last winter, the average sales price of single-family homes across Fairfax County was back in seven-digit territory two months running and stands at its highest point in four months.
That’s according to new data reported by MarketStats by ShowingTime based on listing activity from Bright MLS, as analyzed by the GazetteLeader.
By Brian Trompeter
Fairfax County Public Schools (FCPS) has about $6.1 million more than projected at the midpoint of fiscal year 2024, and will put about half of that toward next year’s budget and the rest toward security cameras, expedited background checks and other initiatives.
The key issue of Northern Virginia’s 2024 real-estate market could be the same as that of 2023 and 2022 before it – a lack of inventory that will bedeviled prospective purchasers.
“How low can it go? We expect inventories are going to get even tighter. Maybe another 20, 25 percent,” said Terry Clower, director of the George Mason University Center for Regional Analysis, during a 2024 real-estate preview hosted Dec. 13 by the Northern Virginia Association of Realtors.
By Brian Trompeter
Fairfax County’s multifaceted environmental efforts are bearing fruit, but the battle is far from over, the director overseeing those initiatives told the Board of Supervisors’ Environmental Committee on Dec. 12.
The man behind Divan in McLean has been sentenced to nearly five years in prison for failing to pay taxes and stealing COVID-19 relief funds — including money used to establish the Persian restaurant.
Gholam “Tony” Kowkabi, 63, of Vienna was sentenced by a federal judge on Monday (Dec. 18) to 57 months in prison after pleading guilty on Aug. 14, the U.S. Attorney’s Office of D.C. announced.
