Autumnal cooling occurred across the local region’s homes market for the week ending Oct. 15.
That’s according to Bright MLS, which reported that the 1,112 new listings represented a decline of 9.4 percent from a week before and were down 14.4 percent from a year ago.
Sales were down year-over-year owing to affordability and availability issues across Fairfax County, but those homes that did sell in September moved quickly from listing to ratified contract, according to new data.
Despite the briskness, the sluggish market resulted in a 20-percent year-to-year drop in overall market volume for the month.
It may not be an indication that a bubble is about to pop, but for the first time in six months, the average sales price of single-family homes across Fairfax County fell below $1 million in September.
The dropoff between August and September was 11 percent, with the average sales price of the 385 single-family homes going to closing last month standing at $993,138. In August, the average had been an all-time high of $1,122,304.
By Brian Trompeter
The future Tysons Community Center received some vital backing Oct. 10 when the Board of Supervisors authorized the Fairfax County Economic Development Authority (FCEDA) to sell up to $43 million worth of revenue bonds to support construction of the facility and part of its parking costs.
By Brian Trompeter
A proposed Mars Inc. headquarters expansion and redevelopment in central McLean received a unanimous positive recommendation to the Board of Supervisors from the Fairfax County Planning Commission following an Oct. 11 public hearing.
By Brian Trompeter
A special grand jury on Oct. 12 indicted a former Fairfax County police officer on charges of involuntary manslaughter and reckless discharge of a weapon in connection with the Feb. 22 shooting death of an unarmed shoplifting suspect outside Tysons Corner Center.
By Brian Trompeter
Twenty local notables who have contributed to the community for years received their due Oct. 3 as Fairfax County supervisors honored them as Lords and Ladies Fairfax.
Fairfax County is ramping up its efforts to help homeowners’ associations and other resident groups bring electric vehicle chargers to their communities.
The county’s Office of Environmental and Energy Coordination is now accepting applications for the second phase of its Charge Up Fairfax pilot program, which provides technical and financial assistance to organizations looking to add charging stations in common areas.
Any future buildings constructed in the heart of Vienna will get a little more vertical wiggle room under the town’s impending new zoning code.
Slated for adoption right on schedule at the town council’s meeting next Monday (Oct. 23), the first comprehensive rewrite of Vienna’s land use regulations since 1969 will introduce a few new uses and simplify the zones and districts that guide development.
(Updated at 1:20 p.m.) Former speaker of the Virginia House of Delegates Eileen Filler-Corn announced Wednesday she will seek Virginia’s 10th District seat in the U.S. House of Representatives next year.
The 10th District is currently represented by Democrat Jennifer Wexton, but she announced in September she will retire at the end of her current term after being diagnosed with a rare neurological disorder.
