“With the healthy increase in contract activity, the spring market in Northern Virginia is well underway. Those good contract numbers make it tempting to overlook some other fundamentals in the market, which are really just about where they were last year. The average number of days a home is on the market before receiving an offer is slightly higher, and the average sales price is actually down just a bit.
For some, retirement is just the next chapter of life — an empty nest and the opportunity to relocate to a place filled with sun, sand and warm breezes. However for others, relocating to warmer climates can make retirement a bit challenging especially if leaving family, friends, the beauty of four seasons and making ends meet on a strictly fixed income.
More than 350,000 updated real estate assessments for 2016 are now available online (and they are being mailed to all property owners). Approximately 55 percent of residential property in the county increased in value over the past year due to equalization, with an average increase of 1.64 percent. Non-residential real estate values (such as commercial) increased 2.87 percent on average due to equalization.