Owners Optimistic About Home Values

More than 16 percent of home owners say their houses increased in value during the past year, the highest percentage in nearly two years, according to a Thomson Reuters/University of Michigan survey.

While 75 percent of home owners viewed current home-buying conditions as good, citing attractive prices and low mortgage rates, about 89 percent thought market conditions for selling a home were poor. While still an overwhelmingly negative number, it was still better than the results of the May 2009 survey when almost 100 percent of home owners panned the climate for sales.

Some 43 percent of home owners said their home decreased in value during the past year. Nevertheless, home owners believe their homes will ultimately rise in value, with the average annual anticipated gain over the next five years at 2.1 percent.

Source: Reuters News, Julie Haviv (05/21/2010)

  • Sell Your Real Estate Fast and For The Best Price

    [Learn More] Will Nesbitt Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty…

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  • Read your contract carefully

    Aubrey Nesbitt
    Read Your Contract Carefully Many renters barely even skim their rental agreement before signing their name at the bottom. Most renters are primarily concerned with the monthly charges, one time only fees, required deposits and other financial matters. Once they verify this information is accurate according to their conversations with the leasing agent, they often…

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  • Buying Unfinished Homes

    Julie and Will
    Unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If you buy an unfinished home, you can keep your monthly mortgage payment low and also lower your initial investment. You may also be able to buy a larger foundation size as well, which…

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  • 10 Ways To Find Investment Properties in Arlington

    Business as usual for Stuart
    If you really want the best deals in investment properties, you have to increase your odds by finding more deals. Who is more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten: 1.…

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  • Best House Color to Sell in Arlington VA

    Arlington
    Love at first sight happens every day in Arlington real estate. So, what is the best house color to make a potential buyer become a love struck buyer? Will Nesbitt Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those…

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Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Now is the Time to Buy, Investment Firm Says

When you compare the real estate downturn to the real estate market in the 1980s, Blumberg Capital Partners, which provides real estate investment management, finds similarities that lead the company to think now is an optimal time to buy.

Its analysts point out that the recession of the 1980s lasted 16 months, running from July 1981 to November 1982. Unemployment peaked in November of 1982 at 10.8 percent. From that point it took 38 months for the economy to recover fully and for unemployment to fall below 7 percent. It was another 10 months before unemployment was consistently below 7 percent.

Philip Blumberg, CEO of Blumberg Capital Partners, said in a note to investors that the real estate cycle is still three or four years from an optimal selling period, so now is the time for investors to buy.

Source: Blumberg Capital Partners (05/19/2010)

  • Inlet Cove is near Fort Belvoir and Potomac Mills

    Inlet Cove outside Belvoir
    Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene Aubrey Nesbitt Aubrey Nesbitt is a native of Northern Virginia who attended Virginia…

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  • Pending Home Sales on an Upswing

    home inspector
    Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…

    Read More

  • A Good Time to Buy a High-End Home

    Station Square
    Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…

    Read More

  • Looking for the big price drop?

    arrow down
    If you love price drops we have good news. NesbittRealty.com now features the biggest and most recent price drops on area real estate. We have condos, townhouses and houses all with big price reductions. These HOT properties will attract a lot of attention so contact us to take a closer look. In general we look…

    Read More

  • Who is today’s homebuyer and why are they buying?

    Nesbitt Realty 703 765 0300
    The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…

    Read More

Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

National Musuem of Natural History

Smithsonian Institution
Museum of Natural History in Washington DC

The National Museum of Natural History (NMNH) is part of the Smithsonian Institution, the world’s preeminent museum and research complex.

The Museum is dedicated to inspiring curiosity, discovery, and learning about the natural world through its unparalleled research, collections, exhibitions, and education outreach programs. Opened in 1910, the green-domed museum on the National Mall was among the first Smithsonian building constructed exclusively to house the national collections and research facilities.

Julie at Natural History Museum
Julie at Natural History Museum
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Kayaking the Dyke Marsh

Julie and I rented a tandem kayak at Belle Haven Marina and tooled around in the Dyke Marsh and in the Potomac.

Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Arlington Price per Sqft. Show Minimal Decline

Arlington  average price per square foot

The chart above plots the price per square foot of 1 Bedroom condos in 22201 vs. all Arlington over the past year. While there has been some decline, the change is almost statistically insignificant. The chart below shows little change in 2 BR’s in the same area.

Arlington average price per square foot

Properties in 22201

Will Nesbitt
Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Crystal City condo market in transition

The Market Activity Index in Crystal City continues show sawtooth pattern. This pattern often indicates tension between sellers who want to move property but who are not willing to dump property at lower prices.  At the same time buyers are moving swiftly to snag deals, indicating we are near the bottom, or at least in a period of transition.  The days on market fell dramatically, and this means that real estate is selling again.

The chart was drawn from the past 180 days of condo activity in 22202 zip code.

Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Census: More People on the Move in 2009

Americans stayed put for about a year after the housing bust, but now they are back on the move, according to U.S. Census figures. US Census Bureau

About 12.5 percent of the population, or 37.1 million people moved to a new home in 2009, up from 11.9 percent or 35.2 million in 2008, the census found.

About 25 percent of adults ages 25 to 34 moved in 2009. That’s up slightly compared to 2008, but down substantially from 32 percent in 2000. Older Americans also stayed where they were with long-distance migration falling to below 2 percent for people older than 60.

“Overall, there is nothing here that suggests a light at the end of the tunnel in the continued slowdown of long distance migration in the U.S.,” said William H. Frey, a demographer at Brookings Institution who analyzed the numbers. “States and communities hoping to see renewed migration gains in college graduates, retirees and families as a spark to their economic growth will continue to be disappointed.”

Source: The Associated Press, Hope Yen (05/10/2010)

  • Inlet Cove is near Fort Belvoir and Potomac Mills

    Inlet Cove outside Belvoir
    Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene Aubrey Nesbitt Aubrey Nesbitt is a native of Northern Virginia who attended Virginia…

    Read More

  • Pending Home Sales on an Upswing

    home inspector
    Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…

    Read More

  • A Good Time to Buy a High-End Home

    Station Square
    Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…

    Read More

  • Looking for the big price drop?

    arrow down
    If you love price drops we have good news. NesbittRealty.com now features the biggest and most recent price drops on area real estate. We have condos, townhouses and houses all with big price reductions. These HOT properties will attract a lot of attention so contact us to take a closer look. In general we look…

    Read More

  • Who is today’s homebuyer and why are they buying?

    Nesbitt Realty 703 765 0300
    The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…

    Read More

 

Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Riverside Camping at Riverbend Park

Families can enjoy camping and night hiking at Riverbend Park. Riverbend Park has over 400 acres of forest, meadows, and ponds. Trails include a 2.5 mile portion of the Potomac Heritage Trail linking national and regional parkland. Kayakers and canoeists can enjoy exploring many islands in the Potomac River. Serious anglers and families can bring a boat or fish from the shady riverbank. Nature highlights include spectacular river views, beautiful wildflowers and birds.

Facilities include a visitor center with snack bar, gift shop, exhibits and riverside picnic area. The park also has a nature center which is available for rent.

Camping will began at 6 p.m. Friday to 9 a.m. Saturday on May 15th. Bring your camping gear, toasting sticks and a dinner to cook on toasting sticks. S’mores and a light breakfast are provided. The cost is $45 per family. To register, call 703-759-9018.

  • Good Shepherd Housing and Family Services

    Fairfax County
    Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…

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  • Mistake 4: Acting too picky.

    We help buyers and sellers.
    While you should narrow down what you want and you list features most important to you, don’t be so inflexible that you make it impossible to find a home. If you’re too picky, you may have to continue renting when you could own a home. Be willing to compromise on some of the less important…

    Read More

Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.

Biking the Mount Vernon Trail

Julie and I rented bikes in Old Town last week. We then biked the Mount Vernon Trail to Mount Vernon and back.  The trail here is pleasant with some ups and downs that can be a little challenging, but not too tough.  The views along the river and through the forest are great. Along the way the trail passes through the Dyke Marsh. We stopped there to take some pictures and drink some water.

 

Will Nesbitt is the principal broker of Condo Alexandria.

Will Nesbitt is the principal broker of Condo Alexandria.
Will Nesbitt is the principal broker of Condo Alexandria.
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia.

Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey’s Defense Language Institute. He is also a “veteran of the dotcom wars” and built most of the sites associated with NesbittRealty.com

Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late ’90’s, and Arthur’s Realm, a boardgame available at the Gamecrafter.