Each month, the Housing Opportunities and Marketplace Experience (HOME) survey tracks changes in customer views regarding the housing market. With HOUSE being launched in the first one fourth of 2016, we can now evaluate what consumers are thinking about trends within real estate in the last year.

Across the board, consumers felt that will home prices increased in the last season and each quarter was better than the prior to sell a home. Specifically, in Q1 of 2016, 50 percent of consumers declared that home prices had increased within the last 12 months. That figure jumped as much as 60 percent of consumers in Q1 of 2017. About 45 % of respondents in 2016 sensed that home prices would always go up in the next six months. That number furthermore increased to 51 percent of consumers within Q1 of 2017. In Q1 of 2016, 56 percent of shoppers felt strongly that now is a great time to sell a home. That figure furthermore jumped up to 69 percent of shoppers in Q1 of 2017.

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On a positive note, consumers’ see of the economy has also improved within the last year. In Q1 of 2016, just under half of all respondents sensed that the economy was improving on 48 percent. In Q1 associated with 2017, that number jumps up to sixty two percent of consumers that feel the economic climate is improving. This sentiment will be most strongly felt by customers 54 years and younger. The particular Northeast was the least likely to have the economy is improving and had been consumer sentiment consistent across countryside, suburban, and urban areas. Home owners would be the most optimistic on the outlook from the economy compared to renters and those that will live with someone else.

Whilst there was a dip in customer sentiment on whether now is a great time to buy a home from Q1 (75 percent) to Q4 (70 percent) in 2016, consumers’ view that will now is a good time to buy slightly rebounded to 72 percent in Q1 of 2017. The sentiment that will now is a good time to buy increases along with age and income. The Western region was the least likely to believe that now is a good time to buy and the more than likely to feel that now is a good time to market. Renters were the least optimistic that will now is a good time to buy.

Properties in Del Ray

1801 Dewitt Ave #E

Own your own part of Del Ray with this renovated, garden-style condo in the heart of the neighborhood. 2nd floor unit has sunlight filled living room, kitchen, and bedroom. Community balcony access off hallway. Washer and dryer(no fee) and storage area in building. Off-street parking included, plus easy walk to Braddock Metro. Just 1-2 blocks to grocery, park and Mt Vernon Ave shops & restaurants. [Alexandria Square - $212,000]

2314 Potomac Avenue

Stunning 4 level Town Home in Prestigious Potomac Yards. All new 3/4" HICKORY HARDWOOD Floors in Great Room, Kitchen and Landings. Gourmet Kitchen with Top of the Line Stainless Appliances, incl. wine frig. and Granite counters Exterior is Brick front/Hardiboard in rear .Short dist to Giant, Target + fine dining! Upper level feature 2 sided gas fireplace/ large deck,full luxury bath/tower shower. [Potomac Yards - $922,500]

1103 Beverley Dr

AMAZING Madison model completely renovated, 930 sqft of open spaces, wall of windows. Spotless & feels like a single family home w/ picturesque views. Flooded w/ natural light throughout, very cheerful & bright! PRIVATE Parking lot for this side of the complex, so no need to fight for street parking. Condo Fee Incl. Water/Sewer/Trash/Gas. Pools & Tennis. 1 mile to Shirlington shops & nightlife! [Parkfairfax - $299,900]

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.

https://youtu.be/0HW7AZFCBIc

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.

Real Estate

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