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Old 12-02-2007, 07:04 PM
 
1,729 posts, read 365,909 times
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Quote:
Originally Posted by El General View Post
Sales in 20110, Manassas for the first half of 06 numbered 684. Same period in 07==31 homes sold. That's a decrease of 95.4%.
Ouch! [My ex is in 20111 in an estate home that he'll need to sell soon - he's panicked]
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Old 12-03-2007, 08:13 AM
 
Location: Sterling, VA
1,053 posts, read 1,969,647 times
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Quote:
Originally Posted by El General View Post
Sales in 20110, Manassas for the first half of 06 numbered 684. Same period in 07==31 homes sold. That's a decrease of 95.4%.
I don't know the source of your figures, but the MLS shows in 20110 there were 256 settlements between Jan 1, 2007 and June 30, 2007, including condos and townhouses. Of these, 119 were single family detached homes. The same period in 1996 shows 471 sales, 187 were single family detached homes.
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Old 12-03-2007, 08:26 AM
 
192 posts, read 48,180 times
Reputation: 21
My figures come from Saturday's Washington Post, Real Estate Trends: Prince William County. They also showed a 24.5% drop in median price in 20155, Gainesville.
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Old 12-03-2007, 02:19 PM
 
Location: Home is where the heart is
15,400 posts, read 18,983,848 times
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Well there you go. The Washington Post is not the most reliable source of information anymore. They aren't good at catching typos anymore, and the writing has become very amateur. Of course, the real estate section might still be just fine, since that section mostly runs reprints of national stories. But the journalistic abilities of the editorial staff have plummeted in the last year. This summer it got so bad I finally cancelled my subscription.
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Old 12-03-2007, 06:25 PM
 
Location: Reston, Va.
14 posts, read 21,304 times
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I'm a Realtor and it is my practice to change the sign from SALE to Pending Contract after the home inspection is completed which is usually 7-10 days after a contract is ratified. After the Home Owners Association documents are received and reviewed by the buyer (usually 10-14 days after contract ratification) I'll then change the sign rider from Under Contract to SOLD.
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Old 12-04-2007, 03:28 AM
 
1,729 posts, read 365,909 times
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Quote:
Originally Posted by Mr. Mark View Post
I'm a Realtor and it is my practice to change the sign from SALE to Pending Contract after the home inspection is completed which is usually 7-10 days after a contract is ratified. After the Home Owners Association documents are received and reviewed by the buyer (usually 10-14 days after contract ratification) I'll then change the sign rider from Under Contract to SOLD.

By "contract ratification" do you mean closing, or do you mean the accepted offer?
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Old 12-05-2007, 07:16 PM
 
2,672 posts, read 5,280,432 times
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There are quite a few homes in my neighborhood that are still for sale from early Spring. Two years ago houses were selling on one week. Things are VERY bad out there.
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Old 12-08-2007, 10:05 AM
 
192 posts, read 48,180 times
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I did see two "under contract" signs in Manass this week. One, is a beautiful 1938, all-brick cape cod on .45 acres. It was listed at 12% under assessment. Sold in less than 1 month (Old Towne). The other a Wellington 4 BR, with a pool. Sold for 35% less than what it would have brought in 2005. Still, hundreds of "For Sale" signs. Should you jump (in)?
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Old 12-08-2007, 10:08 AM
 
1,729 posts, read 365,909 times
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Quote:
Originally Posted by El General View Post
I did see two "under contract" signs in Manass this week. One, is a beautiful 1938, all-brick cape cod on .45 acres. It was listed at 12% under assessment. Sold in less than 1 month (Old Towne). The other a Wellington 4 BR, with a pool. Sold for 35% less than what it would have brought in 2005. Still, hundreds of "For Sale" signs. Should you jump (in)?
I may know the cape cod, just from the internet. I can't imagine something like that *not* selling instantly in any market. Wonderful. And if anything on Gladstone ever came up for sale ...
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Old 12-09-2007, 01:07 PM
 
556 posts, read 1,887,356 times
Reputation: 135
Quote:
Originally Posted by El General View Post
My figures come from Saturday's Washington Post, Real Estate Trends: Prince William County. They also showed a 24.5% drop in median price in 20155, Gainesville.
That sounds about right for most of the area. I've noticed (not on this site, please don't take offense realtors) that a lot of realtors have been trying to sell us on the "the market already bottomed out" for the past year or so. I feel sorry for the suckers who believed it and even worse for the ones that got swindled with the "ARM" type loans. What a shame.
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