The Calvery Connection

JANUARY 2025

🏡 Fairfax County Real Estate Market Report 📊

The Fairfax County real estate market report for December 2024 reveals a median sale price of $1,205,816 for detached homes, marking a 2.5% increase compared to last year. Attached homes have a median sale price of $554,250, up by 3.2%. Homes are selling faster, with a median of 25 days on the market, although this is a 19% increase in time. The sale price to list price ratio remains strong at 99.1%, showing minimal fluctuation from the previous year. Active listings have decreased significantly by 22.6%, while sold listings experienced a slight decline, with 845 homes sold, down by 1.4%.

🏡 Loudoun County Real Estate Market Report 📊

The December 2024 market report for Loudoun County highlights some interesting trends. Detached homes have a median sale price of $1,103,417, reflecting a decrease of 5.2%, while attached homes have seen a slight increase, now at $629,325. Homes are selling quickly with a median of 18 days on the market, 10% faster than the previous year. The sale price to list price ratio is strong at 100%, showing sellers are getting their asking prices. There are 318 active listings, down by 25.7%, but sold listings have increased by 8.1% with 385 homes sold.

🏡 Howard County Real Estate Market Report 📊

The Howard County market report for December 2024 shows a slight rise in the median sale price for detached homes, now at $784,361, reflecting a 0.3% increase. Attached homes, however, saw a small decline, with the median price at $465,815, down by 1.1%. Homes are selling in 24 days on average, a significant increase of 41.2%, indicating a slower market. The sale price to list price ratio remains robust at 99.4%, slightly lower by 0.2%. Active listings have decreased dramatically by 23.1%, and sold listings have also dropped by 4.1%, with 231 homes sold.

When it Comes to Properties, What Does “AS-IS” Really Mean?

Sometimes when a property is listed for sale, it is advertised “As-Is,” but there may be some confusion as to what this term actually means. Some may believe that “As-Is” acts like a magic wand that absolves the seller of all responsibility in a real estate transaction. The reality is more nuanced than that. Here, we will cover some of the basics of what an “as-is” clause actually means and how it may enter a real estate contract.

Coffee with a Cop

Join us at the Chick-fil-a (4905 Executive Park Drive, Columbia) on Wednesday, Jan. 22 from 9:00 a.m. to 11:00 a.m. for Coffee With a Cop! Enjoy a cup of coffee and chat with our patrol and community outreach officers. The event is free and open to all, drop in at any time. We're excited to see you! 

Kids on A Mission: Cupcakes for A Cause

Come join us at Cake Time Bakery for a cupcake decorating class! All proceeds will go to Fairfax Foster Care. If you wish to purchase other drinks and items during the event, a portion of those proceeds will also go towards our fundraiser. If you are unable to attend the event, there is an option to make a donation or be a sponsor instead of purchasing a ticket.

home is where your story begins

Nichole Curtis

Producing Sales Manager

NMLS #1678315

Office: 703.547.7042

Mobile: 703.547.7042

ncurtis@WaterstoneMortgage.com

Habitat for Humanity International is a nonprofit, ecumenical Christian organization. We are dedicated to eliminating substandard housing and homelessness worldwide and to making adequate, affordable shelter a matter of conscience and action. Our ministry was founded on the conviction that every man, woman and child should have a simple, decent place to live in dignity and safety.

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My e-mail address is:
Shannon@ShannonCalvery.com

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