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SunGazette
VOLUME 36 NO. 22
G R E AT FA L L S • M c L E A N • O A K T O N • T Y S O N S • V I E N N A
JANUARY 22, 2015
Real-Estate Pros Project Healthy Upcoming Year for N.Va. Market
GOING TO THE HOOP!
DAVE FACINOLI and SCOTT McCAFFREY Staff Writers
Potomac School’s Grant Robinson tries to drive around Javin Montgomery-Delaurier of St. Anne’s-Belfield during a Jan. 17 boys high school basketball game in McLean. Robinson scored 32 points and made four three-pointers in his team’s 78-63 loss. For a game story, see Page. 20. PHOTO BY DEB KOLT
With a mixed year for real estate – sales down, price up – now in the rear-view mirror, many top real-estate professionals across the local area are predicting 2015 will be an improvement. “Homes in certain areas inside the Beltway are likely going to appreciate at a higher rate than 4 percent, and the areas near the Silver Line have a flurry of investor activity, driving prices upward,” said Joan Stansfield of Keller Williams Realty, one of a large number of local real-estate pros who prognosticated the future for the Sun Gazette’s Winter Real Estate Guide, included with this week’s edition. The mood was one of cautious optimism. “Everything is working to be a very strong market for sellers, with gas prices down and so many other factors,” said Casey Margenau of Re/ Max Distinctive. Dee Murphy of Long & Foster said the 2014 market was hobbled by a rough win-
ter of 2013-14, which “threw off the rhythm of the market for the whole year.” “Things that usually happen in March didn’t happen until May,” she said. Both in Fairfax County and across Northern Virginia as a whole, sales were down from 2013 to 2014, but average sales prices continued to rise. For the Northern Virginia Association of Realtors’ coverage area – Arlington, Alexandria, Falls Church and Fairfax County – the average sales price of $552,139 for 2014 was up 2.2 percent from $540,139. That’s a new record, although it represents the smallest rate of growth in five years. Modest growth may be the norm in 2015, too. “I think resale prices incrementally will rise, maybe 2 to 3 percent, inside the Beltway for sure,” said Dean Yeonas of Yeonas & Shafran Real Estate. “Single-families inside the Beltway at the million-and-under price point is the hot spot. Condos along the Orange Line will do well, and anything under a million for townhouses will also do well.”
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