Ignite FB Tracking PixelInsight about the current Virginia real estate market for Fit Small Business - Cary Garcia

Insight about the current Virginia real estate market for Fit Small Business

by Cary Garcia 11/30/2018


Third quarter data indicates a fluctuation in the Virginia real estate market. According to the S&P CoreLogic Case-Shiller Home Price Index, the average home price rose by 5.8% on an annualized basis, following a 6% increase in July and a 6.2% increase in June. The number of sales across the Northern Virginia region fell in September by 12%.

This data included the counties of Arlington, Fairfax, the cities of Alexandria, Fairfax and Falls Church as well as Vienna, Herndon and Clifton. Even with the percentage of sales dropping from the same time last year, prices continue to rise with an average sales price of $573,555 in September 2018, a 3.6% from 2017. (Source: Northern Virginia Association of Realtors)

In the spring and early summer, when the market remains the most active, there was a limited supply of properties consumed by high level of demand. And while high demand and low supply normally means higher home prices, most buyers don’t have the resources to qualify for a mortgage, especially with increasing rates, which reduce their buying power. All these factors affect the number of home sales.

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About the Author

Author
Cary Garcia

Marymount University - BS Finance

Georgetown University - Master's Real Estate

Associate Broker

Northern Virginia Association of Realtors ® Top Producers Club

  

Finding a real estate agent is easy. Finding a skilled agent is the hardest…What separates me from other real estate agents is my extensive knowledge of contract law and the market data of the region. You need an agent who understands the legality of the contract by enforcing the terms of the offer as well as all of the contingencies, addendums and disclosures. Before signing the offer, I will thoroughly explain the contract in detail, so you understand what you are committing to.I bring an expert’s perspective to help buyers and sellers make the right decisions. Because I understand the legal and highly emotional aspects associated with real estate transactions, I am able to provide expert guidance to help you make informed and educated decisions. In addition, I’m very skilled at project coordination. With so many people involved in the home sale process, I know how to create satisfying resolutions and make the process go as smoothly and successfully as possible.

My real estate business has the “clients for life” philosophy where I strive to excel in every aspect of my business, continually reinventing myself as I find better ways to achieve my clients’ goals. I’m constantly learning and reviewing my business, systems and processes, and asking myself: How can I improve my level of service to my clients?

My expertise encompasses all housing types, including co-ops, condos, single-family homes and multi-unit buildings. I welcome first time homebuyers, owners wishing to sell their homes, trade up or acquire income-producing properties. In addition, I warmly invite those interested in relocating to Virginia, Maryland and Washington, D.C. 

With an in-depth view of the market, I know where to locate the properties that compliment your wish list and lifestyle. Moreover, when it’s time to sell, my innovative appraisal approach will help to appropriately price your property for maximum financial return. I focus on marketing that is effective – that is why I relentlessly track what works and what does not.

I recognize the common thread in each and every real estate transaction is a client with similar needs: exceptional customer service, an agent who understands the contract, neighborhood expertise and professional guidance throughout the process. I embrace all of these needs and work diligently to cater to them on every level of my business. I know Virginia, Maryland and Washington, D.C. areas very well and know what it takes to earn a stellar reputation for giving clients’ what they ultimately want. I take this responsibility seriously and work tirelessly to ensure you receive all the information you need to make sound decisions that will affect your future. So when you’re ready to buy or sell property in Virginia, Maryland and Washington, D.C., set your sights high and give me a call. 

My expertise, dedication and perseverance will ensure your next move a complete success. I will help you achieve it.

TESTIMONIALS

Cary was fantastic in all respects. We will definitely recommend him to others. He went way above and beyond what was necessary in our first home buying experience.

– Barry Kennedy and Amy Kennedy

If it wasn’t for Cary’s hard work, we would not have the house we are now living in. … He was always patient, kind and informative. We knew that he was always on our side and trusted his judgment. He worked so tirelessly for us, without reservation. I highly recommend him to anyone looking for a house in the Washington area.

– Daniel and Christine Mullins

Cary was very professional from the very beginning. He kept us informed throughout the whole entire selling process. Eventually…he helped us buy our next home. We will recommend him highly.

– Dr. Deborah Jones & Dr. Gregory Miller

For the past six years we have had a business relationship with Mr. Cary Garcia. He was our realtor during the purchase and sale of our home. … No detail was too small and nothing was overlooked. … I would recommend Cary Garcia to anyone looking for a hard working and trustworthy professional.

– Marc and Mona Lisa Gittleman