Oak Hill Herndon Real Estate Market Information

The market continues to be very strong for sellers. I put a townhouse on the market this last weekend and the home received 7 contracts and went $20,000 over list price. Pretty much hard to get any house under $450,000 in the 20171 zip code. We had 9 new homes come on the market this week. We have 37 single family homes on the market. The inventory is still staying low. To see the new homes, click http://mrislistings.mris.com/DE.asp?ID=79549985767. We had 9 homes sell this week, to see those homes click: http://mrislistings.mris.com/DE.asp?ID=79550026738. Congratulations to all the sellers. Have a great Memorial Day weekend coming up!
Posted by Angela Mitchell, Associate Broker on May 20th, 2018 8:26 AM
The market did great again this week. We may start slowing down though. There were less buyers in the open houses this past weekend - that is usually a good indicator of the following week's market. We had 8 new homes come on the market this week. We have 63 single family homes in the inventory in Oak Hill/Herndon. To see the new homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-325647106-669. We had 12 homes sell this past week - terrific. To see the sold homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-325648055-466. Very strange that the market under 550,000 is not moving except for one home that has been on the market 270 days with a $75,000 drop in price. Hopefully, we will see more activity in the lower price ranges this week. Have a great week and enjoy our sun!
Posted by Angela Mitchell, Associate Broker on May 16th, 2016 1:45 PM
The market continues to do well. Most of the homes again that sold this week were $550,000 and above. Some of them were on the market quite awhile. We had 12 new homes come on the market this week. We have 68 single family homes on the market in Oak Hill Herndon. To see those homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-323160558-131. We had 11 homes sell this week and the sold homes were all over $550,000 and above with 2 home over a million. To see the sold homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-323160573-785. I am definitely seeing the overpriced homes sit on the market and some are taking downward price changes. I am hoping we have another great week this week. Happy almost Mother's Day!
Posted by Angela Mitchell, Associate Broker on May 1st, 2016 11:03 PM
The market continues to be in full swing for Spring. We had 21 new homes come on the market this week - about 1/3 increase of our current inventory as new homes. To see the new listings, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-320526354-417. I would think we would see this many again for the next two weeks and then it will begin to die off. Our current inventory is at 67 single family homes for sale in Oak Hill/Herndon. We had 9 homes sell this week. It still seems a little low - I would expect it to be around 12. If your home is well priced and shows great - you are getting multiple contracts on the first weekend. To see the sold homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-320526448-650. Have a great week!
Posted by Angela Mitchell, Associate Broker on April 16th, 2016 11:30 AM
The Spring market is in full swing. It is interesting that Easter was early and the spring market ramped up before Easter. It is usually the 2 or 3 weekends afterwards so it should be interesting to see what happens the next couple of weekends. The market is very strong for the sellers right now. We have 10 new homes come on the market last week. We have 54 single family homes on the market in Oak Hill/Herndon. To see the new homes and their pictures, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-317075920-697. We had 13 homes sell this week. To see those homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-317075931-869. Two of the sold homes were my hard working sellers. Yay! Have a great week!
Posted by Angela Mitchell, Associate Broker on March 28th, 2016 5:59 PM
Well, the market was better this week than last but the sales seem to be much slower than two weeks ago. We had 7 new homes come on the market and 39 single family homes on the market in Oak Hill Herndon. Since the sales are not keeping up with the new listings, the inventory is heading up. To see the new homes, click http://mrislistings.mris.com/DE.asp?ID=67100741981. We had 4 homes sell this week. Click http://mrislistings.mris.com/DE.asp?ID=67100803921 to see the new homes with contracts. Have a great week and I hope next week picks up.
Posted by Angela Mitchell, Associate Broker on February 26th, 2016 6:27 PM
We are definitely seeing the Holiday season approaching. We did not have any new listings in Oak Hill Herndon this week. We have 62 single family homes on the market in Oak Hill Herndon - the net number is still dropping. We had 4 homes sell this week. To see those homes, click  http://mrislistings.mris.com/DE.asp?ID=65756975976. Two of them were on the market 6 months with heavy price reductions. One was reduced over $300,000. Somebody missed the market price.  Have a great week.
Posted by Angela Mitchell, Associate Broker on November 15th, 2015 12:10 PM
We are definitely entering into the Holiday Season. There is a lot of rumor out there that interest rates are going to go up - that may be why I had 14 couples through an open house that I held this past Sunday. Those numbers are more like a Spring open house - so we will see if these numbers translate into actual sales. We had 4 new homes come on the market this week. To see the new homes, click http://mrislistings.mris.com/DE.asp?ID=65648764737. We have 72 single family homes on the market in Oak Hill/Herndon - sort of where we have been for the last month. We had only 2 homes sell this week. To see those homes, click  http://mrislistings.mris.com/DE.asp?ID=65648787582. Have a great week.

Posted by Angela Mitchell, Associate Broker on November 9th, 2015 12:03 PM
The market did marginal this week but there still seems to be a lot of traffic in the lower value single family homes. There were 5 new listings last week - so getting to be much more normal for the Fall market. We have 74 single family homes in Oak Hill Herndon for sale. It is staying low and I expect it to get into the 60s soon. To see the new homes, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-299130249-75.  We only had 1 home sell this week - not so good. It was a flipped investor house.   To see the sold home click, http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-299130304-815. Have a great week and enjoy life! Hopefully, we will see more sales this week. 
Posted by Angela Mitchell, Associate Broker on October 12th, 2015 5:22 PM
The market is still asking strange, hard to determine where it is heading; but the market is actually doing well. I think the issue that we all are facing and the sellers have to come to grips with is that the prices are lower than they were in Spring and definitely lower than last year. You also have to have your home in tip top shape to sell - no maintenance issues - or it will just sit on the market. Bathrooms and kitchens need to be redone if your house was built in the 80s and before. You should change all your gold hardware and fixtures to brushed nickel or rubbed bronze - gold is out. The good news for the seller is that the inventory is going down so the buyers will have less to be choosy about. We had 5 new listings come on the market in Oak Hill Herndon - a significant drop over the last two Fridays. To see the new listings, click http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-297270209-484.  We have 75 single family homes on the market in Oak Hill Herndon. The lowest number since Spring. We had 7 homes sell - which is terrific for this time of the year. To see the homes that received contracts last week, click  http://mrislistings.mris.com/DE.asp?k=524916XMWTP&p=DE-297270237-913. Have a tremendous week!
  
Posted by Angela Mitchell, Associate Broker on September 27th, 2015 3:55 PM

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