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Healthy Northern Virginia Real Estate Market Bucks National Trend

August 22, 2007 on 3:32 am | In Hot Real Estate Markets, Real Estate News, Home Values | No Comments

There’s been a lot of doom and gloom in the media over the nation’s current real estate situation, but rarely do you ever hear about those areas of the country who’s real estate markets are telling another story.

Northern Virginia is one of the areas who’s real estate market continues to thrive:

While the real estate market across the national capital region is mixed, according to housing sales and price data released Wednesday, new numbers from a local real estate trade association show the market in Northern Virginia is strong.

Average home prices in Northern Virginia have increased by 3 percent to $554,274, while the number of home sales inched higher by 0.1 percent from July 2006, according to the Northern Virginia Association of Realtors.

The AVERAGE home price is over half a mil? Ouch! But it could be worse.

If you can afford it, Virginia is arguably one of the best places you could choose to live on the east coast. You’ve got mild winters, hot summers (but not insanely hot), and a pretty good all around quality of life. I guess the only important thing to remember is MAKE SURE YOU CAN AFFORD IT…. or else you could wind up looking like this guy:

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