Around the Nation -- Residential Real Estate Update - Virginia

ByJeff Adolph

State-by-state

Situated in Atlantic Coast of Southern U.S.A, this state is ranked as the 35th largest by land mass and the 12th by population with 7,018,515 people residing in this region.

This states economy relies heavily on Fortune 500 and 100 companies, software, communication technology, consulting, wineries and vineyards, oysters, peanuts, hay, tomatoes and soy, cattle and tobacco.

Income tax in this state ranges between 2-5.75%, and there is a 4% sales tax. Property tax in this state is assessed and collected locally based on 100% of fair market value.

Arlington

Homes are typically sitting on the market for 14 days in this region with the median home price hovering around $350,000. The market trend in this area is said to be decreasing with the market value up by 5% compared to last year.

Buyers are getting 99.2% of their asking price and the hottest valued market in this region is represented by the entire area due to it being a very tight market. This is attributed to a good economy in this state, and first time and move up buyers looking to move into the area. As such, multiple offers are being seen and with little housing stock availability this makes this market extremely competitive.

LGBT Real Estate Facts: There are approximately 13,802 same-sex couples residing in Virginia making this region the 14th gayest state in America. The gayest zip codes in this locality are 22204 South Arlington; 22304 Shirley Duke/Theological Seminary, Alexandria; 23225 Forest Hill/ Stratford hills, Richmond; 22042 Falls Church; and 22003 Armandale.-- gaydemographics.com

Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com

Picture Source: wikipedia.org

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ByJeff Adolph

State-by-state

Situated in Atlantic Coast of Southern U.S.A, this state is ranked as the 35th largest by land mass and the 12th by population with 7,018,515 people residing in this region.

This states economy relies heavily on Fortune 500 and 100 companies, software, communication technology, consulting, wineries and vineyards, oysters, peanuts, hay, tomatoes and soy, cattle and tobacco.

Income tax in this state ranges between 2-5.75%, and there is a 4% sales tax. Property tax in this state is assessed and collected locally based on 100% of fair market value.

Arlington

Homes are typically sitting on the market for 14 days in this region with the median home price hovering around $350,000. The market trend in this area is said to be decreasing with the market value up by 5% compared to last year.

Buyers are getting 99.2% of their asking price and the hottest valued market in this region is represented by the entire area due to it being a very tight market. This is attributed to a good economy in this state, and first time and move up buyers looking to move into the area. As such, multiple offers are being seen and with little housing stock availability this makes this market extremely competitive.

LGBT Real Estate Facts: There are approximately 13,802 same-sex couples residing in Virginia making this region the 14th gayest state in America. The gayest zip codes in this locality are 22204 South Arlington; 22304 Shirley Duke/Theological Seminary, Alexandria; 23225 Forest Hill/ Stratford hills, Richmond; 22042 Falls Church; and 22003 Armandale.-- gaydemographics.com

Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com

Picture Source: wikipedia.org

-----------------------------------------------------------------

*RealQuestions RealAnswers*

Click on Comments below and share your thoughts and opinions, ask a real estate question or offer story suggestions...

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© 2006+ Jeff Adolph GayRealEstate USA

Proudly Sponsored By: