The market experienced a dramatic slowing as interest rates spiked in the beginning of the summer. But if a property was properly and showed well it still could sell 1st weekend on the market.
Warwick Ave, in Fairfax City was a prefect case in point. Listed for $519,900 on Thursday and held open Sat and Sunday. Both open house days had 20+ groups of people through. By monday we were expecting 3-4 offers but reflective of this fickle market we received only 2. The property sold for over asking price and closed in a little over 30 days. Overall a very clean and successful transaction.
