Appraiser Spotlight – Units Sold, Sales Price, and Inventory for Northern Virginia are UpJune 8th, 2017
Daniel Swinney first entered the business as a Loan Officer, and switched careers 16 years ago to become an appraiser. As an appraiser Daniel has serviced the Northern Virginia market where he grew up, working in both suburban and rural areas. From $65,000 homes to $3 million mansions, he appreciates and enjoys the versatility the market brings. Due to the proximity to Washington, DC and the numerous government jobs available, the market has remained active over the years; a quality Daniel is grateful for. According to Daniel, the key to success as an appraiser is to be efficient and punctual with every order. Even the smallest aspects are important to consider to ensure you are being as efficient and professional as possible, ranging from extensive training prior to appraising to knowing the traffic patterns to ensure you’re on time.
Northern Virginia Market
The Northern Virginia Market has experienced increases in units sold, sales price, and inventory for 2017 compared to winter and spring of 2016. According to The Washington Post, the number of units sold increased 8.4% compared to this time last year, while the average home price rose 2.2% to a median price of $464,900. Inventory also increased by 8.9% in April 2017 compared to April 2016 according to The Northern Virginia Association of Realtors and GMU- Center for Regional Analysis. As demand continues to rise, Northern Virginia has also experienced a decrease in active listings and days spent on the market. The average number of days spent on the market for April 2017 has gone down 25%, while active listings decreased 20%.
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CoesterVMS is a nationwide appraisal management company that specializes in providing comprehensive management of appraisal operations for mortgage lenders. CoesterVMS’ in-house appraisal management solution combines the best service with the most advanced technology on the market. CoesterVMS guarantees all appraisal reports to fully comply with all regulations and guidelines. The company’s Cloud Control appraisal management technology is the only software of its kind to be built on the award-winning Salesforce.com platform, and its “Coester-Mer” service is earning the company a reputation for the best customer service in the industry. Headquartered in Rockville, Maryland, CoesterVMS was founded as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit CoesterVMS online at www.CoesterVMS.com.
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