Circle Stats

The rental market has seen a shift to lower supply but we have seen evidence of the over-supply effecting Rents in 2015 based on the average rent chart below. Because the supply was high in the first half of 2015 we saw a much more competitive rental market resulting in lower average rents for November. As the inventory declines we s...

As we enter the fall and winter market we try to examine trends and gain some insight to the coming year. As we look backwards we see year-to-date 2015 has been one of the more challenging years. The greatest influence has been the supply of rentals averaging 20 percent above previous years resulting in a more competitive market. As we a...

Supply of Rental Units (Active Units) July has been an interesting month to say the least. Our concerns from previous months have been evident in the charts. The inventory has been higher than previous years and we actually started to chart the “active inventory” since the beginning of 2014 born from our concern that we may...

Rental Market improves in February 2015 Our forecast in January was a bit gloomy.  The data did indicate that we had a soft month mainly due to oversupply in the rental market which resulted in an average of 65 days on the market. Some had more and some had less but we were concerned about the supply of rentals being too high for ...

January Chill is in the Air!  We have seen a spike in active rental units as compared to 2014. In Fairfax county Virginia there is 1255 available units as compared to 967 units available in January 2014, a 23% increase in AVAILABLE rental units. We consider anything more than 15% out of norms but we are not too concerned because o...

Was 2014 A Good Year? The answer to the question is, “yes!”   When we measure success in the rental market the bellwether statistic is rental income.  Rents continue to rise year over year - with Fairfax County’s average rent settling in at $2,212.33  for all of 2014. That’s an 8% inc...

November Norms Stand True When it comes to Rentals we seem to be tracking about the same numbers as 2013 and an 11+ percent improvement over 2012 and 2011.  Now as far as Home Sales we have seen a steady decline in November for the past two years with some of the slack taken up by rentals. Overall the year is still trending close ...

Market Condition Report Fairfax Virginia September 2014 The market seems bifurcated with a strong market and a weak market. We are seeing certain areas doing well and others having difficulty finding qualified tenants. Circle Property Management is seeing more pricing pressure than in previous years and w...

August Market Condition Report August 2014 August is very similar to previous Augusts’ and is in-line with expectations. We are eager to see the month of September, which will provide the trend for the rest of the year. September Outlook We do see a 30% drop in units rented as well as an increase in the amount of time it tak...

July has been a VERY normal month statistically. No earth shattering news but we still see excellent demand. Average rent charged for July was $2350 exceeding July 2013. We have been using average rent charged to estimate pricing since 2008 providing the the best metric for establishing market demand. .  We are now in August w...