Circle Stats

Professional property management is like your insurance policy. You pay your landlord insurance policy faithfully every year, knowing you’re covered. When you consider the added value you receive from professional management of your property in addition to this policy, the real value you receive is a bargain for the price!   W...

Investing in a property is a big decision. You want to consider all the details when it comes to buying a property for the sole purpose of using it as an investment.   For this, it helps to have people who know all about investment properties and the benefits, challenges, and risks they represent, namely professional and experienced...

Circle Property Management has closed the books for 2016 and now we reflect on the positive events throughout the year. There was some surprising moments as well as positive numbers for the rental market compared to 2015. The year started strong but stalled in September, October and November. We did have a surprise bump in December which ...

October is following a steeper trend started in September. The downward trend began in July and has seen a steady decline every month. This is compared to units rented in 2015; we are seeing levels similar to 2012 and 2013. Units rented compared to 2015 July -1.8% August -1.4% September -12.3% October -16% Active units c...

Our region and all of Fairfax County have performed well in comparison to 2015. We have seen small gains in Average Rent, improved Days on Market, with a significant improvement with Active Units. The quantity of Units Rented has remained constant through out the years, with very little difference year over year. The variable in obtaining...

Rental Over-Supply, reverses trend in November vs. December (17% + above average supply) The Rental and Sales market for 2015 was interesting to say the least. We have seen the supply of rentals go from a high of 20% above average supply to parity by the end of the year. This has been a marvelous reversal of a trend we began to worry ab...

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 ...