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Circle Stats

June Market Conditions Report

Eric Guggenheimer - Tuesday, July 15, 2014
Our June update seems to be promising for rentals and we are ahead of last year's averages.   • As of June 2014 UNITS RENTED is up by 6.5% compared to 2013 (Positive for Owners) • Average Rent year over year is up 1/2%, ($2,2293) (Positive for Owners) • Supply of Rental Units is 1.3 month...

May 2014 Looks very different from Last year (30% drop)

Eric Guggenheimer - Monday, June 2, 2014
Despite the News and the multiple offers seen in the sales market, we are experiencing a decline in sales as compared to May 2011, 2012 and 2013.  As compared to 2013 we did see a 30% drop in Sales for fairfax county.  As compared to May 2013 we did see 3% rise in units rented. Rentals and Sales Cart 2011, 2012, 2013 and Y...

April Exceeds Expectations

Eric Guggenheimer - Friday, May 2, 2014
As of April 2014 UNITS RENTED is up by 10% compared to 2013 (Positive for owners) Average Rent Year over Year is up 2%, ($2,204)  (Positive for Owners) Supply of Rental Units is 1.32 months supply (Positive for Owners)   Months Supply Currently available is 857 units available as of May 3rd 2014, based on the...

January report shows promising signs for a good 2014 Rental Market season

Eric Guggenheimer - Thursday, February 13, 2014
Our January report shows promising signs for a good 2014 Rental Market.   The average Rent for January 2014 was higher than January 2013. This is an encouraging sign and we hope it will continue through out the year. The Days On Market (DOM) did tick down but still remains high for the season. Units Rented also impro...

Closing 2013 with a bang

Eric Guggenheimer - Thursday, January 16, 2014
Reflecting On The 2013 Rental Market?   We closed out 2013 with allot of new highs, including days on market, (the time a listing is ACTIVE in the MLS system. The time it took to rent in December hit 50 days. We prefer to see this bellow 40.   With the record highs in average rented prices, we feel a bit uncomf...

November Rental Statistics for Fairfax County VA

Eric Guggenheimer - Thursday, December 5, 2013
Fresh off the press, the updated November Circle Property Management rental statistics report for Fairfax County. We did see a spike in properties rented in November which could be due to the Government shut down catching up as people who were in the middle of a transfer were halted till the budget was approved.  The average days ...

I want to forget Octobe Rental Statistics

Eric Guggenheimer - Friday, November 1, 2013
October Rental Market Statistics are hot off the press.  October total properties rented in Fairfax Virginia were down from last year with a one month drop of 13%. (Larger than usual)  We attribute the October drop to the Government shutdown bringing all Government relocation's to a temporary stop. We did see a spike in la...

Small Investors Win Big with new IRS rules

Eric Guggenheimer - Wednesday, October 2, 2013
Steven Fishman wrote a great article about the pending changes for small property investors. We have all been waiting a long time for this, it simplifies how the IRS treats repairs and the improvements you make to your property.  Currently small and large investors have to treat improvements differently than a repairs. You fix a H...

August Market condition report

Eric Guggenheimer - Thursday, September 19, 2013
We still see a stable rental market remaining inline with previous years. The average rent is still at historical highs with demand for rentals remaining with-in traditional norms for the past couple of years. The cart illustrates with the purple line representing average rent in 2012 compared to the blue representing 2013 We do no...

Fairfax Co. Rents On The Rise again in July

Eric Guggenheimer - Thursday, August 22, 2013
The Rental Market in Fairfax County Virginia still remains strong compared to 2012. The demand for rental housing combined with low supply is breaking new highs with the average rents topping $2,300 in July.  This may be an all time record. With the trends still quite strong and average units rented beating both 2012 and 2011 YTD,...

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