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Circle Stats

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,...

First Half Rental Market Conditions Report

Eric Guggenheimer - Thursday, July 18, 2013
The Rental Market is brisk in Fairfax Virginia and Northern Virginia despite the high demand for homes being sold. June was a strong month for rentals Our strong June was partially attributed to a significant drop in sales of existing homes in the month of June. A rise in interest rates in early June led to the decline in s...

April Market For Fairfax Okay

Eric Guggenheimer - Wednesday, May 1, 2013
No records are being broken in Fairfax county and the days on market is still stubbornly high compared to 2012 and 2011 but the units rented and the average rents are on the rise. We seem to be trending very similar to previous years with some rental housing units cropping up for sale due to the high demand b...

March Rental Statistics

Eric Guggenheimer - Sunday, March 31, 2013
The March RENTAL numbers look in-line with previous years. We have seen one positive improvement year over year with some small declines in average units rented and average days on market. Year over Year Average rent up 6% 2013: ($2143 vs. $2018) + Year over Year Average days on market up 25% 2013: (36 vs....

How does the market compare to Last Year?

Eric Guggenheimer - Tuesday, March 5, 2013
Like most years the statistics bare out the seasonality of the market with demand for rentals declining in January and a gradual improvement in February and improving with the season. I have attached a new chart for comparison. This new chart shows the previous year rental statistics for comparison and leaves out the s...

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