Falls Church Weekly Market Update: January 27, 2012
January 27, 2012 by wethmangroupadmin · Leave a Comment
Welcome to the latest installment of the Falls Church Real Estate Update. The data for this post was compiled using the statistics for both the City of Falls Church and those parts of Falls Church that lie outside of the city’s limits in Fairfax County.
Falls Church Contracts
- In the past week, 23 homes went under contract.
- 57% of those homes were listed for less than $500,000.
- One of the homes that went under contract this week was listed for more than $1,000,000.
Falls Church Inventory
- Active single family home listings: 114
- Active townhouse listings: 18
- Active condo listings: 63
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 15 homes were sold in Falls Church this past week. Four of those were in Falls Church City, while the remaining 11 were outside of the city limits. The average sales price for all of the homes sold this week was $338,765.
The homes in Falls Church City sat on the market for an average of 130 days, while the homes outside the city limits sat on the market for 62 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 1/27/2012. All information deemed accurate but not guaranteed.
Spring 2012 Market Preview
January 26, 2012 by wethmangroupadmin · Leave a Comment
So far, 2012 is off to a busy start! I’ve already had many calls from both buyers and sellers who are asking about the market, so I am anticipating a busier spring than usual. Rates continue to stay at record lows—many days below 4 percent.
The builders must be feeling more optimistic about the market too, with construction projects speeding along in our area: the Founders Square DARPA building in Ballston is now complete, with the residential tower next, Garfield Park in Clarendon is making good progress, and the new office buidling in Clarendon slated for the site of Potomac Crossfit, Eleventh St Lounge, and TA Sullivans is slated to begin in February.
So buyers, get ready for a busy spring, and sellers, NOW is the time to start decluttering and getting your home ready for the spring market. Contact us if you would like a consultation about how to prepare your home.
If you know someone looking to move, please contact us. And if you’re thinking of selling, we’ll be happy to provide you with a free market analysis of your home and a review of statistics in your local neighborhood.
Northern Virginia Housing Market Stats for December 2011
January 24, 2012 by wethmangroupadmin · Leave a Comment
Get the latest stats for the Northern Virginia real estate market by watching the video below:
Falls Church Weekly Market Update: January 20, 2012
January 20, 2012 by wethmangroupadmin · Leave a Comment
Welcome to the latest installment of the Falls Church Real Estate Update. The data for this post was compiled using the statistics for both the City of Falls Church and those parts of Falls Church that lie outside of the city’s limits in Fairfax County.
Falls Church Contracts
- In the past week, 22 homes went under contract.
- 55% of those homes were listed for less than $500,000.
- Two of the homes that went under contract this week were listed for more than $1,000,000.
Falls Church Inventory
- Active single family home listings: 115
- Active townhouse listings: 21
- Active condo listings: 64
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 18 homes were sold in Falls Church this past week. Three of those were in Falls Church City, while the remaining 15 were outside of the city limits. The average sales price for all of the homes sold this week was $309,011.
The homes in Falls Church City sat on the market for an average of 158 days, while the homes outside the city limits sat on the market for 37 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 1/20/2012. All information deemed accurate but not guaranteed.
Falls Church Neighborhoods: Alola
January 17, 2012 by wethmangroupadmin · Leave a Comment
Alola is a small community of about a dozen single-family homes. The earliest home was built in 1940, and homes have been added throughout the years, with the newest home being built in 1999. Located near the intersection of Arlington Boulevard (Route 50) and Annandale Road, Alola is convenient to major commuting routes, such as I-66, the Beltway, and the Dulles Toll Road. It’s also about two miles from the East Falls Church metro station.
With a walk score of 55, Alola is considered “somewhat walkable.” Nearly a dozen restaurants are within a half mile of residents’ front doors, including local favorites Frozen Dairy Bar & Boardwalk Pizza and La Granja De Oro. Nearly a dozen grocery stores are within about a mile from the neighborhood, as are at least a half dozen coffee shops for when you need that extra jolt to get you moving.
Currently, one home is actively listed for sale in Alola. It’s a three-bed, one-bath remodeled rambler. The home has been on the market for 18 days with an asking price of $349,900. It is not a short sale or foreclosure.
No homes are currently under contract in Alola.
In the past year, just one home has changed hands in Alola. It had two bedrooms and one bath, and was built in 1966. It sat on the market for 32 days before selling for $245,000. It was not a short sale or foreclosure, but was in need of some renovations.
If you’d like more information, please contact us. And if you’re thinking of selling (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value.
Source: MRIS as of 1/16/2012. Information deemed reliable but not guaranteed.
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Falls Church Condos: The Broadway
January 10, 2012 by wethmangroupadmin · Leave a Comment
The Broadway is condo community comprising 80 luxury units completed in 20o5. Amenities include a clubhouse, complete with a billiard table, service bar, and kitchenette. The Broadway also boasts a state-of-the-art fitness center, a landscaped courtyard, and restricted-access garage parking.
Located on West Broad street in the heart of downtown Falls Church, The Broadway is convenient to major commuting routes, such as the Beltway and I-66. It’s also about one-and-a-half miles from both the East Falls Church and West Falls Church metro stations. With a walk score of 89, The Broadway is considered “very walkable.” Nearly a dozen restaurants are within a quarter mile of residents’ front doors, including local favorites Flippin’ Pizza and Sfizi Cafe. Three coffee shops are also within a quarter mile for that morning jolt, and if you need to stretch your legs, plenty of local parks are nearby.
Currently, no homes are actively listed for sale in The Broadway, according to MRIS, our local MLS. One unit is currently under contract. It’s a two-bed, 2.5 bath unit listed for $599,900. It’s a corner unit with two balconies facing the interior courtyard. It was on the market for 48 days before going under contract.
In the past year, just two units changed hands in The Broadway. Both had two bedrooms, two full baths, and two half baths. The average sales price was $467,525 and they sat on the market for 87 days on average.
If you’d like more information, please contact us. And if you’re thinking of selling your home (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value.
Source: MRIS as of 1/10/2012. Information deemed reliable but not guaranteed.
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Fall Church Weekly Market Update: January 6, 2012
January 6, 2012 by wethmangroupadmin · Leave a Comment
Welcome to the latest installment of the Falls Church Real Estate Update. The data for this post was compiled using the statistics for both the City of Falls Church and those parts of Falls Church that lie outside of the city’s limits in Fairfax County.
Falls Church Contracts
- In the past week, 15 homes went under contract.
- All of those homes were listed for less than $500,000.
- None of the homes that went under contract this week were listed for more than $1,000,000.
Falls Church Inventory
- Active single family home listings: 123
- Active townhouse listings: 23
- Active condo listings: 63
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 5 homes were sold in Falls Church this past week. One of those was in Falls Church City, while the remaining 4 were outside of the city limits. The average sales price for all of the homes sold this week was $463,380.
The home in Falls Church City sat on the market for 24 days, while the homes outside the city limits sat on the market for an average of 40 days before selling.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 1/5/2012. All information deemed accurate but not guaranteed.
Falls Church Weekly Market Update: December 30, 2011
December 30, 2011 by wethmangroupadmin · Leave a Comment
Welcome to the final installment of the Falls Church Real Estate Update for 2011. We hope you’ve enjoyed the updates, and will continue to follow us throughout 2012! The data for this post was compiled using the statistics for both the City of Falls Church and those parts of Falls Church that lie outside of the city’s limits in Fairfax County.
Falls Church Contracts
- In the past week, 12 homes went under contract.
- All of those homes were listed for less than $500,000.
- None of the homes that went under contract this week were listed for more than $1,000,000.
Falls Church Inventory
- Active single family home listings: 126
- Active townhouse listings: 20
- Active condo listings: 71
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 14 homes were sold in Falls Church this past week. Three of those were in Falls Church City, while the remaining 11 were outside of the city limits. The average sales price for all of the homes sold this week was $369,417.
The homes in Falls Church City sat on the market for 194 days on average, while the homes outside the city limits sat on the market for an average of 67 days before selling.
If you’d like more information or if you have any questions, please contact the Wethman Group.
Get a free market analysis of your home.
Source: MRIS as of 12/30/2011. All information deemed accurate but not guaranteed.
Northern Virginia Housing Market Stats for November 2011
December 26, 2011 by wethmangroupadmin · Leave a Comment
Watch the video below to see what’s happening in the Northern Virginia real estate market.
Falls Church Neighborhoods: North Idylwood
December 20, 2011 by wethmangroupadmin · Leave a Comment
North Idylwood is a community of about a dozen single-family homes built mainly in the 1940s, ’50s, and ’60s. One home was built more recently in 2008. Located near the intersection of Leesburg Pike (Route 7) and Idylwood Road, North Idylwood is convenient to major commuting routes, such as the Beltway and I-66. It’s also less than two miles from the Dunn Loring-Merrifield metro station.
With a walk score of 38, North Idylwood is considered “car dependent.” However, nearly a dozen restaurants are within one mile of residents’ front doors, including local favorites Idylwood Grill and Mark’s Pub. Whole Foods is also less than an mile from North Idylwood.
Currently, no homes are actively listed for sale or are under contract in North Idylwood, according to MRIS, our local MLS.
The neighborhood is popular, and just one home has changed hands in the last two years in North Idylwood. It was a split level with six bedrooms, five baths, and one half bath. It was a foreclosure that sat on the market for 197 days and finally sold for $630,000.
If you’d like more information, please contact us. And if you’re thinking of selling your home, we’d be happy to provide you with a free market analysis of your home’s value.
Source: MRIS as of 12/19/2011. Information deemed reliable but not guaranteed.
Keller Williams Realty