Falls Church Market Update: May 18, 2012
May 18, 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, 50 homes went under contract.
- 56% 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: 161
- Active townhouse listings: 22
- Active condo listings: 42
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 21 homes were sold in Falls Church this past week. None of those were in Falls Church City—all 21 were outside of the city limits. The average sales price for all of the homes sold this week is $395,459, and they sat on the market for 31 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group. 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 5/18/2012. All information deemed reliable but not guaranteed.
How Staging Can Help You Get More Money For Your Home
May 15, 2012 by wethmangroupadmin · Leave a Comment
Watch the video below to find out how staging your home can help you get more money when you sell! For more information, please contact us. And if you’re selling your home (or are just curious), we’d be happy to provide you with a free market analysis of your home’s value!
Falls Church Market Update: May 11, 2012
May 11, 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, 31 homes went under contract.
- 61% 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: 167
- Active townhouse listings: 22
- Active condo listings: 43
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 27 homes were sold in Falls Church this past week. Five of those were in Falls Church City, and the remaining 22 were outside of the city limits. The average sales price for all of the homes sold this week is $493,785.
The homes in Falls Church City sat on the market for an average of 21 days, while the homes outside of the city limits sat on the market for 30 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group. 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 5/11/2012. All information deemed reliable but not guaranteed.
Falls Church Market Update: May 4, 2012
May 4, 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, 32 homes went under contract.
- 72% 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: 161
- Active townhouse listings: 15
- Active condo listings: 46
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 41 homes were sold in Falls Church this past week. Seven of those were in Falls Church City, and the remaining 34 were outside of the city limits. The average sales price for all of the homes sold this week is $446,557.
The homes in Falls Church City sat on the market for an average of 39 days, while the homes outside of the city limits sat on the market for 30 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group. 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 5/4/2012. All information deemed reliable but not guaranteed.
The Spring Market Continues to Sizzle
May 1, 2012 by wethmangroupadmin · Leave a Comment
The Wethman Group is pleased to announce our newest Realtor, Brianne Riley! A San Francisco Bay Area native, Brianne has lived and worked in the Washington, DC, area since 2005, when she thought DC would be a fun place to live “for a year or two” after college. Years later, she feels right at home and enjoys helping others make the move to the metro area. She holds a Juris Doctor from The Catholic University of America, Columbus School of Law in Washington, DC, as well as a BA from Willamette University in Salem, Oregon. We are thrilled to have her on board!
In local market news, the Spring market has kicked off! Northern Virginia inventory spiked dramatically by the end of March, but Arlington is still laying low, roughly on par with last year, while DC is down dramatically. Don’t get too excited though, Northern Virginia, because contracts were also dramatically up, so we maintained our running low ratio of listings-to-sales, still hovering at about three months or less (six months is considered a “balanced” market).
Interest rates remain low, though we are off the lows of sub-4%.
If you are thinking of buying a home, come to one of our free first-time home buyer classes at Arlington Central Library. The next class is Tuesday, May 22nd, at 7pm. You can register here.
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 review of statistics in your local neighborhood.
Falls Church Market Update: April 27, 2012
April 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, 36 homes went under contract.
- 72% 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: 148
- Active townhouse listings: 18
- Active condo listings: 48
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 34 homes were sold in Falls Church this past week. Four of those were in Falls Church City, and the remaining 30 were outside of the city limits. The average sales price for all of the homes sold this week is $432,325.
The homes in Falls Church City sat on the market for an average of just six days, while the homes outside of the city limits sat on the market for 43 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group. 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 4/27/2012. All information deemed reliable but not guaranteed.
Northern Virginia Housing Market Stats for March 2012
April 24, 2012 by wethmangroupadmin · Leave a Comment
Watch the video below to find out what’s happening in the Northern Virginia housing market. If you’d like more information, 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.
Falls Church Market Update: April 20, 2012
April 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, 40 homes went under contract.
- 58% of those homes were listed for less than $500,000.
- Three 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: 149
- Active townhouse listings: 18
- Active condo listings: 50
Listings Sold & Average Days on Market in Falls Church and Falls Church City
A total of 20 homes were sold in Falls Church this past week. Two of those were in Falls Church City, and the remaining 18 were outside of the city limits. The average sales price for all of the homes sold this week is $531,867.
The homes in Falls Church City sat on the market for an average of just five days, while the homes outside of the city limits sat on the market for 26 days on average.
If you’d like more information or if you have any questions, please contact the Wethman Group. 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 4/20/2012. All information deemed reliable but not guaranteed.
The Benefits of Consulting an Agent Before Buying a Home
April 17, 2012 by wethmangroupadmin · Leave a Comment
Watch the video below to find out all the benefits of consulting a real estate agent before buying a home!
Falls Church Neighborhoods: Yacht Club at Sequoia Village
April 10, 2012 by wethmangroupadmin · Leave a Comment
The Yacht Club at Sequoia Village comprises about 70 townhouses. The first phase of the neighborhood was constructed in the mid 1980s. Later, in the mid ’90s more townhomes were added. Located just east of the intersection of Arlington Boulevard (Route 50) and the Beltway, the community is convenient to major commuting routes and is two miles from the Dunn Loring/Merrifield metro station.
The Yacht Club at Sequoia Village earns a walk score of 63, making it “somewhat walkable.” At least a dozen restaurants are within a mile of the neighborhood, including The Original Pancake House (a personal favorite) and Pho 75, a favorite of local residents. The Yacht Club at Sequoia Village is also a great place for those who love the outdoors. It’s close to both Berkley Park and the Providence Recreational Center.
Currently, one home is actively listed for sale in Yacht Club at Sequoia Village. It’s a two-bed, 2.5-bath end unit with 1,640 square feet of living space that was built in 1985. It’s been on the market for 19 days with an asking price of $499,900.
One home is under contract in Yacht Club at Sequoia Village. It’s an interior unit with four bedrooms, three full baths, and one half bath. Built in 1996, it has four levels and 2,510 square feet of living space. This home has been on the market for six days with an asking price of $599,000.
In the past year, five homes changed hands in Yacht Club at Sequoia Village. Three of those homes had two bedrooms and 2.5 baths with 1,640 square feet of living space. Those homes sold for an average of $493,333 and sat on the market for 33 days on average. The other two homes that sold were three-bed, 3.5-bath units with just over 2,000 square feet of living space. The average sales price for those homes was $596,400 and they sat on the market for an average of just nine days before selling. None of the homes that sold were a short sale or a foreclosure.
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 4/9/2012. Information deemed reliable but not guaranteed.
Keller Williams Realty