The Wethman Group’s Real Estate News

May 23, 2017 by · Leave a Comment 

May 2017 Greetings! The Spring market is in full swing, with lots of activity on the buyer side, but the real story is still low inventory. The median sales price in our area reached the highest on record  for the second month in a row, easily beating last April’s record by 4.1%, and up 3.9% from last […]

New FHA Condo Approval Rules Take Effect

New FHA Condo Approval Rules Take Effect

September 24, 2012 by · Leave a Comment 

The Federal Housing Administration recently published revised guidelines to its condominium project approval process. Under the previous guidelines, many condo associations opted out of the FHA approval process, often due to the legal liability they incurred just by filling out the application. The new rules ease some of that liability, as well as increase the […]

Nearby Neighborhood Spotlight: Hyde Park

July 10, 2012 by · Leave a Comment 

Hyde Park is a luxury condo community located just four blocks from the Ballston Metro station. It is also Ballston’s first condominium. Originally built as luxury rental apartments, construction of Hyde Park began in 1972, and the 12-story building opened in 1974. In 1980, the building was converted into condominiums and remains one of the […]

Falls Church Condos: Savoy Park

Falls Church Condos: Savoy Park

February 7, 2012 by · Leave a Comment 

Located in the Bailey’s Crossroads section of Falls Church, Savoy Park comprises four buildings that house about 250 units. Constructed in the mid 1990s, the community is close to major commuting routes, such as I-395 and Leesburg Pike (Route 7). Savoy Park is also about four to five miles from metro stations in both Arlington […]