Here are just a few of the national real estate numbers we are tracking for you now. For more info contact us.
The Spring Market Has Arrived!
Taxes & Tax Law Changes
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Happy new year from the Wethman Group!
What does the government shutdown mean for sellers/buyers?
2019 Market Predictions
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HOME CARE CORNER
LOANER PROGRAM ITEM OF THE MONTH: MOVING TRUCK
- Amazon has committed to 25,000 jobs over a 10 year period. They chose this area in part because of the extensive talent pool already here (emphasis added). Jobs are expected to be mostly in accounting and tech with incomes of about $150k. Of course, a ‘new’ business with such a significant presence is also expected to create jobs in supporting industries like retail, construction, and service businesses nearby (with lower incomes.)
- Amazon has made a commitment to STEM education investments, including a new Virginia Tech campus focused on Computer Science as part of National Landing, and investments at George Mason. The idea here is that Amazon is hoping to hire some homegrown (and local) talent years down the road.
- Incentive payments to Amazon are dependent on the actual number of jobs created.
- Arlington and Alexandria have committed to investing $570 million in transportation improvements, and Virginia has committed to an additional $195 million. Planned investments are additional entrance(s) to the upcoming Potomac Yard metro station, improvements to Rt 1, pedestrian bridges. Additional funding is available if Amazon creates more than 25,000 jobs.
Companies whose talent is being poached may or may not backfill hiring, and those companies are scattered throughout the region. Many employees hired locally will not relocate because it just won’t make financial sense and/or the situation will be complicated by a spouse’s commute or kids in school. Consider a hypothetical tech worker making $150k and living in the Reston area. If hired by Amazon (and remember, they’re coming here for the existing talent pool), is this person likely to sell their current home and relocate to Arlington? It’s possible, but it’s more likely this person will just factor in their new commute as an opportunity cost in taking the job. That employee’s current employer will then need to hire someone, who may or may not live in Arlington. See graphic at right for expected distribution of housing for HQ2 employees.
Excited for our client who listed her lovely townhouse in Fairfax this week.
Well maintained 3 bedroom*, 3 full bath and half bath townhome in Foxfield.
Located in a quiet community, with 1320 sq ft of living space on 3 levels, backing to trees. The woods behind the home are forever wild.
Gleaming maple hardwood floors on main level and upper level hall. Newer carpet in master bedroom.
Kitchen updated with silestone counters, newer lower cabinets and stainless steel appliances (with double oven). Hall bath and coat closet off the front entrance
Formal dining and living room, with sliding glass door to a relaxing deck!
Upper level features two bedrooms and two bathrooms
Master suite with vaulted ceilings, and large closet with custom organizers.
Attached master bath has been updated with newer vanity, shower/tub combo and ceramic tile flooring.
The second bedroom features a larger closet and attached bath with a large vanity and updated shower with glass door. New skylight in hall area installed in 2013.
Spacious lower level with living area for a recreation/media room or den. *Possible 3rd bedroom in lower level with closet & cedar closet.
Walkout to relaxing patio with treed view behind the property.
Major systems and appliances have been updated: Newer HVAC (6 months), windows (with transferable warranty). Home has been impeccably maintained!
Two assigned parking spaces convey with the property.
Community includes jog/walk paths, bike trails, tennis courts, outdoor pool, basketball courts & more.
Convenient location minutes to nearby retail and shopping and ideal for commuters! Minutes to RT 50, 66 and Fairfax County parkway.
Homes in Foxfield sell from $380 up to $425K depending on the size and upgrades. Many renovated homes have sold $399K and higher. Properties backing to parkland are espcially desirable. Given the upgrades and amenities of this home we listed the houe for $415K.
Contact us today for a private showing!