North Arlington (Orange Line) Condo Update: April 2015

Welcome to the latest installment of the North Arlington condo update. Included in the stats are active listings and sales in zip codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon).

  • Sign up for a market conditions report.
  • See market data for all of Arlington.
  • See more Buyer Resources.
  • See last month’s post on Orange Line Condo prices.
  • Ready to start your search?  Sign up for a free first time home buyer class in Arlington (registration required).
  • Contact us for more information.

Source: MRIS. Information deemed reliable but not guaranteed. Stats exclude retirement communities and co-ops.

1-Br Units 2-Br Units
Active Listings as of  May 20, 2015
Average List Price

$263,051

$484,679

Number of Active Listings

47

62

Average Property DOM(P) – Actives

85

74

SOLD LISTINGS for April 2015
Average Sold Price for Previous Month (does not include seller subsidies)

$357,546

$572,775

Number of Sold Listings in Previous Month

27

27

Average Property DOM(P) – Solds

47

23

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The Wethman Group’s Real Estate News

Greetings!

We’re off to the races! And we’re not just talking about the Spring market (though that definitely feels like a race right now too!)  The Wethman Group is literally headed to the races at Gold Cup with clients and friends at our Client Appreciation Event this weekend. If you are going to the races also please stop by Tent #124 and enjoy a cocktail with our team–we’d love to see you. Clients, if you haven’t received your invite, please contact us asap!

 

We had 14 successful closings in April and we are looking forward to warmer weather and new listings in May! We have new listings across the entire DMV area, including a great 4BR condo in Alexandria, a 2BR single family home in North Arlington, a single family home in Potomac, and a townhouse in Fairfax. If you are thinking of listing your home this spring, give us a call. We are still seeing multiple offers when homes are priced properly.  For buyers looking in hot neighborhoods, properties are moving fast, so this means you need to have your lender lined up, your documents ready to go, and your checkbook in hand. If you like a property, you need to move fast or someone else will.

 

Buyers, we continue to offer our free first time home buyer classes, with the next session scheduled for Tuesday, May 12th at 7:00 pm.  You can register athttp://register.wethmangroup.com  Want to know more about buying a home with us?  Watch this short video about the home buying process!

 

Buying a Home with the Wethman Group
Buying a Home with the Wethman Group

 

Summer is just around the corner and we are planning our next Client Appreciation Event: A Day at the Nationals Stadium with the Wethman Group. The game we are attending this year is Sunday July 19th against the Los Angeles Dodgers, so clients, please mark your calendars and stay tuned for more details.  As always, our Client events are free!  It’s one of the ways we say Thank You for your business!

 

We make it our top priority to be abreast of all the latest information available to help you make the best real estate decisions at the right time. Call or email us to discuss your real estate needs.

 

Think Spring!

The Wethman Group

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North Arlington (Orange Line) Condo Update: March 2015

Welcome to the latest installment of the North Arlington condo update. Included in the stats are active listings and sales in zip codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon).

  • Sign up for a market conditions report.
  • See market data for all of Arlington.
  • See more Buyer Resources.
  • See last month’s post on Orange Line Condo prices.
  • Ready to start your search?  Sign up for a free first time home buyer class in Arlington (registration required).
  • Contact us for more information.

Source: MRIS. Information deemed reliable but not guaranteed. Stats exclude retirement communities and co-ops.

1-Br Units 2-Br Units
Active Listings as of  April 16, 2015
Average List Price

$301,262

$500,984

Number of Active Listings

53

60

Average Property DOM(P) – Actives

67

56

SOLD LISTINGS for March 2015
Average Sold Price for Previous Month (does not include seller subsidies)

$338,283

$537,096

Number of Sold Listings in Previous Month

19

23

Average Property DOM(P) – Solds

59

19

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The Wethman Group’s Real Estate News

Greetings!

It may be April Fool’s Day, but this market is no joke! We’ve said it before: List your home early in the year. Buyers have been out for months, and most sellers are still de-cluttering. We had nine successful closings in March and we are looking forward to warmer weather and new listings in April. If you are thinking of listing your home this spring, give us a call. In most neighborhoods the market is hot, but pricing and staging, as always, are critical. Buyers must be ready with pre-approval letters in hand, and waiving contingencies is already common in many hot neighborhoods, particularly in DC.

We enjoyed a great turnout at our February and March first-time home buyer classes, and now we have scheduled classes for April 22nd and May 12. As always, the classes are FREE, but registration is required. Contact us for details.

February saw increases in median sales price and number of transactions for Arlington, Alexandria, Falls Church, and Fairfax over February 2014 numbers. We expect to see similar increases for March and into the Spring. According to the Washington Post , the District’s real estate market is poised to continue its upward trajectory this spring. It’s still a strong sellers’ market with inventory falling short of demand. However, more buyers have greater purchasing power and interest rates are still strongly in their favor.

As we settle into spring it’s important we do some seasonal home maintenance. Click here to view a checklist we created to help you get started. Should you need a referral to a vendor, please give us a call we have many preferred vendors we refer our clients to.

We make it our top priority to be abreast of all the latest information available to help you make the best real estate decisions at the right time. Call or email us to discuss your real estate needs.

Think Spring!

The Wethman Group

 

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Sold: 14322 Climbing Rose Way #106

We are excited to announce the sale of this property, not only because it was nicely updated and received offers shortly after going on the market, but also that it is the highest sale for the community in the past 12 months!

The average sales price for a 2 bedroom, 2 bath condo in the Sanderling community was $218K, and our sale of unit #106 sold for $229,500 ( with $5000 in seller subsidy), a net sales price of $224,500. Almost $7000 higher than the average sales for the entire last year!

This unit was nicely updated with gleaming pecan floors, granite in the kitchen with updated appliances and granite in both bathrooms!

We are proud for an opportunity to help increase property values in this neighborhood for other home owners.

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North Arlington (Orange Line) Condo Update: February 2015

Welcome to the latest installment of the North Arlington condo update. Included in the stats are active listings and sales in zip codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon).

  • Sign up for a market conditions report.
  • See market data for all of Arlington.
  • See more Buyer Resources.
  • See last month’s post on Orange Line Condo prices.
  • Ready to start your search?  Sign up for a free first time home buyer class in Arlington (registration required).
  • Contact us for more information.

Source: MRIS. Information deemed reliable but not guaranteed. Stats exclude retirement communities and co-ops.

1-Br Units 2-Br Units
Active Listings as of  March 12, 2015
Average List Price

$286,838

$501,973

Number of Active Listings

45

48

Average Property DOM(P) – Actives

83

63

SOLD LISTINGS for February 2015
Average Sold Price for Previous Month (does not include seller subsidies)

$296,900

$490,679

Number of Sold Listings in Previous Month

14

15

Average Property DOM(P) – Solds

65

48

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