The Wethman Group’s Real Estate News

June 2016

Greetings!

This huge shift in weather has brought buyers out in droves! May closed sales reached the highest numbers since 2006. But, as the Washington Post noted, that’s only part of the story of this market. Prices overall are actually either staying flat or declining slightly despite the increase in demand and low inventory. Though that is just on average. On the front lines we are still seeing multiple offers in a few hot areas, but other neighborhoods are seeing closer to list price while competing more on the terms of the offer. But homes are still selling fast. Half of the houses in the area sold in less than 14 days last month. We expect some market upheaval as the election gets closer, and now with news of Brexit, there’s speculation that interest rates could drop EVEN LOWER!  Not sure if this is the right time for you to buy?  Contact us for a quick, no obligation conversation or attend one of our classes!
Attention Home Sellers: Are you or someone you know thinking of selling in the next 12 months?  We’re hosting a free Home Seller’s class onTuesday, July 26 at our McLean office.  We’ll be discussing market stats and outlook, which upgrades and repairs make sense, staging tips, and a process overview. You can register using this link!
Home Buyers: We haven’t forgotten you!  We’re starting up our free home buyer classes again, with the next one scheduled for Thursday, July 14 in Virginia Square.  Register here.
Client Appreciation Event: This month we headed to the ballpark and had a great time with over 100 clients and friends who joined us Sunday, June 12th to watch the Nats beat the Phillies in a nail-biting finish. With the Nats down by 1, bases loaded, and 2 outs, Jayson Werth hit a well-placed single to bring home Bryce Harper (pinch hitting) and Danny Espinosa to win.Thanks to all our clients and friends who referred clients to us — our business depends on you!  

If we can help you or someone you know with your real estate needs, please do reach out. We always love to hear from you!
The Wethman Group
Share

Under Contract- 6203 Franconia Forest Lane

We put this house on the market, and within 5 days we had over 35 showings, 4 offers and were under contract and set to close by the end of June.  This beautifully renovated 5 bedroom, 3.5 bath center hall colonial with attached one car garage in sought after Franconia Forest neighborhood! It features a stunning exterior remodel includes new windows, insulated siding, roof, deck, professional landscaping, and outdoor living hardscapes. The main level features gleaming hardwood floors with accent plush carpet, updated half bath, two closets, and laundry.

Elegant living room with chair rail, crown molding, elevated ceilings, and recessed lighting. Formal dining room with chair rail, crown molding, and a large picture window overlooking a serene, wooded lot. Renovated eat-in kitchen with newer maple cabinets, new stainless steel appliances, pendant lights, custom back splash and granite counters. (all items are within 1 year old expect cabinets). Modern floor plan as kitchen opens to cozy family room with recessed lights and fireplace! Sliding glass door opens to spacious two-level outdoor living with relaxing deck and stairs to flagstone patio – perfect for entertaining. Hardwood stairs and landing lead to upper level which features 4 spacious bedrooms, 2 renovated full baths, and linen closet. Enviable Master suite with recessed lighting and two closets (one larger walk in) and attached master bath with updated ceramic flooring, vanity, and spa shower. Renovated hall bathroom shines with new tile floor, updated vanity, custom shower surround, and lighting. All bedrooms have raised panel doors, plush carpet, modern paint, large closets, and ceiling fans. Spacious lower level features large recreation room, with 2nd fireplace, ceramic tile floor, recessed lighting, complete with a fifth bedroom and full bathroom. The bathroom has been stunningly updated to include new tile flooring, vanity, lighting and glass tile shower surround. Additional storage/utility room perfect for a workshop or more! Walk out from the recreation room into an outdoor living oasis featuring relaxing flagstone patio with stacked stone fire pit and stone wall with landscape lighting that backs to trees and additional lot.

Additional storage shed under deck perfect for outdoor furniture/lawn equipment or more! No home owners association! Ideal location, with quick access to three metro stops on Blue/Yellow lines (Springfield, Van Dorn, Huntington) and the VRE. Convenient to Springfield Town Center and Kingstowne Town Center with plenty of restaurants/retail. Perfect for commuters, with easy access to Ft Belvoir, the Pentagon, Crystal City, DC and more! 

Homes in Franconia Forest, have sold for $405K-$568K, depending on the size, upgrades and condition.  Average days on market ranges from 7 days to 51.  We listed 6203 Franconia Forest Lane for $585K, and it was under contract in less than 7 days.

Contact us today, to learn more about getting top dollar for your home!

Share