The Wethman Group’s Real Estate News – October 2018

October 2018

Market Update
The October real estate market is holding firm, and not letting up! In the DC Metro area the average sales price is $508K, a 3.3% increase compared to 2017. The average days on market has declined 7% which likely has to do with limited inventory. Popular neighborhoods in Arlington, Falls Church, Fairfax County and Washington DC are all averaging 35 days on market or less. Inventory remains tight and there is roughly 9.3% less inventory compared to the same period in 2017. Despite lower inventory, buyers are still looking for nicely updated homes that are move in ready! Contact us today to find out market specifics in your neighborhood.
Interest Rates
Many people are focused on interest rates and for good reasons. In September, The US Federal Reserve raised short term interest rates for the third time this year. We are on track for one more increase in 2018. While rates are historically low, compared to 6-8% mortgage rates in the early 2000’s, an increase to 4.9% for a 30 year fixed mortgage feels like a pinch to many current buyers. While the hype of low rates from internet lenders may seem attractive, working with a reputable lender is still key to ensuring your contract makes it to settlement.
What are buyers looking for?
Real feedback from our listings and clients:
-Buyers are looking for move in ready homes with updated kitchen and bathrooms.
-Most buyers prefer hardwood floors or light colored carpet.
-When touring a home, if there is sign of wear or lack of maintenance, buyers question the condition of the major systems and appliances.
-While big ticket items are important, most buyers are interested in the cosmetic updates in a property.
-If a home is not updated, buyers are looking for a discounted price.
-Many buyers would rather pay for the upgrades through the sales price/mortgage than handle renovations after closing.
-Even with limited inventory in the fall, buyers are not rushing to purchase right now.
If you need assistance prepping your house for sale, call us!
Thinking of buying? It’s better to start sooner than later, even if your target move date is months away…with a lot of buyers ‘waiting until next Spring’, it’s a great time to find a great home with less competition from other buyers!

       ENTER OUR COLORING CONTEST!         

This month, we’re trying something a little different — a coloring contest! We’ll have 4 age groups, and the winner of each group will win a $25 Target gift card.

Age groups are 5 years and under, 6-10, 11-15, and 16+. Click here for a downloadable PDF of the picture to submit, and be sure to sign the picture and add the participant’s name and age.

 

 

This month, we’re trying something a little different — a coloring contest! We’ll have 4 age groups, and the winner of each group will win a $25 Target gift card.

Age groups are 5 years and under, 6-10, 11-15, and 16+. Click here for a downloadable PDF of the picture to submit, and be sure to sign the picture and add the participant’s name and age.

 

Just post your entry on Facebook, Instagram, or Twitter and tag theWethman Group or your agent. You can also email submissions or drop off at our office. Register by October 25th for your chance to win!


HOME CARE CORNER

Fall is here! That means plenty of leaves and limbs are falling too. Make sure to check out your gutters and clear any leaves or debris to ensure your gutters drain properly!

 

 


CLIENT APPRECIATION EVENTS

Save the Date: Pie Day – Tuesday, November 20th
Our annual pie day open house will take place the Tuesday before Thanksgiving at Katie and Kenny’s house. Clients, save the date on your calendar to stop by for a bite and a drink and bring home an apple or pumpkin pie for your Thanksgiving celebration. It’s one of our favorite events each year, and we look forward to sharing it with you! Clients, check your email or our postcard for the link to reserve your pie!

Also, Save the Date for:

Breakfast at the Movies with Santa – Saturday, December 1st

As always, if you or someone you know has a real estate need, please reach out. We are here to help!
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JUST LISTED & OPEN HOUSE! 12094 Antler Ct

Freshly updated and ready for the market! We’re excited to present our newest property for sale on 12094 Antler Ct – Fairfax, VA.

Details on this property include:

Stately 3 bedroom, 2.55 bath townhouse located in Fairfax Ridge!
This home offers over 2300 sq ft of living space on three levels with an attached one car garage.
Spacious lower level recreation room with fireplace, and walkout to patio and fenced yard. Custom storage area below the stairs. Hall bath and coat closet off the entryway.
The main level features inviting living and dining area with chair an crown molding, and walk out to deck with a serene treed view!
Gleaming Brazilian hardwood floors on all stairs, main and upper level
Updated kitchen with granite counters and breakfast nook near the bay window. Separate laundry room and half bath on kitchen level.
Upper level features three bedrooms and two full bathrooms.
Master suite with expansive walk-in closet complete with custom organizers. Master bath offers a double vanity soaking tub and frameless glass standing shower.
Ideal location, minutes to Fair Oaks Mall, Fairfax Town Centre with plenty of restaurants and retail. Walking distance to Fairfax Government Center, Fairfax Corner, Merrifield Garden Center, Costco and Wegmans. Also, short walk to Eagle View Elementary. Perfect for commuters with quick access to I-66, Lee Hwy, Rt 50, Fairfax County Pkwy, Rt 28 and more!

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Townhouses in Fairfax Ridge range in price from $450-$560K+ depending on size, location and of course condition. Properties that have sold on the higher-end were also end-units, with a two car garage and updates throughout. Our property at 12094 Antler Ct is listed for sale at $519900.

For more details or a private showing, contact the Wethman Group!

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JUST LISTED & OPEN HOUSE 6912 Sharpsburg Dr

The fall real estate market is still going strong! Excited for our client, who just listed her gorgeous home out in Centreville. This home in located in Hanna Estates and sales have ranged from $530K up to $623K for single family homes. Properties on the lower end of sales are smaller, with less updates. Properties at the higher end are nicely updated with gourmet kitchens, renovated bathrooms, and floor plans wth over 3200 sq ft!

Details on our listing:

Stately 4 bedroom 3.5 bath colonial with over 3200 sq ft of living space!
Light filled two story foyer greets you at the front door.
Formal dining room and living room, with gleaming floors with plenty of space to entertain.
Open kitchen with updated cabinets, granite counters, stainless appliances, ceramic tile and an island. Space for eat-in table with access to the screened-in deck.
Inviting family room off the kitchen with a gas fireplace.
Enviable master suite with high ceilings, space for sitting area, large walk-in closet and large master bath with soaking tub separate shower and large vanity.
Spacious bedrooms with plenty of closet space and a hall bathroom complete with tub/shower and large vanity.
Lower level features large rec room area, full bathroom and expansive storage and utility room.
Relaxing screened-in deck, with access to deck and fenced backyard.

Open House this Sunday 12-2pm!

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Email admin@wethmangroup.com for a private showing or more information.

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JUST LISTED: 3625 10th St N #104

Stunning 2BR/2.5BA + 1 den at The Monroe!
Rarely available, light-filled unit with 11ft ceilings, large windows, custom light fixtures, crown molding, and gleaming hardwood floors.
This unit features over 1600 sq ft, with an open floor plan and lives like a home!
Gourmet kitchen with granite counters, custom backsplash, stainless appliances, island & open to dining/living area. Perfect for entertaining!
Den with closet off living area could be used as 3rd bedroom.
Expansive master bedroom w/large walk-in closet, 2nd closet & ensuite bath with double sinks, soaking tub & tiled shower.
Sizable second bedroom, across from master, with attached bath and large closet.
Half bathroom off the hallway, and spacious laundry room (with full-size W/D) and room for storage!
This unit features updates throughout, and has been impeccably maintained!
Garage parking & storage included.
Building amenities include secured entry with concierge in the lobby, community room, exercise room, courtyard area and roof terrace with city views.
Convenient first-floor access with separate entrance to N Monroe St.
Unbeatable location, just a block to VA Square/GMU Metro, Quincy Park, and plenty of restaurants & retail!

Units at The Monroe have sold from $660K up to $950K depending on size and upgrades. The larger units with over 1700 sq ft sell for $800K and above. Given the size, upgrades, and location of our unit, we have listed for $850K.

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Contact us for a private showing or more details!

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The Wethman Group’s Real Estate News – May 2018

May 2018

MARKET UPDATE
Remember when we said last month that the market had slowed slightly in March? Well April made up for it! We are seeing bidding wars and lots of activity across the board, but particularly in DC and close-in markets in Virginia and Maryland. The weather may be damp, but the housing market is hot.
Despite lower inventory than April last year, sales volume is up 10% from last April. Consequently, prices are up in all locations, but particularly in DC proper, which saw a median price increase of 13.5% from April 2017 (from a median sale price of $519k in April 2017 to $590k in April 2018). We are seeing that prices in neighborhoods that were previously considered a “good deal” have also risen, meaning prices are acting more flat across the district, regardless of where a property is located.
New listings were up almost 9% from April last year, but active inventory was down 9% from last April, meaning those new listings are being absorbed, plus some. This also marks 2 years of year-over-year decline in inventories, though it is worth noting that historically we are still 21% above the 5-year-low seen in 2013.
Still, our own clients are still finding their home of choice and we are handing over keys all the time! Thinking of buying? Let us walk you through what this market means for your search strategy, or get started by attending our upcoming free webinar Tuesday, June 19 (registration details below). For many buyers, depending on your individual circumstance, we still think buying this year, even with all of the competition, will be better than waiting until next.
With the continued emphasis on inventory, and seasonality in your favor, if you are thinking of selling, get in touch now to have us create the best strategy for you to sell for top dollar! The market is hot, but taking advantage of that competition requires the right marketing strategy and team to optimize your exposure to buyers. Check out our listing highlights below- 2 recent listings sold within days of hitting the market!
CLIENT APPRECIATION EVENTS
Picnic at the Winery
We had a great time with our clients, Saturday May 12th at our 2nd picnic at the Winery at Bull Run. The unseasonably 90+ degree weather meant the bottles of Rose went down easy in the shade! We loved seeing so many of you and look forward to catching up again at the baseball game in July!
Baseball Game- Sunday, July 8th– Clients, watch your mailboxes and inboxes for your invite to our Annual Baseball game, Sunday, July 8th as the Nats take on the Marlins at home! Enjoy a quintessential DC summer afternoon and root, root, root for the home team with us!
UPCOMING CLASSES
First Time Home Buyer Webinar: Tuesday, June 19th at 7pm
Our popular First Time Home Buyer class covers deciding to buy, financing, your home search, trends in the local market, and even the implications of the new tax law! If you want a refresher before diving into the Spring market, join us for this free class and send your friends who are thinking of buying! Register here to join.
Senior Seminar: Downsizing and Preparing Your Home for Sale
Grand Oaks Assisted Living at Sibley Hospital
Thursday, June 14 1-3pm
We are excited to be partnering with TAD Relocation and Grand Oaks Assisted Living to offer a seminar on downsizing and preparing your home for sale at Grand Oaks at Sibley Memorial Hospital. If you or a loved one is considering downsizing, or would just like more information about process of selling your home, join us! RSVP to mbuckl10@jhmi.edu, or call (202) 660-7882.

As always, if you or someone you know has a real estate need, please reach out. We are here to help!
The Wethman Group
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Just Listed: 2860 Cherry Branch Ln Oakhill, VA

World Class Luxury

-Impeccably maintained “Williamsburg”‘ model in desirable Middleton Farm community. This home features 5 bedrooms, 4.5 baths, with over 6000 square feet of living space on all three levels.
-A beautifully manicured lawn, leads to the front door, with a two-story foyer. Custom ceramic tiles in the entryway and through the foyer, and family room.
-Elegant Living Room off foyer with wainscoting, hardwood floors and double crown molding.
-Formal Dining room adjacent to the kitchen that accommodates a large table for 12+ people.
-Renovated Kitchen with custom cabinets & built-ins, granite counters & backsplash, stainless steel appliances, island and chefs range. Space for an eat-in dining area, and looks out into the sunroom and relaxing views of the backyard.
-Powder room off the hallway with custom sink, vanity and tiled walls
-Laundry room on the main level with access to the backyard.
-Family room with stately stone fireplace, tile floor, and cathedral ceiling. Separate office/study on the first floor could be 6th bedroom.
-Enviable master suite with hardwood floors, features a separate sitting area, recessed lighting, and wainscoting. Master bedroom with tray ceiling, expansive master dressing room with built-in cabinetry, and en-suite bathroom with double vanities, soaking tub, and custom, tiled shower.
-2nd bedroom with carpet, en-suite full bathroom, and closet.
-3rd and 4th bedrooms across the hall with Jack/Jill bathroom, with double sinks and shower/tub combo.
-Expansive lower level boasts over 2000 sq ft of living space, complete with a 5th bedroom, recreation/billiards area, theater room, home gym, and workshop/unfinished room.
-Perfect for movie lovers, this home theater has stadium seating, large projector screen, 7.1 surround sound system, built-ins, and a Murphy bed. Sink/ bar area outside the theater with small fridge/counter for popcorn and snacks.
-Home gym with custom built-ins and recessed lighting. Room for a den/5th bedroom, and workshop area. Walk up from the basement to rear yard/patio area.
-Large deck off sunroom complete with hot tub, grilling area and view of serene backyard!
-Oversized garage, with separate mud room and storage.
-Ideal location, with quick access to Routes: 28, 267, 66 and Fairfax County Parkway. Minutes to Reston Town Center, Dulles Airport, and Silver line Metro to Tysons/McLean and Downtown Washington, DC.
-Highly ranked school pyramid: Floris Elementary, Carson Middle School, and Westfield High school.

Properties in Middleton Farm are rare, but homes in the past several years have sold from $730K up to $970K, depending on the size and upgrades in the home. Most larger homes with 4000 sq ft+, have sold for $850K and above. This home has been upgraded top to bottom with custom finishes and is listed for $1,035,000.

Contact us for a private showing!

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JUST LISTED: 805 31st St Arlington, VA

Fully remodeled cape cod in Arlington with three bedrooms, two full bathrooms, and over 2000+ sq ft of living space.
Relaxing front porch, overlooking the neighborhood. Inviting living room at the front of the house, with gas fireplace insert, and treed view!
Renovated, gourmet kitchen with granite counters, island/breakfast bar, newer cabinets and stainless steel appliances. Upgraded chef’s range, backslash, and dishwasher. Dining area off kitchen and deep pantry in the hallway.
Two bedrooms on the main level with hardwood floors, deep closets, and ceiling fans.
Hall bathroom between bedrooms with neutral tile, ad shower/tub combo.
Expansive master suite with plenty of space for bedroom, sitting area, and office/study. Recently renovated master bathroom with new ceramic tile, shower with frameless glass door, and new vanity.
Possible 4th bedroom off master with two closets can be used as a den or large walk-in closet. Additional closet organizers will convey.
Renovated basement with newer tile floor, separate laundry/utility area, and a custom built wine room!
Spacious, rear fenced backyard with custom patio, complete with built-in seating, and plenty of space for tables and a firepit.
This well-maintained home is located on a quiet tree-lined neighborhood, in Oak Crest.
Plenty of shopping and retail nearby to include: Harris Teeter, Giant, Safeway, Shoppers, CVS and more.
Active community: bike and walking path across the street, and Ft Scott Park up the hill.
Ideal for commuters: minutes to Crystal City, Del Ray, and downtown DC.

Homes in this neighborhood sell from $500K- $895K depending on size and upgrades. There are limited sales in the neighborhood, but recent properties have sold for $650K- $780K with a garage and more living space. Properties closer to Ft Scott Park typically sell for a premium. This home was listed for $775K, and received a strong offer after 1 day on the market.

Email admin@wethmangroup.com for more information or how to get top dollar for your home!

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COMING SOON! 11814 Great Owl Circle

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COMING SOON- RESTON, VA!

Stunning 4 bedroom, 3.5 bath townhouse in desirable Reston neighborhood!
Gleaming hardwood floors on main level, upper level and loft.
Updated kitchen with granite counters, newer cabinets, stainless steel appliances, complete with bay window and eat- in space.
Inviting living and dining area with plenty of natural light.
Upper level features 3 bedrooms, 2 full baths and a loft.
Enviable master bedroom with vaulted ceilings and en-suite master bath with shower and separate tub.
Loft with hardwood floors, skylight and ceiling fan and can be used as an office, den or library.
Spacious lower level with walkout to yard, complete with large bedroom, full bathroom and space for recreation room!
Townhouse is in impeccable condition and is turn key!

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Email admin@wethmangroup.com for a private showing or more information

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JUST LISTED: 3811 Whitman Rd

New on the market: our stunning listing at 3811 Whitman Rd in Annandale, VA! This home is located in the desirable Winterset neighborhood and has been meticulously maintained.

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This home features 4 bedrooms, 3.5 bath colonial home with one car carport.
-Beautifully renovated home in the wonderful Winterset community!
-Gleaming hardwoods on main and upper levels.
-Remodeled kitchen with beveled-edge granite counters, stainless steel appliances, cherry cabinets w/ pullouts & soft catch doors
-Cozy family room with remote controlled gas fireplace and a brick accent wall
-4 bedrooms on upper level including the master suite with a remodeled master bathroom showcasing a new tile shower, rainfall showerhead, new vanity & Delta touch faucets!
-Exercise room on lower level along with a large storage room equipped with workbenches and ample builtin shelving
-Lower level fully equipped with a projector & screen, wet bar with a mini-fridge; even connect the recessed smart lighting to your Amazon Echo!
-Fully-fenced private backyard with a six-foot fence and a gas fire pit

Homes in Winterset have sold from mid $600K’s up to $850K depending on the size, location and upgrades. The most recent sale sold for $850K, but had been completely gutted top to bottom, and was essentially a brand new home.

3811 Whitman Rd is listed for $750,000.

Email admin@wethmangroup.com for a private showing or more information.

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Just Listed: 9907 Natick Rd

Excited to share this lovely new home in Burke Centre! New on the market this week, 9907 Natick Rd is a well maintained four bedrooms, 3.5 bath single family home in the sought after Woods cluster. Open House will be held on Sunday 4/15 from 2-4pm!

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This stately home offers over 2600 sq ft of living space on the main & upper level.
Formal living and dining rooms with crown molding and plenty of natural light!
Updated kitchen with granite counters, newer appliances & cabinets. Island, and additional cabinets and built-ins for extra storage space.
Separate laundry/mud room off kitchen with quick access to the backyard.
Inviting family room off kitchen with huge brick fireplace and sliding glass doors to deck and fenced yard.
The upper level features four spacious bedrooms and two full bathrooms.
Serene master bedroom with walk-in closet, and separate sitting area, that can also be made into a 5th bedroom. Ensuite master bath with two updated vanities and shower/tub combo. Spacious bedrooms with ample closet space!
Lower level features fully finished basement with rec reaction/media area, bonus craft/hobby room, full bathroom with standing shower and storage and utility room.
Relaxing patio with treed view and low maintenance yard!
This home has been impeccably maintained, and is move-in ready!


Community Amenities:
Ideal location in the “Woods” cluster of Burke Centre. Access to jog/walking paths, tot lots, and community pools.
Minutes to nearby shopping restaurants and retail.
Ideal for commuters! Just minutes to the VRE train to downtown DC, with bus stops to the Pentagon Metro and a short distance to 495 and Fairfax County Parkway!

Homes in Burke Centre vary in price fro, $400K-$750K depending on the size, location and upgrades. The “Woods” is the newest cluster in Burke Centre, and the homes in this section are larger, and on bigger lots. Homes off Natick Rd had recently sold for $600-$699K. Ones on the lower end had had unfinished basements and less updates. 9907 Natick Rd is listed for $675K.

Contact us for a private showing!

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