JUST LISTED & OPEN HOUSE-3721 Mazewood Lane Fairfax, VA

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!

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JUST LISTED & OPEN HOUSE- 4141 N Henderson Rd #1004

Fall is here, but the real estate market is still busy! Check out our newest listing in Arlington, just minutes from Ballston Commons.

Details on this lovely unit:
-Open and inviting 1 bedroom, 1 bath unit with 851 square feet of living space.
-The unit features gleaming wide-plank hardwood floors in the living area and bedroom, along with crown molding and large picture window.
-Updated kitchen offers a breakfast bar, granite counters, and ample cabinet space with a separate pantry for added storage.
-Kitchen opens to open dining and living areas with access to the balcony.
-Spacious master bedroom with hardwood floors, sliding glass door and walk-in closet with organizers.
-Full master bath renovated with newer vanity, flooring and updated tile in the shower.
-Expansive balcony with stunning city views.
-Underground parking space available. Up to 3 garage spaces, $200/yr for 1st car
-Community amenities include a 24-hour front desk attendant, party room, courtyard with grill, laundry room, community garden, and an outdoor pool.
-Condo fee includes all utilities, except cable & internet.
-Hyde Park is an ideal location in Ballston. Close to Harris Teeter, with quick access to shopping, dining at Ballston Quarter and 4 blocks from Ballston Metro.

Property values in Hyde Park, vary depending on the location and upgrades in the unit. Some studios have sold close to $300K, while one-bedroom units typically sell for $320-$365K, depending on how large they are and updates in the kitchen and bathrooms. Other two bedroom units seller for $375K and above. Given the proximity to shopping and retail in Arlington, along with the up and coming Ballston Commons, this is an ideal location!

Contact us at info@wethmangroup.com to schedule a private showing.

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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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The Wethman Group’s Real Estate News – September 2018

September 2018

The kids are back to school, and we’re back to the hot real estate market!
Activity picked up after Labor Day, and we’re seeing more of the same this month. August stats appear to be in line with prior years’, and no worse. The Median sales price is up ever-so-slightly, and inventory year over year remains about the same. Typically in September we see a little pop in inventory as sellers try to get a deal done before the holidays and year end.
Anecdotally, we’ve been seeing some softness in certain market segments, particularly the $1.2M+ single family detached market. It’s too soon to say whether this is a blip or the start of a larger trend, but market dips typically do start in the upper brackets, evidenced by longer days on market. Builders largely target this market at the expense of the mid-range single family market, adding insult to injury. We’re seeing similar pockets of relative ‘softness,’ and an increase in listings selling for just slightly below list price, unlike the bidding wars of the Spring.
Our local wild card, with 3 jurisdictions in the running, continues to be the Amazon HQ2 search. Rumors abound as the Amazon Board dined at the Renwick Gallery last week. Our inventory issue would be wildly exacerbated if our area ‘wins’.
Want a more in depth discussion of your targeted area? Just give us a shout!
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!

 

 

 

 

HOME CARE CORNER 

Zillow has come out with a report on the ‘paint colors that sell’ and the verdict is that black or charcoal front doors sell better. Reach out to us for painting advice, whether it’s on colors or contractors, before painting for a sale!

 

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 (we know, we can’t believe it’s time to plan for fall already either!). 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!

Also, Save the Date for our 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!
The Wethman Group
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The Wethman Group’s Real Estate News – August 2018

August 2018

MARKET UPDATE
Up, up, up! Prices and sales volume increased like the temperature in July for the local area housing market. Each year the DC housing market tends to peak in volume and price in June, with July starting to show a taper down to a lull in August and then a nice little pop again in September into October before quieting down significantly at the holidays for winter. Each month represents some seasonal differences (for more information on WHY, join our next first time home buyer webinar to learn about the factors that affect the real estate calendar year) which is why you’ll always see us comparing figures from the same month in the previous year.
Median home price reached the highest July price of the decade, up 3.4% from July last year, but down a seasonal 3.4% from the June all-time high the month before. As you may remember, we reported last month that sales volume (new pending sales and closed sales) was down in June from the previous year, which is somewhat out of sync with current trends. July saw the uptick in sales volume from last July we were expecting to see, with 3.2% more new pending sales in July this year over last July- again the highest July in over a decade.
If you’ve been following our newsletter for a while now, you may be able to guess what is at play AGAIN here: inventory! Our quick explanation (and what we are seeing play out with our clients) is that in June many buyers frustrated with the low inventory, just didn’t buy.
July inventory saw a few more new listings- up 1.6% over July 2017 (but down a seasonal 13% from June). However, active inventory for July (the properties remaining available for purchase) decreased again year-over-year for the 27th straight month, down 6.4% from July last year, meaning buyers scooped up all those new listings plus some. We are still 14% above the lowest inventory of the decade in 2013, but buyers are feeling the lack of choice and what we are seeing is some creative deal making and buyers revising what their “dream” property looks like rather than continuing to wait on inventory that just isn’t increasing.
We are helping buyers understand the current market, how to approach the search and prioritize trade-offs and walk away with the keys to their new home all the time! With interest rates holding steady, many of our buyers are gearing up for the little pop in inventory we usually see each September.
Thinking of selling? With near historically low inventory, it’s a great time. There is still time to get your house ready for the September shoulder season before buyers go into hibernation. Regardless of whether you are thinking of buying or selling, get in touch to start the conversation so we can come up with the best strategy and outline a potential timeline for you!
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 (we know, we can’t believe it’s time to plan for fall already either!). 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!
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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The Wethman Group’s Real Estate News – July 2018

July 2018

MARKET UPDATE
Is the summer housing market as hot as the weather? It is if you measure by price! June set a new all-time high for median price in our area at $471,000, up 3.5% compared to June of last year. But sales volume, closed sales, and new pending sales were all down from June of last year. By now you can probably guess what is driving these market behaviors: inventory!
New listings were down 6% from June last year and down 11% from May. The lack of new listings coupled with continued quick absorption meant active inventory was 6% below June of 2017, which was already low. We are still above the all-time lowest active inventory seen in our area in 2013, but significantly below the 5 and 10 year averages. Without properties to buy, the desirable properties that DO come on the market are either priced at a premium or may get bid up, which is why we see the rise in median price. Sales volume is down simply because there are fewer properties to buy or would-be buyers are getting priced out.
Properties that are well priced are still moving quickly! Average Days on Market (DOM) for June was 10, up from 9 in May, but down 2 days from June of last year.
Interest rates are holding steady, which is good news for buyers still hoping to make their move by the end of summer. Despite the competitive market, our clients are still finding places they love! Thinking of buying? Even with all of the competition, we think many buyers will be better off buying now than waiting until next year (when interest rates will likely be higher and inventory will likely be even more squeezed). We are always happy to talk through your plans and see if that is true in your circumstance.
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!

CLIENT APPRECIATION EVENT

Annual Baseball Game
We had a wonderful time with clients at the Nats’ game on Sunday, July 8th as the Nats took on the Marlins. The weather was perfect and the company even better! We are so grateful for everyone who works with us or sends us business. Your support is everything to us and this is one way of showing our thanks! If you’d like to join us for our next event, use us when you are buying or selling your home, or refer a friend who is looking! We’d love to have you be part of the tribe!

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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