April 30th, 2008 Categories: Keller Williams, Mclean
The real estate markets of Florida, Phoenix, & Vegas - oh the horror!
With reports stating these are some of the worst markets right now, I wanted to continue talking about our local market, here in VA. Today’s topic: McLean! Besides home to our new office (on Elm St, near the corner of Old Dominion and Chain Bridge), it’s a great location surrounded by the bustle of Tyson’s Corner and Washington, D.C. but having the feel of Main Street USA.
Real Estate Prices: A Year-To-Year Comparison for March
Properties Sold: 2007: 57; 2008: 49
Average Sale Price: 2007: $1,025,831; 2008: $845,384 (17% drop)
Average Days on the Market: 2007: 103; 2008: 133 (30% increase)
Average Sale Price % of Listing Price: 2007: 95.3%; 2008: 92.9% (about 3% decrease)
Don’t fret! While on the surface it may look like things have taken a hit, these facts just reinforce that it’s a great time to buy. With Spring here and coming on in a full court press, properties will soon begin to start moving! Let’s go shopping!
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April 29th, 2008 Categories: Keller Williams, Vienna
This years’ Money Magazine Top 100 Best Places to Live surveyed towns that “offered the best combination of economic opportunity, good schools, safe streets, things to do and a real sense of community.” The results?? Congrats go out to Vienna, for yet AGAIN making the top 100!! This year, Vienna ranks #70 in the US.
Vienna has a population just about 15,000, and a median home price just above $660,000. Minutes from Tyson’s Corner, Washington, D.C., the Pentagon, it’s a great place to settle down both with and without a family.
Let’s take a look at some properties for sale in Vienna!! Call us today - 703.283.4524
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April 28th, 2008 Categories: Arlington, Keller Williams, Properties
Just Reduced to $409,000
Beautiful 1 bedroom w/den (possible 2nd bedroom), 1 bath condo a few blocks from both the Ballston and Virginia Square metro stations, Hardwood floors, granite countertops, stainless steel appliances, pool, balcony, and more!!
Call us today for more information or to schedule a showing!
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April 27th, 2008 Categories: Fairlington, Keller Williams
The Fairlington Historic District located in the 22206 zip code is a great place for a starter home. With a quiet and cute little hidden “Pleasantville”-like atmosphere, and it’s proximity to both the Pentagon, Washington D.C., and neighboring cities/towns in VA, it’s a great place to live and buy a new home! Let’s take a closer look at recent sales in this area.-Since January 1st, there have been 40 properties sold in this area, and currently, 23 are under contract!!
-Of the 40 sold, the Average Sale Price (for properties ranging mostly from 1-2 bedrooms), is $382,681, close to roughly 90% of the initial listing price!!
-On top of these stats, the Average Days on Market, was only 46!
And people say this market is slow!! Want to take a closer look at the area? Call us today to schedule a showing! 703.283.4524
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April 25th, 2008 Categories: Just for Fun, Keller Williams, Reston
For fun this weekend, visit the Great Grapes Food, Arts, and Wine Festival at the Reston Town Center, both Saturday and Sunday, Noon - 6pm. Hosted by the Virginia Wineries, there will be over 100 unique wines to taste! For those looking for some education on wine, there will be seminars, cooking demonstrations, and of course, shopping!!
Ticket information is available online at the Reston Town Center website. Get out and enjoy this beautiful weather!
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April 24th, 2008 Categories: Buying, Keller Williams
USA Today and the Washington Post both report that as of March 2008, new construction is down to the seasonally adjusted pace of around 526,000 units, the slowest sales in 16.5 years. Median sales prices are also about 13% less than what they were at this time in 2007. BUT keep in mind, these are nationwide statistics for the US housing market.
For an example closer to home, let’s take a look at the new condo building in Arlington: The Phoenix at Clarendon Metro. The mixed-use residential/commercial building that sits atop and next to the Post Office has 181 residential units, and 13 commercial units. As of Mid-March, The Phoenix has sold about 50% of it’s residential units, and about 50% of it’s commercial space. These sales have taken place since July 2007, about 9 months. With more units under contract and closings scheduled, the building has consistently been getting contracts ratified at a pace of 3-4 units per week. PER WEEK! At this pace, it should take until the end of 2008 for The Phoenix to sell most of their units!
Keep in mind when you’re reading all of the stories about the housing market, that living in the Northern VA area gives you some peace of mind in your investments. With DC being a transient city, with constant turnover - especially with the upcoming elections, there will always be demand for housing by residents of this area. There’s so much more to this story, let’s talk!!
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April 23rd, 2008 Categories: Buying, Keller Williams, Selling
Let’s check out how all of the Northern Virginia area did in March with real estate sales. The following information is from Fairfax and Arlington County, Alexandria, Falls Church, Fairfax, Vienna, Herndon, and Clifton.
Total Properties Sold: 1,250
Average Days on Market: 109
Average Sales Price: $476,342
Median Sales Price: $401,380
How does this compare to the Year To Date Numbers?
YTD Home Sales: 2,935
YTD Average Sale Price: $479,696
Overall, prices are about 8% less than this time last year, but with Spring fever rapidly approaching, the 4-5 month absorption rate is already better than last month. It’s a great time to jump into the real estate market!
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April 22nd, 2008 Categories: Arlington, Keller Williams, Selling
JUST SOLD!
We are happy to announce we just sold a 2 bed, 2 bath condo in Arlington at The Residences at Station Square in Clarendon!
With many options at our disposal, please call or email us today to discuss how we can help YOU sell your condo or home! Or call for a free Comparative Market Analysis to find out how much similar units are selling for!
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April 21st, 2008 Categories: Arlington, Just for Fun, Keller Williams
Every Saturday from 9am to 4pm and Sunday 830am to 4pm Clarendon hosts the Antiques and Collectibles Market! Located on 15th Street, between Courthouse and N. Veitch Street, right next to the Court House Metro Station, you can find over 100 vendors and over 40 from the Georgetown Flea Market. There’s free parking and plenty to see for a nice day out in Arlington to browse or shop! This event is sponsored by the Clarendon Alliance.
Love the Clarendon area? Let’s take a look at how you can find your new home here!
Let’s talk 703.283.4524!
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April 17th, 2008 Categories: Buying, Keller Williams
Fannie Mae, a publically traded financial services company that helps lenders serve homebuyers, has been issuing declining market flags during recent computerized underwirting review. The flag calls for a closer look at the property’s appraisal to verify the value accurately reflects current market conditions. Unfortunately, it appears most of Northern Virginia is included in this “declining market” area (speculation from the Washington Post says this includes Alexandria, Arlington, Fairfax County and city, Falls Church, and other counties).
But what does all of this mean to you, the buyer?? It means that you’re going to have to put down more cash IF you want to buy a property located in one of these markets right now. A 20% down payment will now be 25%, 5% will now be 10%, etc. Mortgage applicants seeking 100% financing will now only receive 95% funding, requiring you again to come up with an additional 5% in cash.
Don’t let this discourage from looking for and buying your new home. There are ways around this….let’s talk!
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April 13th, 2008 Categories: Arlington, Keller Williams
How is the Arlington condominium market doing as we enter the 2nd quarter of the year? Let’s take a look at the sales during March!Both Average Sale Price and Median Sold Price are down only 1% from this time last year!
Days on the Market: DOWN 3 days from March 2007! That means things are selling faster!
With Spring right around the corner, this is all great indicators that this market is sustaining its’ value! Call us today to discuss how you can buy your Arlington condo this Spring!
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April 12th, 2008 Categories: Arlington, Keller Williams, Properties
1 Bed w/Den (possible 2nd Bedroom) and 1 bath, 835 sq ft., hardwood floors, granite countertops, stainless steel appliances, stackable washer/dryer, pool, fitness center, minutes from both the Ballston metro and Virginia Square metro stops!
Open House: Sunday, April 13th, 1-4pm
Otherwise, please call today to schedule a showing! 703.283.4524
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April 10th, 2008 Categories: Buying, Keller Williams
We LOVE first-time home buyers!! The reason why? The look on their faces when they finally find “the one!” There’s nothing that can relay the feeling a Realtor has when your client finally walks into what will soon be, their first home. The place of new beginnings! To be a part of it is something special. Our new clients, soon to be proud owners of a beautiful townhouse in Fairfax, VA, after seeing about 10 properties in a single day, walked into this one and said “I’m done! This is it!”
No matter how many times, this is still WHY we got into this business!! Keep sending your first-time home buyers to us, please!! This is why we do the job we do.
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April 9th, 2008 Categories: Just for Fun, Keller Williams
Did You Know: that in Fairfax County, any dog 4 months of age or older, must have a license?? For more information and application instructions, visit the Fairfax County tax website regarding Dog Applications. The actual application is available here. Make sure Spike and Lexi (my Golden Retriever!) have their license to run around Fairfax!
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April 6th, 2008 Categories: Keller Williams
It is with great excitement I announce our latest news!! We’ve moved offices!!! Laura and I will now be a part of the NEW Keller Williams Realty office located in McLean! Come visit us at our new office and let’s start your search for a new home today!!
6820 Elm St, Suite 100
McLean, VA 22101
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Did you know you could find KW Mclean on ActiveRain.Com too? July 23rd, 2008
Scott Montgomery and Team can also be found participating in the ActiveRain Community. For over a year now we have been an active member of www.ActiveRain.com. In the past and even today we […]
Read MoreNorthern Virginia Real Estate Prices continue to FALL… July 23rd, 2008
Northern Virginia’s year to date average real estate sales price is down from last year.
Last years average sales price was $537,339.00 and this years grand total is $482,197.00. Thats is a […]
Keller Williams Mclean Virginia Realtor Scott Montgomery pledges…. July 23rd, 2008
We will never do this to your listing….
http://www.youtube.com/watch?v=sNSWccfdO3Y
Give us a call today to learn more about how we can help you sell your property the right way.
Scott Montgomery
703-283-4524
scottmontgomery@kw.com
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Read Moremidtown Reston Town Center July 23rd, 2008
Midtown Reston Town Center is brought to you by Kettler. Check out their video below for more information on this wonderful condo community in the heart of Reston Virginia at The […]
Read MoreReston, One of the faster growing suburbs in Virginia offers Hidden Creek Country Club! July 9th, 2008
Nestled among giant hardwoods near the growing suburb of Reston, Virginia, Hidden Creek Country Club is a privately-owned, quiet and secluded oasis that’s just minutes from downtown Washington, D.C.. This information […]
Read MoreIs it time for renters to buy? Call me at Keller Williams Mclean Virginia to discuss July 9th, 2008
NBC’s Today show had a snippet posing this very question this morning and their verdict is in. In summary, LOCATION LOCATION LOCATION. Renting makes sense in areas where there is still […]
Read MoreCongratulations and Good bye to Laura Rubinchuk! July 8th, 2008
While sad for us, it is with great pleasure for her that the Real Estate Post Team announces that their very own, Laura Rubinchuk of the Keller Williams Mclean Virginia office, is […]
Read MoreREDUCED!!! Come take a look again…Vienna, 22181 July 8th, 2008
Come take another look at this magnificent Georgian Style Estate- This property boasts 6 bedrooms and 6 full baths as well as heated pool and cabana on a meticulously maintained 2 acre […]
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