Combing over January’s area home sale stats from SmartCharts MarketStats by ShowingTime, I’ve become accustomed to seeing higher home prices across the region compared to the same month in the previous year. With low inventory and some eager buyers, it’s not surprising at all. These conditions make for quite a strong and competitive sellers’ market. Even so, as I wandered into Arlington County’s January stats, I found myself wiping up spilled coffee all over my desk. Compared to January 2019, ... continue reading...
Community Superstar: Life-Saving Services at EMMAvet Veterinary Urgent Care
BELLE VIEW—It was a late one evening in September 2019 when I heard my wife call from downstairs with worried tone. Our little Chihuahua mix, Monroe, had suddenly gone limp, not wanting to get up or move around. We pondered whether it was serious and how to respond; little did we know he was going into a life-threatening state of shock. To be on the safe side, we hurried him into the car and over to Belle View Shopping Center in Alexandria where we had seen a veterinary emergency care center had ... continue reading...
5 Things You Need to Know about Working With Lenders (#4 is Crucial)
If you’ve decided to hit the open houses and really look for that perfect home in the coming months, now is the time to start preparing yourself for the process. With the D.C.-area real estate market on the heels of a rather competitive 2019, you want to be sure you’re ready when you find—or even stumble upon—that perfect home. Although it’s not quite as fun as touring homes and planning to buy new furniture to fit your new digs, the first thing you need to do is secure a lender who will be ... continue reading...
It’s a Jungle Out There: Local Home Buyers Tackle the Amazon Effect
Certain real estate realities might be deemed cliché because we hear of them so often, but a closer look at one in particular reveals it’s simply the best adage for the state of affairs in the D.C. region. As we open lockboxes on doors from the far reaches of Fairfax or Montgomery County to the heart of D.C., the one stark reality is the influence of “location, location, location.” It’s not just a throw-away line to move the conversation along; it’s crucial in understanding perhaps the ... continue reading...
Maryland Toll Lane Expansion to Include I-495, I-270, I-370
Montgomery County homeowners and future buyers from near the American Legion Bridge up through Rockville will soon see some major traffic changes as officials move forward on toll lanes into 2020. While construction typically presents challenges, toll lanes can offer commuters choices when navigating rush hour, making an already sought-after location even more appealing for buyers and sellers. Maryland Comptroller Peter Franchot announced Jan. 3 an agreement with Maryland Gov. Larry Hogan to ... continue reading...
Arlington Housing Study Seeks Relief for Tight Inventory
Arlington County will examine housing inventory in 2020 to determine alternatives to low inventory and rising prices, possibly giving homebuyers additional housing options in the tight market. Particularly with the addition of the Amazon headquarters, as well as Arlington’s Virginia Tech Research Center and other entities sure to follow, a lot of light is shining on the county’s housing supply moving into 2020. “One of the areas in which Arlington can address housing challenges is within its ... continue reading...
Selling in the Spring? Here are 5 Important Things to Consider Now
Thinking about selling in the spring? Now’s the time to get the house ready. Don’t wait ‘til the snow melts and warm temperatures creep back in. While these aren’t the only things you’ll need to do to sell your house, they’re a good start to get you ready for the spring selling season. #1. Fix it. Take care of any necessary repairs as soon as possible. Even if you plan on upgrades, remodeling, shiny new appliances, etc., put your repair priorities at the top of the list. When people come to ... continue reading...
All-Cash Home Sales Climb in Arlington, Remain Steady in Alexandria
Over the past 10 years, the number of all-cash home purchases has increased nearly 5 percent in Arlington, with year-to-date all-cash sales (through October 2019) coming in at 18.4 percent. Combine that with limited inventory, rising home prices, and the Amazon headquarters growth, and you’ve got the potential for an increasingly challenging and competitive homebuyer market in the coming months. Such cash sales are great for sellers, and buyers simply need to remain aware that they may have ... continue reading...
Updates on Rt. 1 Corridor Transportation Development
The Southeast Fairfax Development Corporation and Mount Vernon-Lee Chamber of Commerce recently offered updates on the development of the Richmond Highway Corridor that will provide additional transportation options from Hunting Metro to Fort Belvoir. Farifax County Economic Development Authority reported many of the highlights of what is to come along on Route 1: * Nine bus rapid transit (BRT) stations will be established along the corridor. * Stops include Huntington, Penn Daw, Beacon ... continue reading...
The #1 Thing Sellers Must do When Preparing the Home to Sell
When getting a home ready to sell, a homeowner’s biggest challenge is often a change in mindset. No longer should you think of your house as your cherished home; it's now a commodity that must compete with similarly situated homes in your neighborhood. That may be hard pill to swallow, but accepting this reality makes it much easier to do all the things necessary to get the highest possible price, facilitating the necessary changes to generate the broadest appeal to as many buyers as ... continue reading...
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