arlington real estate: North Arlington Neighborhoods: Lyon Village
- 02/17/10 06:40 AM
View Larger Map Lyon Village is located in the heart of Arlington and considered a part of Clarendon. It’s bounded by Lee Highway to the north, Wilson Boulevard to the south, Veitch Street to the east, and Kirkwood Road to the west. It’s convenient to both the Clarendon and Court House Metro stations. For those who prefer four wheels (or two) to the rails, it’s also convenient to major commuter routes, such as I-66 and the George Washington Parkway. For shopaholics, both Ballston Common Mall and Market Common Clarendon are within a short distance. And of course you're an easy hike … (0 comments)
arlington real estate: State of the DC Area Real Estate Market: June 2009
- 06/13/09 01:42 AM
The Spring market is hopping, but some recent changes are making it difficult to predict what's around the corner. Here's what's going on in the local real estate world: Interest Rates Jump: Mortgage rates took a significant jump in the past few weeks. The short story is that optimism about the economy combined with fears about inflation are pushing rates up. But if you want the long story, you can read more about the relationship between the bond markets and MBS markets here. Foreclosures and short sales continue to be a very active segment. Banks have finally figured out that the … (0 comments)
arlington real estate: Arlington, VA Neighborhoods: Arlington Forest
- 03/28/09 02:07 PM
ARLINGTON FOREST is an established community of over 750 households in Arlington County, Virginia. The proximity to DC combines the benefits of living in an urban area with the comfort and security of a quiet, wooded neighborhood. The community is located about a mile west of the Ballston Common Mall, bordered by Carlin Springs Road and George Mason Drive on the north, North Henderson Road, 2nd Street north, North Pershing Drive and Arlington Boulevard on the east, and Glencarlyn Park and the W&OD trail on the south and west. Arlington Forest derives its name from the forested residential terrain and … (0 comments)
arlington real estate: North Arlington Condo Market Update - June 2008
- 06/26/08 02:12 PM
North Arlington Condo Market Update Zip Code 22201 and 22203 (includes Ballston, Virginia Square, Clarendon) All Stats Shown As 1 BR Units / 2BR Units ACTIVE LISTINGS as of Jun 25 Average List Price $335,979 / $520,929 Number of Active Listings 53 / 79 Average Property DOM(P) – Actives 70 / 98
SOLD LISTINGS FOR PREVIOUS MONTH Average Sold Price (does not include seller subsidies) $333,247/ $454,222 Number of Sold Listings 19 / 23 Average Property DOM(P) - Solds 56 / 54 * Statistics exclude retirement communities Contact Katie Wethman, CPA, MBA, REALTOR® at (703) 847-3336 or via email to … (0 comments)
arlington real estate: What is the State of the Housing Market? (Multiple choice)
- 02/17/08 11:59 PM
What is the State of the Housing Market? Please choose the best answer.A. Looks like the start of a recovery. NAR Q3 2007 Report indicates roughly half of US markets show an increase in median home prices.B. About flat, plus or minus 1%...OFHEO reports Home Prices down 0.4% in Q3 2007C. We have years of decline ahead of us...start keeping cash--strike that, better make it Euros--in your mattress, folks! Case Shiller reports "The Sky is Falling, The Sky is Falling!" (Ok, that wasn't really a headline attributed to them, but that's basically the message in all of their press releases...pick which … (7 comments)
arlington real estate: Do sellers "get it"? If they do, they probably get it in 30 days!
- 12/03/07 06:31 AM
The average Days on Market (DOM) is a good yardstick to measure whether housing inventory is moving. Generally, the higher that number goes, the more leverage a buyer has in negotiating. As the number ticks up, sellers get more and more anxious; buyers start to think: “What’s wrong with that house that it’s been on so long?” There are two DOM statistics – Days on Market (MLS) and Days on Market (Property), or DOMM and DOMP. DOMM measures the days that a property has a particular MLS code attached to it. The MLS code is a two letter county abbreviation and … (45 comments)
arlington real estate: Should someone buy a home if they knew it would have 0% appreciation? Discuss.
- 11/19/07 01:51 AM
Alternative Title: What if 2007 IS the turnaround we've been waiting for? Every day I read real estate market articles that fall into two categories: 1. Focused on the Present: The bubble has popped and the market is crashing. These are especially annoying when they include graphs showing the downturn. Where were all these articles in late 2004 and early 2005 heading up to the peak of the market (at least in DC)? Jon Zolsky had some interesting points about the media as an “amplifier” here. I say they’re just late to the party every time there’s a market shift. Topic … (5 comments)
arlington real estate: "I want to buy a foreclosure"
- 09/27/07 01:06 PM
"I'm interested in foreclosures" is something I often hear from clients, but few people really understand the process, and specifically what it means to buy a foreclosed property. It's not for the faint of heart. Though you can occasionally find a bargain, there are unique risks involved with buying a foreclosed or bank-owned property. First, let's clarify some definitions.It's possible that someone can be "upside down" on their mortgage (that is, they owe more on the mortgage than the property is worth) and antsy for a quick sale before it gets worse. In this situation, the seller is said to be … (0 comments)
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Katie Wethman
CPA, MBA, Realtor - Northern Virginia & DC Real Estate
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