January Market Update:
Interest rates have fallen under 3% with 15-year mortgages at 2.5%. This has caused a surge in buyer’s demand and brought back multiple contract scenarios for homes that are priced and marketed correctly. If this spring sees a huge increase in inventory, as expected, that premium may be gone!
- For every 1% interest rates fall, a buyer can afford 13% more home. This means a Jan 2020 buyer looking at $750,000 homes can now afford $850,000 without increasing their payment. Adding to demand are buyers no longer tethered to commuting to the office everyday and in a new influx of tech employers coming to the area
- The supply of listings has been somewhat restricted by sellers reluctant to put their homes on the market during covid. This should change in 2021
- Econ 101: When demand is stimulated, and supply is restricted things go BOOM
- What to Watch: Keep and eye on interest rates and listing inventory. They will be the main drivers in 2021.
Our team would love to help you in your search for or sell a home.
- 110 Clients helped in 2020
- 97% success rate! If we list it, we sell it!
- Average days on market of 14
- Homes Sold for 101.5% of List Price
- 96% of our listings sold in the first 30 days
- 86% sold in the first 10 days
- Total listings and selling side sales $92.5M with $50M+ in Vienna.
Where can you start? We offer virtual or in person meetings. Reach Casey directly at 703-508-2535 for a no obligation home buyer or seller consultation.
We have two homes coming soon, stay tuned for more info!
Under Contract in the first weekend! 3305 Wellhouse Court, Oak Hill, Virginia. Just Listed for $699,000. This well-maintained Franklin Farm home is designed for both your needs as well as entertaining. On a cul-de-sac with a private .3 acres, this home has 3 bedrooms, 2.5 bathrooms, an abundance of natural light, charm, and space. Enter the home into the formal living and dining rooms featuring crown moldings, chair rails, elegant light fixtures, and wood floors. The fully updated kitchen with Quartzite countertops and new appliances leads you into the family room that has ample space, gas fireplace, built in’s and French doors that lead to the covered patio area by the pool. Upstairs houses the expansive owner’s suite with two walk-in closets. The ensuite features a jacuzzi soaking tub and a large, tiled, walk-in shower. Additionally, there are two other bedrooms, a second full bath, and laundry. There is a fully finished daylight basement with newer carpet and recessed lighting. This home had an addition in 2008, which expanded the family room, owner’s suite, ensuite, and dining room along with adding a workshop that has a separate entrance and climate control. The backyard is very private and features a pool, rock waterfall feature, covered porch with TV, gazebo area, underground sprinkler system, and extensive landscaping and hardscaping. Minutes to Franklin Farm Park, Franklin Farm Village Center, and major roads and airports. This home is in the Chantilly High School pyramid. Visit www.3305Wellhouse.com for a full tour. Call Pam Mooney for a private showing at 703-307-6663.
Under Contract! 18345 Mid Ocean Place, Leesburg, Virginia. Just Listed for $850,000. Stunning colonial home with walkout lower level located in the gated Premier Resort Golf Club community of River Creek, and situated at the confluence of the Potomac River and Goose Creek. This home features 5,827 square feet including 5 bedrooms, 3.5 bathrooms. Enjoy an abundance of natural light, beautiful wood flooring throughout the main level, decorative pillars in the foyer, built in’s, and much more. Enter the main level into the living room and dining room with elegant lighting, crown molding, and wainscotting. In the gourmet kitchen, there are granite countertops, large island with breakfast bar, six-burner gas stove with hood, stainless steel appliances. Attached to the kitchen are the breakfast area and butler’s pantry. Enjoy the open and bright family room with built in’s, fireplace and access to the expansive back deck. Main level office, laundry, and half bath. Upstairs is the large owners’ suite with sitting area and private en-suite with dual sinks on separate vanities, large soaking tub, and a walk-in shower. There are four additional bedrooms, two with ensuite and the other two bedrooms with shared jack and jill bathroom. Downstairs in the walkout basement, you have an entertainer’s dream with a large recreation room, full bathroom, and ample storage space. Walkout to the lush .19-acre lot with an abundance of possibilities. The award-winning River Creek community offers: eighteen-hole golf course memberships, three swimming pools, six tennis courts, a renovated fitness facility, Confluence Park with a floating dock, picnic area, BBQ fireplaces, playground, volleyball court, basketball courts, hiker/ biker trails, and two gated entrances staffed with security personnel. Visit www.18345MidOcean.com for a full tour. Call Pat Samson for a private showing (703) 380-7025.
Under Contract! 1021 N. Garfield Street #1030, Arlington, Virginia. Just Listed for $600,000. Fantastic opportunity to own in the highly sought after Clarendon building that combines comfortable living with convenient access to everything. This rarely available top level 1 bed/1 bath modern condo has it all, including 520 square feet of outdoor living on your private balcony with the most incredible views of the Washington Monument, Air Force Memorial, DC, and Arlington. This unit features a gas fireplace, elegant lighting, in-unit laundry, ten-foot ceilings, only found on the penthouse level, and incredible amenities. Enjoy stainless steel appliances, granite countertops, and a gas range in the kitchen. This unit has a large bedroom with a walk-in closet, a full bathroom with a shower/tub combo, and a separate guest entrance. Enjoy the convenience of one underground parking space near the elevator and storage. The building amenities feel endless and include 24/7 concierge, secured entrances, a fully-equipped fitness center, rooftop pool & hot tub with views of DC, outdoor grill area, community room, & business room. In the Washington-Liberty High School pyramid. Close to Clarendon metro and walk to all the restaurants and shops Clarendon has to offer: Trader Joe’s, Whole Foods, Crate and Barrel, and more. Visit www.1021NGarfield.com for a preview. Call Morgan Samson for a private showing 703-609-1745.
Under Contract! 10401 Hunter Station Road, Vienna, Virginia. Newly Priced for $1,499,900. “On the Trail” is an exquisite new home by Hometerra with 6,914 finished square feet, nestled on 1.07 acres of land in an ideal upscale location. The sun-filled interior boasts 6 bedrooms, 5.5 bathrooms, high end details, a 3 car garage and 3 finished levels. An entertainer’s dream with an open floor plan, grand foyer, formal dining room, and large chef’s kitchen with breakfast room. Main level also features a library, laundry/mudroom and inviting family room with two story ceiling and a gas fireplace. Main level owner’s retreat with French doors to the private deck, extra large walk-in closet with an island, and a spa bath with a free standing tub, glass enclosed rain shower and dual sinks and vanities. Upper level with a bonus living area and four bedrooms all with en suite baths and walk-in closets. Walk-out lower level with a spacious recreation room, in-law suite with full bath, and room for more! Enjoy outdoor living in the back yard, deck and wraparound front porch. Sited on the historic ‘Hunter Station Flag Stop’ of the W&OD Railroad making it a history and trail enthusiast’s dream with direct access to the 45-mile-long W&OD trail. Visit www.10401HunterStation.com for a full tour. Call Billy Samson for a private showing at 703-380-0255.
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Did you miss our last two Coffee with Casey episodes? Now worries, we have them up now!
Why Staging Your Home Pays
There have been a lot of questions recently with the uncertainty during the Corona Virus pandemic and how this has been affecting mortgage financing. In Northern Virginia, the housing markets have remained strong and most financing options have remained viable options for buying a home. There have been some minor changes to the home buying process but we are quickly adapting and helping buyers get through to closing smoothly. If you are looking to buy a home please reach out so that we can answer any questions that you have and help you get into the home of your dreams. To contact Mike, CLICK HERE
Friends don’t let friends struggle to sell their home, no matter where they live. If they need help outside of Northern Virginia, we can find great qualified listing agents anywhere in the country. If you or they are struggling to sell a property, give us a call, we would love to help! 703-508-2535.
Download our NEW desktop wallpaper January Calendar, we have a clean version perfect for your second screen and phone.
Did you know we are on Pinterest? There we feature community boards, a Style board with inspiring interiors from our listings, renovation ideas for your whole house and more. Visit our Pinterest today!
Online Resources/Activities for you and your kids:
- Twelve museums around the world are offering free virtual tours. Take a trip to Europe, Korea, or around the US and view some of the most famous works of art in the world.
- Love Opera? The Metropolitan Opera is streaming previously recorded performances daily
- Wish you were at the beach? There’s a webcam for that.
- Capital Weather Gang is holding Weather School M-F on their Facebook Page
- Mount Vernon has an education live series M-F for Kids on their Facebook Page
- The Kennedy Center is sponsoring Lunch Doodles with Mo Willems on YouTube
- You can still enjoy the outdoors while social distancing, and provide a fun learning opportunity! Read more here.
- Remember the Highlights Magazine? They have a great website
- Scholastic has developed a free Learn From Home website with 20 days of lessons and activities for grades Pre-K through 9.
- A huge library of free children’s’ books to read (or listen to) online.
- Ready to introduce your teenager to the Classics? This huge free e-book library has you covered.
Lucky Dog of the Month UPDATE Hawkeye is adopted! Hawkeye is a 5 year old Retriever/Shepherd Mix. He would love a family to make him their own, bring him to the dog park to play with other dogs, as well as daily walks and hikes. This sweet boy would like obedience training, so he can show you just how smart you are. He’s longing for belly rubs and snuggles. What do you say, is he the guy for you?
Great news!! Maggie and Biggie are adopted! To see more details on the adoption process visit luckydoganimalrescue.org or email email@example.com
The Casey Samson Team was named by The Wall Street Journal as the #1 Small Team in Northern Virginia with $200M in sales since 2017. We saved sellers over $1M in commissions last year. We made sellers $1.89M by selling homes at 100.2% of list price in an average of 19 days. The industry standard is 97%. If you are looking for a professional team, with an exceptional track record & a Full Service Listing program, contact The Casey Samson Team at 703-508-2535. Home buyers, we give cash back! Vienna’s #1 agent. Samson Properties #1 Team and #1 Agent in the #1 Production Office in Northern Virginia!