August Market Update:
Low-Interest Rates and COVID Numbers in Northern Virginia Create a Perfect Storm for Home Buyers
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.
At the same time, sellers are putting their homes back on the market due to easing concerns over COVID-19 in Northern Virginia. Inventory has been down 20% this year as sellers do not want people in their homes. As COVID cases have fallen and Realtors have reacted with strong safety protocols, sellers feel more comfortable putting their homes on the market causing inventory to jump 25% in July 2020 over July 2019.
Our team would love to help you in your search for a home.
- 48 of our 51 listings are under contract or sold
- Average days on market of 10
- 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 $50,296,416*
- Our selling side deals have equaled our 2019 total 11126 Tattersall
Where can you start? We are taking virtual meetings via Zoom, let us know if you would like a pricing strategy and marketing plan today! Reach Casey directly at 703-508-2535 for a home buyer or seller consultation.
Learn more about our award winning home seller strategy with the 4 Pillars of Real Estate.
Negotiation of the month
We had a home inspection with 101 items and the buyer requested 49 be fixed and a credit of $60K for the balance. Due to our expert negotiation skills, the buyers settled for 0 items fixed, and $10k credit! Great job by Colby and Morgan!
11126 Tattersall Trail, Oakton, Virginia. Just Listed for $1,350,000. Stunning custom West Coast style home only 2 years young on a .57 acre flat lot backing to beautiful lush trees! This contemporary home features 3 finished levels, 5 bedrooms, 6 full and 2 half bathrooms, and over 6,000 finished square feet of modern interior. Open floor plan ideal for entertaining, with immaculate hardwood flooring, formal living, and dining rooms, and office space. The gourmet custom kitchen with quartz countertops, stainless steel appliances, six-burner stove, and elegant light fixtures. Kitchen opens to a grand family room with ample natural light, cathedral ceilings with exposed beams, and magnificent stone wall with gas fireplace. Owner’s suite with gas fireplace, walk-in closet with built-in’s, spa-like ensuite bathroom with soaking tub, dual vanity and sinks, and walk-in tile shower. Upstairs, there are three additional bedrooms, all with ensuite baths and a laundry room. Bonus 4th level features a bright loft space with skylights and half bath. Finished lower level features a recreation room, media room home theater, 5th bedroom, two full bathrooms, wet bar, and storage. Walkout from the basement onto the stone patio with a fire pit that overlooks the expansive flat and lush backyard. Conveniently located close to Metro and commuter routes! Visit www.11126Tattersall.com for a full tour. Call Morgan Samson for a private showing 703-609-1745.
307 Springwood Court NE, Vienna, Virginia. Just Listed for $1,195,000. Stunning home located in the highly sought after Springwood neighborhood of Vienna right off of Glyndon Street. Located on a quiet cul-de-sac, making this a family-friendly home! Grand foyer opens to a bright and airy open floor plan including main level formal dining room, living room, and executive library. Updated kitchen with center island and breakfast room. Open family room with vaulted ceiling and a brick fireplace. Owner’s suite with sitting room, walk-in closet, and updated spa-like en suite bathroom. Fully finished lower level with tons of storage space. Oversized garage, private 0.24 acres, walking distance to downtown Vienna shops, restaurants, and commuter access. Madison High School pyramid. Open House this Sunday, August 2nd, from 1-3 pm.Visit www.307Springwood.com for a full tour. Call Pat Samson for a private showing (703) 380-7025.
2915 Melanie Lane, Oakton, Virginia. Just Listed for $1,499,900. Exquisite colonial custom home on a premium 1-acre, park-like, lot with breathtaking pond views. Luxury abounds in this 7 bedroom, 7.5 bath entertainer’s dream. Double entry doors open to a regal foyer featuring marble flooring, curved staircase, and a grand chandelier. The beautiful marble flooring continues into the formal living and dining room with elegant lighting fixtures, crown molding, and tray ceilings. The light and bright chef’s kitchen with granite countertops, top of the line appliances, large center island, breakfast area, and butler’s pantry lead onto an expansive deck overlooking the lush green lot. Off the kitchen, the family room features coffered ceilings, hardwoods, built-ins, and a large gas fireplace with mantle. Entry-level bedroom suite with a full bath, perfect for in-laws! Luxurious owner’s suite with a sitting room, gas fireplace, patio walk-out, and spa-like master bathroom that was meticulously done with marble flooring, four sinks, soaking tub, and dual walk-in closets. You will also find four additional large bedrooms each with en suite bathrooms, and the laundry room. Finished walk-out basement with a recreation room, 7th bedroom, full bathroom, study/library, exercise room, media/theatre room connections, additional washer and dryer, and wet bar. Private and serene 1 acre lot located on a quiet street with 2 decks, balcony, patio, yard backing to trees, a beautiful pond, and well water for lawn irrigation only. Enjoy ice hockey on the pond in the winter and canoeing in the summer! Convenient location with easy access to trails, parks, downtown Vienna, restaurants, Metro, and commuter routes. Visit www.2915Melanie.com for a full tour. Call Colby Smyth for a private showing at 703-597-2428.
New Price $1,449,900! 10313 Dunfries Road, Vienna, Viriginia. Stunning Hunters Crossing home located on a private 1.28 acre lot with 5 bedrooms, 4 full baths, 2 half baths, 3 car garage and 7,571 square feet of elegant living space. Grand two-story foyer opens to formal living and dining rooms. Chef’s kitchen is the heart of the home featuring new quartz countertop, a center island and top of the line appliances. Family room with tons of natural light, stone fireplace, and custom built-in cabinets. Spacious sunroom with views of the backyard. Main level also features an office, half bath, and laundry room. Upper-level owners suite and spa-like en suite bathroom. Three additional bedrooms with new crown moulding and two full baths located on the upper level. Lower level features recreation room with fireplace, built-ins, game room, wet bar, half bath, and bedroom with a private full bath. Back patio, outdoor kitchen and fully fenced in yard is a private sanctuary anyone can enjoy! Madison High School pyramid and great Vienna location! Visit www.10313Dunfries.com for a full tour. Open House Sunday, August 16th, from 1-3 pm. Call Billy Samson for a private showing at 703-380-0255.
Under contract in the first weekend! 322 West Street NW, Vienna, Virginia. Just Listed for $1,150,000. Beautiful Vienna home in sought after Windover Heights! Steps from downtown Vienna and the W&OD Trail. Elegant interior with 3 bedrooms, 2.5 baths and 3,760 square feet on 3 finished levels. Welcoming two story foyer. Formal living and dining room. Open concept with great flow for entertaining. Gourmet kitchen with island, wine fridge, stainless steel appliances and hardwood flooring. Bright family room with a wood fireplace, wet bar and French doors to the screened-in porch. Owner’s suite with a gas fireplace, walk-in closet and en suite bath with a shower, double sinks and a sauna. Unique art room addition with skylights, vaulted ceiling, hardwood flooring and a sink for washing brushes. Private balcony the owner’s suite and art room. Two additional bedrooms and a full bath on the upper level. Finished basement with a rec room, den and rough-in for a full bath. Premium .36 acre lot with a charming wraparound front porch, screened-in porch, fenced yard, storage shed and large deck backing to trees. Indoor/outdoor living at it’s best! Updates include Hardiplank siding, new interior paint and carpeting. Great location close to downtown Vienna shops, commuter routes, Tyson’s Corner, parks, community center ,and the W&OD trail. Top rated Madison High School Pyramid. This house was featured on HGTV’s “20 Things You Can do to Add Value to Your Home”. This show highlighted the siding project with HardiPlank as the #1 improvement. Visit www.322WestStreet.com for a full tour.
Under Contract! Listed for $950,000. 9721 Cheriton Court, Vienna, Virginia. Stunning brick front Colonial home with over 4,600 square feet of elegant interior that includes 5 bedrooms, 4.5 baths, ample natural light, two-story ceilings, arched doorways, decorative columns, and beautiful hardwood floors. An entertainer’s dream with formal dining and living rooms that flow beautifully into the open concept, gourmet kitchen, breakfast room, and family room with floor to ceiling, stone, fireplace. Additionally, you’ll find elegant light fixtures, a home office, laundry room, and half bath on the main level. Upstairs is a luxurious owner’s suite with a sitting room, a walk-in closet and ensuite with separate shower, soaking tub, and dual sinks. There are three additional bedrooms on the upper level, one bedroom with ensuite bath and two other large bedrooms with adjoining jack and jill bathroom. Walk down and enjoy the finished basement with a recreation room, 5th bedroom, full bath, and walkout access to backyard and patio. The fully fenced, flat backyard is surrounded by trees for maximum privacy. Visit www.9721Cheriton.com for a full tour.
Under Contract in the first weekend! 5284 Meadow Estates Drive, Fairfax, Virginia. Just Listed for $1,099,999. One of the largest wooded lots at Estates At Fairfax with 5 Bedroom, 6.5 baths on 3 levels, and over 7,688 total finished square feet. Two-story foyer with curved dual staircase. Formal living & dining room. Library/home office with built-in cherry cabinets and plantation shutters. Spacious family room with gas fireplace. 10 FT ceilings on the main level. Gourmet kitchen with top of the lines stainless steel appliances & cabinets, huge island, butler’s pantry, and breakfast room. Sunroom, full bath, half bath, and mudroom/laundry on the main level. Luxury owner’s suite with sitting room, custom walk-in closet, and spa-like en suite bath. All bedrooms with private full bath! Lower level perfect for game night with a wet bar/kitchenette, recreation room, exercise room, and 5th bedroom with full bath. Great .44 acre lot backing to trees and a pond. Great Fairfax location close to 29, Fairfax County Parkway, 66 and 28. FFX HS pyramid. Visit www.5284MeadowEstates.com for a full tour.
Under Contract in the first weekend! 9017 Lupine Den Drive, Vienna, Virginia. Just Listed for $1,150,000. Gorgeous brick front colonial in sought after Manors at Wolf Trap with 5 bedrooms and 4.5 baths. Private and serene .41 acre lot on a quiet street. Amazing open floor plan perfect for entertaining. Bright and airy open floor plan with formal living room/dining rooms, family room, office, sunroom, and gourmet kitchen. The spacious owner’s suite features a renovated spa-like bath. Main level laundry with laundry chute & 2 access doors. Finished walkout basement with full bath, 5th bedroom, walk-in closet, recreation room, flex room (possible 6th bedroom), and 9-foot ceilings. Large deck and fenced yard backing to trees. New windows, energy-efficient LED light fixtures, Dual-zone HVAC. Great Vienna location close to Metro, downtown Vienna, parks, trails, Wolf Trap, and more! Open House this Sunday, July 26th from 1-3pm. Visit www.9017LupineDen.com for a full tour.
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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!
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
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.
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!
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!