Falls Church Living

There has been a good level of activity in Woodburn Village this year. Unfortunately, a majority of the sales are still foreclosures and short sales. For the regular re-sales that took place, the prices and appraisals were heavily influenced by the distressed sales. 17 homes sold the first half t...

The market activity at Idylwood Towers has been up this year. While there were 12 homes sold during 2009 - the first half of 2010 saw 12 homes sold. The lowest price was a 1br/1ba at $175,000. The highest price was an updated 3br/3ba property at $310,000. As can be seen on the graph above, the pe...

If you live near the Dunn Loring/Merrifield metro station (Westbriar, Metro Place, Wilton House and Halstead) you are probably curious about what the plans are for the area. Please see the link below to the current plans for the old Remington Mulch location - a development called Halstead Square....

The sales activity in 2010 at the Gates of McLean is on track to be better than in 2009. With the metro and new noise barriers being constructed the community is just getting more and more attractive. There were 18 homes sold in 2009 - in the first half of this year 13 units sold - likely at leas...

The sales activity in Pimmit Hills seems to be about the same in 2010 as it was in 2009. In 2009 49 homes sold compared to 24 homes sold in the first half of 2010. With the activity remaining the same, what is happening to the prices? There has been some expectations that the homebuyer credit wou...

The sales activity at the Fountains of Mclean has great in the first half of 2010. There were 18 homes sold the first half this year versus 23 homes sold in all of in 2009. The lowest price were two 1br/1ba units that sold for $202,000. The highest price was a 2br/2ba property at $337,000. The sa...

Bank of America is now going to do principal reduction - up to 30% it seems. There is some carrot/stick approach that seems interesting. Nevertheless, I could see people that live within their means get upset over this. Whether BoA is giving in to pressure from the current administration or just ...

It seems lenders have started to look more closely into the financial situation of borrowers wanting to do a short sale. Apparently, being upside down and not paying the mortgage is not enough for the bank to forgive the outstanding balance...go figure... Spirited debate on this in a posting on B...

The sales and rental activity at the Fountains of Mclean was steady in 2009. There were 23 homes sold in 2009 (in 2008 22 homes sold.) The lowest price was a 1br/1ba at $182,000. The highest price was a 2br/2ba property at $335,000. The sales mix remained relatively unchanged from 2008 to 2009. I...

Investors and homeowners are still realizing the value at Idylwood Towers. There were 12 homes sold during 2009. The lowest price was a 1br/1ba at $159,900. The maximum price was an updated 3br/2ba property at $315,000. As can be seen on the graph above, the number of foreclosures were up in 2009...