Potomac Yard | Del Ray | Old Town Alexandria Real Estate News

July 7, 2010

Manchester Lakes In Alexandria VA 22310 Real Estate Update For June 2010

Manchester Lakes In Alexandria VA 22310 Real Estate Update For June 2010
Townhome Sellers Should Enter The Market Now

The condos of Manchester Lakes were holding steady in the month of June.  No more units under $100,000, but clearly, the units in the $200k price range had the greatest amount of volume in terms of active listings last month.  They are being absorbed.  With six units going under contract, there's still hope for the homeowners in this price range.  However, the lone Manchester Lakes condo unit in the $300,000's will have to appeal to buyers, who have more affordable units and fee simple townhomes to choose from.

The Manchester Lakes townhome activity was quiet last month.  Now is the perfect time for townhome owners in Manchester Lakes to consider putting their home on the market.  The competition is manageable, and with below 5% interest rates, the right marketing from a great Manchester Lakes listing agent could sway potential condo buyers into a fee simple townhouse.

 Manchester Lakes Photo Tour   Manchester Lakes Video Tour

Posted in Market Reports
July 6, 2010

Kingstowne VA 22315 Market Statistics and Real Estate Update For June 2010

Kingstowne VA 22315 Market Statistics and
Real Estate Update For June 2010

 

 

For the Kingstowne condos for sale, the inventory of units in the $200,000's are crowding themselves. In order to shine, and be one of the units lucky enough to get an offer in the next 30 days, today's buyer is looking for upgrades, cleanliness, and move-in readiness. Four Kingstowne condos went under contract in the last 30 days.   The units in th $300,000's are holding strong, with not as many competing in that bracket, including one unit that went under contract recently.

What's really coming on the market for sale in Kingstowne VA are the townhomes priced in the $400,000's. Out of the 52 townhomes for sale, 29 are in the $400'000's; and the $500,000's are coming in second place with 16 units for sale.  What's really going are the Kingstowne townhomes in the $300,000's.  Perhaps with the expiration of the Federal Homebuyer Tax Credit, buyers in this price range may be one-income households who are passing on the $200k condos, for a little more space, and more ownership bang for the buck by avoiding a condo fee.

If you're thinking about putting your detached Kingstowne home up for sale, then you won't have a lot of competition. One home for every bracket from $400,000 to $799,999.  Now may be the time.  If eleven townhome sellers now need a new place to call home, they just might want to stay in the neighborhood!

See Also: Kingstowne Real Estate Video Tour

       Kingstowne Homes For Sale  List Your Kingstowne Home

Posted in Market Reports
July 5, 2010

HAFA Helps Alexandria VA Short Sales With Guidelines And Timelines

July 2, 2010

Celebrate 4th Of July In Alexandria And Around Washington DC

Celebrate 4th Of July In Alexandria VA
And Around Washington DC In 2010

 WASHINGTON DC
4th of July Fireworks on the National Mall
Fireworks Time: At dark, usually around 9:15 p.m.
Rain Date: July 5th
Launch Location: The fireworks are launched from the Lincoln Memorial Reflecting Pool and light up the sky over the Washington Monument.

VIRGINIA
Alexandria

Oronoco Bay Park, 100 Madison St., Alexandria, Virginia. Celebrate Alexandria's Birthday & the USA's on Saturday, July 10, 2010, 4-10 p.m. Enjoy a concert by the Alexandria Symphony Orchestra at 9 and fireworks at 9:30 p.m.

Falls Church
George Mason High School, 7124 Leesburg Pike, Falls Church, Virginia. Live music will start at 7 p.m. followed by fireworks at 9:30 p.m.

Fairfax
July 3, (rain date - fireworks only July 4) Fairfax City, Independence Day Parade through the downtown area beginning at 10 a.m. Musical entertainment begins at 7 p.m. at Fairfax High School with a spectacular fireworks display at dark. (703) 385-7858.

McLean
Langley High School, 6520 Georgetown Pike McLean, Virginia. (703) 790-0123. Music performances, food, games, and activities for kids. Grounds open at 6 p.m. Fireworks at dark.

Leesburg
Ida Lee Park, Rt. 15 (King Street) and Ida Lee Drive, Leesburg, Virginia. (703) 777-1368. Gates open at 6 p.m. Fireworks around 9:30 p.m.

King's Dominion
16000 Theme Park Way, Doswell, Virginia. Independence Day celebrations and fireworks.

Posted in News
June 30, 2010

Video: Northern Virginia Market Watch And Statistics For May 2010

Posted in News
June 27, 2010

Alexandria VA Short Sales | 4420 Pembrook Village Drive (Pembrook Village) | Alexandria VA Condos For Sale

Alexandria VA Short Sales | 4420 Pembrook Village Drive (Pembrook Village) |
Alexandria VA Condos For Sale
 

4420 Pembrook Village Drive

Alexandria VA listing agent Tamara Inzunza has just listed a beautiful two bedroom/two bath, three level end unit condo that is move-in ready.  This short sale requires third party-lender approval. 

Features include: 

* - two master suites, each with its own full bath 

* - living room with wood-burning fireplace 

* - updated kitchen appliances 

* - stack washer and dryer 

* - walk-in closet in master bedroom 

* - upper level balcony 

* - upper level loft/den, perfect for the home office space 

* - assigned parking and lots of visitor parking 

This home offers a convenient Alexandria location that is roughly 15 minutes away from the Huntington metro station, which is the end of the yellow line.  For military families relocating to Northern Virginia, it is located less than 10 minutes to Fort Belvoir (south), and from the Huntington metro offers a direct route to the Pentagon. 

Subdivision: Pembrook Village 

List Price: $130,000 

Bank: Chase Short Sale 

Listing Agent: Tamara Inzunza, CDPE, CDRS, SFR (Listing agent specializes in short sales) 

Alexandria VA Short Sale Specialist | 703-623-8759 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                           

Posted in Buyers, Condos, Short Sales
June 23, 2010

Old Town Alexandria Short Sales | Wachovia Fast Track Program Cuts The Wait For Old Town Homeowner Facing Foreclosure

Old Town Alexandria Short Sales |
Wachovia Short Sale Fast Program Track Cuts The Wait For Old Town Homeowner Facing Foreclosure
 

415 S. Royal Street Approved Short Sale In Old Town Alexandria

Old Town Alexandria homeowners facing foreclosure can get faster help if they have a mortgage with WachoviaWe've just completed another successful short sale, this time with Wachovia Mortgage.  Wachovia has recently introduced its Short Sale Fast Track program which significantly reduces the dreaded 'wait period' that comes with buying a short sale. 

I commend Wachovia for being a frontrunner in changing the way that they process short sales.  As as short sale listing agent, one of the hardest parts of the transaction is keeping the buyer interested while other homes come and go on the market.  It's tough for the anxious seller to wait for a response as well, because they need to make plans for finding another home. 

With a streamlined approach, the Wachovia Short Sale Fast Track program has distinct advantages that other banks do not offer including: 

  • the homeowner/borrower does not have to be late on the mortgage to be considered for the program
  • may offer up to $2500 to the homeowner
  • less documentation than what is typically required, only the listing agreement, purchase contract, and preliminary HUD-1 settlement statement as prepared by a local settlement attorney
  • no deficiency judgment or promissory note
  • response within 30 days, and closing within 30 days after approval

If you currently have a mortgage with Wachovia, you may qualify to sell your home as a short sale by participating in their Fast Track program.  Even if you are behind on payments or have received a notice of default or notice of trustee's sale in the mail, we may be able to stop the foreclosure process. We've done it before! 

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759. 

                           

Do You Qualify For A Short Sale? 

 

Posted in Sellers, Short Sales
June 22, 2010

Lorton VA Short Sales | 9174 Furey Road In Laurel Highlands

Lorton VA Short Sales | 9174 Furey Road In Laurel Highlands

Lorton VA Short Sale Listing By Tamara Inzunza, CDPE, CDRS, SFR

 

Move-in ready with lots of upgrades, this distressed property shows no signs of stress!  Features include:

  • * - Hardwood floors on main level
  • * - Powder room on main level
  • * - Separate dining room
  • * - Rear kitchen with island, upgraded cabinets, gas cooking
  • * - Family room off kitche w/gas fireplace, french doors
  • * - Rear elevated TREX deck (no maintenance, no staining, heat resistant)
  • * - Upper level laundry room w/full sized washer and dryer
  • * - Master bedroom w/tray ceiling, custom built-ins in walk-in closet
  • * - Luxury bath with soaking tub, separate shower, double vanity sink
  • * - Walkout lower level finished with rec room, third full bath

 

Subdivision: Laurel Highlands

List Price: $425,000

Bank: Chase Short Sale | Bank of America Short Sale

Listing Agent: Tamara Inzunza, CDPE, CDRS, SFR (Listing agent specializes in short sales)

Lorton VA Short Sale Specialist | 703-623-8759

As a Certified Distressed Property Expert and Certified Default Resolution Specialist, I help homeowners who are in distress understand their options.  These options may include loan modification, forebearance, short sale, Homeowner Assistance Program (HAP) for Northen Virginia military families, or other alternatives that may be approved by your lender. Before you max out your credit cards or deplete your savings trying to keep your mortgage current, feel comfortable giving me a call at 703-623-8759.

                         

Posted in Short Sales
June 9, 2010

The Shadow Knows | Northern Virginia Marketwatch Real Estate Update And Home Sales Statistics

The Shadow Knows | Northern Virginia Marketwatch
Real Estate Update And Home Sales Statistics

What lurks in the future of Northern Virginia's real estate market? With a tip of the hat to the old radio serial of the 1930s, The Shadow Knows.
 
In this case, we are watching two "shadows" closely: the much-discussed shadow inventory of distressed homes that may flood the market, as well as the long shadow cast by the specter of rising interest rates.
 
Distressed homes are short sales - those where the owner sells owing more than the house is worth - and foreclosures, broadly defined as those homes lost to the lender because of default on the mortgage. One of the measures we look at is the trend in new listings coming on the market in our regional multiple listing system and, as the chart to the right indicates, there is not yet an upward trend in this distressed inventory. Short sales (the yellow bar) constituted 16.6% of new listings in the first 4 months of 2009 and 14.8% in the same time period of 2010. Foreclosures (the red bar) were 7.2% of all new listings in January-April 2009 and just 2.3% so far this year. This doesn't mean there's nothing to worry about, because we know that lots of home owners are still upside down on their mortgage - but we are encouraged that the "shadow" inventory isn't exploding.
 
Frankly, we're convinced that rising mortgage interest rates will have more impact on the market recovery than distressed inventory, but we're tempering our concern over the fact that, as rates rise, 3-, 5- and 10-year adjustable rate mortgages will become more popular, and their lower-than fixed rates will help cushion the loss of buying power that will come with higher rates. For more metro area statistics, visit http://www.mcenearney.com and click on the "news" tab.

Graph of New Listings
Short Sales, Forclosures & Non-Distressed Properties
Northern Virginia - January 2009 - Current
 

If you're thinking of a move, don't let the summer sail on by ... A great selection of homes is currently available, but the inventory is changing frequently. 

For the most up-to-date assessment of our LOCAL market, please call me today. As an industry leader, McEnearney Associates prides itself on it's comprehensive knowledge throughout our area ... data and statistics that just may surprise you.  

                     Search Homes For Sale  List With Me

 

June 7, 2010

Del Ray Condos For Sale | Rosemont Condos For Sale At 300 Commonwealth Avenue Unit 2

Rosemont Condo At King St Metro For Sale
Overview
Maps
Photos
Description
Market Stats
$335,000
Single Family Home
For Sale
Main Features
2 Bedrooms
1 Bathroom
Interior: 724 sqft
Location
300 Commonwealth Avenue
2
Alexandria, VA 22301
To get updates on open house dates and other property events, please click the "Like" button below:

Tamara InzunzaTamara Inzunza

McEnearney Associates, Inc. Realtors
(703) 703-286-1228
tamzoo@movingtonova.com
http://www.MovingToNova.com
Listed by: McEnearney Associates, Inc. Realtors
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Posted in Buyers, Condos