West Falls Church Metro

In the radius of 0.5 m around the metro, there are 4 detached houses on sale: from $670 k for a 1948 cape cod and upto $1,250,000 for a newer detached house with 5 bedrooms. There is also a new single family house in Ellison Heights for almost 900k. The latter one has 4 bedrooms and 41/2 baths.
It is a good idea to purchase a property now, when you can still take advantage of a $8,000 tax credit.

For those who are are not ready to buy, there are quite a few properties for rent. You can rent a 1 bedroom condo unit for $1,125/mo, a single-family house from $2,275/mo to $4,500/mo and a townhouse in Falls Place for $2,400/mo.

All the above properties are walking distance to the metro. None of them are short sale or foreclosures.

WHAT IS GOING ON?

Mortgage bond prices had another terrible week pushing mortgage interest rates considerably higher. (The interest rates rose by about 1 and 1/2 of a discount point!!!). Oil prices continued to escalate hitting over $70/barrel. The Fed attempts to keep rates in check were not very effective as selling pressure continued. Bernanke tried to calm the markets by reiterating forecasts of tame inflation but his words fell on deaf ears among bond traders. Unemployment was 9.4%, higher than the expected 9.2%.
The low mortgage interest rates that everyone considered a given have quickly gone away.
How does this affect the real estate market? Purchasers have started withdrawing from the market... Most likely, we will see more short sales and foreclosures in the months to come....
As expected, properties at walking distance to metro stations remain very attractive for purchasers.

West Falls Church metro

Today, we can find several properties for rent near this metro station. The cheapest is $1,500/mo - a 1 bedroom condo in the Pavillion and the most expensive is $2,100/mo for a 3 bedroom 2 full bath detached house in Ellison Heights.

Sales: Out of 13 properties in the radius of 03.m around metro, 11 are detached houses and 2 - 2 bedroom condos. The most expensive detached house is a new house listed for $1,374k. The cheapest is listed for $389.5 - but the value is only in land which is less than 0.2 acres.
Condo units -$400k and $475k respectively. Both are 2 level 2 bedroom units. About 1,200 sq.ft each. Both are normal sales - not foreclosure or short sale. Hurry! Interest rates are creeping up...

Need to get more info - email or call me.

Ballston - Properties for Sale

There are almost 50 properties for sale in the radius of less than 0.3m from the metro. From $288k to $1mln for condo units. Also, two townhouses ($630k and 1,090k) and 2 detached houses ($1,250 and $1,350k accordingly). The latter ones are pretty new (2006 and 2007).
Want more info? I am just a call away. But please talk to a loan officer first... And the best in his field, too. If you need to get a name and number of one, let me know.

Ballston Rentals

Ballston is a nice town to live and work in. If you are thinking of renting near Ballston metro, at a radius of 0.3m around metro there are at least 15 properties that are available (from $1,400/mo to $4,200/mo). $1,400/mo is just an efficiency, fully furnished, with a washer/dryer in unit and ....just 1 block away from the metro.
And as for $4,200 - it is an end unit 4-level townhouse - total square footage is 3,000 sq.ft. Also just a block away from the metro. It is not furnished.... But, it has a 2-car garage.
Make your choice. :)

Want to live by Vienna metro?

Vienna metro is the last station on Orange Line. There are three towns that are very near: Vienna, Fairfax and Oakton. If you want to be in less than 0.4 miles to the metro, here is your link to available houses and condo units: www.viennametrohomes.com

Steps to West and East Falls Church Metro Stations

Falls Church has two metro stations: West Falls Church and East Falls Church.
East Falls Church- radius of 0.4m from the metro: there are 12 properties for rent (price ranges from $1,800 t0 $3,800/mo) and 14 properties for sale (5 of which are condo units). Of the available townhouses and detached houses the cheapest if $500k and the most expensive is $1,240k. You shoudl know that the cheapest property (a detached house) is being used by the owner for storage.... Its living are is only 1,393 sq.ft...
West Falls Church - 05. radius from the metro - there are 22 properties on the market. 4 are for rent : $1,850 - $5,200/m0; and 18 for sale ($300k for a 2 bedroom 1 bath condo to $1,300k for a detached house built in 2007 .