Realestatefall2015

FALLS CHURCH NEWS-PRESS | FCNP.COM

FALL 2015 | PAGE RE-1

RealFallEstate 2015

Local Architects & New Home Builders Talk Future Proofing

by Drew Costley

Falls Church News-Press

Mark Coupard, architect and founder of the Falls Church-based Coupard Architects & Builders, said, with a chuckle, that he spent a couple hours in front of the TV watching “The Jetsons” when he was a kid.

But he says, despite not being able to predict what’s coming in the future, his clients don’t have Jetson-like expectations for their home when it comes to future proofing.

“Rather than the Jetson-like pieces on site, you know where a conveyer belt comes and a chair picks you up and ferries you

around, what clients are aware of and they’re expecting is more of the ability to control things from afar,” Coupard said. “And then putting systems in [homes] that control themselves, you know, [like being able to] program your thermostat to work efficiently while you’re away from the house.

“So, it’s not automated physically, but it’s more of a control thing. That’s what’s available now.

That’s what I think will become even more available...the ability to run your house and monitor your house and control your house from afar.”

Future proofing, when it comes to real estate, is the designing and building of structures while antici-

pating the future and attempting to minimize the shocks and stresses of future events.

And the concept has become considered increasingly by homeowners, home builders and architects over the last decade as technology has allowed for homes to become more energy-efficient, convenient and secure.

In fact, Coupard Architects & Builders is currently renovating a house on the corner of Park Avenue and Pennsylvania Avenue in Falls Church that will serve as a demonstration house for Alarm. com, a security and home automation company based in Vienna.

Continued on Page RE-3

THIS LAKE BARCROFT HOME, designed by Falls Church’s Moore Architects, is wired for home automation. Controlled with super thermostats, it also has an automatic shading system, which the owner can control from their iPhone.

(Photo: Courtesy of Anice Hoachlander Photography)

MORE INSIDE: Former VP’s McLean Home at Auction page RE-2 | Home Improvement ROI page RE-4 | Top F.C. Home Sales page RE-7

Questions about local real estate?

Ask the Market Leader and Top Producer,

Bethany Ellis www.buyandsellwithbethany.com PROUDLY PRESENTED BY:

ROCK STAR Realty ... ROCK STAR Service

If you’re thinking of buying or selling this Fall, call me, your Falls Church Neighborhood Expert.

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Bethany Ellis

Realtor ®, e-Pro, SRES Long and Foster Real Estate #1 Agent in Sales in Falls Church Office. preferred (703) 307-7003 bethany.ellis@longandfoster.com www.buyandsellwithbethany.com

TM

Falls Church Office 6299 Leesburg Pike Falls Church, VA 22044 (703) 534-9660

2015 2014 2013 2012 ®

REALTOR

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2101 Wilson Blvd, Arlington, VA 22201

703-867-8674 Tori@ToriRocksRealEstate.com ToriRocksRealEstate.com © 2015 Tori McKinney, LLC

R EA L E STATE

PAGE RE-2 | FALL 2015

FALLS CHURCH NEWS-PRESS | FCNP.COM

Former VP Dan Quayle’s McLean Estate Up for Auction

BY KATE KARSTENS

FALLS CHURCH NEWS-PRESS

On Wednesday, Sept. 16 at 6 p.m., the estate of the former Vice President, Dan Quayle, will be the item for purchase at an on-site auction. The 4,500 sq. ft. home sits on 1.84 acres of land on a corner lot, surrounded by the wooded hills of McLean and numerous estates. The five-bedroom brick home at 1013 Union Church Road played host to the Quayles for 17 years, serving as a retreat house during the presidency of George H.W. Bush.

The house was placed on the market over three weeks ago with a list price of $1,595,000. With no offers, the Quayles looked towards auctioneer Anne Nouri of Prime Auction Solutions to sell the house so the family could move on to their new residence in Phoenix, Arizona.

“In order to attract a large group of buyers, the starting bid will be $850,000,” said Nouri.

“This will encourage any possible buyers to stop shuffling their feet and make a decision upfront.”

Spectators are welcome to attend the auction, however interested buyers must register with Prime Auction Solutions and

bring funds for 10 percent of the purchase price. A guaranteed deposit must also be made in the form of a Bank Cashier’s Check for $35,000.

Those interested may attend the last open house on Saturday, September 12, from 1 – 3 p.m.

The first, however, on Aug. 28, saw few visitors.

“So far, we’ve had a couple people in,” said Nouri during the first open house. “We do expect a large group of buyers for the auction, though. A couple homes in the area have recently been sold for around two or three million.”

The price of the home is credited to not only a celebrity owner, but the addition Dan Quayle made to the side of the house. A great room, 27 by 30, with two sides covered in glass windows, one overlooking the pool in the backyard and one with a street view.

The yard of the house is extensive, with a pool in the backyard, as well as a space for a sport court to be added. The front yard is host to a winding driveway leading to the side of the house and a manicured lawn. Location of the Quayle estate is convenient as well, only 15 minutes to Tysons Corner and Wolf Trap is under three miles

THE FORMER VICE PRESIDENT DAN QUAYLE’S McLean home, which goes up for auction on Sept.

16, features a wood stove in the living room. (P����: K��� K�������/N���-P����) away The buyers will have access to McLean schools and reside 30 minutes from the Capitol.

“When the Vice President would come for the weekend, the Secret Service would guard just over there,” said Nouri, pointing over the large hill that the house rests on to the street.

The house was built in 1977, and Quayle bought it just following his election as the Vice President for H.W. Bush. He added many amenities: the pool, great room, and a wood stove to add to multiple fireplaces scattered in the home. These additions have led to great expectations for the auction attendance.

The heated political season is opportune for the auction, which is open to both buyers and spectators. “Any property that has celebrity status plays into the selling of the house,” said Nouri.

“Especially during the primaries, there is even more interest and we’re expecting a great turnout.”

FALLS CHURCH NEWS-PRESS | FCNP.COM

R EA L E STATE

SEPTEMBER 3 - 9, 2015 | PAGE RE-3

Future Proofing One of the Latest Trends in Home Building Continued from Page RE-1

“I’ve learned a lot by working with them,” Coupard said.

“Basically, everything is moving towards being connected in the house. We can’t know completely all of the products that are going to be available to us, but we know that we’re moving towards being able to control the systems that are in there to make them more efficient.

“For instance, if you want to have your heat run low during the day and then you realize that you’re going to go home, you can switch the heat on from your cell phone.”

While no one will live in the house that Coupard’s firm is renovating for Alarm.com, the house will showcase the company’s services, such as interactive security, video monitoring, access, energy management, home automation and wellness. Coupard said the project should be done by the end of 2015.

“It’s to inform the general public about their services, but also to show potential clients their technology,” Coupard said. “And they’re going to use it as a lab of sorts and film demonstrations there. It’s going to look and feel like a house, but it’s still going to be a commercial property.”

Charles Moore, founder of another Falls Church-based architecture firm, Moore Architects, said that pretty much every house that his firm works on has some level of smart technology.

“It depends on the house. We do a lot of renovation work, full house renovations, but we also do new houses as well,” Moore said.

“So...the size of a project and the complexity and the value of the project kind of determines how far folks go into the weeds for future technology.”

He said that clients of his who are building new houses definitely have an interest in future proofing their homes, which encompasses more than just wiring homes for automation. “Smart technology, I would suggest, covers a lot more than just putting a Cat6 wire in the house,” Moore said.

“It includes all of the LEED Standard issues as well, including insulation and non-off-gassing materials. It’s not just making it so that you can monitor the thermostat from China, which most of our houses do.”

Moore said that Moore Architects has several different levels of “coverage” when it comes to designing, renovating and building homes for the use of smart technology and cost is a

determining factor in what clients decide to put in their homes.

“Doing a boatload of smart house technologies costs more money,” Moore said. “And while everybody wants the technology of a smart house...a lot of people, I would suggest, can’t afford that.”

He offered thermostats for an example. The Nest Learning Thermostat, which learns the temperatures the homeowner prefers and controls the climate of a room based on those preferences and the weather outdoors, costs between $200 – $300, while a Honeywell programmable thermostat costs much less than that.

“The Nest is smarter in the sense that you can control it from your iPhone; the less expensive thermostat may be something that you can control by programming it, but not necessarily from your iPhone,” Moore said.

Some of the future proofing projects that Moore Architects do for clients include wiring the house for thermostat, lighting, window shading, security and media control systems, geothermal heating and cooling systems and hot water radiant floor heating systems. Unfortunately, Moore said, a lot of these projects have higher upfront cost, although they save homeowners money in the long run.

“All of them are great ideas,” Moore said. “But they also have to be balanced with the cost of construction. So there are lot of new houses in the market right now, even looking at the City of Falls Church, which don’t really employ any of those things or employ few of those things.”

One of the houses that Moore Architects designed that has several smart technology features is in the Lake Barcroft neighborhood of Fairfax County. “We did that house about five years ago, so even in five years, the level of smart house technology has changed,” Moore said.

“But that house is totally wired for with Cat6 wiring, it’s controlled with super thermostats, it has an automatic shading system that allows the owner to open and close blinds with their iPhone whether they’re there or not.

“The owners are a couple who spend a lot of time travelling, so they want the house to look totally lived in and active even when they’re on the West Coast.”

One innovation that is only starting to be introduced to the market and has gotten architects and home builders excited is the Tesla Powerwall, which was announced a product launch in late April 2015. It’s a lithium-

COUPARD ARCHITECTS & BUILDERS, a firm based in Falls Church City, is renovating this house on the corner of Park Avenue and Pennsylvania house so that it can serve as a demonstration house for Alarm.com, a Vienna-based company that specializes in installing security and home automation systems. According to Mark Coupard, founder of the company, the project will be done by the end of 2015. (Photo: Drew Costley/News-Press) ion battery manufactured by Tesla Motors and it stores electricity for home use, load shifting and backup power.

“All of the new houses and major houses we do have generator backups, so...we have a lot of discussions about the new Tesla battery,” Moore said. “We can’t wait to try it out….We think that could be a big game changer to giving homeowners the ability to have backup power.”

He said that currently most of his clients use natural gas and generator backups for energy, so to be able to disconnect from that would be great. “So we’re watching [the Powerwall],” Moore said. “It’s a great potential technology.”

Coupard said that the Tesla Powerwall, in combination with homeowners that generate energy through solar collecting, will make a lot of the other future proofing features affordable for mass markets. At least one of the solar collectors who Coupard Architects and Builders has worked with sells power back to the power company.

“I think it’s really promising and we knew that it was coming,” Coupard said. “We didn’t know that Tesla was going to do it, but people are working to make the [solar] collection and the battery systems work better and the better they work the more they’ll be useful and more people will be able to afford them.”

Another aspect of future proofing homes is designing and building homes so that families and couples young and old can age in place. Coupard said he sees accessibility as part of the concept of future proofing homes.

“A lot of people at least consider that when they’re building a home. It’s pretty straight forward.

You want to make the space big enough if they use a walker or a wheelchair and you make doors wide enough,” Coupard said.

“That’s pretty easy to do on the front end. It’s a lot harder to retrofit a house to make that work.

Sometimes you might have to arrange a whole floor so a resident can live their whole life there if they need to.

“Sometimes you suggest that to people and sometimes that’s what people are coming to you for. They don’t see themselves moving and they want to be independent as long as they can and because of that they want to make that house work, even if that’s not what they need at the moment.”

Single-family home builders and architects aren’t the only ones future proofing the structures that they build. The Alexandria-based Cooper Carry works on commercial and multi-family structures and also considers future proofing when designing new structures and retrofitting older ones.

“There’s at least four of five things that we look at when working from a ground-up per-

spective,” said David Kitchens, principal architect of the MixedUse Specialty Practice Group at Cooper Carry. “And with all the smart technology out there, from a multi-family perspective, almost everything can be performed from your iPhone or from an app or something like that.

“So we see a lot of our developer clients making their facilities smarter related to security, lighting, HVAC operation and that could go to everything from parking your car to getting in the front door to getting into your apartment….It’s all becoming more digital from that standpoint and therefore there’s a lot of considerations going on in relationship to wiring technology, wireless technology and also making [buildings] energy-efficient and eco-friendly.”

He said that the other consideration when it comes to future proofing structures is water management. “We’ve been using the low flow toilets in our buildings for several years, but now we’re getting into tankless water heaters, the ventless dryers and those kinds of things,” Kitchens said.

“Because those kinds of things not only are more energy-efficient, they also save space. If we can design an apartment that doesn’t have to have as much room for a water heater and a washer and dryer, we really save a lot of square footage and kind of throw it into the living areas.”

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PAGE RE-4 | FALL 2015

FALLS CHURCH NEWS-PRESS | FCNP.COM

Steel Front Doors Offer Best Home Improvement ROI

BY PATRICIA LESLIE

FALLS CHURCH NEWS-PRESS

DENNY + GARDNER, a home improvement company based in Sterling, remodeled the kitchen in the photo above. According to the Cost vs. Value Report, 80 percent of the cost of the average major kitchen remodel job in this region brings is recouped by homeowners. (P����: C������� �� D���� + G������)

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Ask a Falls Church Realtor, builder, or contractor about the best things homeowners can do to get higher prices for their homes, and nine of ten will say “kitchen and bath.”

In the Washington region, an average “minor” kitchen remodeling costs about $20,000 and will bring about 82 cents in resale value for every dollar spent, while a bathroom remodel is $17,500 and returns about three quarters for every dollar.

These average costs and projects are listed in this year’s Remodeling publication’s Cost v.

Value Report found at remodeling. hw.net/cost-vs-value/2015.

The best return or the biggest “bang for your buck” is a new steel front door.

Average Washington cost: $1,241. How does a return of $1.13 sound for every dollar invested in a new door?

Jim Lynch of Foxcraft Design Group says a new front door has “curb appeal,” and if the old door “is hard to open or is leaky,” it

makes sense to replace it.

He and Merelyn Kaye of McEnearney Associates have other, cheaper ideas for home sellers: declutter and clean, clean, clean.

For the yard “the best things you can do, trim the bushes, mulch, and make sure nothing is peeling,” Lynch said.

Bethany Ellis of Long & Foster Real Estate said about $2,000 is enough to update a kitchen “as long as the cabinets are okay.”

She said granite or stone counter tops, stainless steel appliances, paint, and new floors can make a huge difference in a sales price.

Jason Denny with Denny + Gardner who was at 2119 Westmoreland directing a remodeling job, agreed.

“A new state-of-the-art kitchen, bathroom, new wooden floors sell it quick,” Gardner said.

The owner of the Westmoreland house chose new cement siding for her house which the reports considers an “upscale” improvement (average area cost, $14,300, with an 84 percent return), but “in this neighborhood” in Falls Church, it makes sense, Denny said, and

FALLS CHURCH NEWS-PRESS | FCNP.COM

he pointed to a neighbor’s house with less expensive vinyl siding ($12,500 cost and a 79 percent return).

Remodeling for a home office (almost $30,000 in the region with a 55 percent return) may not make financial sense to sell a home, but “if a house has an office, it’s a good thing,” Ellis said. Especially in this area where a huge number work from home, “an office is a benefit.”

Kaye agreed: “People do like offices,” but if’s it’s a remake from a bedroom, turn it (and all rooms) back to their original uses to sell the house.

“Is it my home or my bank account?” is a question Lynch said sellers need to ask themselves.

“Am I selling my house next week or next month?” Do I want to live in it or sell it? The answers make a difference.

Organizing does, too.

“Re-do the closets so you can find your shoes,” to avoid buying new ones which you can’t find in your own house, Lynch said.

Do not neglect the little projects, the ones many avoid since they are not that hard, but “one little thing becomes three big things,” Lynch said.

Ellis said an area trend is to bypass “fixer-uppers” because

FOR SALE!

R EA L E STATE

buyers are so busy and don’t have the time to do it themselves.

“It’s better to invest in the house rather than reduce the price,” she said, “Things that can done so that the buyer doesn’t have to do anything” accelerates sales, and $10,000 invested is a good sum “to get it ready.”

Kaye said professional home staging is absolutely critical to selling a house.

“Anyone who doesn’t have a home stager is making a serious, serious mistake. An interior

decorator is different from a home stager” since stagers “know what appeals to the public.”

Money for a wooden deck ($10,000 and 96 percent return) “would be money well spent,” Kaye said. She has sold plenty of homes without a deck, but most houses “need one or a patio.” It’s rare for someone to demand a screened-in porch.

Forget about sunrooms to sell (60 percent regional return), and backup generators dropped 15 points nationally in one year to second to

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erator was important” in buying a home, and over the 45 years she has spent in real estate, Kaye has “not had anyone ever ask me about one, but we are thinking about it” for her own home.

JASON DENNY OF DENNY + GARDNER, the company remodeling this house at 2119 Westmoreland St., says the home’s owner is investing in a new front door and siding, among many upgrades to her house. (Photo: Patricia Leslie/News-Press)

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FALL 2015 | PAGE RE-5

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PAGE RE-6 | FALL 2015

R EA L E STATE A Falls Church News-Press Advertorial

FALLS CHURCH NEWS-PRESS | FCNP.COM

Meet Falls Church’s Real Estate Experts B����� D����� B����

T��� M�K�����, K����� W�������

Proudly, Bowers Design Build, Inc. is a family-owned and operated business. Bowers was formed in 1990 by Bruce Bowers. Since that time, the firm has completed hundreds of residential projects in the McLean, North Arlington, Oakton, Vienna, Falls Church, Fairfax and Great Falls areas.

Bowers is one of Northern Virginia’s most respected, design/build firms, inside and outside the industry.

Lots of firms say they offer full-service. But when we say full-service, we mean: • Architectural design services at competitive prices with a proven track record of functional, beautiful and uniquely custom designs.

• Interior design services. With hundreds of product choices, we offer interior design services to help you make the best overall selections of plumbing and lighting fixtures, tile, cabinetry, flooring, and more. We guide you to the best products within your budget range.

• Detailed budgets (no surprises) and dedicated timelines. We do absolutely deliver on-time and on-budget.

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• Safe and clean job site. Your safety and comfort are priorities.

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• Full warranty on all work performed in addition to the installed product warranties.

Together, our architects, designers, carpenters, suppliers, subcontractors, and the entire Bowers staff share a pride of workmanship and respect for the homeowner that is second to none. Whether you want a new home, whole house remodel, major addition, a new master suite, or rejuvenated kitchen, Bowers has the time tested processes and relationships it takes to make your experience the best in the business.

From Concert Halls to City Hall and through the Halls of Your New Home, Tori McKinney moves with purpose, energy, and positivity: “When you put your heart and soul into everything you do, you get more out of life!”

Tori moved to Falls Church City in 1998 and, initially, owned a concert promotion firm where she worked with New Orleans bands to produce shows throughout the East Coast. In 2005, Tori transitioned into real estate, but she brought the ROCK’N ROLL with her as she promises “ROCK STAR Service” to all of her clients.

As a resident of the Little City for nearly two decades, Tori believes a sense of community requires active participation and she leads by example. Tori actively supports: Falls Church Chamber of Commerce, Creative Cauldron/Falls Church Arts, Falls Church Education Foundation, FIRSTFriday/Art-a-Lot, Tinner Hill Blues Festival, and Taste of Falls Church. She also is Vice Chair of the Housing Commission, Chairperson for the Business in Education, named Pillar of the Community by the Falls Church Chamber, named one of the Top Producing Real Estate Agents by Washingtonian Magazine, and for the fourth consecutive year, has been voted Best Real Estate Agent in the Falls Church News-Press’ Best of Falls Church.

As a tireless Falls Church advocate, Tori has helped countless families buy and sell homes over the past 10 years. Tori puts her heart and soul into the Falls Church community and gets so much in return.

Bowers Design Build 6715 Whittier Avenue Suite 200, McLean, VA 22101 703-506-0845 • bowersdesignbuild.com

B������ E����, L��� � F����� Bethany is a hard-working, ethical and detail-oriented expert in Northern Virginia real estate. For the past four years, she has been the Top Individual Sales Agent at her Falls Church office where she continues to own and operate a highly successful business. And the trend for 2015 continues!

Bethany is a full-time agent who will communicate with you and do whatever it takes to ensure a smooth transaction.

Throughout the entire process, she will deal with any hiccups while valuing your input. From your first meeting until closing, Bethany will ensure your experience is enjoyable and seamless. Bethany’s goal is to build a long-term relationship with her clients so she can help you, your friends and your family, for years to come.

Bethany also has direct access to lenders, home inspectors, settlement groups and many various vendors. If you are looking to find a new home, sell your current home, or need answers to any real estate questions, please contact her.

Bethany Ellis, Long and Foster Real Estate 6299 Leesburg Pike, Falls Church, VA 22044 703-307-7003 • buyandsellwithbethany.com

Tori McKinney, Keller Williams Realty 2101 Wilson Boulevard, Arlington, VA 22201 703-867-8674 • torirocksrealestate.com

RE/MAX �� ���������� RE/MAX by invitation is committed to providing the highest quality real estate services to buyers and sellers in Northern Virginia, D.C. and Maryland. Our exceptional customer service sets us apart from other real estate companies. Our team-based approach ensures that every client gets detailed attention and understands each and every step of the real estate transaction. RE/MAX by invitation agents pay attention to the details, and manage each home sale or purchase from start to finish and beyond! Agents receive the most current training to stay abreast of the ever-changing real estate laws and expertly advise our clients on any real estate needs.

Simple, effective, honest communication is the cornerstone of every home purchase or sale at RE/MAX by invitation.

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K���� S��������, F������ R����� Are you considering buying or selling real estate this year? If so, give Kathy Szymanski a call and benefit from her 25 years of personalized service and keen knowledge of the local market. See what some of her clients are saying: “Thank you again, and again. I just can’t say enough about what an excellent adviser you have been. It will be a real pleasure to recommend you to anyone

seeking to buy, sell or rent. Working with Kathy was the smartest move we’ve made in a long time.”

“Your expertise, professionalism, patience and understanding of this market fit my needs perfectly! I appreciate your response to every detail whether it was curiosity or a serious financial decision. Your integrity, honesty and character make you stand out in this market.”

“Thank you for your patience. As first time home buyers, we needed our hand held. You seemed to know when to hold it and when to let go so that we made the decision on our own, but with valuable input and background gained from all the houses we looked at!”

“Kathy is an exceptional Realtor. We’ve worked with her three times, buying and selling. She’s an expert. She works superbly in a time crunch, which is helpful to those – like us – moving overseas, or just returning from overseas.”

“I used Kathy when I was looking for an investment condo in Arlington...Kathy provided me with more due diligence than I’d even hoped for. I love her way of presenting information and asking questions to lead me into making the right decision for me. It was a joy working with Kathy and I’ll call her again in a heartbeat.”

Give Kathy a call. You, too will be glad you did. Call 703-534-4630.

Kathy Szymanski, Fairfax Realty 7611 Little River Turnpike, Suite 101, Annandale, VA 22003 703-534-4630 • kathysellsvirginiahomes.com

T���� W�����, K����� W������� If you’re looking for a Realtor with enthusiasm, upto-date market knowledge and marketing savvy, Terry Worley is the one to call. She is skilled, experienced, and takes the stress out of the buying and selling process. “I put my clients’ needs first. Whether buying, selling or investing, I’d love to help you!” As a Realtor in Falls Church for over 10 years and a lifelong volunteer, Terry loves selling Falls Church.

Here are a few of the things her past clients have to say: Terry Worley is an exceptionally skilled realtor with a kind heart who cares deeply about her clients. With her MBA, decades of experience and dedication to excellence Terry is the consummate expert in her field. Our recent home purchase was simplified by Terry’s knowledge of the market, use of technology and swift analysis of our specific situation. Honest, trustworthy, of the highest integrity and with a deep concern for a ‘perfect match’ our Beyer family highly recommends Terry to you for your next real estate need. – Mike and June Beyer “We have worked with Terry Worley to sell, buy and rent our homes. Her knowledge of real estate and the Northern Virginia region were invaluable. She offered great advice, connected us with expert resources to move through the process quickly, and helped us to find our perfect home. She made the experience of selling and buying a home much less stressful. She gets to know her customers and then delivers exactly what they need. We highly recommend Terry as a Realtor to our friends and family!” – Claire & Mike Gill

Terry Worley, Keller Williams Realty 6820 Elm Street, Suite 100, McLean, VA 22101 703-615-3415 • terrysellshouses@gmail.com

R EA L E STATE

FALLS CHURCH NEWS-PRESS | FCNP.COM

FALL 2015 | PAGE RE-7

Real Estate

Top Falls Church Home Sales

June-August

#2 $1,595,000

#1 $1,750,000

#4 $1,525,000 #3 $1,550,000 Top 5 F.C. Home Sales June 1, 2015 - August 31, 2015 Address

BR #1 6331 Waterway Dr. 4 #2 2233 Van Buren Ct. 5 #3 6501 Overbrook St. 6 #4 2143 Royal Lodge Dr. 4 #5 2128 Haycock Rd. 5

FB

HB

5 6 5 4 4

0 1 1 1 1

List Price $1,875,000 $1,697,377 $1,550,000 $1,545,000 $1,525,000

Sale Price $1,750,000 $1,595,000 $1,550,000 $1,525,000 $1,500,000

Zip 22044 22043 22043 22043 22043

Date Sold 7/15/15 7/27/15 7/31/15 6/23/15 8/12/15

Source: MRIS, Inc.; Photos: Falls Church News-Press

#5 $1,500,000

R EA L E STATE

PAGE RE- 8 | FALL 2015

FALLS CHURCH NEWS-PRESS | FCNP.COM

Falls Church Area Housing Market — 2nd Quarter 2015 Report Zip Code

Area

Average Price

Number of Homes Sold

Average Days on Market

22046

Falls Church City

$708,253

75

47

22041

Bailey’s Crossroads

$374,599

91

47

22042

Sleepy Hollow

$483,151

125

36

22043

Pimmit Hills

$668,989

90

32

22044

Lake Barcroft

$529,265

43

42

Home Sales Vs. 1 Year Ago

Home Prices Vs. 1 Year Ago

Change in # of Homes Sold: 2Q ‘15 vs 2Q ‘14

Change in Average Home Price: 2Q ‘15 vs 2Q ‘14

-6.25%

Change in Falls Church City (22046)

+4.51%

Change in Falls Church City (22046)

+16.67%

Change in Bailey’s X-roads (22041)

+0.63%

Change in Bailey’s X-roads (22041)

+8.70%

Change in Sleepy Hollow (22042)

+2.91%

Change in Sleepy Hollow (22042)

-6.25%

Change in Pimmit Hills (22043)

+12.05%

Change in Pimmit Hills (22043)

+16.22%

Change in Lake Barcroft (22044)

-0.38%

Change in Lake Barcroft (22044)

Source: Metropolitan Regional Information Systems, Inc. Copyright © 2015 Metropolitan Regional Information Systems, Inc.