Virginia

North Arlington Neighborhoods: Waverly Hills

11-07-09

Katie Wethman, CPA, MBA, REALTOR® - Northern Virginia & DC Real Estate

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Office: (703) 636-7300 x7316

Mobile: (703) 655-7672
Secondary: (703) 790-1990

About the Neighborhood

Waverly Hills (often misspelled as Waverley Hills) in North Arlington consists mostly of single-family homes that are primarily in the Cape Cod and Colonial styles, and one story bungalows. Bounded by Glebe Road , I-66, Lee Highway, and Utah Street, it is very close to Ballston metro and major commuting routes like I-66, Rt 29, and Washington Blvd.

The oldest and most significant building in Waverly Hills is the Glebe House, originally built in 1770. The Glebe House was established as a 500 acre farm and provided for the rector of Fairfax Parish, which included both Christ Church, Alexandria and the Falls Church. Built in 1775, it burned in 1808 and was rebuilt in 1820 as a hunting lodge. Subdivision of the Glebe lands began in 1846. The octagon wing was added about 1850.

Nearby neighborhoods include Willet Heights (often misspelled as Willett Heights), Waycroft, Woodlawn, and Ballston. Woodlawn Park is located nearby, and a stream runs through the park.

The neighborhood has a very active Civic Association. View the Waverly Hills conservation plan.

Neighborhood History

From the Arlington County website:

Throughout most of the 17th century all of Northern Virginia remained Indian territory until the restoration of King Charles II to the English throne in 1660. The majority of Waverly Hills was included in a land grant to James Brechin, rector of St. Peter's Parish in New Kent County in 1716. Brechin never lived on his Arlington holding and upon his death in 1721, Daniel Jennings, the surveyor of Fairfax County (in which Arlington was then included), purchased the land. A small portion in the northwest corner of the Waverly Hills area, was part of a grant in 1731 to James Robertson, a large landholder in what is present-day Arlington. The lower part (the area south of 19th Street) grew in the period between World Wars I and II, while the area north of 19th Street was developed in the years immediately after World War II.

Waverly Hills was named a "Great Place to Live" by Washingtonian Magazine.

Homes for Sale

As of November 7, 2009, there is just 1 home on the market in Waverly Hills, a colonial priced at $975,000. In the past year, 10 homes sold with list prices ranging from $589,000 to $1.875 million (average sold price $881,560). Average days on market was 81. (Source: MRIS as of 11/7/09)

Looking to buy a home in Waverly Hills? I live nearby and keep a close watch on the listings in the neighborhood - contact me!

See Homes for Sale in Waverly Hills.

Are you getting ready to sell your Waverly Hills home? As an Arlington resident, I can help you best highlight all the positives of living here!

Not all agents are alike -- ask me about the services that I provide my sellers including professional photography, staging, and custom websites--after all, most buyers start their home search on the web and DEMAND high quality photos. For a free pricing analysis and comprehensive marketing plan, contact me or visit my Sellers Resource Center.

Other Arlington Neighborhoods:

Tara - Leeway Heights

Waycroft - Woodlawn

Westover

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Market Improving?

11-07-09

Spencer Cole

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Office: (540) 278-1409

Mobile: (540) 355-6399

Here is an interesting article I found today:

Daily Real Estate News | November 6, 2009 | Share Declining Inventory Sign of Stabilizing Market
An important reason that the housing market is stabilizing is the reduction in inventory. Current sales and inventories suggest that supply will decline below the pre-2006 levels by the end of 2009.

But analysts say that the stabilization of the market doesn’t mean that prices will rise anytime soon. They point to what they call “shadow inventory,” foreclosed homes that banks are holding off the markets. They predict that these homes will hit the market in spring 2010.

But overall, they are optimistic that the housing recovery is built on an improving economy and say that the market will continue to stabilize.

Source: BusinessWeek.com, James C. Cooper (11/09/2009)

I do believe that the market is improving. I expect steady sales through the winter especially with the new extension of the tax credit. Do NOT expect the credit to be extended again when it expires on April 30, 2010 though- there will most likely be no more extensions.

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More Halloween Pics

11-07-09

Spencer Cole

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Office: (540) 278-1409

Mobile: (540) 355-6399

Here are a few more pictures from our Halloween event. Thanks again to Linda, Jeff, Sal, Nate, Maddi, Deena, Phillip, Brian, Cody, Carole, Devin, Brandon and everyone who helped pull it off. And no, we are not satanic! We are Christians who know the real history of All Hallows Eve, look it up if you don't know: It has a religious background! We love Halloween and look forward to next year when we will have a few changes to keep everyone scared!

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Halloween Recap!

11-07-09

Spencer Cole

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Office: (540) 278-1409

Mobile: (540) 355-6399

Some people may have seen a bit of a spectacle in Botetourt County on Halloween thi syear. It began a couple weeks before Halloween with the installation of our Haunted Graveyard. It was set up over the next couple weeks and culminated in what I call "the show". We featured a full graveyard with over 24 tombstones, a flying ghost, an animated coffin, and moving corpse in a body bag and very scary looking bat that lowered itself over the doorway. And let's not forget the 12 volunteers who helped pull it off by operating the moving features and performing as ghosts and goblins who spooked the Trick-or-Treaters as they entered and exited the graveyard. Our neighbors were all very excited about it. We counted at least 95 children of all ages as well as their parents and anoth 10 adults tha tcame with no children just to check it out. The photos don't really do it justice as we run fog machines and strobe lights with spooky music to complete the effect.

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ABR Designation - Buyer Benefits

11-07-09

Robert Donovan

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Office: (540) 672-8290

Mobile: (540) 672-8290

Why Use an ABR®: REALTORS® Experienced in Buyer Representation

Buying a home is no small matter. Besides being the largest financial transaction you may ever undertake, it's probably also the most complex. There are many good reasons to work with a qualified real estate professional-especially a trained professional who has earned the Accredited Buyer's Representative (ABR®) designation, representing best-in-class buyer services.

When you look for an ABR® before you look for a home, you'll be served, not sold. Your interests become their interests. And you'll be working with someone who has gone the extra mile by completing specialized training in delivering the best in buyer-representation services. Plus, a REALTOR® who has an ABR® Designation also has an established track record, with proven experience in representing the concerns of homebuyers.

The ABR® Designation is awarded through the Real Estate Buyer's Agent Council, or REBAC, which was founded in 1988 to promote superior buyer-representation skills and services. REBAC is an affiliate of the National Association of REALTORS® (NAR).

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