Recently Sold With The Wateridge Group
- 1/46 46
closed
$469,900
$470,000
4 Beds3 Baths1,804 SqFt362 CHAPPELL ST, Warrenton, VA 20186
Single Family Home
MLS# VAFQ2013610
Listed by George V Godfrey Jr. of CENTURY 21 New Millennium
- 1/107 107
closed
$1,000,000
4.0%$1,040,000
4 Beds5 Baths5,258 SqFt5732 SOLHEIM CUP DR, Haymarket, VA 20169
Single Family Home
MLS# VAPW2080118
Listed by Sichan Hul of Pearson Smith Realty, LLC
- 1/53 53
closed
$1,099,900
4.6%$1,150,000
3 Beds4 Baths2,726 SqFt3994 BALLYNAHOWN CIR, Fairfax, VA 22030
Townhouse
MLS# VAFC2005104
Listed by Donna W Moseley of TTR Sothebys International Realty
- 1/40 40
closed
$649,999
1.2%$642,500
3 Beds4 Baths1,940 SqFt42915 GOLF VIEW DR, Chantilly, VA 20152
Townhouse
MLS# VALO2079594
Listed by Danielle Wateridge of Berkshire Hathaway HomeServices PenFed Realty
- 1/53 53
closed
$375,000
7.7%$404,000
1 Bed1 Bath839 SqFt12000 MARKET ST #471, Reston, VA 20190
Condo
MLS# VAFX2199214
Listed by Taylor Mitchell of Samson Properties
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Hear From Our Clients
- Lauren & Ryan H.We had such a positive experience working with The Wateridge Group. We moved to NoVa from another state and Danielle worked with us for months to understand exactly what we were looking for in a home, walked us through the offer process so we were prepared, and even FaceTimed us while she house hunted on our behalf. Danielle was so informative and an absolute pleasure to work with throughout the home buying experience. She recommended a knowledgeable and reputable lender who also helped make the process as smooth as it could be. We would recommend The Wateridge Group to any homebuyer!
- Ilsia GomezWorking with The Wateridge Group has been an EXCELLENT experience. They really made the house-buying process as seamless and smooth as possible. Our real estate agent Justin Peucker was available for any questions my fiancé and I had (we're first-time homebuyers), even staying up close to midnight one night to be able to submit an offer on a home. It felt like I was a part of the Wateridge Group family with the superior customer service I received. I'm truly grateful for this team and all of their assistance. We now have our dream home!
- John FrenchWorking with Justin and his team was a great experience.I’ll definitely be using them for any of my future real estate needs.
- Jo Taylor
- Vanessa ThomasTalia was absolutely amazing! She made our journey on finding a place so enjoyable and easy! She was incredibly knowledgeable and helped answered any questions we were unsure about. We were new to the process and she eased any doubts or concerns we had. We will definitely be going back to Talia when we are looking to buy. Thank you Talia for everything! We highly recommend her if you are looking to rent/buy.
- Aaron BrunnerThe Wateridge Group stands out for its exceptional professionalism and outstanding service. The Wateridge Group helped us find our family home quickly and efficiently, consistently going above and beyond in their service. Amazing!!
- Dmitriy ShvendermanThe has been very friendly and professional service . Our agent Melissa Cortina was very very knowledgeable, very friendly. It was a real pleasure to had business with her. The whole Team was also very cooperative and nice.
- Molly McIntoshThe Wateridge Group is a DREAM to work with! They made the process simple and stress free. Their approach is professional, thoughtful, and fun and they are 100% committed to your success. And it shows... our home sale closed 14% over asking, no contingencies, only 4 days on the market, and a 3-week closing. TWG is the best!
- Kasey DavenportI had an exceptional experience working with Danielle to sell my house. Thanks to her expertise and dedication, my house was on the market for only a few days before it sold! Danielle demonstrated outstanding communication throughout the entire process, always keeping me informed and promptly answering any questions I had. She was incredibly helpful and made the entire selling process smooth and stress-free. I highly recommend Danielle to anyone looking to buy or sell a home.
- Megan McGowanI highly recommend Danielle Wateridge and her incredible team at the Wateridge Group for the care they took in selling my mom's house. I couldn't have asked for a better agent. Not only did she go above and beyond to pick up any loose ends, but she provided extensive research, phenomenal marketing, and a stellar pricing strategy which got multiple offers significantly above asking price. The care, expertise, and professionalism of Danielle and her team is unmatched and I couldn’t be more grateful.
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More Homes, Slower Price Growth – What It Means for You as a Buyer
More Homes, Slower Price Growth – What It Means for You as a Buyer
There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why. You Have More Options To Choose From An article from Realtor.com helps explain just how much the number of homes for sale has gone up this year: “There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.” And while the number of homes on the market still isn’t quite back to where it was in the years leading up to the pandemic, this is definitely an improvement (see graph below): With more homes available for sale now, you have more options to choose from. As Hannah Jones, Senior Economic Research Analyst at Realtor.com, explains: “Though still lower than pre-pandemic, burgeoning home supply means buyers have more options . . .” That means you have a better chance of finding a house that meets your needs. It also means the buying process doesn’t have to feel quite as rushed, because more options on the market means you’ll likely face less competition from other buyers. Home Price Growth Is Slowing When there aren’t many homes for sale, buyers have to compete more fiercely for the ones that are available. That’s what happened a few years ago, and it’s what drove prices up so quickly. But now, the increasing number of homes on the market is causing home price growth to slow down (see graph below): In certain markets, the number of available homes has not only bounced back to normal, but has even surpassed pre-pandemic levels. In those areas, home price growth has slowed or stalled completely. As Lance Lambert, Co-Founder of ResiClub, explains: “Generally speaking, housing markets where active inventory has returned to pre-pandemic 2019 levels have seen home price growth soften or even decline outright from their 2022 peak.” Slower or stalled price growth could give you a better chance of finding something within your budget. As Dr. Anju Vajja, Deputy Director at the Federal Housing Finance Agency (FHFA), says: “For the third consecutive month U.S. house prices showed little movement . . . relatively flat house prices may improve housing affordability.” But remember, inventory levels and home prices are going to vary by market. So, having a real estate agent who knows the local area can be a big advantage. They can help you understand the trends in your community, which can make a real difference in finding a home that fits your needs and budget. Bottom Line More housing options – and the slower home price growth they bring – can help you find and buy a home that works for your lifestyle and budget. So don’t hesitate to reach out if you want to talk about the growing number of choices you have right now.
MOREExpect the Unexpected: Anticipating Volatility in Today’s Housing Market
Expect the Unexpected: Anticipating Volatility in Today’s Housing Market
You’ve probably noticed one thing if you’re thinking about making a move: the housing market feels a bit unpredictable right now. The truth is, from home prices to mortgage rates, we’re seeing more volatility – and it’s important to understand why. At a high-level, let’s break down what’s happening and the best way to navigate it. What’s Driving Today’s Market Volatility? Factors like economic data, unemployment numbers, decisions coming out of the Federal Reserve (The Fed), and even the presidential election, are creating uncertainty right now – and uncertainty leads to market volatility. You can see that when you look at what’s happening with mortgage rates. New economic reports and other geopolitical events have an impact and can cause sudden shifts up or down, even though experts still forecast rates will come down overall. We’ve seen that effect play out recently, like when employment and inflation data get released each month. And as the markets react, these types of updates will continue to have an impact on rates moving forward. As Greg McBride, CFA, Chief Financial Analyst at Bankrate, says: “After steadily declining throughout the summer months, I expect more ups and downs to mortgage rates . . . Job market data will be closely watched as well as any clues from the Fed about the extent of upcoming interest rate cuts.” This is exactly why the projected decline in mortgage rates isn’t going to be a straight line down over the next year. As Hannah Jones, Senior Economic Research Analyst at Realtor.com, explains: “Rates have shown considerable volatility lately, and may continue to do so . . . Overall, we still expect a downward long-term mortgage rate trend.” Plus, home prices and the number of homes on the market vary dramatically depending on where you’re looking to buy or sell, which makes it even harder to get a clear picture. In some areas, home prices are rising and inventory is tight, while in others, there are more homes available and it’s leading to more moderate pricing shifts. As all of this unfolds, understanding what’s happening will help you make the right decisions, whether that’s buying or selling. And there’s one easy way to get that information: from a professional. The Importance of Partnering with a Pro While the road ahead may have some bumps and unexpected turns, you don’t have to go it alone. A great agent will keep you up to date on the latest market developments, guide you through any shifts, and help you make smart decisions based on your goals. For example, as mortgage rates change, professionals (like your agent and a trusted lender) will explain how the shifts impact what you can reasonably plan for in your monthly payment. This will help you see how even a small change in rates can impact your bottom line – that way you don’t lose sight of the big picture even as shifts happen here and there. And since conditions can vary significantly from one neighborhood to another, your agent will also help you understand the specifics of your market—whether it’s how to navigate competition with other buyers, the number of homes available, or what’s happening with local home prices. Their insights and expertise will help you adapt to any movement in the market. Bottom Line The housing market may be experiencing some shifts, but don’t let it stop you from making your move. With the support of an experienced real estate agent and a trusted lender, you’ll be ready to navigate the changes and make the most of the opportunities that come your way. Let’s turn any uncertainty into your advantage, helping you move forward with confidence.
MOREWhy Home Sales Bounce Back After Presidential Elections
Why Home Sales Bounce Back After Presidential Elections
With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below): Why? Uncertainty. Many consumers hold off on making major decisions or purchases while they wait to see how the election will play out. It’s a pattern that’s shown up time and time again, and it's particularly apparent for buyers and sellers in the housing market. This year is no different. A recent survey from Redfin found that 23% of potential first-time homebuyers said they’re waiting until after the election to buy. That’s nearly a quarter of first-time buyers hitting the pause button, likely due to the same feelings of uncertainty. Home Sales Bounce Back After the Election The good news is these delayed sales aren’t lost forever—they’re just postponed. History shows sales tend to rebound after the election is over. In fact, home sales have actually increased 82% of the time in the year after the election (see chart below): That’s because once the election dust settles, buyers and sellers have a sense of what’s ahead and generally feel more confident moving forward with their decisions. And that leads to a boost in home sales. What To Expect in 2025 If history is any indicator, that means more homes will sell next year. And based on the latest forecasts, that’s exactly what you should expect. As the graph below shows, the housing market is on pace to sell a total of 4.6 million homes this year, and projections are for 5.2 million total sales next year (see graph below): And that aligns with the typical pattern of post-election rebounds. So, while it might feel like the market is slowing down right now, it’s more of a temporary dip rather than a long-term trend. As has been the case before, once the election uncertainty passes, buyers and sellers will return to the market. Bottom Line It’s important to remember that while election years often bring a short-term slowdown in the housing market, the pause is usually temporary. Those sales are not lost. Data shows home sales typically increase the year after a Presidential election, and current forecasts indicate 2025 will be no different. If you’re waiting for a clearer picture before making a move, just know that the market is expected to pick up speed in the months ahead.
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