Tysons, VA

Open Houses: January 17

Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center. 

8380 Greensboro Drive Unit 412, McLean
3 BD/2 BA
Agent: Kw Metro Center
Listed: $599,000
Open: Saturday 1-4 p.m.

 

7605 Trail Run Road, Falls Church
4 BD/3.5 BA
Agent: Long & Foster Real Estate, Inc
Listed: $729,950
Open: Saturday 12-4 p.m. & Sunday 1-3 p.m.

 

6621 Fisher Avenue, Falls Church
6 BD/5 BA
Agent: Howard Brock Realty Company, Inc
Listed: $1,395,000
Open: Saturday 2-4 p.m. & Sunday 1-4 p.m.

 

322 Park Street NE, Vienna
4 BD/3.5 BA
Agent: Samson Properties
Listed: $1,199,000
Open: Sunday 1-3 p.m.

 

8522 Betterton Court, Vienna
4 BD/3 BA
Agent: Samson Properties
Listed: $724,900
Open: Sunday 1-3 p.m.

 

2703 Bowling Green Drive, Vienna
3 BD/2 BA
Agent: Keller Williams Realty
Listed: $599,000
Open: Saturday 2-4 p.m. & Sunday 12-3 p.m.

 

8302 Alvord Street, McLean
4 BD/4.5 BA
Agent: Long & Foster Real Estate, Inc
Listed: $1,575,000
Open: Sunday 1-4 p.m.

 

1602 Longfellow Street, McLean
4 BD/3 BA
Agent: Keller Williams Realty
Listed: $950,000
Open: Saturday & Sunday 1-4 p.m.

 

Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].

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Just Listed Properties: January 16

Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center. 

The following properties were recently listed in the Tysons, McLean, Vienna and Falls Church areas.

Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].

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Luxury for Less: January 15

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

The spring market is certainly starting early this year.

Buyers are moving fast to try and get homes under contract before competition heats up and the beautiful weather we’ve recently had is helping the market move along. Hopefully the snow this weekend won’t slow down open house traffic.

This week’s feature home is in the sought-after community of Maymont. The beautiful estate is located just minutes from Tysons and the Town of Vienna. Featuring over 9,000 square feet on three levels and a 4-car garage, this home is spacious enough for the whole family to really stretch out. Situated on a large lot of .57 acre, this home also includes an in-law suite and 2nd kitchen making it perfect for multi-generational living. 1351 Blairstone Drive Vienna (Reduced $110,000)

To see this beautiful home or any of the other homes on the market in the D.C. area, please contact Brandy at [email protected] or 571-263-0206.

Check out the rest of this week’s Luxury for Less listings:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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This is a sponsored column by 3Summit Investment Management, LLC based in Vienna, VA. 3Summit designs custom, modern investment portfolios and has unique expertise in managing investment risk.

By Dan Irvine | Principal, 3Summit Investment Management

The new year is always a good time to take another look at your investment strategy, which is why I am going to explain the best kept secret in investing and how this secret can help you dramatically increase the wealth you accumulate from your investments and at the same time lower the risk of your investment portfolio.

Every investor has almost certainly heard the common investing wisdom that says, the more risk you take in investing, the higher the returns you are likely to earn. In fact, nearly the entire investment industry designs and manages investment portfolios with the common investing wisdom as their core investment philosophy.

For example, if you have ever talked to an investment advisor, you likely spent significant time talking about your risk tolerance. Because the common investing wisdom says you must increase your risk to increase your potential returns; investment advisors look to invest your assets in the highest risk portfolio they believe you can tolerate with the well intentioned goal of trying to earn you higher returns over time.

Contrary to the common investing wisdom, the best kept investing secret is that minimizing the risk instead of maximizing the risk of your investment portfolio can lead to accumulating much greater wealth over the long-term from your investments.

Let’s look at a hypothetical portfolio example that illustrates the significant gains in wealth that can be achieved by simply reducing the risk of an industry standard 60/40 portfolio. The industry standard portfolio invests around 60% in stocks and 40% in bonds (often called a 60/40 portfolio).

The average investor considers a 60/40 portfolio to be a low or moderate risk investment approach. In the chart below, the light blue line shows the growth of a $10,000 investment made in March of 2004 in a portfolio that represents an industry standard 60/40 portfolio. The dark blue line represents the growth of another $10,000 investment over the same time period in a modern low-risk 60/40 portfolio that utilizes modern portfolio design and risk management techniques to lower the total risk of the portfolio.

Read More

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This regularly-scheduled sponsored Q&A column is written by Val Sotillo, Northern Virginia-based Realtor and Falls Church resident. Please submit your questions to her via email for response in future columns. Enjoy!

Question: How did the real estate markets near Tysons do in 2019?

Answer: Northern Virginia continues to dominate economic growth in the Washington region (see this excellent presentation from the Stephen Fuller Institute) and Tysons is and will continue to be an engine for Northern Virginia’s job growth.

Residential real estate prices have been mostly flat over the last 5-6 years, but buyer confidence has increased sharply over the last 12+ months with the announcement of Amazon HQ2 and rapid commercial investment in Tyson. This led to a strong year in the residential real estate markets surrounding Tysons.

For our annual review of the 2019 real estate market, we looked at the following Tysons-area markets:

  • Falls Church: 22046 & 22043
  • McLean: 22101
  • Vienna: 22180 & 22181

With the exception of three outliers in Mclean ($12M, $20M and $43M sales) that skewed the findings and a few bad data entries that we removed, this represents all sales that closed in 2018 and 2019. We’ve prepared a bulleted list of key/interesting findings and then shared a summary table for those who want to review the data themselves.

Summary of Findings

  • The average sold price across all three markets increased 5.4% in 2019 and buyer negotiation leverage dropped to an average of just 1.3% being negotiated off the original asking price
  • Falls Church and Vienna led the growth in home prices, while McLean’s values remained mostly unchanged from 2018 (ignore the huge negative change in McLean condo prices, that’s a result of too few data points)
  • The sub-market that performed the best was the Falls Church townhouse/duplex market, with a 6.6% YoY increase in average price
  • The Vienna townhouse/duplex market provided buyers with the least room to negotiate, with the average purchase price equaling the seller’s original asking price
  • While the 2019 condo market gained a modest 3.4% (not bad for condos), there seems to be significant upward pressure on prices coming into 2020 with a 40%+ drop in average days on market and buyer’s negotiating significantly less off the original asking price in 2019
  • The number of new homes sold in 2019 increased nearly 30% from 152 to 195 and were pretty evenly distributed between all three markets

Read More

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Laura Schwartz is a licensed Realtor in VA, D.C. and MD with McEnearney Associates in McLean. Reach the office at 703-790-9090.

Are you a member of the Vienna VA Foodies Facebook group? How about the development discussion?

Maybe you’re neither but you’re a local resident who has ideas on how to make the town of Vienna better, well, you have two chances to get face to face with people who want to listen. Back in November, the Town announced it hired a new Economic Development Manager, Natalie Monkou. She’s holding 2 pop-up office hours at Caffe Amouri for anyone to attend:

This Wednesday, January 15 at 11 a.m.
Thursday, January 23 at 6 p.m.

I plan on attending the January 15 one and would love to hear what your suggestions will be. I’d also love to meet some of the people who read this weekly column, so please, come introduce yourself to me if you join in!

The Town has asked people to RSVP, but that’s mostly so they know how many people to anticipate and whether it’s a mix of residents or business owners. I think a mix of both is necessary in helping to shape the future of the town.

What do you think the town needs most?

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Open Houses: January 10

Three Stones Residential agents pride ourselves on our consultative service approach, local expertise and real estate market knowledge. With over 26 years of business experience in the DMV, we have consistently performed in the top 2% of local Realtors and are currently the #1 group at Keller Williams Metro Center. 

8380 Greensboro Drive Unit 412, McLean
3 BD/2 BA
Agent: Kw Metro Center
Listed: $614,900
Open: Sunday 2-4 p.m.

 

6438 Noble Drive, McLean
5 BD/4 BA
Agent: Berkshire Hathaway HomeServices PenFed Realty
Listed: $1,068,000
Open: Sunday 1-4 p.m.

 

6212 Nelway Drive, McLean
4 BD/3 BA
Agent: Weichert Realtors
Listed: $899,000
Open: Sunday 2-4 p.m.

 

6828 Custis Parkway, Falls Church
4 BD/3.5 BA
Agent: Keller Williams Realty
Listed: $900,000
Open: Saturday & Sunday 1-4 p.m.

 

102 W Annandale Road Unit 317, Falls Church
3 BD/1.5 BA
Agent: Keller Williams Realty Falls Church
Listed: $469,900
Open: Sunday 2-4 p.m.

 

7001 Jefferson Avenue, Falls Church
3 BD/2 BA
Agent: Keller Williams Realty Falls Church
Listed: $589,000
Open: Saturday 1-3 p.m. & Sunday 2-4 p.m.

 

2727 Bowling Green Drive, Vienna
4 BD/3 BA
Agent: Proplocate Realty
Listed: $704,980
Open: Sunday 1-4 p.m.

 

106 Tapawingo Road SW, Vienna
6 BD/7 BA
Agent: Optime Realty
Listed: $1,425,000
Open: Saturday 1-3 p.m. & Sunday 2-4 p.m.

 

Our role is to offer sound advice and guidance to our clients in order for them to achieve their goals in either buying, selling, leasing or managing real estate. We are truly “Your Home… for Everything Real Estate.” To schedule a private showing of these or any other properties of interest please do not hesitate to contact us here or email us at [email protected].

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Luxury for Less: January 7

Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.

Happy New Year!

I hope everyone’s holidays were merry and the new year is starting with strong resolutions and happy hearts. The spring market is starting early this year and even though we haven’t completed the first full week of 2020, I’m already busy with buyers looking for homes. It’s a great time to go on market or get a jump on your search to buy a home.

This week’s feature home is a charming townhome in the heart of McLean. This beautiful end unit features nearly 3,500 square feet, gleaming hardwood floors and a gourmet kitchen featuring Viking appliances. This home is priced to sell and in a great location.

To see this beautiful home or any of the other homes on the market in the DC metro area, please contact Brandy at [email protected] or 571-263-0206.

1550 Red Twig Lane McLean (Reduced $51,000)

Check out the rest of this week’s Luxury for Less listings:

The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.

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Since 1969, Virginia Tech has served local residents, government and industry in the greater Washington, D.C., metro area.

While the planned Innovation Campus in Alexandria is anticipated to triple Virginia Tech’s local footprint, it already boasts more than 45 graduate degree and certificate programs, as well as many laboratories and research centers, spread across the region from Arlington to Leesburg.

Among those degree offerings, the Pamplin College of Business offers two different MBA program options that serve working professionals looking to advance their careers without leaving the workforce.

The Executive MBA offers an accelerated, cohort-based option for mid-career professionals. Students meet bi-monthly for weekend classes at the Virginia Tech Research Center in Ballston.

The experiential learning curriculum focuses on strategic management in a global environment with an emphasis on leadership and governance, business analytics, entrepreneurship and innovation, and globalization.

The Evening MBA program option provides students with maximum flexibility by allowing them to start in January or August, decide their own course load each semester, and focus their studies in one of ten specialization areas.

Classes take place at the Virginia Tech Northern Virginia Center, which is adjacent to the West Falls Church Metro station and convenient to I-495 and I-66.

In 2019, the Evening MBA program was named one of the top 20 part-time MBA programs nationwide by U.S. News & World Report for a fifth consecutive year.

Graduates of both the Executive and Evening MBA programs create lasting professional connections and join the university’s vast alumni network in the D.C. metro area to help advance their careers both now and in the future.

To learn more about the Virginia Tech MBA Programs, visit mba.vt.edu or register to attend an upcoming information session.

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Laura Schwartz is a licensed Realtor in VA, D.C. and MD with McEnearney Associates in McLean. Reach the office at 703-790-9090.

New year, new goals.

If your goals include more experiences with your kids, we have some great local sporting teams that won’t break the bank but will get you to see something new. If you’re a college sports fan or even just want to go to a high school game, there are plenty of choices to take your little one to. Make sure you sign up for emails so you’re aware of when these options take place.

George Mason University Men’s Basketball: “Star Wars Day” on February 15 at 4:30 p.m.

Through the Super Reader program, if kids read 2 books, they can claim free tickets to the game. For the adults attending, the program also offers discounted tickets once you register the kids. They get to walk onto the court before the start of the game and they get a free green cape (that reads Virginia529). Parking is free.

Washington Wizards Game: Kids Day is January 12

Lots of pre-game activities for kids beginning at 10:30 a.m., which include LEGO activations, face painters, balloon artists, games and the mascot G-Wiz appearance. There’s a CertifiKID deal that includes a t-shirt.

Harlem Globetrotters at EagleBank or CapitalOne, March 20-21

Another CertifiKID deal for tickets to all 3 shows, and includes 35% off tickets.

Another option is to check out the local high school teams. Each sport has their scheduled published online so you can pick the one that best fits your schedule. Here’s the Madison Basketball Schedule and the Marshall Basketball Schedule. Both will likely have a small admission fee.

You can also check sites like Groupon for D.C. sporting outings as well.

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