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2018 GW Parkway Classic produced by Pacers Running (courtesy of Brian W. Knight/Swim Bike Run Photo)

Registration is open for the annual PNC Parkway Classic, hosted by Pacers Running.

The event, which draws thousands of runners from around the country, takes place Sunday, Nov. 7 with a 7:30 a.m. start time for the 5K and an 8 a.m. start time for the 10-miler.

This year the course runs out and back from Oronoco Bay Park in beautiful Old Town Alexandria and along the George Washington Parkway. Enjoy running the historic streets of Alexandria, and take in the vistas of the Potomac.

A favorite since it began in 1984, the PNC Parkway Classic is a rare opportunity for runners of all abilities to run in historic Alexandria. The event includes a 10-mile race, a 5K and a kids’ dash. There are also virtual options available for the 5K and 10-mile this year.

Finish up the run with friends and family and enjoy one of the many outdoor eateries in Old Town. Easy, free parking is available!

You can find more information about the event and register online.

Do not leave money on the table in this market! Learn everything you need to know about selling your home from one of the most successful agents on the top-selling real estate team in the D.C. metro area.

Angela Decint, ranked as a top agent by the Washingtonian, is hosting a selling seminar at the Keri Shull Team office in Rosslyn to answer some of those burning questions you have as you prepare to put your house on the market.

Here are some of the things that you will learn in this seminar:

  • How to know the right time to sell your home
  • The right strategy for pricing your home to sell
  • The power of off-market home sales
  • How to market your home to as many buyers as possible
  • And much more!

This is a FREE seminar! Why squander an opportunity to learn how to maximize the value of your home, especially when it’s no cost to you? Get the details you need to make the most informed decision for your future, and avoid all that unnecessary stress.

The seminar is being held in person this upcoming Monday, Aug. 2, and parking will be validated for those commuting by car. Wine and cheese will also be available for attendees.

Register for this event today.

Address: 5501 11th Street N.
Neighborhood: Lacey Forest
Listed: $1,149,500

Thoughtfully expanded and updated 5 BD/3 BA Cape Cod, sited on a well-landscaped lot near Lacey Woods Park, the bike path, and the charms and attractions of Westover Village. The updated kitchen features crisp white cabinets, tile backsplash, granite tops, stainless appliances and a tile floor. It adjoins the expansive family room with skylights and French doors to a shady deck and level rear yard. The traditional living room has a wood-burning fireplace and flows into the dining room and then the family room — perfect for a return to gatherings of family and friends.

A rare feature of the home is a large primary bedroom on the main level. It offers space for a desk and seating area along with French doors to a deck. Upstairs, there are three bedrooms and an updated bathroom. Another upstairs room has a spiral staircase to the deck and could be used as either a fourth bedroom or den. Gleaming wood floors, fresh paint and generous closet space enhance the appeal of all five bedrooms.

In the lower level, there is a rec room with built-ins — ideal for an office, playroom or gym — and a sleek, renovated bathroom. Also on this level is a fantastic laundry room with multiple cabinets, a folding counter and an industrial-looking ceiling. Tile floors brighten the area and make laundry a more appealing chore. The garage has been converted to space for bikes, sports, gardening and yard tools, and could be reclaimed as a one-car spot for a prized vehicle.

Bike to Westover Village for restaurants, shops, summertime ice cream, library, post office, services and Sunday farmers market. Lacey Woods Park has playing fields, basketball courts, a picnic pavilion and acres of wooded trails to enjoy nature. The home is within the walking zone for Cardinal Elementary School and Swanson Middle School. High schoolers attend Washington-Liberty with its IB program.

A bright open airy home in pristine move-in condition awaits the savvy buyer.

Listed by:
Betsy Twigg
McEnearney Associates
703-967-4391
[email protected]
www.betsytwigg.com

This is a sponsored column by attorneys John Berry and Kimberly Berry of Berry & Berry, PLLC, an employment and labor law firm located in Northern Virginia that specializes in federal employee, security clearance, retirement and private sector employee matters.

By Kimberly H. Berry, Esq.

Employees in Virginia are “at will,” which means they can be terminated at any time for any reason and severance is not typically required. When employment ends, however, an employer may offer a severance package to an employee in exchange for the employee’s waiver of rights.

However, employers, in the absence of an agreement or severance policy, generally have no obligation to provide employees severance pay. If severance pay is offered, an employer will require the employee to sign a severance agreement, agreeing to a number of terms.

A severance agreement is a contract between the employee and an employer that provides end-of-employment terms between the employer and the employee. Severance agreements are often offered in termination cases, but can also be offered to employees who are laid off or who are considering retirement.

Additionally, depending on the circumstances, a severance agreement may be offered to an employee who resigns or is terminated. A severance agreement must have something of value (also referred to as consideration) to which the employee is not already entitled to be enforceable.

Employers are generally required to provide an employee time to consider the severance agreement before signing. For instance, an employee usually has a 21-day consideration period to accept the severance agreement and at least a seven-day revocation period to revoke an employer’s severance agreement if the employee is 40 years or older.

Severance agreements usually contain far more than just compensation terms. They can include any number of agreements. Some examples of possible terms in a severance agreement follow:

  • Reference information
  • Financial terms, the timing of severance payments and potential tax information
  • Continuation of health benefits
  • Unemployment compensation benefits
  • Waiver of claims against an employer (e.g. whistleblower, discrimination)
  • Confidentiality (e.g. neither side will reveal the terms of the agreement)
  • Non-disparagement (e.g. neither side will say negative things about the other)
  • The possibility of re-employment
  • Non-competition agreements
  • Preservation of trade secrets

Severance agreements will always include a general release or waiver that prohibits the former employee from filing a lawsuit against his or her employer for wrongful termination. Before an employee signs a severance agreement, he or she should consult with an attorney to discuss the rights that he or she may be waiving and the terms of the severance agreement.

Contact Us

If you are in need of employment law legal representation or advice, please contact our office at 703-668-0070 or through our contact page to schedule a consultation. Please also visit and like us on Facebook or Twitter.

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Thinking about taking the next step in your career? The Schar School of Policy and Government at George Mason University offers flexible part-time or full-time options for graduate certificate and master’s degree programs designed to teach applicable, real-world knowledge for in-demand careers.

Join our Master’s and Certificate Virtual Open House for prospective students tomorrow evening, April 7. The online session will provide an overview of the Schar School’s top-ranked master’s degree programs and graduate certificate programs, student services, and admissions requirements.

Virtual Master’s and Certificate Open House
Wednesday, April 7
6:30-8 p.m. (EDT)
Virtual Session

Graduate Certificate Programs (just 5 courses each)
Part-time and full-time options available

Master’s Degree Programs
Part-time and full-time options available

To learn more about graduate programs at the Schar School, register for the April 7 virtual open house or fill out our inquiry form.

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: When should I expect more homes to be put on the market for sale?

Answer: 2020 was an unusual year for housing inventory because we saw so little inventory come out during the spring, when the pace of new listings peaks, and an explosion of listings, especially condos, from late summer through the holidays. You can check out column I wrote that visualizes how unusual 2020 was for housing inventory in Arlington. Even though my analysis in this column and previous columns focuses on Arlington, similar patterns show up and can be applied across the D.C. metro.

It is much more likely that the pace of new listings will follow a more traditional pattern this year, with the number of homes listed for sale increasing steadily from now to the spring, peaking for about mid-March to mid-May, and then dropping steadily through the rest of the year, with a brief post-Labor Day spike.

Weekly Pace of Listings, by Housing Type

I’ve always shared and seen monthly breakdowns of listing inventory, so I thought it would be interesting to break it down a bit further into a weekly chart and see if there’s a noticeable difference in the seasonal pace of new listings of single-family homes/townhouses and condos.

The following chart does just that and pulls data from the five years spanning 2015 to 2019. (I threw out 2020 because it’s an anomaly.) The weekly percentages represent that week’s share of total annual listings. Note that the data for the first and last weeks of the year aren’t always full weeks because of how Excel calculates weeks.

As it turns out, the pace of listing inventory for single-family homes/townhouses and condos is nearly identical throughout the year, aside from a slightly higher pace for single-family homes and townhomes in the middle of the spring and a slightly lower pace for single-family homes and townhomes during the dog days of summer.

What can buyers looking for a home in 2021 take away from this chart? You can expect a significant increase in listings beginning around mid-February, buckle up for the most options in April and May, plan your vacations in July and August, look-out for the post-Labor Day surge, and hopefully you’ve found your dream home by the holidays!

Weekly Pace of Listings, by Year

The pace of new listings remains pretty consistent year-after-year, as shown by the chart below. There were only a handful of weeks with unusually low listing activity, compared to previous years. I’m guessing there was major weather activity during those weeks that caused some homeowners to delay or accelerate their listings by a week or two to avoid the drag of bad weather.

The consistency you see in the five-year chart below is also reflected in longer (10- and 15-year) charts, but those get a little too messy for display.

Weekly Pace of Listings and Contracts

The pace of listing inventory and contract activity is highly correlated. The “chicken or the egg” question is whether more/less listing activity drives more/less contract activity (demand), or does demand dictate listing activity, or do buyers and sellers just have similar patterns of behavior and thus the pace of supply and demand naturally correlate?

I think that it’s mostly due to No. 3, a natural correlation of behavior patterns that cause the pace of supply and demand to move in tandem. This is also supported by data, like the new-listing-to-new-pending ratios not being very seasonal.

Using the chart below, one could even make the argument that the best time to list a property for sale is the last two to three months of the year, when the pace of contract activity (demand) consistently exceeds new listings (competition). However, I’ve analyzed “success metrics” like days on market and sale-to-ask-price ratio based on the month a property is listed and overwhelmingly found that February to May/June produce the most favorable results for sellers.

I hope these charts were interesting and helpful to you! If you’d like to discuss buying or selling strategies, don’t hesitate to reach out to me at [email protected].

If you’d like a question answered in my weekly column or to set-up an in-person meeting to discuss local Real Estate, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at 703-539-2529.

Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with RLAH Real Estate, 4040 N Fairfax Dr #10C Arlington VA 22203. 703-390-9460.

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Just Listed in Arlington

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.

I don’t know about you, but I’m getting excited for 2021. While 2020 has been a banner year for real estate and we expect that to continue, I’m looking forward to leaving many other parts of 2020 in the dust.

I hope you ate well on Thanksgiving and enjoyed some time off — and suspect you hit the ground running again this week as I did.

Pick of the Week: The Andors Real Estate Group is pleased to have JUST LISTED 2728 S. Arlington Ridge Road at $924,900. You will fall in love with this updated Tudor’s soaring ceilings and old-world charm. Boasting 3 spacious bedrooms, 2.5 baths plus bonus rooms to meet all your needs, this one is move-in ready. It has a gorgeous yard, garage spaces for 3 cars, freshly refinished hardwood floors, loads of updates and is right in Amazon’s HQ2 backyard. Find me hosting open houses this weekend, Saturday and Sunday from 1-4 p.m.

Now, the winter slowdown is here… or maybe it was just a Thanksgiving slowdown. We’ll see next week if we jump back up a bit. Mortgage rates dropped — again — to their 14th all-time low: 2.71% for a fixed-rate 30-year mortgage.

This past week in Arlington, sellers listed some 36 properties for sale while buyers ratified 40 contracts. ONLY four of the ratified contracts were on homes listed just within the past week. This is uncharacteristic but indicative of the low new inventory during the Thanksgiving week. This will revert as soon as more new inventory comes back — buyers clamor for the new properties week over week.

There are currently 518 homes for sale in Arlington, 48 less than last week: 126 are detached homes, 54 are townhouses/semi-detached and 338 are condos.

On the topic of condos, there’s finally a substantial decline in condo inventory. Some went off the market, others received offers and ratified contracts, and we didn’t have many new ones come on the market. This is good for anyone trying to sell a condo in today’s market.

Average days on market (DOM) for currently available homes is 65 and median DOM is 50. These both jumped by over a week — again, it was truly a Thanksgiving break.

The median list price of currently available properties is $565,000, while the average is $770,949.

Last year for the same week, sellers listed about 34 homes and buyers ratified 35 contracts. One more new listing and 5 fewer contracts than last year–one of the few weeks we haven’t outpaced 2019.

Click here to search currently available Arlington real estate — if you see a home you’re interested in purchasing, we’d love to help!

Call the Andors Real Estate Group today at 703-203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.

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Looking for a home? There are plenty of houses and condos open for viewing this weekend.

Check out the Arlington Realty website for a full list of homes for sale and open houses in Arlington. Here are a few highlights:

2100 21st Road N.
4 BD/4 BA, 1 half bath townhouse
Agent: KW Metro Center
Listed: $1,345,000
Open: Saturday 2-4 p.m.

 

5148 11th Street S.
4 BD/5 BA, 1 half bath single-family home
Agent: Long & Foster Real Estate
Listed: $1,049,000
Open: Saturday 1-3 p.m.

 

519 N. Livingston Street
4 BD/2 BA, 1 half bath single-family home
Agent: Long & Foster Real Estate
Listed: $919,000
Open: Saturday 2-4 p.m.

 

1201 N. Garfield Street, #110
2 BD/1 BA, 1 half bath condo
Agent: KW Metro Center
Listed: $629,000
Open: Saturday 12-3 p.m.

 

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