Arlington VA Homes & Condos Blog 
Is Washington D.C.'s Economy a Bubble
Thursday, March 8th, 2012 at 8:08pm. 35 Views, 0 Comments.
Living in the nation’s capital is a wonderful opportunity. The Washington D.C. metropolitan area - which includes much of the greater Northern Virginia area - is very affluent and has been for quite some time. Northern Virginia (especially Arlington County) and Washington D.C. have some of the highest median salaries in the U.S.
In fact, seven of the top twenty highest income counties in the United States reside in the area, and Loudon and Arlington county have the highest concentration of young professional ages 25-34 making incomes of over 100K a year.
But is this Bubble a false economy? Take a look at this graph provided by Gallup.com that measures people of a certain area's confidence in our economy. A score of 0+ means that the people are…
Northern Virginia Home Prices NOT At Lowest Point in 10 Years
Thursday, March 1st, 2012 at 11:18am. 28 Views, 0 Comments.
Contrary to a recent article from CNN.com regarding home prices dropping to their lowest levels since 2001, we are nowhere near that. As part of my continued effort to remind people in Northern Virginia that we are not following the national trend, I’ll show you the real numbers for our market. First, however, take a look at the graph from the CNN article regarding the national median.
(From CNN.com Regarding the National Market)
Now, here is that data specific to mean sales prices of detached homes in only Northern Virginia. (Click Read Full Post to See Chart).
What you can clearly see here is that in Northern Virginia, the bottom was February of 2009 with a median sales price of…
Five Year Low for Northern Virginia Market Inventory
Wednesday, February 29th, 2012 at 8:21pm. 21 Views, 0 Comments.
I keep hearing the same thing from everybody I talk to in our area. There isn't anything to show buyers right now. Guess what, it's true. Market inventory is at a 5 year low as we get ready for the 2012 spring market. With interest rates remaining low and economic news starting to sound a little bit more positive, I have personally seen buyers starting to come back in strong fashion.
Now is the time to sell! If your a seller out there thinking about putting your home on the market, do it now. People are emailing and calling me looking for new properties coming on the market because they don't have anything left to show. Those properties that are on the market now are moving quickly, many of them with multiple…
Northern Virginia Market Update - January 2012
Sunday, February 12th, 2012 at 8:18pm. 33 Views, 0 Comments.
Arlington Homes Sales Continue to Improve - July, 2010 Market Update
Thursday, August 12th, 2010 at 4:37pm. 319 Views, 0 Comments.
The July MarketMinute report is now available for Arlington Homes. This inculdes Arlington Sales for all houses, townhouses, and condos. Sales for Arlington homes and condos continue to outperform the national averages. Record low interest rates seem to be helping the market's continued recovery. If you are on the fence about buying I would suggest you to act now before you miss your window of opportunity.
Arlington VA Home Sales Figures
- Units sold was down 33%.
- Active Arlington inventory was down 2%
- The median sales price for Arlington Homes was up by 9% as compared to July 2009. The median sales price for Arlington, VA was $534,500.
- With a 39 day average, July's days on market was down 11%
- The average list price to sales…
Arlington VA Real Estate MarketMinute Report for June, 2010
Wednesday, July 14th, 2010 at 4:34pm. 364 Views, 0 Comments.
Arlington Real Estate MarketMinute Report - June 2010
The new MarketMinute report is now available for Arlington County. The market trends continue to be much stronger than last year. However, I will say that the market seems much slower post First Time Home Buyer Tax Credit.
Here are the highlights for Arlington Homes and Condos:
- 301 units sold for an increase of 2%
- Active Inventory is down by 5%
- At $500,000 the median sales price of Arlington Homes is up 10%
- Arlington homes are spending 10% less time on the market
- The sold price to list price for Arlington VA homes was 97.9%.
- There is currently a 2.6 months supply of Arlington homes and condos.
America's Best High Schools - Newsweek - 2010
Tuesday, June 15th, 2010 at 10:46pm. 323 Views, 0 Comments.
Newsweek's yearly rankings for America's Best High Schools in 2010 has been release and Arlington County found themselves with 3 out of 4 schools making the top 100.
#27 H-B Woodlawn
#62 Washington Lee
#82 Yorktown
Arlington County residents should be proud of all of the hard work the faculy and staff has put into making these schools such a sucess. It's nice to have such great options!
May Market Update for Arlington Home Sales
Monday, June 14th, 2010 at 3:45pm. 236 Views, 0 Comments.
The May Market Report for Arlington Homes is now available!
There wasn an increase in Arlington Homes sold with a total of 274. This month's total homes sold was an increase of 5% versus May, 2009.
Active inventory of Arlington homes for sale is down 6%. May inventory is also down 2% from April, 2010.
The median sales price of Arlington homes increased 3% to $464,250. The median sold price is 4% higher than last year.
There is currently a 3.0 months supply of Arlington homes.
Days on market are down an amazing 40% with an average of 34 days compared to 57 days last year.
As always, if you would like to see a market report for another county in the area just post here.
Arlington Home Sales Market Update for April 2010
Friday, May 14th, 2010 at 1:41pm. 263 Views, 0 Comments.
Here is a quick look at the Arlington real estate market for April 2010. Arlington home sales are looking much better!
Summary of the Arlington Real Estate Market
- Units sold up 22%
- Active inventory down 7%
- Median sale price up 3%
- Days on market down 38%
If you want market statistics for another county like Alexandria or Fairfax just let me know. Also, don't forget you can now follow me on Facebook at Arlington Homes
Parkfairfax Native Plant Sale - April 24th, 2010
Thursday, April 8th, 2010 at 2:48pm. 301 Views, 0 Comments.
Parkfairfax Native Plant Sale
The Parkfairfax Native Plant Sale will be held on Saturday, April 24th, from 9 am to 2 pm in the tennis courts parking lot adjacent to 3601 Valley Drive in Parkfairfax. There will be fourteen vendors from five states. This will be the largest plant sale in the Washington metro area.
This event is normally held twice a year in April and September. In 2009 The Parkfairfax Native Plant Sale attracted more than 800 people and 10 vendors. Visitors will find native Virginia perennials, shrubs, and trees for both sun and shade.
Click here for a full list of vendors attending the Parkfairfax Native Plant Sale this year.
I hope to see you there!