Arlington
State of the Northern Virginia & DC Real Estate Market: January 2010
Spring has sprung early as far as the real estate market is concerned. Buyers are out and circling, anxiously waiting for inventory to hit. I know I’m starting to sound like a broken record, but the lack of ‘good’ inventory continues to be the story in real estate circles. Check out our market data graphs: Arlington is [...]
The Anatomy of the Short Sale Part 1
I have been writing about short sales (primarily to STAY AWAY, STAY FAR FAR AWAY) for several years now. The honest truth is that according to RealtyTrac, Virginia (as of Q3 2009) was ranked 16th in the nation in foreclosure rate with 1 in every 196 homes being affected - still below the national average of 1 [...]
October Real Estate Market Update – McLean, VA 22101 and 22102
McLean VA is home to many businesses and personal residential pieces of real estate. The zip of 22101 is heavily populated with Businesses, so I’ve broken out the October statistics by zip code: 22101 Detached Houses Average Net Sale Price: $1,496,948 after 176 DOM Range: $513,500 – $3,500,000 Average % of List Price: 89.89% Townhouses [...]
$8000 First Time Home Buyer Extension and New $6500 “Move Up” Buyer Credit Details
It’s officially passed the House and Senate, and is now awaiting the President’s signature. Along with the extension of the $8000 First Time Buyer credit (now applies to any buyer under contract by April 30, 2010 and settling by June 30, 2010), there is now a new credit category:long-time residents of the same principal residence [...]
Arlington Virginia Real Estate Update – April 2009
April numbers for Arlington are below…it’s been a crazy time here in Arlington. Inventory is at historic lows in some price ranges (mostly anything under about $500k), as first-time buyers are scooping up new listings as fast as they come on the market! A total of 190 properties sold in April in Arlington alone. Here’s the breakdown [...]
Construction Projects in Arlington, VA: Clarendon
We’re almost half-way through 2009 (can you believe it’s Mid-May!?) So it’s about time for a construction update on new buildings throughout Arlington. Here’s the update for Clarendon: Clarendon Center The retail, office, and 244 rental residential units and 471 parking spaces being built on within the corners of Clarendon Blvd, Garfield St, Highland St, [...]
Construction Projects in Arlington, VA: Ballston
Local projects along the Ballston corridor are starting up soon, and some are already under construction. Here’s the rundown of local projects: Founders Square Located on about 5 acres of land between Wilson Blvd, N Randolph, and N Quincy Streets, this future site will hold 362 residential units (17 and 12 stories high), with office [...]
Northern Virginia To See Real Estate Tax Increases
Local governments *tried* to make budget cuts to keep costs down…but apparently, Northern Virginia homeowners should prepare to see a slight increase in their real estate taxes. Arlington, Virginia, Arlington County: current tax rates are .838 for every $100 of the assessed value. The budget for 2010 has that increasing to $0.865 Fairfax County, Virgina: tax rates [...]
Real Estate Taxes….Going Up Again
In Fairfax County, the real estate tax rate is going from $0.92 per $100 of assessed value to $1.04 per $100. This doesn’t sound like much, but current estimates are that over 150,000 homeowners will pay more than they did last year. . . even if their assessment is lower. Here’s a map published in [...]
Observations from a Weekend Open House: Buyers Know More Than We Think!
Yesterday, I held a great listing on 934 N. Daniel St in Arlington, VA. It’s located in a great neighborhood of single family homes called Lyon Park. Close to the Clarendon metro, close to the major highways leading to Tysons Corner as well as downtown D.C. Currently there are 11 properties listed in the neighborhood, with 3 under [...]
