Join Club

Ask Adam: Ballston Townhomes

Ask Adam header

This regularly-scheduled sponsored Q&A column is written by Adam Gallegos of Arlington-based real estate firm Arbour Realty, voted one of Arlington Magazine’s Best Realtors of 2013 & 2014. Please submit your questions via email.

Q. Given your thoughts on the Ballston condo market, what kind of impact do you foresee for the three townhouse communities triangled between N. Glebe Road, Wilson Blvd, Carlin Springs Road, and Vermont Street?

A. I can’t think of any reason why the townhomes around Ballston wouldn’t be poised to ride the same wave of appreciation that I spoke about in my recent article about Ballston condos.

I’ve been particularly interested in a townhome for sale in Ballston Green that is currently listed at $1,230,000. According to the tax record, it was purchased new from Madison Homes in January of this year for $953,675. If they get their price (which is a big “if”) then it would be almost a 29 percent jump in less than a year. Even with high demand and low supply of newer townhomes, this will be an extraordinary amount of appreciation compared to any location in the region.

The specific townhomes you are describing have been selling quickly this year. The average number of days on market for the last six months is only five days. Thats even faster than the popular townhomes at Clarendon Park, which are currently averaging 18 days.

The key variable I see for the Ballston townhomes you mentioned is their updates. Some are 32 years old so you get a wide range of upgrades, if any at all. The homes that have been rented out for the last 10 years and have original finishes throughout are going to slow down average appreciation for the neighborhood as a whole.

It’s an improving area where the car dealership has been replaced by class A office space and new restaurants. The tired shopping mall will be replaced by a new structure and a fresh crop of retailers. You can walk to your local grocery store and weekly farmer’s market. The Ballston Metro station provides easy access to the Orange and Silver lines. Route 66 is only a stoplight or two away. I like the future of Ballston for condos, townhomes and the sprinkling of single family homes.

The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.

Recent Stories

Good Monday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

An 18-year-old Arlington woman is facing a litany of charges after an reported bike theft led to violence. The incident happened Sunday evening near the intersection of S. Walter Reed…

What do I do if school doesn’t fit my kid? That’s the question that so many of the parents and families ask when they’re looking at small independent schools like…

There is a new play area for kids inside Ballston Quarter with plenty of pint-sized attractions. Located on the first floor of the mall, near the about-to-close Macy’s, Junior Playland…

Well-Paid Maids recently unveiled a new scheduling system.

That means it’s easier than ever to book your professional home cleaning with the only certified living-wage home cleaning service in the D.C. area.

Here’s what to expect when you book your cleaning:

  1. Select your location.

  2. Choose your service (i.e. 1 BD/1BA). (This is also where you’ll see the rate.)

  3. Pick your cleaner. (If you don’t have a preference, opt for “any available.”)

  4. Schedule a date and time. You can also set up recurring cleanings and get a discount!

  5. Enter your information and reserve.

Read More

Submit your own Announcement here.

Are you facing life’s challenges, feeling overwhelmed, or seeking personal growth? Embrace the path to emotional well-being with our expert psychotherapy services!

Why Choose Us?

Our team of compassionate and experienced psychotherapists is here to guide you on your journey to inner peace, self-discovery, and positive change. We provide a safe and supportive environment where you can explore your thoughts and feelings without judgment.

What We Offer:
✔️ Individual Therapy
✔️ Couples Counseling
✔️ Anxiety & Stress Management
✔️ Depression Treatment
✔️ Trauma Healing
✔️ Self-Esteem Building
✔️ Life Transitions Support
✔️ And Much More!

Read More

Submit your own Announcement here.

Portofino Italian Wine Dinner, April 6, 6:30pm

Four course Italian dinner, paired with 2 wines each. The wines will be served “blind” and notes on each wine will be discussed. The event is coordinated with Elite Wine Importers and The Portofino Restaurant. The dinner is on Saturday,

×

Subscribe to our mailing list