Arlington Housing Costs Still Rising — “The District of Columbia continued to lead the pack with an average per-square-foot sales price of $543, down from $555. Falls Church also reported a small decline, dropping 1.2 percent from $432 to $427. All other jurisdictions were up from July 2021: Arlington’s average per-square-foot sales price of $473 rose 4.2 percent from $454; Alexandria’s average of $410 was up 0.7 percent from $407.” [Sun Gazette]
Single-Family Homes Are in Demand — “Home sales may have belly-flopped in July, but the average sales price of a single-family home just kept on pushing into record territory in Arlington, according to new sales data. Will that be a symbol of the ‘new normal’ in local real estate – fewer sales, higher prices – or is it something of a bacchanalian feast before a significant correction approaches? Only time will tell.” [Sun Gazette]
Acquisition for Local Company — “Defense contractor AeroVironment Inc. (NASDAQ: AVAV) has made its first acquisition since relocating to Arlington from California last year. The company, a leading supplier of small unmanned aerial vehicles to the U.S. military, said Wednesday it has acquired Planck Aerosystems, a privately held San Diego company that provides navigational technology for drones and other unmanned aircraft systems.” [Washington Business Journal]
It’s Friday — Partly cloudy throughout the day. High of 86 and low of 68. Sunrise at 6:27 am and sunset at 8:00 pm. [Weather.gov]