Author: ARLnow.com

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]

Arlington Real Estate in WSJ — “Buying a single-family home in Arlington, Va., is a study in patience… With persistence and perseverance, these families were able to buy a house in their favorite Washington, D.C., suburb.” [Wall Street Journal]

Record Low Tax Delinquency — “Treasurer Carla de la Pava announced that the delinquency rate for taxes on real estate and personal property had fallen to 0.161 percent, down from 0.177 percent a year before and the lowest not just in county history but perhaps the lowest ever among any jurisdiction in Virginia history – and maybe more. ‘I would be shocked if it was matched anywhere in the U.S.,’ de la Pava said, praising her ‘dream team’ of staff.” [Sun Gazette]