This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: I just lost a competitive offer to an all-cash buyer. How common are cash buyers in Arlington? How much of a disadvantage am I at?
(Updated at 12:30 p.m.) A teenager was allegedly behind the wheel of a car that struck a 10-year-old girl and killed her dog in Arlington’s Donaldson Run neighborhood.
Police confirmed this morning that “the suspected driver has been located.”
This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].
Question: How does home value appreciation vary in Arlington by property type?
Answer: The Arlington VA housing market has appreciated by an average price of 49% and a median price of 39% over a ten-year period, but that appreciation is not evenly distributed across all property types.
Detached Homes Appreciate Over 60%
Those who spend the most on a home benefit from the highest appreciation rates, with detached home appreciation of 60%+ over the course of a decade, and new detached homes appreciating the most of any property type, at 65%.
Condos Appreciate 1-2% Annually
The worst performing category over ten years in Arlington is the one-bedroom condo, with appreciation close to 1% annually and just 15% over ten years. Two-bedroom condos perform moderately better, with an average annual appreciation closer to 2% at 28% over ten years.
Townhouses are the Goldilocks Property Type
More expensive than condos and less expensive than detached homes, townhouse/semi-detached properties fall right in the middle of cost and ten-year rate of appreciation, coming in at 40% over ten years. (more…)
The front of a CVS store along Columbia Pike was smashed overnight in what police say was a burglary attempt.
The driver of a car ran into the entrance to the store near Penrose Square, at 2601 Columbia Pike, in the wee hours of the morning. It’s unclear if anything was stolen. The vehicle was found abandoned nearby and the suspect remains at large.
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Hundreds Protest Along George Mason Drive — Hundreds of people lined George Mason Drive Monday evening to protest racism and support Black Lives Matter. The protest was organized by the Unitarian Universalist Church of Arlington. [Twitter, Twitter]
Break-in at Claremont Elementary — “At approximately 12:30 a.m. on May 31, police were dispatched to the report of a burglary alarm. Arriving officers observed four suspects inside of a building and established a perimeter. While clearing the building, the four suspects were located on the roof and taken into custody without incident.” [Arlington County]
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(Updated at 9:50 p.m.) Arlington County police officers who were assisting U.S. Park Police during protests in D.C. have been ordered “to immediately leave,” County Board Chair Libby Garvey tweeted Monday night.
Officers in ACPD helmets could be seen in photos and video (below) assisting with the forceful removal of protesters from around St. John’s Church, an action that involved the deployment of tear gas. Shortly thereafter, President Trump walked to the church and held up a bible, a move dismissed as a photo opportunity by critics and criticized as “antithetical to the teachings of Jesus” by the Episcopal bishop of Washington.
(Updated at 10:20 p.m.) With a 7 p.m. curfew and protesters marching on M Street NW, D.C. police are blocking lanes of the Key Bridge heading towards Georgetown.
Stores and restaurants are boarded up along M Street, in anticipation of another night of protests in the District.
Update at 9:15 p.m. — Arlington police have been ordered to leave D.C., County Board Chair Libby Garvey says.
Earlier: If you were watching cable news coverage of the fiery clashes near the White House last night, you might have spotted “ACPD” on the helmets of some of the riot police.
Police are looking for a man who broke a window at a fast-food restaurant along Lee Highway last night.
The incident happened around 11:30 p.m. on the 5000 block of Lee Highway, according to Arlington County Police. The restaurant is not named but that block is home to a Wendy’s.
Demonstrators will line George Mason Drive near Route 50 tonight to protest in support of Black Lives Matter.
The peaceful protest, organized by the Unitarian Universalist Church of Arlington in response to the death of George Floyd at the hands of Minneapolis police, is set to take place from 5-6 p.m. Monday.
