Construction on the new Fire Station 8 on Langston Blvd is halfway done but experiencing delays, partly attributed to the county’s own permitting process.
The project at 4845 Langston Blvd, where the old station used to be, is about seven months behind schedule and is now expected to wrap up by January 2024.
(Updated at 12:10 p.m.) Two candidates have emerged as top fundraisers ahead of this year’s Democratic primary: Natalie Roy for Arlington County Board and Josh Katcher for Commonwealth’s Attorney.
That’s according to newly-filed quarterly campaign financial reports.
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: Does the cost of renting a home in Arlington increase at a similar rate as the cost of buying a home in Arlington?
Answer: The cost of renting and buying a detached home increases at a similar rate, but the cost of renting a condo has outpaced the cost of buying a condo.
Condo Rents Rising Faster than Condo Prices
Since 2020, the cost of renting a detached home in Arlington increased at a similar rate as the cost of buying a detached home; 26% and 28%, respectively.
However, the cost of renting a condo increased significantly faster than the cost of buying a condo; 21% and 6%, respectively.
Sale Price to Rental Rate Multiple Shifts with Interest Rates
The table below shows the average price and $/SF of buying a detached home or condo relative to the average annual rent for a detached home or condo, in Arlington. Higher multiples show that buying is becoming more expensive relative to renting.
Takeaway: Condo buyers are more rate sensitive than detached home buyers and are more likely to rent (higher rental demand = strong condo rent appreciation) than buy (weakened purchase demand = low condo value appreciation) when interest rates increase. Notice how quickly the sale price to rental rate multiple drops from 2020/2021 to 2022/2023 (rates skyrocketed spring/summer 2022). (more…)
Two suspects led authorities on a three-hour-long pursuit by land and by water overnight.
The chase started around 1 a.m. in Crystal City, when a Virginia State Police trooper spotted a car with improper tags, which then fled from an attempted traffic stop. The chase made its way onto I-395 near the Pentagon, where the suspect’s car struck a police cruiser, according to Virginia State Police, after which the suspects fled on foot, chased by troopers.
Local rising kindergartener, Phin, has advanced to the Top 5 in his group in the national Jr. Ranger Contest, a competition that celebrates children who are passionate about nature, wildlife, and exploration. After making it through earlier rounds with strong community support, Phin is now in 4th place and working toward the top spot needed to move on to the quarterfinals.
The contest encourages kids to engage with the outdoors and highlights their curiosity and love for learning about the natural world. For Phin and his family, this experience has been both exciting and meaningful, made even more special by the encouragement from friends, neighbors, and the broader community.
Presidential Campaign Speech in Arlington — “Nikki Haley to make the first speech about abortion by any of the 2024 GOP presidential contenders,” on Tuesday, April 25 in Arlington. [Twitter]
Prosecutor Reiterates Abortion Position — From Arlington and Falls Church Commonwealth’s Attorney Parisa Dehghani-Tafti: “Why? Why Arlington? There’s no point coming here @NikkiHaley. As long as I’m CA, Arlington will not prosecute people and their doctors for abortion care.” [Twitter]
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Good Tuesday evening, Arlington. Today we published articles that were read a total of 41969 times… so far.
The following are the most-read articles for today — Apr 18, 2023.
Residents will have to wait until May to apply for a permit to use on-street parking in their neighborhood.
Two weeks ago Monday, Arlington County opened up applications for its Residential Permit Parking program. RPP restricts parking in certain residential areas near commercial corridors, typically allowing residents and their guests to park during the day while those without permits have to look elsewhere.
A new restaurant may be moving into the former home of Rincome Thai on Columbia Pike.
A business going by the name “Yoi Yoi” has applied for a permit to serve alcohol at 3030 Columbia Pike, according to Virginia ABC records. That was until recently the address of Rincome Thai, which occupied the corner space inside the Days Inn for nearly four decades. It closed in February due to the owners retiring.
Bill Schweigart is always thinking about the best place for a dead body.
The Arlington-based author, who lives in the Barcroft neighborhood, could be taking a walk on nearby trails, grabbing a bite at a local restaurant, or even out with his wife, but he’s always looking for the next local spot to set a crime.
Arlington County police will be out in force tomorrow along two busy roads, conducting high visibility traffic enforcement.
The action is part of the region’s annual spring “Street Smart” campaign, which “focuses on educating drivers, pedestrians, and bicyclists about traffic laws and how to safely share our roadways.” The campaign will run through Sunday, May 14.
