News

NRECA Tree Planting Ceremony — In honor of its 75th anniversary, yesterday the National Rural Electric Cooperative Association planted a tree next to its Ballston headquarters using soil collected from hundreds of its 900 electric co-op members. [Facebook]

SoberRide Active for July 4 — The regional SoberRide program will be offering free Lyft rides up to $15 each on the Fourth of July, to help get impaired drivers off the road. Between 7 p.m. on July 4 and 2 a.m. on July 5, Lyft users can use the promo code “SOBERJULY4” to get a free ride up to $15 or a $15 discount on a more expensive ride. [Washington Regional Alcohol Program]


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Average house prices in Arlington County have recovered to or exceeded what they were before the 2008 financial crisis, except in eight neighborhoods, according to new findings.

Randy Smith, a senior fellow at the D.C. Policy Center and a GIS specialist at Hood College in Frederick, Md., found that on average, houses in the following neighborhoods have gone down in value since 2007:


News

Alamo Drafthouse Coming to Crystal City — An Alamo Drafthouse Cinema will be coming to Crystal City to anchor a residential redevelopment by the JBG Smith. The redevelopment will convert the aging office building at 1750 Crystal Drive to a gleaming glass-and-metal residential building while topping it with a six-story addition. Also planned is an as-yet unsigned “specialty grocer” — think: Trader Joe’s or something similar. [Washington Business Journal]

Home Prices Rise in Arlington — “Long & Foster Real Estate Inc. says the median selling price in Arlington County last month was $613,500, up 15 percent from May of 2016. The change was based on 350 closed sales in Arlington in May.” [WTOP]


News

Fairlington Named ‘Top Value Neighborhood’ — Fairlington and Shirlington are together the No. 3 “top value neighborhood” in the D.C. area, according to real estate website Trulia. No. 1 is University Park in Maryland and No. 2. is Kingman Park in D.C. [Curbed]

Market-Rate Affordable Housing Disappearing — In 2000 there were 19,740 homes in Arlington affordable to those making 60 percent of Area Median Income. That dropped by 86 percent, to 2,780 units, by the end of 2016. [Washington Business Journal]


Sponsored

When Alyson and Tyler started thinking about selling their home, they considered calling the real estate agent who had helped them in the buying process. But the transaction costs of using an agent were just too much to justify.

“At the same time, we have two young kids and very little spare time to understand the important details and nuances of managing a real estate transaction,” says Tyler.


News

A small two-story building that’s now in the shadow of a much larger development in Courthouse has been placed on the market.

The owner of SuperStar Tickets and its building at 2305 Wilson Blvd says he is searching for a buyer, with the help of a real estate firm, but will only sell for the right price.


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Rob and Feli were ready to sell their home, but there was one thing they wished to avoid-the 6 percent realtor commission. “We wanted to sell our house on our own to avoid that,” says Rob. “We felt that the real estate system is very broken. In our case, the fee would have been $31,500.”

But how does one sell a house when you’ve got no experience? “We were reluctant because we were not familiar enough with the process and the laws,” says Rob. “Then we stumbled across homezen. We were amazed at how low their flat fee was for the services that they were providing.”


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This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: How does the price range of the home for sale affect the speed of the sale?


Feature

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: I’m getting ready to purchase a home and have been watching the market over the last few months. I find that most homes I like go under contract quickly. How long are most homes on the market in Arlington and do you have guidance regarding offer price based on how long a home has been on the market?


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