real estate

Each week, “Just Sold Condos” spotlights condos in Arlington that have sold over the previous week. The market summary is crafted by Rick Bosl, the Arlington Condo Expert, founder of ArlingtonCondo.com, and an agent with KW Metro Center. Contact Rick and make your next move the right move.

Welcome to Just Sold Condos in Arlington!

Last week there were 22 condos that went to settlement, but only 7 condos that were taken off the market (expired, cancelled, or withdrawn). How does the condo market compare to the single-family home market in Arlington?  

Numbers-wise, there are more condos that are sold every month in Arlington than single-family homes, as the chart below shows. Every month, for the past few years (and more) there have been consistently more condos (gold) sold than single-family homes (red) and townhomes (green) combined.  

The media often focuses on the single-family market, though. All the stories about a home getting 50 offers, that is most likely a single-family home. Why all the attention? One, people can see a house from the street, so it is more relatable and two, prices are much higher.  

The chart below shows the median sales price of condos (gold), townhomes (green), and single-family homes (red) for the past 3 years in Arlington. Last month, single-family homes had a median price of $1,250,000, which was almost 3x the median sales price of a condo at $488,750.  

For more info on the sold properties, visit ArlingtonCondo.com Just Sold Condos page.

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Each week, “Just Sold Condos” spotlights condos in Arlington that have sold over the previous week. The market summary is crafted by Rick Bosl, the Arlington Condo Expert, founder of ArlingtonCondo.com, and an agent with KW Metro Center. Contact Rick and make your next move the right move.

Welcome to Just Sold Condos in Arlington!

Last week there were only 9 condos that went to settlement. That reflects low inventory and interest rates above six percent. Part of the reason for the low inventory is the low interest rates many current homeowners have.

Of the nine condos that sold, one seller bought their condo with cash while the other eight owners financed their purchase.

The original loan, interest rate and balance at the time of sale were:

For more info on the sold properties, visit ArlingtonCondo.com Just Sold Condos page.

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Each week, “Just Sold Condos” spotlights condos in Arlington that have sold over the previous week. The market summary is crafted by Rick Bosl, the Arlington Condo Expert, founder of ArlingtonCondo.com, and an agent with KW Metro Center. Contact Rick and make your next move the right move.

Welcome to Just Sold Condos in Arlington!

Last week, September 2-8, we had 11 condos and co-ops that went to settlement, ranging in price from $339,500 for a 2 bedroom/1 bathroom condo at the Lancaster on Columbia Pike to $715,000 for a 3 bedroom/3 bathroom townhouse style condo at Windgate in Shirlington.

Only one of the 11 sales was on the market for more than 21 days. Not only did the other ten sell in a short amount of time, but they sold for nearly 100% of the asking price. What did these sellers know that resulted in these sales? Read “What Savvy Sellers Know” below.

For a complete list of what sold recently, along with detailed stats and listing information, visit ArlingtonCondo.com Just Sold Condos page.

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Each week, “Just Sold Condos” spotlights condos in Arlington that have sold over the previous week. The market summary is crafted by Rick Bosl, the Arlington Condo Expert, founder of ArlingtonCondo.com, and an agent with KW Metro Center. Contact Rick and make your next move the right move.

Welcome to Just Sold Condos in Arlington!

Last week, August 26 to September 1, we had 19 condos and co-ops that went to settlement, which was fewer than the week before but probably due to the Labor Day weekend. The quickest sale was a condo in Fairlington that went under contract after 3 days. The longest time on the market before going under contract was a condo at George Mason Village that took 144 days and several price cuts before selling.

For a complete list of what sold last week, visit ArlingtonCondo.com Just Sold Condos page.

Here are some other stats from last week:

• Average Days On Market (DOM): 32 days
• Median DOM: 18 days

Looking at stats for year to date:

• Average DOM: 27 days
• Median DOM: 10 days

Here’s the thing, though. The Days On Market stats that are often quoted are only for properties that actually sold. The full name of the statistic is really Days On Market Before Selling. If it doesn’t sell, then, of course, it doesn’t factor in.

Last week, there were 16 condos that didn’t sell and were removed from the market.

For a complete list of what didn’t sell last week, visit ArlingtonCondo.com Just Expired Condos page.

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