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 19-25, we had 30 condos and co-ops that went to settlement, ranging in price from $144,000 for a studio at River Place to $1,550,000 for a 3 BR/2 BA unit at Memorial Overlook. The median price was $516,500 and the median days on the market were 13 days.
How are buyers paying for their condos and co-ops? Well, the vast majority of the buyers used conventional financing (21 out of 30) and the number two method was cash, which was used in 7 out of the 30 deals that closed. Show me the money!
Money
Year to date so far shows 828 condo and co-op sales in Arlington. What was the financing breakdown?
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of August 26, there are 119 detached homes, 30 townhouses, and 138 condos for sale throughout Arlington County. In total, 22 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
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 12-18, we had 33 condos and co-ops that went to settlement, ranging in price from $145,000 to $1,040,000. The median price was an even $417,000 and the median days on the market were 7 days.
What can you get around the median price of $417,000? In Arlington, you can get:
2 BR/1 BA condo at Colonial Village: 1748 N Rhodes Street #319, built in 1940 for $417,000 and a condo fee of $464/month. Located in the Courthouse area, this is a short walk to the metro.
1 BR/1 BA condo at West Village of Shirlington for $377,000. The complex of the West Village of Shirlington was originally built in 1966 as rental apartments and then completely gutted in 2005 and converted to condos.
2 BR/2 BA condo at the Carlyle House at 5300 Columbia Pike #1007 for $375,000. This Penthouse level unit boasts a large 1,325 square feet plus an extended balcony.
If you are following the real estate market, while it is important to watch what sells, it is also important to watch what doesn’t sell. Last week there were 8 condos removed from the market. Four were withdrawn, 1 expired, and 3 cancelled. When a listing is removed, it can have one of three status’:
Expired – The listing term has reached its end and the listing agreement is over.
Cancelled – The listing term hasn’t reached its end, but the seller decided to cancel the agreement with the agent.
Withdrawn – There is still a listing agreement in place but the seller has decided to take it off the market. A number of listings will be withdrawn in December around the holidays and then put back on the market a few months later.
Selling Your Condo in the Fall: Smart Move or Missed Opportunity?
If you’re considering selling your condo in Arlington, you might be wondering if the fall is the right time to do so. While most people associate spring with a bustling real estate market, fall has its own unique advantages that can make it an ideal season for selling.
Understanding Market Trends
One of the key trends to note is the uptick in activity after Labor Day. Historically, there is a noticeable jump in new listings come September, as evidenced by market data. This increase in listings suggests that sellers are capitalizing on the heightened buyer interest returning from their summer hiatus.
The chart below shows the number of new condo listings by month for the past ten years. The red arrows point to the bar for September and, as you can see, there is a noticeable jump.
New Listings
Benefits of Selling in the Fall
Motivated Buyers
Come September, buyers who delayed their home search during summer vacations are back in action. They are often motivated to close deals quickly, especially before the holiday season sets in, making them more likely to make competitive offers.
Moreover, fall is also a transitional period when people start planning for the upcoming holiday season. This creates a sense of urgency among buyers who want to finalize their housing situation before the busy holiday season begins. As a seller, this means you have a higher chance of attracting serious and motivated buyers who are looking to make a move quickly.
Be sure to try the short assessment to test your readiness.
Please note: While ArlingtonCondo.com provides this information for the community, they may not be the listing agent of these homes. Equal Housing Opportunity.
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of August 19, there are 118 detached homes, 32 townhouses, and 152 condos for sale throughout Arlington County. In total, 18 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
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 5-8 and 11, we had 21 condos and co-ops that went to settlement, ranging in price from $135,000 to $1,100,000. Price is one thing to consider when buying a condo, but don’t forget about the condo fee. The important number to look at is the total monthly payment, which is the mortgage + condo fee + taxes + insurance.
The condo fees for the units that sold last week ranged from:
$361/month for a 2 BR/1 BA unit at Palisade Garden
$2,132/month for a 3 BR/3 BA unit at the Waterford House
And the Median condo fee for units that sold last week was:
$501/month for a 2 BR/1 BA unit at Rosslyn Heights
Another way to compare condo fees is by condo fee per square foot. That is a more consistent approach when you are dealing with condos of various sizes. Calculating it this way gives a range of:
$0.39 per sq. ft. for a 941 sq. ft. condo at West Village of Shirlington (4179 S Four-Mile Run Drive # 401)
$1.20 per sq. ft. for 3 BR/3 BA unit at the Waterford House (1200 Crystal Drive # 1513)
Why such a discrepancy? Read below on what the condo fee covers.
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of August 5, there are 114 detached homes, 31 townhouses and 151 condos for sale throughout Arlington County. In total, 23 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
Just Listed highlights Arlington properties that just came on the market. This biweekly feature is written and sponsored by Coral Gundlach Homes.
Hello Arlington!
Coral Gundlach here with Coral Gundlach Homes at Compass in Arlington. I’ve been an Arlington homeowner since 2001 and a Realtor since 2004. I love this real estate market, even though it has its challenges.
As we continue through the dog days of summer, we are finding our typical slowing of new listings. All numbers are down or the same in all categories, as far as new listings go, and Under Contract/Pending listings are slightly up. This means that even though interest rates dropped drastically this week, there are still fewer listings from which those buyers may choose, which will probably make those listings very popular and likely to sell fast.
If you are a seller who is waiting to sell, I would suggest taking advantage of these low rates and listing now, even though August is typically not the best time.
Here are the numbers as of the time of writing: Friday, August 9 at 10:30 a.m.
All active listings in Arlington: 280 (down from 301 two weeks ago)
New Listings in the past week: 44 (down from 51 two weeks ago)
Under Contract/Pending in last week: 38 (up from 36 two weeks ago)
All active detached listings: 104 (down from 121 two weeks ago)
New active detached listings: 19 (barely up from 17 two weeks ago)
All active townhouses, fee simple: 24 (down from 26 two weeks ago)
New active townhouses, fee simple: 5 (same as 5 two weeks ago)
All active condos/co-ops: 148 (same as 148 two weeks ago)
New active condos/co-ops: 20 (down from 29 two weeks ago)
The average cumulative days on market (CDOM) for both Active Under Contract and Pending sales went down to 33 from 34, two weeks ago. CDOM includes homes that were withdrawn and re-listed. Homes that went straight to Pending (meaning no contingencies) averaged 33 CDOM, down from 50 CDOM two weeks ago, and those that went Active Under Contract (with contingencies) had an average of 27 up from 20 CDOM.
Twenty-nine total properties closed in the last week of those, the CDOM was 25, and the average original list price to sales price ratio was 98.3% and the average current list price to sales price ratio was 99.3%
Continuing to keep up with showing activity as we began last week, showing time tracks showings on listings and compares them to the last week and the same week last year. These stats are from the week ending August 4. For Arlington county, there were 632 showings scheduled compared to 784 one year ago in the same week, and 732 the last week. That shows that buyer activity is down as well. These numbers were compiled before the interest rate drop, and I would think the lower rates will show an uptick in activity for next week.
Contact Coral Gundlach Homes today at (703) 200-3631 or email [email protected] to talk more about buying or selling Arlington real estate.
Today’s featured listing is a storybook charming Cape Cod with a white brick exterior and blue front door in the Yorktown neighborhood. 5109 25th Street North in 22207 is listed by Heather Embrey with Better Homes and Gardens Premier Real Estate and is listed at $1,149,000.
It offers loads of updates with a remodeled kitchen with striking white and blue cabinetry, smart home features, generous bedroom sizes, finished basement and a flat back yard with a wonderful patio and grassy playspace! It is a popular home and has an offer deadline of Monday August 12, at 12 p.m. It is open Saturday, August 10 and Sunday, August 11 from from 1-4 p.m.
Want to see more Just Listed properties? Interested in an Open House this weekend? We’re happy to show them to you privately! Click here or contact Coral Gundlach Homes.
Please note: While Coral Gundlach Homes provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.
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, July 29 to August 4, we had 22 condos and co-ops that went to settlement, which was twice as many as the week before. The sold prices ranged from $108,000 to $1,375,000 with an average price of $473,710 and an average of 24 days on market.
One of the many unique things about Arlington real estate is the wide variety of price ranges within close proximity to each other.
The lowest priced and highest priced sale last week were:
River Place — 1121 Arlington Blvd. #339 for $108,000
Gaslight Square — 1610 N Queen St. #241 for $1,375,000
They are both in zip code 22209 and are only 0.44 miles or 777 yards apart. Compare that to many suburban neighborhoods where all the homes are priced within 5%-10% of each other.
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of August 5, there are 119 detached homes, 34 townhouses, and 148 condos for sale throughout Arlington County. In total, 29 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
