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:
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 September 16, there are 124 detached homes, 39 townhouses, and 173 condos for sale throughout Arlington County. In total, 19 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, 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.
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 September 9, there are 133 detached homes, 34 townhouses, and 165 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.
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.
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.
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 September 2, there are 110 detached homes, 31 townhouses, and 148 condos for sale throughout Arlington County. In total, 16 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 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.
