Arlington, VA Real Estate News

By Jay Hurst, Luxury Homes in McLean, Tyson's, and Great Falls
(Coldwell Banker Luxury)
Looking in Ballston or Arlington for a great Condo with low fees and a lot of space? Here is a home that is turn-key. Designer colors, hand-scraped hardwood floors, granite. 1705 in the Continental also has the perfect view. Many condos are facing the new construction - not this location! See all the way to Alexandria on a clear day. We are having an Open House this Sunday from 1 to 4 p.m. Please drop by and see the largest floorplan offered at 851 N Glebe. Call us for info at 703-626-3855 or visit TalleyHurstHomes.com for a brochure.
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By Will Nesbitt, Nesbitt Realty is a family-run brokerage.
(Nesbitt Realty at Condo Alexandria)
The Courthouse Metro Station is located in Arlington, Virginia at Wilson Boulevard and Uhle Street. The Court House metro is located on the Orange Line, in between the Rosslyn and Clarendon metro stations, and services the greater Courthouse neighborhood. The metro station began service in 1979 and is scheduled to be on the Silver Line by the start of operations in 2011. Located in the epicenter of Arlington, estimates project that sum 14,000 people enter and exit the station on an average weekday. The area surrounding the Courthouse Metro Station represents a wide-range of residential, commercial, government and retail buildings. Colonial Village, for example, located just north of the metro station, is one of Arlington's first garden apartment complexes and part of the complex has be...
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By AJ Heidmann ~ CRS, YOUR Alexandria & Arlington, VA Real Estate Expert
(McEnearney Associates, Inc.)
  The Arlington Report for YTD September 2009   Model      # Sold               Sales Range            Ave. Price      Ave. Subsidy  A  Lower        1                   $300,000                 $300,000            $9,750  B  Upper        7            $260,000 - $295,000        $283,714           $3,623  C  Lower        5*           $275,000 - $293,000      $282,600           $2,000  L  Lower        1**                  $345,000              $345,000             $ 0  M  Upper       3***        $307,000 - $311,000      $308,333           $4,666  *Excludes short sale at $265, 000 due to distressed nature **Excludes short sale at $269, 000 due to distressed nature ***Excludes short sale at $255, 000 due to distressed nature Data source: MRIS settled transactions 1/01/2009 - 9/30/2009, deeme...
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By Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate
You know what we say about real estate it is location, location, location.  Enjoy a close-in location, walking distance to Metro, shopping and restaurants, yet surrounded by grass and trees, adjacent to parks and bicycle trails, and close to major roads leading anywhere one might like to go.  Located minutes away from: Rosslyn, Virginia Georgetown and downtown Washington, DC George Washington Parkway, and I-66 Georgetown University George Washington University John F. Kennedy Center for the Performing Arts Pentagon Washington-Reagan Airport Clarendon Close to the following Shopping Malls: Ballston Common Mall Fashion Centre at Pentagon City Tysons Corner Center This condo is a rare find for those seeking the benefits of a well established community, amenities offered by many newer cond...
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By Justin Dibbs, Mortgage Advisor
(Fairway Independent Mortgage)
CASH IS KING in the first time home buyer price ranges! Arlington, Virginia (and really, most of Northern Virginia) have long been one of the country's most unafordable areas to purchase housing.  Residents who wished to live in areas like Arlington or Alexandria/Old Town have had to previously rent due to the high costs.  As long term renters, most first time home buyers are very familiar with the neighborhoods and the area in general.  They have never had a better opportunity to purchase their first home.  Home prices have come down quite a bit from their peaks in 2005, interest rates are very low right now and to top it off there is an $8,000 tax credit being offered by the government in an attempt to stimulate home sales and the economy (that a discussion for another post).   So wha...
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By AJ Heidmann ~ CRS, YOUR Alexandria & Arlington, VA Real Estate Expert
(McEnearney Associates, Inc.)
The Shirlington Report ~ September 2009 ~  A total of 32 units went to settlement in the month of September, while 25 of the 27 units under contract were ratified during the month.  Of this activity, 1st time home buyers continue be the driving force as they scramble to qualify for the $8,000 tax credit, which requires settlement take place on or before November 30th.  At our open house this past weekend, 75% of attendees were 1st time home buyers scrambling to find units to make an offer on.         In September, the units sold were much more tightly grouped vs August, without any units selling below $250K or over $500K.  Over 56% were in the narrow $350K-$450K range, while August had 50% of transactions below the $350K threshold.     AJ Heidmann, CRS, ABR, e-PRO Cell 703-474-1260 ~ Of...
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By Justin Dibbs, Mortgage Advisor
(Fairway Independent Mortgage)
  A friend's blog post inspired me to write this, I've been thinking a lot about it lately.   What's the deal with ALL THESE BUYERS?!   I'm getting lots of people coming through my website or emailing/IMing me directly lately.  They are serious home buyers with money to spend in Arlington and Alexandria, they just want homes that are retailing for $550,000 and they want them for $400,000.  What?!  Talk about crazy.  It's become so epidemic that I have to do something as all my bandwidth is getting eaten up trying to help these individuals understand that the market won't be providing them what they want at their price.  So, they either have to increase the amount of money they wan't to spend or lower their expectations.  My vote goes to lowering their expectations.     So what to do, wh...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
For those of you Whole Foods shoppers who buy American Flatbread’s frozen pizzas, here’s some great news! American Flatbread will be opening a new restaurant in the ground-level retail shops of the Zoso Lofts Apartment building at 1025 N. Fillmore Street, Arlington VA 22201 in Clarendon on October 5, 2009. American Flatbread started in Vermont in 1987. Their pizzas are made from Organic ingredients in a Primitive, wood fired oven. They support local farmers for their produce. They even brought a portable oven to Clarendon Day 2009:   Aside from various styles of “flatbreads” (i.e. pizzas!), they’ll feature 3 seasonal salads on the menu, in addition to drinks. Can’t wait for the Clarendon one to open on October 5th? They have a restaurant in Ashburn, VA too! Want to see what’s for sale ...
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By Justin Dibbs, Mortgage Advisor
(Fairway Independent Mortgage)
Pricing Your Home to SELL!   The key to selling a home in today's real estate market is PRICE!  Price is king and buyers in this real estate market are often comparing all types of potential properties from foreclosures and short sales to traditional sales when they analyze their options.  So, when selling your home in this real estate market, perhaps you should consider my 30-60 -90 day pricing strategy.   This pricing strategy can help save you from potentially long and difficult problems when selling your home.  The 30 day price is an honest and up front price that will get your home sold in 30 days or less, low hassle no anxiety.  The other 2 options are a 60 day and 90 day price, both of which are based off of the 30 day price.  The 60 day price allows for some negotiating room wh...
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By AJ Heidmann ~ CRS, YOUR Alexandria & Arlington, VA Real Estate Expert
(McEnearney Associates, Inc.)
The Arlington Report for YTD August 2009                                                   Model      # Sold          Sales Range             Ave. Price    Ave. Subsidy           A Lower        1                 $300,000               $300,000         $9,750           B Upper        5         $280,000 - $295,000      $287,200         $4,472           C Lower        5         $275,000 - $293,000      $282,600         $2,000           L Lower       1*                  $345,000              $345,000           $ 0           M Upper      3**       $307,000 - $311,000      $308,333         $4,666 Compliments of AJ & Jodee HeidmannYOUR Resident Specialists for The Arlington Activity within The Arlington has remained strong since the 1st Time Homebuyer Tax Credit was announced, strong open hous...
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By AJ Heidmann ~ CRS, YOUR Alexandria & Arlington, VA Real Estate Expert
(McEnearney Associates, Inc.)
The Shirlington Report ~ August 2009 ~  A total of 24 units went to settlement in the month of August, while 14 of the 30 units under contract were ratified during the month.  Of this activity, 1st time home buyers appear to have been a driving force as they seek to qualify for the $8,000 tax credit, which requires settlement take place on or before November 30th.    As far as where these sales took place across the pricing spectrum, 50% of these transactions occurred below the $350K threshold, another potential indicator of 1st time home buyer activity.       AJ Heidmann, CRS, ABR, e-PRO Cell 703-474-1260 ~ Office 703-518-8300 ~ Fax 703-518-8314  AHeidmann@CBMove.com Coldwell Banker Residential Brokerage 310 King Street, Alexandria, VA  22314 "Serving Distinctive Clients & Properties i...
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By Justin Dibbs, Mortgage Advisor
(Fairway Independent Mortgage)
Arlington area Short Sales are Good Deals for All! I really enjoy working with sellers owe more than there home is worth.  In other words, short sales.  Let me clarify... I know there are lots of people out there in Arlington and the surrounding areas that need to sell their homes and they owe more than the home is worth.  When this happens, there are 3 options available:   Foreclosure - The bank takes the home back and the owners credit is hit hard.  So hard in fact that it is highly unlikely that another home can be purchased for seven years.  Not good. Short Sale - The home owner gets authorization from the bank to sell the home for less that what is owed on the note.  A good option as some banks are reporting short sales as paid in full.  Additionally, another home may be purchased ...
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By Justin Dibbs, Mortgage Advisor
(Fairway Independent Mortgage)
We are getting closer and closer to the drop dead date on the Government's $8,000 tax credit for first time home buyers!  Only 81 days left to find, buy and settle on a home to qualify for the free cash!  Buyers are starting to scramble to try to find a home to make the December 1, 2009 deadline.  With the local real estate market heating up and inventory dwindling it's GAME ON to get out there and find yourself a steal of deal and kick back this holiday season knowing $8,000 is coming your way in the spring! Can it still be done?   You bet it can!  With some dedicated effort and smart planning and strategising, it's very possible to still grab that $8,000 tax credit.          If I were counseling someone on how to take their next, best step to successfully get the $8,000 tax credit tha...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
A new construction project on N. 9th Street on the corner of N. Irving Street is the home of Clarendon 3131. Located at 3131 N. 9th Rd, Arlington, VA 22201, just 3 blocks to the Clarendon metro. The development will be home to 14, large 2 bedroom-condo units, and 2-bedroom luxury townhomes. Condos will start in the upper $500ks, and the townhomes will be just under $1.2M. Condos on the first floor units will have a private front-yard, and elevated units will have balconies. Standards will include hardwood floors throughout, granite, upgraded cabinetry, recessed lighting, luxurious baths, and covered parking for each unit. Townhomes will all of the above, gas fireplaces, two-car garage, 4th floor loft with balcony.  Delivery is expected for late 2009.
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
Located in the western part of Arlington County, near the East Falls Church Metro, is the neighborhood of Berkshire Oakwood. The neighborhood has somewhere between 1,700-1,800 homes. This area is in the Arlington-East Falls Church area, which broke away from Falls Church in 1936, when it formally joined Arlington County. Located in the 22207 zip code, bordered by Lee Highway (Rt 29), Fairfax Blvd (and Rt 66), and many other side streets including John Marshall and N. Trinidad, Berkshire Oakwood is a very popular area. Originally built homes were mostly constructed in the 1930s and 1940s, however, Berkshire Oakwood has been a popular site for Arlington McMansions. There are many homes that retain their charm of yester-year, but there are also many, many homes that have been remodeled fro...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
A neighborhood of about 500 homes, most of which were built in the 1930s and 1940s, Alcova Heights is located in South Arlington. The neighborhood is bordered by Glebe Rd (Rt 120), Arlington Blvd (Rt 50), Columbia Pike (Rt 244), and S. George Mason Drive, in the zip code 22204. Most of the detached properties are brick colonials, but there are some bungalows, and contemporary homes. Some have also been updated since their original construction.
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By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
The kids are back in school.  Now it's your turn.  Time for real estate school. Are YOU Ready to become a REALTOR? Do you want to get involved in an exciting career where the upside potential is unlimited? If you're not interested in taking up this opportunity, how about your friends, family members, or colleagues. Perhaps you're bored of the 9-5 daily grind, long commute, and cubicle squatting. Click here for a short entertaining video on the Recipe for Real Estate Success. If you want real estate to be in your future, well, you are in luck. TAKE THE COURSE. PASS THE EXAM. BECOME A REALTOR. Having trained two dozen people this summer to take and pass the Virginia Real Estate Salesperson Exam (and helped get them ready for starting a career in real estate), I'll be teaching another sess...
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By Justin Dibbs, Mortgage Advisor
(Fairway Independent Mortgage)
Slowly but surely, short sales homes are coming around as some of the best deals out there.  With the lack of foreclosure and bank owned home inventory in Arlington, more buyers are willing to try to wait it out for the short sales.  Short sales are generally in better condition than most foreclosures as well so that's very appealing for today's home buyer.  More short sale transactions are actually making it to the settlement table today, so that's good news for the Arlington area homebuyer.  Unfortunately, they are still taking quite some time to close.  Most of the time the reasons for this are a general lack of experience on behalf of the agent trying to sell the home.  They simply don't know how complicated selling a short sale property is.  The additional paperwork required, how t...
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By FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
(Northern Virginia Homes - FRANKLY REAL ESTATE Inc)
Are you better off buying AFTER the tax credit expires? Maybe. Everywhere you turn you read about the $8,000 1st time homebuyer tax credit and how you need to "Buy Now" (anybody remember that NAR ad from 2006?). Gotta hurry up before the Dec 1st Expiration!  (Sidenote: that expiration means you need to CLOSE by then. If you are looking for a short sale gamble, and you want the credit, you better get it under contract NOW. And everyone else, don't be an idiot and schedule your closing on the 1st. At least close a week early. There will be a backlog and hiccups and you might miss your tax credit.) So Warren Buffet says whenever you see a herd running in one direction, you are supposed to walk the other way.  Oh, and there IS a stampede in Virginia trying to buy a home in time for the tax...
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By Will Nesbitt, Nesbitt Realty is a family-run brokerage.
(Nesbitt Realty at Condo Alexandria)
The Representative Condominium is about an 8 minute walk from both the Yellow and Blue Metro Lines. It was built in 1976 and has 12 floors with a total of 206 units. The balconies provide views of Rosslyn, Crystal City, Fort Meyer and other parts of Arlington. The back side of the building has excellent views of the Pentagon, the Potomac and the landmarks of Washington D.C. These luxury condos are supported by street and surface parking as well as three levels of garage parking. Each floor has a laundry room and there are no fees to use the laundry. There is a pool behind the building. The building has an excellent party room / meeting room facility. Each unit has supplemental storage space.
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