Arlington, VA Real Estate News

By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
If you're looking for more information on the new condominium building in Clarendon (Arlington, VA) - The Phoenix at Clarendon Metro - you've found a great new resource! Today I launched a new blog: "An Insider's Look at the Phoenix Condominium"   www.ThePhoenixInArlington.com As a resident and Realtor, i'll provide updated information on the building as it becomes available! Please check the website for sales information, policies, etc. Feel free to contact me with any questions regarding the condo building, or any other buildings in Arlington!
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By Rick Bosl, Rick Bosl
(Keller Williams Realty)
If you were eyeing a fairly priced condo at $400,000 and over a couple months it dropped 15% to $340,000, would you jump on it? If you were a serious buyer, you most likely would. Well, that is happening with mortgage rates. Too often, buyers focus on just the list price and don't take it a step further to look at the monthly payment. Just a couple months ago, 30 year fixed rate mortgage were at 6.5%, which historically is still a good rate. Today, I got a couple rate sheets from some of my lenders quoting a 5% interest rate for a 30 year fixed loan. What contributed to the low rates? The announcement by the Federal Reserve on 11/25/08 to directly purchase $500 Billion in mortgage back securities. So, let's look at some numbers.     Loan Amount   Int Rate $400,000 $500,000 $600,000 5.0%...
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Harris Teeter is still staying strong. They're opening up a bunch of other locations across the region very soon. Why do I mention it. Well, there's not much to talk about in real estate transactions in 2720 Arlington Mill Drive, south for November.There were 0, yes zero, sales for November 08. So I can't reference particular models selling better, or being more appealing. I can't talk about average days on market. I can't even talk about sold price to list price ratios. Because there were not SOLD properties for November.There was one property that rented in November. It was a 2 bedroom model. It rented for $2,299/month. The property was on the market for 54 days. That is the high, low, and average days on market for rentals this month.Let's hope that a holiday present this year is a l...
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By Brian Block, Northern Virginia & D.C. Real Estate
(RE/MAX Allegiance, Managing Broker/Branch Vice President)
"You are in real estate.  I feel sorry for you these days." I've lost count of how many times someone has said something along these lines to me in the past few weeks and months. What with the daily news of the economy, devastating media reports about the real estate market, foreclosures, prices taking nosedives, etc. -- what should people be thinking? "You must have a lot of time on your hands these days." "Have you thought about a back-up plan or a part-time job?" Is the real estate market really that bad?  The market presents challenges, for sure, but there are also opportunities.  It is not a bad market, but a changed one here in Northern Virginia and D.C. After my $970,000 settlement on a luxury townhouse in Arlington on November 7th, I've had a new answer to this barrage of questi...
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By Jennifer MacKenzie
(Long & Foster)
Days on market.... your clients advantage? One of my clients ddidn't not want to accept a good reasonable offer. Because they had been on the market for only 1 week.How many of you deal with this same issue? I tried to get my clients ( the sellers) to realize that only being on the market for less than a week was their advantage!  Because they have not had a lot of days on market they command a higher price! But they should not turn down good offers because they just came on the market! How do you teach your clients??        
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By Theresa Kim, Associate Broker, VA and DC
(RE/MAX Allegiance)
Nov. 12, 2008- Arlington, VA Real estate Market Observations: Found several N Arlington condos heading for foreclosure auction in the next two weeks.  The disturbing thing is that these are coming on from the most prized areas of N. Arlington.  Saw one 2bdrm/2fba at the Odyssey heading for the auction block later this month.  That building was popular and expensive when delivered in 2006.  This was also a period in our credit markets where credit was cheap to say the least.  I'm sure many if not most of these units were financed using now the infamous "100% financing"!  And needless to say, are under water!  But among the rubbles, there are gems to be found in the foreclosure markets:  Found a 2bdrm 2fba unit in Lexington Sq. will be going to auction for the 1st trust amount.  Since the...
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By Theresa Kim, Associate Broker, VA and DC
(RE/MAX Allegiance)
Foreclosures in the Newly Delivered condos in Clarendon, Courthouse... all over N. Arlington are worrying home owners who have bought in the last 12 months thinking they got a great deal- not realizing that the market could go down further in the most prized areas of Northern VA.  But that's where the prices and sales are the best and most brisk even in this credit crunched real estate market.  Station Sq. the newest delivered condo complex in Clarendon- has had a handful of shorsales and foreclosures.  One 2 bdrm 2.5 bath over 1100 sqft about to go to auction in 2 weeks for the 1st trust amount!  Currently listed in the $600Ks with 1st and 2nd trusts combines. Contact poster for more information on this property or others in the DC metro areas! **Ask to be on my list for Arlington or D...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
Another historic neighborhood of Arlington, Lyon Village, is located near Clarendon. Bordered by Lee Highway, Wilson Blvd, Veitch and Kirkwood Roads, Lyon Village is known for it's suburban feel of tree-lined streets and 1920s and 1930s mix of single family homes. The neighborhood is also just a few blocks from both Clarendon and Courthouse metro stations. The community has it's own park, located at 1800 N. Highland St. The park has a basketball court, tennis courts, picnic tables, playground, and a spray park in the summertime for kids.   Home Prices in Lyon Village: Currently, there are 5 properties for sale in Lyon Village. Prices range from $750k to $2.7M Recent sales in Lyon Village: 2 Condos and 10 Single Family Homes 4 Bedroom homes on average sold for $915k 5 Bedroom homes on av...
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By Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News
(Integrity Real Estate Group)
Just a stoplight away from the Pentagon and tucked in the trees off of I-395, sit the seven neighborhoods that make up the community of Fairlington. The connection between military families stationed at the Pentagon, Fort Meyer or other Military District of Washington facilities remains as strong today as it did in the 1940’s when Fairlington was first built. Originally Fairlington was constructed as a garden apartment complex to house defense workers and their families during World War II. The community remained popular as a rental complex for almost 30 years and then in the early 1970's the property was converted to condos. In 1998 the areas of North and South Fairlington were added to the Virginia Landmarks Register and in 1999 they were added to the Federal registry of National His...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
Lyon Park is one of the many residential neighborhoods located throughout Arlington. Lyon Park consists of about 5,000 residents. It was founded in 1919 by developer Frank Lyon. It's also on the National Register of Historic Places as a planned community. Lyon Park goes from Clarendon, to Rt 50 to Pershing St in Arlington - all in all, about 102 acres originally were used to form Lyon Park. Lyon Park has it's own community center, citizens association, Women's Club, and so much more. It's a very community orientated area. Today, there are mostly Single Family homes (Cape Cods, Bungalows, Ramblers, etc) and some townhomes throughout the area. Currently there are 10 properties in this neighborhood that are up for sale. Prices range from $550,000 to $2,400,000. There is so much to offer in...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
On Friday I was recruited to play softball for a co-ed rec league that's based out in Alexandria. My old college teammate asked me to join them for a makeup game - and then told everyone that I played 1st base in college. Seeing as how that was years ago - she only set me up for failure! (That's me on the right at bat...key the song "Glory Days") In case you're interested, I did have an error (the first ball that was actually thrown to me after 3 long innings), but I redeemed myself with a triple! I'm still unsure if i'll be invited back.. :( For those of you that are interested in meeting some new people in Arlington, below is some information on local recreational sports teams in Arlington County. It's a great way to make new friends, network, and get some exercise! Arlington offers t...
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By FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
(Northern Virginia Homes - FRANKLY REAL ESTATE Inc)
So the stock market is crashing to the worst week ever (I think due to off books Enron style account, see 07 warning). So how will that affect the housing market for luxury homes? Don't care? Then don't read this. I had a theory- albeit obvious - that those buying Virginia luxury homes over $1 Million in Arlington and the DC area would come to a halt since these buyers most likely "had" their money in stocks. Who is going to unload their stocks down 25-45% to buy a house? With a 20-25% down payment (5%-10% down is much harder, if not impossible, now) that can make that $2 million property feel like $2.2M overnight, and without another wing on the home. My data-pull results (not regurgitated data): I pulled up homes in the DC area from $1 Million to $4 Million that went under contract (m...
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By Jeff Wu
(@Home Real Estate)
Will this trendy area be able to withstand the seasonal drop off of real estate transactions?See the September statistics below:ZERO homes SOLD in September at Shirlington VillageOne that's available now = http://picasaweb.google.com/AgentKnows/ShirlingtonVillageLoftCondoForSale#ZERO homes RENTED in the month of SeptemberOne that's available now = http://picasaweb.google.com/AgentKnows/2720ArlingtonMillDrS2BedroomForRENT#CLICK HERE --> For more Stats and Downloadable Shirlington Village informationInformation gathered from the MRIS. Information is deemed reliable, but not accurate.
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By FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
(Northern Virginia Homes - FRANKLY REAL ESTATE Inc)
First my thoughts on the $700,000,000,000 bail out... I told you so! Read my blog post from 12-2007 entitled: SIV= Imagine Enron, Bank Wide. (I posted it on my more frequent, but less polished blog on ActiveRain) The #1 problem is OFF-BOOKS accounting! All of these sub-prime loans are hidden. Nobody knows how much exposure all the banks have. Secondly, people have been emailing me asking what I've been up to and why I haven't posted more frequently. Well, as some of you might know I'm in night school at Washington College of Law at American University. (I should be reading right now actually) Oh and I also got married! Anyhow, don't fear. I'm still sharing my thoughts, but more so over at my WheelEstateCam on Youtube. I attached the camera to my steering wheel and I take you for a spin ...
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By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
From Business Week, yet another survey. Certainly, every week, minimally, someone else releases more statistics. While I don't know where these stats are from, I'm not sure this set means much. Arlington, VA did make the list, as Business Week's 18th fastest housing market in the country currently. Sure, but this data is only looking at one zip code. It shows a median price very close to $1million, with a 0.6% increase in price from one year ago. From my personal experience, I can show examples on both sides of this increase/decrease. With regards to 100 days on the market, lets agree that's a problem. A well priced (not cheap, but realistic) will surely sell in much much less time than 100 days. Much less than even half of 100 days. Data can be used to show anything; as for 18th fastes...
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By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Arlington Real Estate Report for August 2008 Home Sales in Arlington Virginia Still Saw Homes Sold Drop of 36% Compared to Same Sale Period August 2005.  Arlington Virginia Homes Price Average of Homes Sold is Still Trending to Move Lower - Arlington Real Estate Market Report.  This real estate report shows - that a 4 year comparison of average Arlington homes sold chart based on MRIS Data*.  It was created to allow better comprehension of Arlington Virginia Homes sales price trends. The Arlington Real Estate market has changed and we all need to know what is occurring.  A 36% drop in the numbers of homes in Arlington that sold as compared to August 2005.  Sales in Arlington increased 1.28% over August 2007.  The net sales price is trending lower due to the nature of this buyers market....
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By Erelopro Out of Business, Relocation Professionals are out of business
(erelopro)
Nestled along the banks of the mighty Potomac River, Arlington, Virginia is a vibrant city on the outskirts of Washington, D.C. Arlington is most widely regarded as home to the Pentagon and Arlington National Cemetery. But there is so much more to this area. Its neighborhoods have won awards for their managed growth policies and implementation. Residents are actively involved in their community, reflected in Arlington's more than one hundred community service groups, fifty civic associations, and dozens of citizen boards and commissions. Arlington is composed of five distinct urban neighborhoods, with the highest density housing areas concentrated around the Metro stops in the Rosslyn-Ballston corridor and Jefferson Davis corridor. The city combines a diverse population, world-class res...
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By Will Nesbitt, Nesbitt Realty is a family-run brokerage.
(Nesbitt Realty at Condo Alexandria)
Barcroft Park is 65 acres of highly-maintained family oriented recreational facilities. Barcroft supports a variety of sports and family activities.  Barcroft is the home for several baseball leagues as there are 5 baseball diamonds with bleachers here. Four of these fields are for youth; one is for one adults. There is a batting cage to support the baseball community. Barcroft has a a lighted rectangular playing field for sports like soccer, football or rugby. This field has a synthetic surface, concession stand, restrooms, and goals. Other sports are also supported by: a basketball court; two new tennis courts (opened in 2007); a volleyball court; a handball court; and horseshoe pit. At this location, Barcroft Sports and Fitness Center has a gymnasium to support several indoor sports...
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If you are good about making sure you remove the dryer lint before every load of laundry, you may be skeptical about the idea of having a professional cleaning of your dryer vents done every year.   It could be that when you pull the filter out there's not too much stuck to it. Besides, as long as you make sure it's clean all the time, the whole rest of the system must be clean too, right? Wrong!   The truth is there is a lot of lint that you don't see both in your dryer and in the line leading from the dryer out of your home. While you can't see it, that doesn't mean it's not a problem. Just like the lint you can see, this hidden lint can pile up and slow down the drying process, costing you more time and money per load, and even worse... be a fire threat.   Want a little more proof? G...
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By Laura Rubinchuk Schwartz, Your Northern Virginia and D.C. Realtor
(Keller Williams Realty)
Located at 1800 Wilson Blvd in Arlington, minutes from the Courthouse and Rosslyn Metros, this luxury condo building built in 2007 has left no detail unattended to. Units feature:granite counter-tops, maple cabinetry, stainless steel appliances, gas cooking, hardwoods in the units. Bathrooms feature: granite vanity tops, porcelain bathroom fixtures, and ceramic tile. Community amenities include: a fitness center, business center, library, and storage areas. The building is home to several retails stores and directly across from several restaurants. The building has units that are either 1 bedrooms, 2 bedrooms, or 2 bedrooms with a Den. Currently there are several units for sale, both 1 bedrooms and 2 bedrooms.   For more information, please feel free to call or email me! Laura Rubinchuk...
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