The View from South of the Potomac River: Virginia: Arlington: Shirlington

The Arlington Condo, Arlington VA ~ 2013 Real Estate Market Review

The Arlington Condo 2013 Market Review

The real estate for 2013 in The Arlington Condominium in Arlington, VA is best described as... Hot, Hot, Hot!  A total of 49 units went to settlement last year, which is well above the trailing 5 year average of 35 units per year.  While the upper level M model had the most sales again this year, the percentage was down from last year when basically half of all units sold in the community were the 875 square foot M units.

The Arlington Condo, Arlington VA 2013 Market Review

Prices were higher in 2013, with only a couple of short sales within the community, but something curious did happen.  Normally, the upper level B & M models have had a higher sales price, but in 2013 both of the ground floor A & C models had a higher average sales price than the one level B model.  A few nicely renovated ground floor units earlier in the year that helped to provide a pricing floor for these units and brought up the average.

The Spring market started earlier than normal last year, with 7 units going under contract in the month of February alone.  Sales momentum stayed strong through the normally slower summer months and then finished up the year with a flourish in December with 6 settlements that month.  At present there are just 2 units fully available in the complex; a 2bed/1bath C model and 3bed/2bath L model, both of which are located on Walter Reed Dr.

With buyers still out looking for a home to purchase before interest rates rise any further and a very low amount of inventory, this is a very good opportunity for you to sell your unit if you are ready.  As a former resident of The Arlington with 17 settled transactions in the association, I am intimately familiar with all the wonderful aspects that make it a desirable place to live.  The close proximity to Shirlington, I-395~Pentagon~DC, Clarendon, and Old Town Alexandria all contribute to the high quality of life that owners enjoy. 

Please call me today to get the latest information on the community and let's start the process to help you reach your goals in 2014.

 

AJ Heidmann ~ CRS,  ABR

Cell 703-474-1260 ~ Office 703-717-6324 ~ Fax 703-839-8283

AJ@AJHeidmann.com

www.AJHeidmann.com

McEnearney Associates, Inc.

4720 Lee Highway, Arlington, VA  22207

Licensed in Virginia

Comment balloon 0 commentsAJ Heidmann ~ CRS • January 06 2014 03:12PM
The Arlington Condo, Arlington VA ~ 2013 Real Estate Market Review
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The Arlington Condo 2013 Market Review The real estate for 2013 in The Arlington Condominium in Arlington, VA is best described as… Hot, Hot, Hot! A total of 49 units went to settlement last year, which is well above the trailing 5 year… more
The Shirlington Market Report ~ May 2012
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~ The Shirlington Report ~ The strong sales momentum that we had early in the year got even stronger in May, as the Shirlington real estate report shows a total of 43 units reaching the settlement table. An increase in quality listings as we… more
The Shirlington Report ~ April 2012
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~ The Shirlington Report ~ The Shirlington real estate report for April shows the impact of an increase in quality listings throughout the Spring, increased units under contract and sold. There were 28 units that reached the settlement table,… more
The Shirlington Real Estate Report ~ March 2012
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~ The Shirlington Report ~ The Shirlington real estate report for March shows the impact of the increase in quality listings in February and March. There were 28 units that reached the settlement table, up from 17 in February. To put the… more
The Shirlington Report ~ February 2012
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~ The Shirlington Report ~ The Shirlington real estate report for February shows the impact of the huge jump in contract activity in January. There were 17 units that reached the settlement table, which was just one unit shy of the… more
Trends in Real Estate for Shirlington, VA
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The Shirlington real estate market has been plugging along, steady eddy style for the past 4 years, with the number of units sold has staying within a narrow 5% range. This is a contrast to the 2006-2007 years that marked the end of the market… more
Shirlington Real Estate Report ~ January 2012
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~ January 2012 ~ The Shirlington real estate may have limped in with just 9 condos going to settlement in January, which was below the 13 units that sold in January 2011, though it is historically a slow month following the holidays. What… more
January Market Report for The Arlington
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January came in like a Lion! Let’s just hope that the Spring market for the Shirlington real estate market doesn’t go out like a lamb. For the month of January, 6 units went under contract in The Arlington, leaving just 2 properties fully… more
The Arlington is Hot! ~ Market Update in the Shirlington Real Estate…
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The Arlington Condominium is on a tear! So far through the first 22 days of 2012, 5 units have gone under contract in the association… which equals the total number of units that went under contract in the October – December… more
2011 Sales Report for The Arlington
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The books for 2011 in The Arlington are closed and here are the results… The Arlington had a just less than average year with 28 units sold, which was 10 less than the 2010 figure, but just slightly below the 31 unit average over the past 5… more