The View from South of the Potomac River: The Arlington Condominium Report ~ YTD November 2009

The Arlington Condominium Report ~ YTD November 2009

The Arlington Condo Sign             The Arlington Report for YTD November 2009

      Model      # Sold             Sales Range             Ave. Price      Ave. Subsidy

    A  Lower        1                 $300,000              $300,000          $9,750

    B  Upper        8       $260,000 - $295,000      $281,375         $3,795

    C  Lower        6*      $275,000 - $293,000      $284,167          $1,667

    L  Lower        1*                $345,000              $345,000           $ 0

    Upper       4*      $300,000 - $311,000       $306,250         $4,831

 

*Excludes a short sale due to the distressed nature of the sale

Data source: MRIS settled transactions 1/01/2009 - 10/31/2009, deemed reliable, but not guaranteed

Compliments of AJ & Jodee Heidmann
YOUR Resident Specialists for The Arlington

The YTD November numbers for The Arlington look very much like the YTD October numbers... because there weren't any new settlements in November.  Additionally, not a single one of the 7 available condos received an acceptable offer.  At this time of year, there is a normal slow down in sales activity as a lot of potential buyers shift their focus to the coming holidays rather than home shopping. 

An extension of the $8,000 1st time home-buyer tax credit, with an expansion to include owners that have owned their current home for at least 5 years worth $6,500, was approved by Congress in early November.  However, it does not appear to have done much to motivate buyers since it was passed, as it provides that the property must be under contract by April 30th, 2010 and settlement must occur by June 30, 2010 and has not created a sense of urgency with 5 months to find a home. 

Respectfully,

 

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 • December 02 2009 11:59AM

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