New Construction Near East Falls Church Metro in Arlington, Va.

We’re seeing alot of new construction in the EFC/Overlee Knolls area of Arlington. This is walk to the metro and also shopping and restaurants. These homes will likely be priced between $1.4 and $1.7 million. If you would like more information about these homes or anything else real estate related call me at 571-228-5656 or email at janejensen@comcast.net


Century 21 sponsoring pre-game show

Century 21 will be sponsoring the Superbowl pre-game show and will have a spot during the Superbowl. Century 21 is the only company to advertise in the Superbowl. This is a testament to the power of the brand. What does that get you if you list with Century 21 (and me)? Brand awareness, internet visibility and the security of working with a proven winner that knows how homes get sold. Rock on.


Let’s talk about December Real Estate Statistics for Arlington County

decsoldstatsClick on the chart if it appears small.

We’ve been seeing a nice stable market here with a decrease  in days on market from 62 to 51 and a solid increase in sales price for both detached and attached homes. These are year over year numbers so even though the increase in price is fairly significant, it’s not a scary “OMG it’s another bubble” number. As you can see in the next set of numbers, inventory continues to be low, significantly lower then a year ago. As long as that number stays down there, buyers can expect to see price creep especially as more buyers come out in the spring. If inventory rises significantly then I think we’ll see smaller price increases.

decstats

These statistics are courtesy of the MRIS multiple listing system. They do not include for sale by owner and other property transfers that were not included int the multiple listing.