In 22207 total volume was down 33% year over year. However, the average sold price continues to go up as well as an increase in the Median sold price. These two numbers are a direct reflection of the limited inventory in this coveted N. Arlington zip code. The Average sold price topped the $1M mark in February 2015. For a variety of reasons 22207 is one of the more expensive zip codes to live in Arlington. Unlike some other zip codes the average days on market dropped year over year from 51 to 48. Increases in inventory tend to create more competition for buyers and you can see that there has been an increase in active listings and new listings year over year. This is a warning to sellers to not get too complacent about the increase in average sold price and that they should be wary of assuming they can get more then comparable properties selling in the last 30 days. That’s not to say you won’t, it’s just something to put in your big bag of variables when deciding how to price your home.
Zipcode 22205 encompasses multiple neighborhoods but is referred to in the MLS states as Westover. The closest metro is the East Falls Church (orange and silver line). There is a retail neighborhood here (upcoming post), that is growing and from a real estate perspective the neighborhood has become increasingly popular.
The average sold price was down from $889,723 in 2014 to $814,583. The average sales price is bolstered by the fact that most sales in this zip code are detached single family homes and a few larger more expensive town homes. Total units sold went up slightly to 12 from 11 the previous year. The average days on market increased to 50 days from 36.
To me this represents a fairly stable market. One or two sales can easily account for the the change in average sold price. It’s not enough to establish any kind of trend. The days on market is something to keep an eye on but if you look deeper you will see that 7 of the 12 homes sold in less than 20 days. The home that sold in the 181-360 day range brought the average days on market way up. However, you are considering selling, take this as a sign that an overpriced home can sit on the market for a very long time.
These homes were listed in Arlington, Va over the weekend. 13 new listings in a wide variety of price ranges. If you want/need more information on any of these you can always contact me at email@example.com or 571-228-5656
Click the following link to view the listings:
455 N. George Mason Dr. Arlington, Va. 22203. $825,000. Open tomorrow March 15th from 1-4. This 4 bedroom 3.5 bath condo in Buckingham Commons is located near shopping, restaurants and the Ballston Metro. This home has just been listed and will very likely go fast. Check the comps and you will see this is an excellent value. Similar new construction just across George Mason are selling for much more. The courtyard location of this home makes it quiet. The home features a large two car garage with plenty of extra space for all your stuff. There is a rooftop terrace for your Spring/Summer barbecues. Come to the open house and/or call me to see. Jane 571-228-5656
ARLINGTON, Va. – The Four Courts 4 Miler Race will take place on Saturday, March 14th, 2015. The Arlington County Police Department will conduct the following road closures from approximately 6:30 a.m. until 11:00 a.m. to accommodate this event:
The following lane closures will be in effect between 6:30 a.m. and 11:00 a.m.:
- Wilson Boulevard from Courthouse Road to N. Rhodes Street
The following lane closures will be in effect between 8:45 a.m. and 11:00 a.m.:
- Wilson Boulevard from Route 110 to N. Courthouse Road
- Northbound Route 110 from I-395 to I-66.
- The Safeway Store at 1525 Wilson Boulevard can be accessed from N. Nash Street or N. Oak Street.
- Southbound Route 110 will remain open.
- WMATA Bus routes will be detoured from N. Moore Street west on Wilson Boulevard and north on N. Nash Street to their regularly scheduled routes.
Rosslyn and Key Bridge Traffic Detour:
Use Arlington Boulevard (Rt. 50) west to N. Courthouse Road, follow N. Courthouse Road to Wilson Boulevard west to N. Veitch Street; follow N. Veitch Street north to Lee Hwy, Lee Hwy east into Rosslyn.
In addition to the closures, street parking in the area will be restricted. Motorists should be on the lookout for temporary “No Parking” signs. Illegally parked vehicles may be ticketed or towed. If your vehicle is towed from a public street, call 703-558-2222.
I rode my bike up to this monument last year. The spires represent jet trails. It’s really a worthwhile visit.
This post is one in a series of Ten 3-Mile Walks Around Washington, DC. The pins in the map below show where I stopped to take pictures but also serve to outline the route!
This route begins at the Pentagon City Mall and crosses under I-395 through a pedestrian tunnel. It skirts the Pentagon Reservation and ascends Arlington Heights along the southern edge of Arlington National Cemetery.
Built to resemble the contrails of three Air Force jets performing the “Missing Man Maneuver” for a fallen 4th pilot, the United States Air Force Memorial is a beautiful work of art, engineering marvel, and hallowed place of honor. It is set on a hill in Arlington, VA overlooking the Pentagon and beyond that the city of Washington, DC.
Our walk began at a shopping center, the Fashion Centre at Pentagon City, or Pentagon City Mall. Because this walk takes you…
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One of the things I really love about real estate is the personal satisfaction that comes from helping a client navigate through a stressful and sometimes difficult transaction. Relocating can be stressful enough. These folks have children and dogs and were moving all the way across the country. If warms my heart when I can help someone like this. I sold these folks home at the end of last year. Can I help you?
“As a government employee, I have moved many times. Jane helped me buy this house when I moved to the area and I was so pleased with her performance then that I used her to sell my house when I moved away. Once again, Jane did a fantastic job, helping us navigate several difficult issues that arose during the sale. She is a true professional and definitely earned her commission on this one! I have recommended Jane to others moving to the Capital area and will use her again myself if I ever move back to Virginia. She is top-notch and Century 21 is lucky to have her.”
Here’s a snapshot of the January real estate market provided by the multiple listing system. Prices and volume were up from last year but the days on market have increased significantly. Hint, hint…if you want to sell your home quickly, consider pricing it at or just below the comps. It is likely to have a significant effect on your days on market.