Price Reduction in N. Arlington

This fantastic home has been reduced to $850,000. The average listing price for homes in this zip code is over $1.3M. This home has 6 real bedrooms and 3 baths. It includes an attached apartment with separate entrance that has a bedroom, kitchen, bath and dining and living area. Could be used for professional office, master suite, au pair or inlaws.

One short block to the new elementary and Williamsburg middle school. A short walk to Yorktown and Harrison St. playground. Call me to see this home.

Jane Jensen 571-228-5656
janejensen@comcast.net

Watch the video:



Optimism for the economy in Washington DC area stays strong

RISMedia
First County Mortgage Proactive Property Management NM Relocation Bay County Title
 
What do San Jose and Washington D.C. have in Common?
 
RISMEDIA, Wednesday, March 26, 2014— There are few surprises in Gallup’s new survey results ranking the markets with the greatest economic confidence levels. Did you guess the home towns of Silicon Valley and the federal government would lead the list?

You’re right. Among the 50 largest U.S. metropolitan areas, Washington, D.C., remained the most confident in the U.S. economy in 2012-2013, but it now shares the top spot with San Jose, Calif. Both averaged a +4 score on Gallup’s Economic Confidence Index over the past two years; they were among the three areas with net positive economic confidence on this measure. Jacksonville, Fla., had the lowest economic confidence (-25).

Washington, D.C., had a -5 score for the economic conditions component, but its +13 score for economic optimism boosted its overall index reading to positive territory, putting it ahead of the other metro areas. San Jose, too, had a negative score for the economic conditions component (-8), but was buoyed by its positive readings for optimism (+16), which brought its index to the top of the list.

Jacksonville had a dismal economic outlook score (-21), but an even more dismal score for current conditions (-28), which sank the MSA to the very bottom of the list. Pittsburgh, coming in second-lowest in overall confidence, had a -26 economic outlook score and a -23 score for current economic conditions.

Though economic confidence is still negative in most MSAs, most areas saw slight increases when factoring in the 2013 data. And fortunately for areas near the bottom such as Jacksonville and Pittsburgh, MSA confidence levels have shown some resilience. Buffalo, N.Y., for example, whose dismal confidence readings put it at the bottom in 2011, has climbed to the relatively average reading of -18 for 2012-2013.

These results are based on Gallup Daily tracking conducted throughout 2012-2013 in the 50 most populous U.S. metropolitan statistical areas (MSAs). Gallup interviewed at least 12,000 adults in each of these MSAs, with the highest number of interviews, 15,443, conducted in the New York City metro area. Each MSA sample is weighted to match the demographic characteristics of that area. Results for all 50 MSAs can be found on page 2.

Gallup’s Economic Confidence Index is a composite of Americans’ ratings of current U.S. economic confidence conditions and their perceptions of the economy’s direction. The index has a theoretical maximum of +100 (if all respondents rate the economy as “excellent” or “good” and say it is getting better), and a theoretical minimum of -100 (if all rate the economy as “poor” and say it is getting worse). Nationwide, the Gallup Economic Confidence Index averaged -16 in 2013.

For more information, visit www.realestateeconomywatch.com.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission.

 

December Real Estate Statistics for Arlington County

December 2013 Real Estate Market Statistics for

Arlington County, VA

 

 

December 2013 Summary

Statistic Values YoY MoM
Total Sold Dollar Volume $134,383,551 +38.55% +36.8%
Closed Sales 215 +22.86% +23.56%
Median Sold Price $545,000 +14.74% +9.33%
Avg Sold Price $625,040 +12.77% +10.72%
Avg Days on Market 42 days -17.65% +13.51%
Avg Sold to Orig List Ratio 97.22% +0.69% -0.1%
 
Statistics are in for December sales in Arlington. Median Price is up, # of sales are up, total volume is up. Because of the low inventory we are continuing to see shorter days on market and multiple bids in some cases. If you waited to buy and now think that you’ll wait for the next downturn, you may be waiting for some time. Yes, real estate prices are always cyclical and a downturn will come but I believe that is some time away. Unemployment is low and interest rates are low but threatening to continue to rise. This is motivating buyers to buy now. Yes, there will be more inventory in the spring but a big new batch of buyers will be out there too. If you find a home now, I think it’s the time to go for it. 

Great time to sell your home…if you’re in Arlington, Va

Great time to sell your home…if you’re in Arlington, Va

I’ve said this already but it bears repeating. Don’t take my word for it click the link above and see what the Wall Street Journal has to say about the seller’s market we’re in. If you are even thinking a little of selling your home now, it’s a better time then it’s been for many years. Inventory is low, low, low and there are more buyers then sellers right now. Do not think that you’ll get more for your house in the spring. The housing market here has been in uncharted waters for several years and the traditional rules no longer apply. Yes, there may be a few more buyers out there but there will also be many people who don’t know that the rules of the game have changed and will wait to put their house up for sale when everybody else is. More inventory = more choices = more days on market = lower prices. If you would like to know what your home may be worth or how to position it for multiple offers, give me a call.

janejensen@comcast.net

571-228-5656

Your Arlington, Va home pro


Updates from Westover neigborhood of Arlington, Va.

I live and work very near the Westover neighborhood. It’s a great neighborhood with a central commercial area that includes the Lost Dog Pizza restaurant, Lebanese Taverna, Ayres (they have everything….really), Westover Beer Garden etc.

I am also a sponsor of the new (and thriving) Westover Farmers Market. Here’s the latest news.

 

Dear Westover Residents,
 
Please see the messages below:
 
·         Photo exhibit at the Westover Market to Feb. 23
·         Westover Winter Farmers Market
·         Arlington Neighborhood College Applications Due March 4
 
Photo Exhibit at Westover Market to Feb. 23
Westover resident Malia Rivera, a senior at Yorktown who is now taking AP Photography, currently has a display of her images at the Westover Market along the wall connecting the Beer Haus and the Garden. The show lasts through February 23rd. The theme is appropriately “food,” one of my favorite topics. My wife Susan and I recently viewed the exhibition and gave it two thumbs up. I highly recommend that you visit the show and the Market!
 
Westover Winter Farmers Market
Even though it is cold outside, hard-working farmers, bakers, granola-makers, and chocolatiers are selling their wares every Sunday from 9am to 1pm in front of the Westover Library. Come out and stock up! My family is currently enjoying excellent breads, delicious apples, and amazing muffins. Fresh doughnuts will warm your tummy! See you Sunday at the market.
 
Arlington Neighborhood College Applications Due March 4 (application and additional info. attached)
Dear Mr. Orttung,
I am writing to remind you about the 2013 Arlington Neighborhood College, a County-sponsored leadership program designed to foster community activism.  
 
The deadline for registering for the 2013 Arlington Neighborhood College is March 4.
 
I urge you to publish this information in your next neighborhood newsletter and distribute it on your community list-serve if you maintain one.  
 
I also hope you will consider who in Westover Village might be interested in taking advantage of this opportunity and contact them directly to encourage them to apply if the program sounds right for them.
 
The free eight-week program seeks to develop effective community leaders and is open to all Arlingtonians, with a particular focus on residents from one of the eleven Neighborhood Strategy Areas – Buckingham, Columbia Heights West, Pike Village Center, Nauck, Arlington View, Long Branch Creek, Radnor/Fort Myer Heights, Barcroft, Lyon Park, Penrose, and Westover.  
 
Now in its 13th year, the Neighborhood College offers an opportunity for county residents to sharpen and practice their interpersonal communication skills, meet and discuss current issues with elected officials and key professional staff members, and learn how the county government functions and how to become more active and effective in community affairs.
 
Participants in previous years have gone on to become active in their neighborhood associations, in volunteer organizations, and as advocates regarding issues of interest to the community.
 
In 2012, Neighborhood College participants met with County Board member Walter Tejada, Commissioner of Revenue Ingrid Morroy, County Manager Barbara Donnellan, and head Arlington County Police Department’s Criminal Investigations Section Michelle Nuneville and Sheriff Beth Arthur, among others.
 
Participants also took part in individual projects that included attending Arlington Circuit Court, speaking on an issue of concern to the County Board, learning about plans for affordable housing in Arlington, riding on patrol with members of the Arlington Police, and investigating volunteer opportunities in Arlington County.
 
Sessions will take place on Thursday evenings from April 4 – May 23.   Class will meet from 6 to 9 p.m. Five sessions will take place at the Arlington Career Center (near Columbia Pike and Walter Reed Drive).  Three class sessions will be held at the County Building, 2100 Clarendon Blvd (near the Courthouse Metro Station).  (The graduation ceremony will also take place at the County Building, at the Tuesday, June 18, evening meeting of the County Board.)
 
Dinner will be served prior to each session.  Childcare will be provided if needed.  Spanish-language simultaneous interpretation will be offered.  Free parking is available at both locations.
 
Participation is free but spaces are limited to 25 participants.
 
Residents who are committed to improving their neighborhoods, interested in neighborhood issues, and willing to bring energy to neighborhood activities are encouraged to apply.  
 
For more information or an application, interested Arlingtonians may call             703-575-8152      , email ml@arlingtonnc.info or download an application at http://www.arlingtonva.us/departments/cphd/ons/college/CPHDOnsCollegeCurriculum.aspx.
 
Sincerely,
 
Merianne Liteman
Program Coordinator
 
 
Arlington Neighborhood College
1 South Lexington Street
Arlington, VA 22204
 
For more information, call:             703-575-8152      
 
You can fax your application to             888-425-2292       or attach it to an email to mliteman@arlingtonnc.info
 
Thank you!
 



Looking for real estate in Arlington, Va? Can’t find any? Here’s why

Potential home buyers in Arlington, Va are singin’ the blues. Who would of thought we would be seeing escalation clauses and multiple offers in the middle of the winter sales cycle but we are. Wondering why? Wonder no more. It’s all about inventory. The number of homes on the market is dismally low compared to this time last year.

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Active listings in January were down 40% from a year ago. Ouch.

Pay attention sellers. If you are even thinking about selling…..think no more. In April and May other sellers will think the spring market is here and buyers are out and put there home on the market giving your home more competition. Do it now. Buyers are out and looking for your home.

571-228-5656

janejensen@comcast.net


Realtors are increasingly important in the home buying process.

Yesterday, I spent some time with two different clients in two different stages of the home buying process. During our time together both expressed that they were glad I was their agent. I read this article below I think it sums up their thought process well. I provide them with information that they might eventually be able to gather on their own but they are busy people and understand the value of being able to trust someone with experience to either have or have access to the information they need to make the right home buying choice. If you are thinking about buying a home consider this information. In the Arlington, Va area one exit, one school border, one metro stop, one park, one shopping area can make all the difference in the value of a home and the right price for it.

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