Real Estate Market Statistics for Arlington, Va December 2017

Leave a comment January 27, 2017 realestatehomepro

mktstatsdec2017

Here’s your December real estate market statistics for Arlington County, Va. There is really no bad news in here for Arlington sellers. Total sold volume is up year over year even though total units sold is exactly the same. Average sold price is up 1.32% year over year. Average days on market for Arlington is up, but that is likely a reflection of the number of $1M + homes on the market. These take longer to sell. If you are thinking of selling, note that a big driver for the increase in home prices is the 12% drop in active listings, year over year. It is not hard to figure out that inventory is low, low, low. Buyers are very active now. With interest rates creeping up, buyers are ready to lock in their lower interest rates. Note that there were 29 cash deals but the vast majority of closed transactions entailed some type of financing. If you are thinking about selling and would like more information on your specific zip code and neighborhood please email me at janejensen@comcast.net or call 571-228-5656. I’m happy to get that information to you. It’s a great time to be a home seller in Arlington.

Just sold in N. Arlington

Leave a comment December 29, 2016 realestatehomepro

JJ_2321 N Quantico St-01

This stately colonial located at 2321 N. Quantico St in N. Arlington just sold! Located just blocks to the EFC metro this 4 bed/3.5 bath home sold for $955,000.

Setting the right price on a property takes a great deal of evaluation. Factors include easily quantifiable variables like square footage and updates. Where experience will often tell is in less quantifiable factors such as home layout, schools, metro access, proximity to main streets and commuting routes. These things can be positive or negative and can change over time. It’s important to work with a realtor who stays on top of the market and understands these factors when you are pricing your home.

For more information and/or a no obligation valuation call me at 571-228-5656 or email janejensen@comcast.net

My Arlington real estate clients are the best

Leave a comment September 23, 2016 realestatehomepro

Helping my Arlington, Va clients meet their goals, one home at a time.

It’s really wonderful when I am able to help someone move to the next phase of their life. We reviewed the comps for Miriams’ home closely then priced it competitively. Miriam received multiple offers, well over asking and was able to get a quick close on her home. testimonial_miriam_catching

Yay! If you would like to know what your home is worth, you can always contact me at 571-228-5656 or janejensen@comcast.net. My only job is to understand your real estate needs and goals and help you meet them.

Open House N. Arlington, near metro.

Leave a comment September 23, 2016 realestatehomepro

2321 Quantico St. Arlington, Va. 22205

Gracious all brick, 5 bedroom, 2 car garage walk to metro colonial. Looking for the best of Arlington, Va realestate? This is wonderful N. Arlington value. You will not want to miss this home that is now priced at $995,000. Check out the floor to ceiling windows in the living and dining rooms. Let that sun shine in! Gas fireplace in living room and family room. Den off the remodeled kitchen. Lower level features large family room with fireplace and wet bar + large bedroom + Full bath + storage. 2 zones. One new furnace, new hot water heater, newer windows. A few blocks to the East Falls Church metro (Orange and Silver line), and few more to the shops and restaurants of Westover Village. Open 1-4 on Sunday September 25, 2016. Come by or call/email me to see this home. 571-228-5656. janejensen@comcast.net

Spacious Dining Room

Office desk can convey

Open House N. Arlington Aug. 28 from 1-3

Leave a comment August 25, 2016 realestatehomepro

This is a beautiful 5 bedroom, 3.5 bath all brick home with an attached two car garage. Note the floor to ceiling large windows in living room and dining room. This spacious home is light and bright. Kitchen has been renovated. Lower level bedroom finished by current owner. Lower level has bedroom, full bath, large rec room (TV can convey) and storage too. It is hard to find this much space for the money just a couple of blocks to metro. Open 1-3 on Sunday August 28, 2016. Contact me at janejensen@comcast.net or 571-228-5656 or use contact form below with any questions or to get a private showing. 2321 N. Quantico St. Arlington, Va. 22205

Office desk can convey

Spacious Dining Room

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Arlington, Va. June 2016 Real Estate Statistics

Leave a comment August 2, 2016 realestatehomepro

arlington stats jpg

Here are the real estate statistics for Arlington, Va for June 2016. Note that these statistics are taken from MLS sales and will not include for sale by owner sales or person to person transactions.

Takeaways:

Total volume is down year over year. If we look a little deeper into those numbers we’ll see that the price of detached homes is up, while the number of sold homes is down. Inventory is also down year over year so this tells us that sellers are getting more for their homes during a time of reduced inventory. The reduced inventory of detached homes is keeping the total sold volume down more then the prices.

The same cannot be said for attached homes (townhomes and condos). While the # of detached units sold went up, the prices came down almost 10%. This is a signal to buyers that now might be a time where you can negotiate a bit on that condo if the unit is priced at or above recent market. Sellers should also be cognizant of this trend when pricing their home. If you are looking for a quick sale, consider pricing your home at or just below market.

Statistics are available for other Northern Virginia counties as well as Washington, DC. If you are interested in these numbers send me an email at janejensen@comcast.net or call 571-228-5656 and I will get you the stats.

Arlington, Va Real Estate Statistics for May 2016

Leave a comment June 18, 2016 realestatehomepro

Here are the real estate statistics for Arlington, Va for May 2016. may2016arlingtonrealestate

So what does this mean? Here are some of my takeaways from these numbers:

-Inventory continues to be low. In May of 2016 there were 641 listings, down from 685 this time last year.

-Buyers continue to be active. If you look at the Days on Market, 113 sold listings sold between 1 and 10 days. Many of these were likely multiple offer scenarios. A total of 193 homes spent less then 30 days on the market.

-The average days on market has creeped up to 46 from 44 last year and the average sold price has actually dropped from $645,354.00 to $$633,667.00. Total sold volume is up to $186,931,646 from $185,216,524.

So what does all of this mean? It means that buyers are active but they are looking for value. If they spot a home that they feel is a good dollar value, they will buy it (or at least try to). To sellers this means..be strategic when pricing your home. The Average detached home sold for an inconsequential .27% over May of last year and detached (townhouse/condo) sold for a significant 2.07% less then last year. So if you want to sell your home in that less then 30 days time frame you might be wise to look hard at the comparable for your property and not price yourself above what buyers would consider a good value.

Need some help pricing your home to sell? Contact an expert. 571-228-5656. janejensen@comcast.net. I’m here to help.

Open House in N. Arlington rain or…rain

Leave a comment June 4, 2016 realestatehomepro

3205 N. Pershing St. You will want to check out this 1920s updated Bungalow. This home has all the things you love about a bungalow including that great front porch, large windows, beautiful molding, wood floors and more. The home has 5 bedrooms and 3 baths. You won’t want to miss the extra large flat lot just waiting for your imagination. All of this just .7 to the Clarendon Metro. Open 1-3 June 5.

Call me to see it 571-228-5656

Janejensen@comcast.net

Don’t forget to follow this blog to keep up Arlington Real Estate news.

Open House in N. Arlington-Barbecue can wait!

Leave a comment May 29, 2016 realestatehomepro

Come visit me at my open house at 2321 N. Quantico St. Arlington, Va 22205 from 1-4 May 29, 2016. This all brick, oversized 2 car garage 5 bedroom, 3.5 bath home is conveniently located just blocks from the East Falls Church Metro. All the bedrooms are spacious and the lower level features a large bedroom, finished recreation room, brick fireplace, large flat screen…that can convey, built ins and a full bath. Beautifully landscaped and lovingly maintained.

Afterwards, walk over to the Westover neighborhood for ice cream at Toby’s a or a visit to Ayers, Lebanese Taverna, The Italian Store, the Arlington Library and much much more.