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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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.

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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.