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November Recap of Home Sales in Arlington County

November Recap of Home Sales in Arlington County

Hi!   Some good news for Arlington – after a sluggish start to the fall home selling season.

The median home price in Arlington is up from a year ago for the same month:  $498,500 to $590,000. That’s an 18.4% increase. Year-to-date, median price is up 1% From $525,000 to $530,000. That’s not a stellar, tho welcomed decent increase, considering what has been a lackluster showing overall this year, including fairly low inventory and what seem to be fewer buyers in the market. There is no tracking system for buyers. I rely on my working knowledge of being at work and networking in Arlington’s market full-time, and meeting and talking to buyers at open houses every weekend.

Closed sales were 182 units which was up 4.6% for the same month in 2013. New Listings were 190 units – down 11.6% from same month last year. New pending sales are 216 and down from ly 2.3%. Stats provided by RBI.

What does all of this mean? While we had a respectable increase in sales for the month over last year, not many homes were placed on the market the same period, so it is going to be more difficult for those buyers still in the market to have a decent choice of homes to buy. Meanwhile, the lower than last year for the same month pending sales means that fewer homes are under contract to close, so sales in December, at year end, may be softer than last year.

All-in-all, it’s a good time to be a seller, and and a good time to be a buyer. There are fewer homes asking for attention, so there is less competition from sellers, so it is a good time to list your home. And some buyers are distracted, as usual, by the holiday season and the colder weather, so there is less competition from buyers. It is a good time to find your home and to pay less for it.

Please let me know what questions you have!

Cheers,

Ken

Wonderful listing in Shirlington, Arlington! Open House, Sunday, 11/23, 1-4pm – Price Reduced

Wonderful listing in Shirlington, Arlington! Open House, Sunday, 11/23, 1-4pm – Price Reduced

Hi!

We have a wonderful 2 bedroom / 2 bath unit in the heart of Shirlington for sale – and the seller just reduced the price by $20K to just $315K.

Exterior

In Courtbridge of Arlington, this condo is cozily tucked under towering pines. Sit on your own private patio off the living room in your Adirondack chair and enjoy the beautiful area.

Freshly painted throughout, this home is inviting, spacious and warm. It has a wonderful and rare floor plan with a huge two level master bedroom featuring an ensuite bath and a sitting area. The home’s sunken living room has a great fireplace and French doors that lead to your own private patio.

Living Room with Fireplace

See more pics at listings scrolling to the left of this post. Come see this stunner at our Open House this Sunday, November 23, 1-4pm.  Or contact us for your a showing at another time this week. We look forward to seeing you at the open house or even before.

Cheers,

Ken

Open House 11/23- Seller Price Adjustment – In Sought-After Logan, DC

Hi!

Open House 11/23- Seller Price Adjustment – In Sought-After Logan, DC

1450 Church St., N.W., 02, Washington, DC 20005

Now an even better value, with a price adjustment of $10k to $515,000.

The open house is 1-4pm this Sunday.

Yes, we are licensed in DC and MD, as well as VA – yes. Come see this beautiful newer-construction condo. Built in 2008 and since then even improved, this home, in the heart of one of the most sought after areas in DC, is a value.

The condo has gleaming hardwood floors, GE Profile Cafe Series and Fisher & Paykel kitchen appliances – and a lot of square footage – over 900! It even has an additional half bath and has a low condo fee of only $345/mo.

Come see it this weekend!

Cheers,

Ken

Incredible condo in luxury boutique building in Logan, DC – Open House, Sunday, 11/9, 1-4PM

Hi!

Incredible condo in luxury boutique building in Logan, DC – Open House, Sunday, 11/9, 1-4PM

1450 Church St., N.W., 02, Washington, DC 20005

$525,000

Yes, we are licensed in DC and MD, as well as VA. Come see this stunning newer-construction condo. Built in 2008 and since then even improved, this home, in the heart of one of the most sought after areas in DC, is a value.

This home has gleaming hardwood floors, GE Profile Cafe Series and Fisher & Paykel kitchen appliances and a lot of square footage – over 900! On top of that, it has an additional half bath and enjoys a low condo fee of only $345/mo.

Come see it this weekend!

Cheers,

Ken

The Captivating Colonial in Westover is for Sale

Hi1

The Captivating Colonial in Westover is for Sale. On the market and open this Sunday, November 9, 1-4pm!

“The Capitvating Colonial” is now for sale! This wonderful 3 level, 2 bedroom, 2 bath home, in one of the most sought-after neighborhoods in Arlington, is ready for you to see.

This Westover neighborhood entry-level home is for people wanting to live in Westover at a low price – only $600,000.

The Captivating Colonial

Westover's Captivating Colonial

The Captivating Colonial's Dining Room

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