North Arlington (Arlington, VA)
By Peggy Yee, Search Vienna Homes For Sale - Northern Virginia
(NoVa House and Home)
Homes for Sale in North Arlington, VA - June 2013 Market Report This is a market report for homes for sale in North Arlington, VA in the 22207 zip code.  Real estate market data and analysis is provided byPeggy Yee, REALTOR. June 2013 North Arlington, VA 22207 Real Estate Statistics   Statistic Values YoY MoM Total Sold Dollar Volume $55,451,972 -2.07% +5.4% Closed Sales 59 -6.35% 0% Median Sold Price $799,900 -1.85% -3.63% Avg Sold Price $939,864 +4.57% +5.4% Avg Days on Market 36 days -26.53% -2.7% Avg Sold to Orig List Ratio 98.64% +1.57% +0.82%   YoY (Year over Year) compares this month's real estate statistics with the same month last year.  MoM (Month over Month) compares this month's real estate statistics with the previous month.   In June 2013, 59 homes sold in the North Arling...
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By Coral Gundlach, Real Lives. Not Just Real Estate.
(Compass)
North Arlington Real Estate market is hotter than ever!  Most detached homes are getting multiple offers after the first week on the market.  When a market really heats up like this, some very aggressive buyers waive contingencies.  The 3 contingencies that have been commonly attached to contracts in our market are the following: 1) Home Inspection.  This is a period during which the buyer can hire a home inspector and make sure the house has no major defects and works as well as they can tell from seeing it.  This is typically anywhere from 7-10 days.  This is a total "get out of jail free" card because the contingency addendum does not say anything has to be wrong with the house in order to back out of the contract with no fault.  All the buyer has to do is get an inspection, provide ...
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By Coral Gundlach, Real Lives. Not Just Real Estate.
(Compass)
Gotta love Mick Jagger and the Stones.  I have this song ringing in my head most all of the time.  Constantly want to sing it to my kids, my husband, my friends, myself and of course, my real estate clients.    Buying or selling a home is a huge, stressful and very expensive undertaking.  I've found that when you are buying or selling a house here in Arlington and surrounding Northern Virginia areas, the stakes and expectations are very high.   The median sales price in Arlington county was $513,000 in January, 2012, and for the North Arlington area of 22207, it was a whopping $790,000 - median.   So when buyers are forking over this kind of cash for a property, the expectations get high.  However, Arlington can be a very rough reality because these prices do not equate to large luxurio...
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By Coral Gundlach, Real Lives. Not Just Real Estate.
(Compass)
We've had incredibly great weather here for January in Northern Virginia.  Yesterday it was in the high 60s!  So my "boys" - husband and two sons, and I, took a walk from our house off Sycamore St to the Lee Harrison Center for some ice cream and a few groceries.   It's about a mile each way, and a great way to spend a sunny and unseasonably warm afternoon.   We ran into some friends and met a sweet dog who inspired us to maybe get our own.   You can't get these experiences when you drive!
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By Coral Gundlach, Real Lives. Not Just Real Estate.
(Compass)
How's the real estate market in North Arlington, VA?  Well activity is down, but sales price and list price to sales price ratio were up.   I can tell you as a very busy agent working in North Arlington that inventory is a problem.  Not the problem you hear about on the news with too many houses on the market.  Here in North Arlington, we have the opposite problem - not enough homes for sale.  Especially right now in December.  I have 4 sets of buyers in the $800,000-$1.1 million range who can't find a house.     That has always been a dead zone in North Arlington real estate, but it is the case now more than ever. For some historical perspective, it is important to note that in 2007, the average original list price to sales price ratio was just 92.5%, now it is 95.78% - this means sell...
Comments 2
Arlington, VA Real Estate Professionals