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DC Real Estate Prices Increase 6%
June 1st, 2013 
Laura A total of 668 properties sold in DC during April. Sellers averaged 99.5% of original list price, which undoubtedly helped prices increase 6% over April 2012. Only 28 properties were short sales or foreclosures.
Single Family Homes
Average Sale Price: $776,469 after 31 days
Range: $90,000 – $2,710,000
Townhomes/Rowhomes
Average Sale Price: $591,152 after 30 days
Range: $80,000 – $2,850,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Sale Price: $327,161 after 34 days
Range: $48,000 – $552,000
2 Bedroom, 2 Bathroom Condos/Coops
Average Sale Price: $602,900 after 31 days
Range: $150,000 – $1,461,000
Find Out What Your DC Home Is Worth or Search DC Homes For Sale
Single Family Homes in Falls Church See Huge Increase Over April 2012
June 1st, 2013 Laura While prices everywhere continue to climb, there was a huge difference in the average sale price in Single Family homes in Falls Church from last year. An increase of about $90,000. A total of 124 units sold, down from last year, which is consistent with the decreased inventory level. Of those, 10 were short sales or foreclosures.
Single Family Homes
Average Net Sale Price: $619,752 after 23 days (median was 8)
Range: $315,000 – $1,355,000
Townhomes
Average Net Sale Price: $520,000 after 31 days (median was 7)
Range: $320,000 – $665,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $180,124 after 14 days (median was 10)
Range: $98,000 – $289,000
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $360,671 after 28 days (median was 9)
Range: $180,000 – $630,000
Find Out What Your Falls Church Home Is Worth or Search Falls Church Homes For Sale
McLean Real Estate Continues To Be HOT
June 1st, 2013 Laura The median days on the market for almost every property type was under a week during the month of April throughout McLean. The average sale prices increased about 5% for both 22101 and 22102, and both zip codes averaged just under 99% of original asking price. A total of 74 properties sold, only 3 were foreclosures/short sales.
22101
Single Family Homes
Average Net Sale Price: $1,093,039 in 37 days (median was 6)
Range: $499,000 – $2,306,104
Townhomes
Average Net Sale Price: $805,917 after 21 days (median was 5)
Range: $601,000 – $925,000
22102
Single Family Homes
Average Net Sale Price: $1,496,722 after 6 days
Range: $825,00 – $2,347,000
1 Bedroom, 1 Bathroom Condo
Average Net Sale Price: $275,555 after 17 days (median was 9)
Range: $217,000 – $328,775
2 Bedroom, 2 Bathroom Condo
Average Net Sale Price: $466,461 after 9 days (median was 7)
Range: $273,500 – $750,000
Find Out What Your McLean Home Is Worth or Search McLean Homes For Sale
Sellers Averaged 99.1% of Asking Price During April in Arlington
May 28th, 2013 Laura Almost 300 properties sold in April, a high volume consistent with recent trends in Arlington. Only 13 were short sales or foreclosures. Median sale price increased 2% from last year, days on the market fell, 62% of the sales occurred in under 10 days, and sellers averaged 99.1% of original list price (asking price).
Single Family Homes
N. Arlington Average Net Sale Price: $932,828 after 30 days
Range: $358,342 – $2,850,000
S. Arlington Average Net Sale Price: $610,299 after 30 days
Range: $318,000 – $969,000
Townhomes
N. Arlington Average Net Sale Price: $853,797 after 14 days
Range: $580,000 – $1,195,000
S. Arlington Average Net Sale Price: $442,647 after 13 days
Range: $222,000 – $749,000
1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $355,722 after 13 days
Range: $210,000 – $755,000
S. Arlington Average Net Sale Price: $279,082 after 15 days
Range: $170,900 – $365,000
2 Bedrooms, 2 Bathrooms Condos
N. Arlington Average Net Sale Price: $593,612 after 18 days
Range: $325,000 – $845,000
S. Arlington Average Net Sale Price: $410,828 after 61 days
Range: $265,500 – $513,928
Search Arlington Homes For Sale or Find Out What Your Arlington Home Is Worth
New Grantors Tax Effective July 1, 2013
May 14th, 2013 Laura Currently, there’s a tax charged by Arlington County on the sale of all residential property. The current rate is $1 per $1,000 sale price. Effective July 1, 2013, the new tax rate will be $2.50 per $1,000 sale price. This new rate will be charged in the counties of Arlington, Fairfax, Prince Williams Loudoun, and the Cities of Alexandria and Falls Church.
Current vs. New Tax Rate
Before July 1:
Sale of $600,000 will cost you $600 in Grantors Tax
After July 1:
Sale of $600,000 will cost you $1,500 in Grantors Tax
McLean Luxury Homes Continue To Increase Prices
April 30th, 2013 Laura A total of 64 properties sold in McLean during March. The highest? A 12 bedroom home at $9.3M. Median prices in 22101 increased 14.7%, where sellers averaged 92.7% of asking. While in 22102, median prices increased over 4% and sellers averaged 98.6%.
22101
Single Family Homes
Average Net Sale Price: $1,893,083 in a median of 25 days
Range: $525,000 – $9,300,000
Townhomes
Average Net Sale Price: $915,875 after 39 days
Range: $712,500 – $1,030,000
22102
Single Family Homes
Average Net Sale Price: $1,617,530 in 70 days (median was 40)
Range: $950,000 – $3,675,000
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $256,250 after 15 days (median was 7)
Range: $215,000 – $310,000
2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $363,556 in 5 days
Range: $330,000 – $410,000
Find Out What Your McLean Home Is Worth or Search McLean Homes For Sale
DC Real Estate Prices Average a 4% Gain in March
April 30th, 2013 Laura Sorry these posts are so delayed this month! It’s been a very busy month for us.
DC real estate prices averaged a 4% increase from last year. More properties sold in few days and there’s less inventory, attributing the increases. Sellers averaged 98.6% of asking price.
Single Family Homes
Average Sale Price: $879,669 after 57 days (median was 22)
Range: $65,000 – $8,600,000
Townhomes/Rowhomes
Average Sale Price: $623,779 after 37 days
Range: $69,000 – $2,650,000
1 Bedroom, 1 Bathroom Condo/Coop
Average Sale Price: $327,790 after 41 days
Range: $60,000 – $625,000
2 Bedroom, 2 Bathroom Condo/Coop
Average Sale Price: $598,590 after 57 days (median was 9)
Range: $116,250 – $1,625,000
Find Out What Your DC Home Is Worth or Search DC Homes For Sale
Falls Church City Prices Increases 7.4% Over March 2012
April 25th, 2013 Laura Falls Church City saw a flurry of activity in March, resulting in an increase of an average 7.4% over last year. Seller averaged 98.9% of asking price. Overall, 120 properties sold in Falls Church, of which 19 were short sales or foreclosures. Here’s how the numbers shake out:
Single Family Homes
Average Net Sale Price: $575,152 after 38 days (median was 8)
Range: $286,000 – $1,380,000
Townhomes
Average Net Sale Price: $569,949 in 19 days (median was 5)
Range: $283,800 – $938,888
1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $177,221 after 13 days (median was 9)
Range: $101,000 – $304,900
2 Bedroom,2 Bathroom Condos
Average Net Sale Price: $288,711 in 31 days (median was 10)
Range: $180,000 – $630,000
Find Out What Your Falls Church Home Is Worth or Search Falls Church Homes For Sale
