It’s almost Independence Day in D.C. again! Here’s a rundown of some things going on around town this weekend:
Parade, 11:45am on Saturday, the 4th from Constitution Ave and 7th St
United States Air Force Band Concert, 6pm, Washington Monument (SW Corner)
A Capitol Fourth Concert, National Symphony Orchestra and some Pop artists on the West Lawn of the Capitol, 8pm
Fireworks on the National Mall, usually starts around 9/9:15pm
Happy 4th of July!!
Local comedian, Remy, born in McLean, VA is known for his funny videos has taken aim at Arlington, Virginia – his new home. While I wish I could say that I was this creative, alas, I can only say that I admire and find this to be hilarious. I hope you enjoy!
McLean is a very interesting area of Northern Virginia. Nearby to Tysons Corner, Washington, D.C., and many of the central locations for Government Agencies and contractors, McLean was ranked #4 by AOL for “Smartest Suburb”. I’ve broken out the statistics for McLean into 2 zip codes: 22101 and 22102. They have different characteristics that make it hard to lump the 2 into one category. See the stats below:
22101
35 Sales in May
32 Single Family Homes
Average Sale Price: $1.085M after 100 days
Sale Ranges were $387k to $2.63M
Only 3 Townhouses
Average Sale Price was $860,000 after 22 days
Sale ranges were $665k to $1.055M
22102
18 Sales in May
4 Single Family Homes
It’s hard to calculate an average when the sale prices were $680k, $980k, $1.85M, and $7.85M
2 Townhouses
Also hard to calculate an average – sale prices were $728k and $573k
Condos
1 bedroom, 1 bath: $223k after 65 days
2 bedroom, 2 bath: $319k after 49 days
Again…McLean can be ALL over the place with sales. You’ve got a ton of new construction on large lots of land, and you have older homes on busier streets and smaller lots. So you have to be mindful of details when calculating averages. This is just a large overview of the local market!
Here are some statistics about the real estate market for May in Falls Church (both the city of and the part in Fairfax County). Falls Church was hit pretty badly by foreclosures these past few months. While they seem to be selling through inventory – there were 117 sales in May – it seems prices are still low, and a great opportunity for investing.
Single Family Homes
Average Sale Price: $483,000
Average Days on the Market: 67
Sales ranged from $200k to $1.355M
Townhouses
Average Sale Price: $478,000
Average Days on the Market: 84
Sales ranged from $115k to $750k
Condos
1 Bedroom, 1 Bath
Average Sale Price: $145,000
Average Days on the Market: 117
Sales ranged from $68k to $250k
2 Bedroom (or 1 bedroom with den), 1 Bath
Average Sale Price: $163,000
Average Days on the Market: 128
Sales ranged from $90k to $263k
2 Bedroom, 2 Bath
Average Sale Price: $273,000
Average Days on the Market: 80
Sales ranged from $210k to $534k
If you’re interested in more details, please contact me!
Stats time! I’ve broken down the different types of properties in Arlington by North (Zip codes: 22201, 22203, 22205, 22207, 22209, 2213) and South (22202, 22204, 22206). These stats are for May 2009, and attempt to capture the market as a whole, simply based on location and type. Information given is average sale price (net, after any subsidy) and average days on the market for the property.
Single Family Homes
North Arlington: $773,767 and 101 Days
South Arlington: $414,412 and 111 Days
Townhouses/Duplexes
North Arlington: $714,848 and 47 Days
South Arlington: $388,425 and 53 Days
Condos
1 bedroom, 1 bath
North Arlington: $297,100 after 51 days
Sout Arlington: $251,300 after 70 days
2 bedroom, 2 bath
North Arlington: $498,300 after 47 days
South Arlington: $358,100 after 99 days
Like my usual disclaimer, these stats are BROAD and shouldn’t be used to value your personal properties or any you’re interested in pursuing. Many things go into determining value for a specific property, so please let me know if you’re interested in a detail comparative market analysis. These stats are for general information purposes only!
May has now come and gone….along with 32 condos in Arlington’s 22201 zip code. Here’s a brief snapshot of some of the sales last month:
Buildings with 3 Units Sold
Colonial Village
Station Square
Westview
Buildings with 2 Units Sold
1021 Clarendon
The Phoenix
The Odyssey
The Williamsburg
Eastview
The Astoria
There were several other buildings with 1 unit…Windsor Plaza, 1800 Wilson, etc.
For buildings fewer than 10 years old, here are some recent sales:
2 bedroom, 2 bath: Average sale price, $538,000
1 bedroom, 1 bath: average sale price, $370,000
Studio, 1 bath: average sale price, $278,000
For the other buildings in 22201:
2 bedroom, 2 bath: average sale price, $454,700
1 bedroom, 1 bath: average sale price, $330,400
Market snapshots try to encompass high level stats…they don’t account for individual details that really help to narrow down a price range for a certain unit. Several factors go into running more specific market analysis.
The Phoenix at Clarendon Metro, built in 2007, is down to the last few units! As a result, the builder has drastically cut the prices on the remaining units.
The 2 bed, 2 bath, D2 floor plan is available on the
3rd floor: $479,900
6th floor: $499,900
The 2 bed, 2 bath, D7 floor plan is available on the
2nd floor for $539,900
2 bedroom, 2 bath with Den, E3 floorplan on the 5th floor
$629,900
These prices are INCREDIBLE deals compared to the original prices when the building was delivered.
If you’re interested in The Phoenix, visit www.ThePhoenixInArlington.com, or contact me – let me help you get the best deal possible!
Built in 2004, The Berkeley is a smaller building, but boasts 83 quality units. The building is located at 1000 N. Randolph Street, just 1 block from the metro, and across the street from the Eastview Condominiums (a rental conversion to condos).
Building amenities feature a gym, underground parking, some storage space, and landscaping. The building does not have a pool. Some units have fireplaces, great views, and huge wrap-around balconies.
Search Homes For Sale at The Berkeley Condominium
