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With inventory levels dropping dramatically in McLean these past few months, it’s no surprise that prices continue to climb. In 22101, total inventory was down over 12% from last year, while average sales prices were up 1%. In 22102, total inventory was down 8% from last year, helping prices increase nearly 23% over February 2011. [...]
Archive for the ‘Arlington’ Category
Real Estate Prices Continue to Rise in Arlington
March 12th, 2012 
Laura Prices increased 4.73% over February 2011! Yet another strong month for Arlington. With the price increase came an increase in total unit sold (174), and an increase in how much properties were selling for compared to their original list price (95.7%). Inventory dropped 7.6% from last year, helping the price increase. A total of 10 [...]
Buyers Who Received The $8,000 Tax Credit….When Can You Sell?
March 8th, 2012 Laura For those of you who first-time buyers who bought a property during 2009 and 2010 when you were eligible for the $8,000 tax credit, there are some things you need to know as you approach that 3 year mark. The credit was yours to keep if you maintained the property as your principal residence for [...]
What Are Normal Inventory Levels for Arlington?
March 6th, 2012 Laura Over the year, the monthly sales average about 200. That means 200 sales of any variety of property type (condo, townhouse, or detached home). You’d expect to see numbers which give people several options to choose from when house hunting in any given price range, but lately, numbers have been so low that people spend [...]
Why Are So Many Condos For Sale in One Building?
March 5th, 2012 Laura I was holding an open house yesterday at my listing in Courthouse at 1800 Wilson (1800Wilson.com). Currently, there 5 units there for sale (either active or pending), most within the last 2 weeks. A gentleman came in and asked me a great question, he said “I noticed a handful of new condos up for sale [...]
Arlington Neighborhood Spotlight: Chain Bridge Terrace
March 1st, 2012 Laura A group of 8 luxury single family attached homes, originally built in 2001 by J.L. Albrittain Inc Custom Builders. These luxury, 4,000-6,000 sq ft+ homes feel like they’re detached, but they’re actually classified as townhomes. There’s a small HOA fee that covers snow removal, paving, and the master insurance policy. These homes have a 2-car [...]
Posted in Arlington 
Tags: arlington neighborhoods, arlington real estate, luxury townhomes 
No Comments »What Properties Can You Show Us? Can You Show Us Properties From Another Company?
March 1st, 2012 Laura In short, yes! Any Realtor, can show you ANY property listed by ANY other Realtor (or their own listings for that matter). It doesn’t matter what company represents the seller, every Realtor has access to every property on the market. We all have individual smart cards (through a company called Sentrilock) that allows us access [...]
FHA To Increase Mortgage Premiums (Again) As of April 1, 2012
February 29th, 2012 Laura Due to a decline in capital reserves, the FHA will be increasing premiums again to FHA buyers who will be obtaining a loan as of April 1, 2012. Here’s your Need to Know info: You must be under contract by the end of March 31, 2012 to avoid the rate hike. Down-payment requirements remain at 3.5% Loan [...]
The Psychology Of An Offer In Today’s Real Estate Market
February 28th, 2012 Laura You’ve heard me saying that inventory levels are incredibly low but now I can actually relate it in terms many of you will understand better: inventory levels haven’t been this low since January 2005! What does that mean? It means we’re out of the buyers market and into a sellers market! Looking for some pointers [...]
