McLean appears to have slowed a tad in the month of February. Both in 22101 and 22102, average sale prices are down about 20%, days on the market are down (19% in 22101 and a drastic 81% in 22102), and both had more units trade hands in 2010 than 2009. Of the 30 properties that [...]
Posts Tagged ‘february 2010’
Falls Church, VA Real Estate Market Update – February 2010
March 24th, 2010
Laura Just like Arlington and D.C., Falls Church is on another run with prices up again in February. The market is still about 35% distressed (of 79, 10 were bank-owned and 18 were short sales), but prices are rebounding over those in 2009. See for yourself: Detached, Single Family Homes Average Net Sale Price: $494,514 after [...]
Washington, DC Real Estate Market Update – February 2010
March 24th, 2010
Laura We have ourselves a little bit of a seller’s market in the Washington, D.C. area for rowhouses and detached properties; condos aren’t getting bid up quite as much. The big story continues to be the low inventory in DC – rowhomes/detached properties are historically low for the 3rd month in a row, about 30% lower [...]
Arlington, VA Real Estate Market Update – February 2010
March 23rd, 2010
Laura February was a another strong month for the real estate market in Arlington. Average sales price is up about 3.5%, units sold is up almost 50%, and days on the market is down about 33%. The other number that’s down? Inventory. We’re at about 87% of the inventory in 2009, and 85% of 2008. Of [...]
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