I got an email from a woman from HGTV Headquarters about their show, My First Sale, about homeowners who go through the sale process for the first time.
If you’re thinking of selling in Arlington or Washington, D.C. please call me! Let’s apply to be on the show together as we get your home ready to be on the market to be sold!
Email me at Laura@TheLJRGroup.com or call me 703.283.6120
With the end of November 2009, came the end of the first round of the first-time home buyer credit, which was set to expire on November 30, 2009. Look at the difference a year makes: in November 2008, there were 142 sales, in November 2009, we had 240. How’s that for a year? Check out the numbers:
Detached Properties (Houses)
North Arlington
Average Net Sales Price: $708,376 after 53 days
Range: $438,000 – $1,295,000
South Arlington
Average Net Sales Price: $555,216 after 75 days
Range: $260,000 – $950,000
Townhouses
North Arlington
Average Net Sales Price: $730,475 after 51 days
Range: $514,300 – $1,150,000
South Arlington
Average Net Sales Price: $375,361 after 32 days
Range: $143,100 – $622,990
1 Bedroom Condo
North Arlington
Average Net Sales Price: $294,487 after 20 days
Range: $140,500 – $380,000
South Arlington
Average Net Sales Price: $233,811 after 28 days
Range: $69,000 – $342,900
2 Bedroom Condo
North Arlington
Average Net Sales Price: $502,587 after 50 days
Range: $375,000 – $814,200
South Arlington
Average Net Sales Price: $391,044 after 32 days
Range: $205,155 – $525,000
Of the 240 sales in November, 17 were short sales and 20 were bank-owned properties…which makes 15% of the market a “distressed property.”
As a county, Arlington average prices are down less than 1% from this time last year.
The stats for October in Falls Church, VA includes both the city of Falls Church and the part of Falls Church within Fairfax County.
Detached Houses
Average Net Sale Price: $492,878 after 59 DOM
Range: $210,000 – $1,321,650
Avg Sold Price was 96.33% of Original List Price
Townhouses
Average Net Sale Price: $382,943 after 88 DOM
Range: $120,000 – $555,000
Avg. Sold Price was 90.57% of Original List Price
1 Bedroom Condos
Average Net Sale Price: $184,527 after 36 DOM
Range: $85,500 – $260,000
Avg. Sold Price was 95.66% of Original List Price
2 Bedroom Condos
Average Net Sale Price: $314,677 after 44 DOM (median was 4)
Range: $160,000 – $600,400
Avg. Sold Price was 95.81% of Original List
Of the total 120 sales in Fall Church – 16 were short sales, and 13 were bank owned properties.
Falls Church has stayed pretty steady from month to month. Volume is still up, number of sales is almost double October 2008, and days on the market is down.
Search Falls Church Condos and Townhomes for Sale
McLean VA is home to many businesses and personal residential pieces of real estate. The zip of 22101 is heavily populated with Businesses, so I’ve broken out the October statistics by zip code:
22101
Detached Houses
Average Net Sale Price: $1,496,948 after 176 DOM
Range: $513,500 – $3,500,000
Average % of List Price: 89.89%
Townhouses
Average Net Sale Price; $641,458 after 242 DOM (median was 34 days)
Range: $460,000 – $775,000
Average % of List Price: 95.77%
22102
Detached Houses
Average Net Sale Price: $2,004,667 after 426 DOM (median was 351 days)
Range: $1,025,000 – $3,668,000
Average % of List Price: 85.25%
1 Bedroom Condos
Average Net Sale Price: $213,500 after 47 DOM
Average % of List Price: 95.87%
2 Bedroom Condos
Average Net Sale Price: $321,590 after 14 DOM
Average % of List Price: 96.75%
Townhouse
Average Net Sale Price: $622,533 after 18 DOM
Range: $562,100 – $740,000
Average % of List Price: 98.41%
Interestingly enough, average sales price is up for October, compared to 2008 in 22101, but down in 22102. Volume and days on the market are up for both zip codes.
Of the 59 properties that sold in October, 2 were short sales, and 6 were bank-owned.
Search the current Homes For Sale in McLean VA










