Arlington, VA

The Arlington Report for YTD October 2009

Model # Sold Sales Range Ave. Price Ave. Subsidy

A Lower 1 $300,000 $300,000 $9,750

B Upper 8 $260,000 - $295,000 $281,375 $3,795

C Lower 6* $275,000 - $293,000 $284,167 $1,667

L Lower 1* $345,000 $345,000 $ 0

M Upper 4* $300,000 - $311,000 $306,250 $4,831

*Excludes a short sale due to the distressed nature of the sale

Data source: MRIS settled transactions 1/01/2009 - 10/31/2009, deemed reliable, but not guaranteed

Compliments of AJ & Jodee Heidmann
YOUR Resident Specialists for The Arlington

There were 3 additional closings in the month of October, which brings the total number of market rate units sold to 20 for the year, though as of November 1st there aren't any more units fully under contract. This appears to be the result of buyers trying to meet the deadline to qualify for the $8,000 First Time Home Buyer Tax Credit and after early October it is doubtful that a contract would make it all the way to settlement by the 11/30/09 deadline. Accordingly, the inventory of fully available units has grown from 2 in September to 6 of the 2Bed/1Bath configurations today.

An extension of the tax credit through April 30, 2010, with an expansion to include owners that have owned their current home for at least 5 years, is working it's way through Congress as an attachment to extending unemployment benefits. It appears to have a good chance of surviving intact with a vote anticipated sometime in the next few weeks. This would be a boost to the market during the holiday season, which is generally a very slow period for new contracts. Time will tell and we look forward to keeping you up to date on the happenings in The Arlington.

Respectfully,

AJ Heidmann, ABR, CRS, e-PRO

Cell 703-474-1260 ~ Office 703-518-8300 ~ Fax 703-518-8314

AHeidmann@CBMove.com

Coldwell Banker Residential Brokerage

310 King Street, Alexandria, VA 22314

Licensed in Virginia

OK so you know it is special when others take note of what you are doing. Especially the New York times. Have you read their article titled An Oasis of Stability Amid a Downturn? It is a very well written article that sums up our area of Arlington VA take a look at an exerpt The 3.3-mile corridor extends from the high-rise riverside canyons of Rosslyn; through Courthouse, the seat of Arlington County’s government; to hip Clarendon; to Virginia Square with its branch campus of George Mason University; and finally to Ballston, a few square blocks of high-rise offices, hotels and residences and also a hub for science and technology. “The Rosslyn-Ballston corridor will continue to be the most sought-after area in Northern Virginia in the foreseeable future,” Cushman & Wakefield said at the end of June. “It has remained resilient during the worst recession in decades, and should continue to do so, as demand will remain healthy and new supply will be low for the next few years.” The positive economic vibe was evident this summer with the announcement that the Defense Advanced Research Projects Agency would move its 800 employees from older leased space nearby into a new 355,530-square-foot building designed to meet Defense Department antiterrorism standards. We are lucky to live here, work here and if you are thinking of investing or moving to Arlington, VA contact me at 703-587-0945 or Norm@callnorm.com By the way, you can search EVERY home for sale in our MLS for FREE from my website http://www.CALLNORM.com The listings are overlaid on a Google map. Try it today! Search Arlington VA real estate, Fairfax VA Real estate, McLean VA real estate, Falls Church VA Real Estate, and Alexandria VA Real Estate, Arlington VA Realtor, Falls Church VA Realtor, Fairfax VA Realtor, McLean VA Realtor, Arlington VA MLS, Fairfax VA MLS, Arlington VA Schools, Fairfax VA Schools Additional options www.callnorm.com MLS Search Norm@callnorm.com contact me anytime

Offered at $270,000, this one bedroom, one bath condo at the Cardinal House, located on the corner of Lee Highway and Spout Run Parkway in Arlington, Virginia is spacious and sunny.  The kitchen has been updated with new appliances in 2004.  The bath has been remodeled, hardwood floor in foyer, chair railing in living and dining room. There is generous closet space with a large walk-in closet in foyer, and mirror sliding doors to Large bedroom closet, a linen closet, plus resident storage.

 

 

 

 

The Cardinal House Condominium property features manicured lawns, flowering shrubs and mature trees. Cardinal House Condominium is professionally managed, with an on-site building manager and engineer, and has an on-site security during evening, overnight and weekend hours.  


This condo at the Cardinal House is the best kept secret ... it is a clean, secure building, great amenities, near shopping and restaurants, Metro bus stop across the street, and near metro stations (Clarendon, Rosslyn, and Ballston).  A great price and a great location.

 

 

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Rebecca Gaujot, REALTOR® | 304-520-2133
Coldwell Banker | Stuart & Watts Real Estate
Thinking of buying or selling a house, call me...Your WV Real Estate Connection for Lewisburg, WV/Greenbrier County.

LewisburgWV and GreenbrierCounty RealEstate
Your Connection to West Virginia Mountain Splendor

 

 

The annual Marine Corps Marathon is tomorrow at 8 AM in Arlington VA and then crosses the Potomac River into the District. For those not used to it, you have to plan ahead to get around town. There will be a lot of street closures from 4 AM to 1:30 PM. A few years ago, I forgot about it and and had a flight to take from National airport. So I thought I should share this. There will be some terrific traffic backups due to re-routing traffic, detours and areas being cordoned off for the race. Northern VA can become total gridlock when the race is on, and during the aftermath. I'm sure there will be a lot of celebrations and tourists around during and after the race. Plan ahead!

• Marine Corps Marathon Information
• Marine Corps Marathon Route
• Marine Corps Marathon Weekend Guide
• Street Closures - Marine Corps Marathon

Pentagon Row is a shopping "destination" located in Arlington, VA. Stores include Harris Teeter, Bally Total Fitness and other specialty retailers there is also and...ice skating rinks (November through March) and many restaurants...

The Annual Halloween Fest on Saturday, October 24 from 1-3pm! Free events include Trick or Treating, Balloon Art, Halloween Cookie Decorating at Sur la Table (1:30-3pm), Giveaways and more! For more information, please visit www.pentagonrow.com. This activity is Free! and will be held Rain or Shine.

Pentagon Row
Corner of Army Navy Drive and South Joyce Street
Arlington, VA 22202


Date/Hours:
Saturday, October 24, 2009 (1:00 PM-3:00 PM)

Telephone:
Information: (434) 977-9234

Email:
jpreusser@federalrealty.com

Website:
pentagonrow.com

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