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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
Coldwell Banker Residential Brokerage
310 King Street, Alexandria, VA 22314
Licensed in Virginia
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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.
__________________________________________________________________

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
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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!
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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


Your Northern Virginia Realtor 703 407 7088 Konnie Mac FREE No Strings attached...
search MLS to to www.KonnieMac.com
Realty Direct, 44075 Pipeline Plaza Ashburn, Virginia
If you are looking to purchase a home in Northern Virginia go to www.KonnieMac.com for free no strings attached home search.
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