The Shirlington Report ~ August 2009

The Shirlington Report

~ August 2009 ~

A total of 24 units went to settlement in the month of August, while 14 of the 30 units under contract were ratified during the month. Of this activity, 1^st time home buyers appear to have been a driving force as they seek to qualify for the $8,000 tax credit, which requires settlement take place on or before November 30^th.

As far as where these sales took place across the pricing spectrum, 50% of these transactions occurred below the $350K threshold, another potential indicator of 1^st time home buyer activity.

AJ Heidmann, CRS, ABR, 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

"Serving Distinctive Clients & Properties in Northern Virginia"

Licensed in Virginia

* Information taken from the MRIS system deemed reliable, but not guaranteed.

** For the purposes of this report, the Shirlington area includes the following condominium associations: Courtbridge I & II, Heatherlea, ParkFairfax, Shirlington Village, The Arlington, Windgates I, II & III, and all Fairlington communities