Arlington, Virginia Neighborhood Spotlight: Waycroft-Woodlawn

A North Arlington neighborhood consisting of about 600 single family homes, Waycroft-Woodlawn is bordered by N. Glebe Rd, Rt 66, 17th St, and N George Mason Drive, just to the north of the Ballston area and metro. The neighborhood spans over the zip codes 22205 and 22207, and includes Woodlawn Park (a family-friendly area for the community).

Let's compare the first 6 months of sales in the area for the past 3 years:

Jan 1 - June 30, 2009

Total Sales: 8
Price Range: $520k (bank-owned) to $1.28M (brand new construction)

Median Sales Price: $789,455
Average Sales Price: $840,914 after 22 Days on the Market

Jan 1 - June 30, 2008

Total Sales: 12
Price Range: $465k to $807k

Median Sales Price: $645,950
Average Sales Price: $643,148 after 38 Days on the Market

Jan 1 - June 30, 2007

Total Sales: 9
Price Range: $595k to $767k

Median Sales Price: $700,000
Average Sales Price: $690,611 after 41 Days on the Market

You can see from the statistics that there isn't much turnover in the neighborhood - only about 2% per each 6 month time period. Also, these houses are selling faster, and at a higher price than this time last year. Both the average and median sales prices are up from 2008 - a good sign for sellers in the area!