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 August statistics by zip code: 22101 Detached Houses Average Net Sale Price: $981,131 after 104 DOM Townhouses Average Net Sale Price; $627,700 after 84 DOM The overall market in McLean in 22101 is BUSY. Sales has more than doubled this point last year, for both volume and the number of homes sold. Surprisingly, days on the market has also gone up by about 20 days. Prices are still lower than this time last year. 22102 Detached Houses Average Net Sale Price: $1,307,625 after 106 DOM (median was 7 days) 1 Bedroom Condos Average Net Sale Price: $188,923 after 40 DOM 2 Bedroom Condos Average Net Sale Price: $399,561 after 71 DOM The overall market in McLean in 22102 is similar to 22101 for September. Volume and the number of homes sold are both up, as well as days on the market. Similarly, prices are still a bit lower than this time last year. Search the current Homes For Sale in McLean VA Laura Rubinchuk
Range: $526,000 - $2,251,000
Range: $535,000 - $820,000
Range: $728,000 - $2,525,000
Keller Williams Realty
703.283.6120
Laura@TheLJRGroup.com
The stats for September 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: $493,069 after 66 DOM Townhouses Average Net Sale Price: $437,719 after 56 DOM 1 Bedroom Condos Average Net Sale Price: $162,204 after 91 DOM 2 Bedroom Condos Average Net Sale Price: $233,370 after 53 DOM Once again, sales are up in Falls Church City - sales volume, units sold, and days on the market (this one surprises me!), but prices are down from September 2008. *This is an outlier. Overall, the entire City of Falls Church (regardless of type of property), is selling for about 95% of List Price. Search Falls Church Condos and Townhomes for Sale Search Falls Church Homes For Sale Search Falls Church Foreclosures (REOs and Bank Owned)
Range: $225,000 - $1,332,491
Avg Sold Price was 95.7% of Original List Price
Range: $212,430 - $914,933
Avg. Sold Price was 95.48% of Original List Price
Range: $86,000 - $260,000
Avg. Sold Price was 91.78% of Original List Price
Range: $126,100 - $435,000
Avg. Sold Price was 101.34% of Original List*
September 2009 Sales for Arlington County Virginia
Total Arlington Sales: 223
Detached Properties
North Arlington
Average Net Sale Price: $752,329 after 52 days on the market (DOM)
Range: $450,000 – $2,200,000
Avg. Sold for 95% of Original List Price
South Arlington
Average Net Sale Price: $532,681 after 95 DOM
Range: $205,000 – $875,000
Avg. Sold for 94.30% of Original List Price
Studio Condo
South Arlington
Average Net Sale Price: $189,769 after 52 DOM
Avg. Sold for 96.59% of Original List Price
1 Bedroom Condos
North Arlington
Average Net Sale Price: $314,886 after 34 DOM
Range: $165,000 – $419,000
Avg. Sold for 96.98% of Original List Price
South Arlington
Average Net Sale Price: $294,023 after 60 DOM
Range: $140,000 – $421,000
Avg. Sold for 93.78% of Original List Price
1 Bedroom w/Den Condo
North Arlington
Average Net Sale Price: $347,591 after 38 DOM
Range: $210,500 – $487,500
Avg. Sold for 94.15% of Original List Price
South Arlington
Average Net Sale Price: $199,250 after 72 DOM
Range: $91,038 – $287,900
Avg. Sold for 94.57% of Original List Price
2 Bedroom Condos
North Arlington
Average Net Sale Price: $535,800 after 77 DOM
Range: $318,000 – $1,142,000
Avg. Sold for 94.28% of Original List Price
South Arlington
Average Net Sale Price: $421,358 after 87 DOM
Range: $249,000 – $561,000
Avg. Sold for 91.94% of Original List Price
Townhouses
North Arlington
Average Net Sale Price: $600,645 after 110 DOM
Range: $406,000 – $825,000
Avg. Sold for 95.25% of Original List Price
South Arlington
Average Net Sale Price: $360,490 after 41 DOM
Range: $111,453 – $799,500
Avg. Sold for 97.15% of Original List Price
These are all averages. Please don’t use them to place any value on your particular unit. For a more accurate and specific analysis of the value of your particular property, please contact me via email: Laura@TheLJRGroup.com or phone: 703.283.6120
Anyhow, what the numbers are telling us for August is that Arlington is running about average with just over 200 sales last month. The overall average sales price is down about 6.5% from last year, but average days on the market before going under contract is also down – by 23 days. The number of sales increased tremendously from September 2008 – by about 16%. Inventory is still low, so good properties are selling quickly, especially as we’re just about out of time to buy something to qualify for the $8,000 tax credit.
Thinking about buying? Search the current Arlington VA Condos For Sale, Arlington VA Townhomes For Sale, Arlington VA Homes For Sale, or search the entire Arlington VA Inventory of Homes for Sale.
If you're looking for more details about Arlington Condos, Townhome Communities, or Neighborhoods, you can find detailed information on my blog: Arlington VA Real Estate News.
*These numbers do not include Retirement communities in Arlington.
Ever wonder how many units are in a particular condo building, or the number of townhouses that make up a neighborhood? Well i've done the hard part for you. On my website, you'll find detailed information on every condo building and townhouse in Arlington, including new construction that is delivering now or will be soon. This includes, but is not limited to:
Every home inspection is different. Some are nightmares, some are easy as pie, and then there are some....that are hilarious. You want to get a home inspection so you know what the current status of the home is before you buy it - do the appliances work? How about the HVAC system? Do the toilets flush? How old is the roof? These are all questions you should have answered by a licensed professional.
In Virginia, Maryland, and Washington, D.C., we have what is commonly referred to as "paragraph 7 items." Why? Because Paragraph 7 of our regional contract says:
"Seller warrants that....the existing appliances, heating, cooling, plumbing, electrical systems and equipment, and smoke and heat detectors (as required), will be in normal working order as of Possession Date."
That's your bible. Those are the "must-haves" when you're making sure everything is in "normal working order." Most other things are negotiable items (unless the property is sold in "as-is" condition.)
But....
What about the other stuff? What about those unexpected glitches?
I had a home inspection yesterday on a condo in Washington, D.C....a total bachelor pad. Well, I wanted to throw out a piece of gum, and wanted to be considerate and not throw it in the trash without wrapping it up first. Well, that's when we realized there was no toilet paper. Or toilet paper roll holder. At all. HUH??
Isn't a "roll holder" a potential fixture? Nope. Inconvenient - yep (what does he do when he has guests?)?
Looks like I know what i'll be getting them for their closing gift. :)
Laura J. Rubinchuk
Keller Williams Realty
703.283.6120
Laura@TheLJRGroup.com
 |
|
|
Providing real estate expertise in Arlington County, Fairfax County, and Washington, D.C.
Laura is an upstate New York native, but now calls Arlington home. Prior to becoming a full-time Realtor, Laura served as an analyst and consultant in the finance realm of the Federal Government. Laura completed her undergraduate work at the University of Rochester and holds a dual degree in Economics and Statistics, as well as a Master's Degree in Applied Economics from Johns Hopkins University. Licensed in Virginia, Maryland, and Washington, D.C., Laura focuses her business on helping first-time home buyers and sellers navigate the real estate process. Professional Affiliations and Designations
Business Experience
Education
Licensed in Virginia, Washington, D.C., and Maryland
"As a first time home buyer the entire process was very daunting to us, however Laura made it very easy. She made us feel very comfortable from the start and never made us feel like any of our questions were "dumb questions". I would absolutely refer her to any of our friends and family in the area searching for a home." - Nick, Washington, D.C.
"When my business partner and I moved into the DC area looking to invest we sent out a list of criteria to several real estate agents hoping to find one that could help us accomplish our goals, thank goodness we found Laura. She worked quickly to compile a list of over 100 properties, most of which we visited in a short two day period. Without Laura's dedication and hard work I'm convinced that we wouldn't be anywhere near where we are now. We plan on continuing our professional relationship with her and look forward to working with her in the future. Thanks Laura!" -Stephen E., Alexandria
"We are happy to say that in less than six weeks, we were in our new home and it is all thanks to Laura's dedication to us. She really listened, her commitment to us was reflected in her professionalism, timely communication and service to us and that made all of the difference. She was very knowledgeable and there were no questions or concerns that she was unwilling or unable to address. She has so much energy and goes above and beyond what a Realtor should do. She restored our confidence in the home buying process and I have since recommended her to anyone interested in buying or selling a home." -Maxine and Mustafa, Washington, D.C
"We recently had a baby and needed to move to a bigger home. A friend recommended Laura, so we contacted her. We thought we wanted to rent for another year before buying, but we told Laura that if she was able to find us a "steal" we'd consider it. When she got back to us with a list of for sale and for rent properties, we were surprised how many homes were on the market close to our price range. In the end we decided to stick to our original plan and rent. Laura never put any pressure on us to decide one way or the other- she let us decide what was best for us- even when it would have been better for her had we chosen to buy. We were planning to move in September but Laura's work was so fast that she was able to help us get into a place in August which worked out even better for us. She showed us the properties on last minute notice and was overall very flexible, friendly and helpful. We would recommend her to anyone who asked!" -Jess & James, Falls Church
"Laura did an amazing job of finding me a condo that fit exactly what I was looking for. Her extensive knowledge of the area and the outside research she did for me made the process very fast and easy since we didn't waste time looking at properties that she knew I wouldn't be interested in. She was very low-pressure about making the sale by letting me move at my own pace.
As a first time buyer, I wasn't sure exactly how the process worked after finding a place to put an offer on, so Laura helped me every step of the way, from the initial offer through the mortgage approval and closing. I always felt very comfortable with how things were working, and anytime something came up she would contact me right away and we'd resolve the issue asap. I couldn't have asked for a better experience!" - Mark, Arlington
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
