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aj heidmann: 2012 Year End Report for The Arlington - 02/19/13 10:03 AM
The books have been closed on real estate sales in The Arlington for 2012. For the year, a total of 37 units reached the settlement table, which is well above the rolling 5 year average of 30 units and just 1 shy of the 2010 high water mark of 38 units for that same period.
Of particular note is the number of upper level units, B & M models, which accounted for 75% of all sales, and the M models accounted for 48% of sales by themselves. These percentages represent the high mark over the past 5 years, with M (5 comments)
aj heidmann: 2012 Palazzo at Park Center Sales Review - 02/18/13 02:27 PM
~ Palazzo at Park Center 2012 Review ~ The books are closed on 2012 for the real estate sales in the Palazzo at Park Center in Alexandria, VA. Activity was very brisk in the 2 bathroom units (Naples, Milan & Verona models), which accounted for 71% of sales but just 40% of the 392 units in the complex. The 1 bathroom units (Florence & Venice models) accounted for just 6 of the 21 units sold in 2012.
What is unique about the Palazzo versus the vast majority of other condo associations in the area is the amount of (5 comments)
aj heidmann: ActiveRain Gets Much Love at CRS Sellebration - 01/31/13 10:16 AM
Just a quick note from CRS Celebration in Las Vegas... Sam Miller of Knox County Ohio and Apple Valley Lake fame here on Activerain is giving a great workshop on "Tech Lead Generation and Conversion" as I peck this out. Fabulous content across multiple sources for real estate leads and the first thing out his mouth was... Acitiverain! He gave a great synopsis of the SEO value of content on the site and value to agents over other blog sites. I suspect a jump in new agents in the next 24 hours... so ramp up the servers! Back to the session... (6 comments)
aj heidmann: Another Unit SOLD in The Arlington ~ 4643-C S. 28th Road - 06/08/12 11:49 AM
SOLD in The Arlington This M model, with 875 square feet and located on a pedestrian courtyard, went under contract in just 9 days. The 2 level, 2bed/1bath unit included bamboo flooring on the upper level, wood burning fireplace in the living room, in-unit washer/dryer, and a deck off the kitchen that backed to community green space. All this located in a pet friendly association with ample green space and over 500 trees (yes, they have counted the trees), and just a short walk from Shirlington, VA.
The Arlington was originally built in 1950 as (6 comments)
This Florence II model, with 818 square feet~storage closet~1 garage space, successfully went to settlement recently after just 9 days on the market and with one of the highest Price per square figures that we have seen in the past 6 months. The open floor plan, including a wall of windows with Southeast exposure and a large balcony, created an airy feel that is not always found in condominium living.
The Palazzo was built in 2005 and offers on-site amenities such as gym with 24 hour access, 2 level (4 comments)
aj heidmann: The Shirlington Market Report ~ May 2012 - 06/05/12 02:34 PM
~ The Shirlington Report ~ The strong sales momentum that we had early in the year got even stronger in May, as the Shirlington real estate report shows a total of 43 units reaching the settlement table. An increase in quality listings as we have moved through Spring has been met with an equally strong increase on contracts, so that inventory is still the limiting factor. To put the activity in the Shirlington real estate market into context, a total of 29 new listings were added in May while 26 units went under contract in the month. I hate to (3 comments)
aj heidmann: The Shirlington Report ~ April 2012 - 05/03/12 11:53 AM
~ The Shirlington Report ~ The Shirlington real estate report for April shows the impact of an increase in quality listings throughout the Spring, increased units under contract and sold. There were 28 units that reached the settlement table, the same as in March, which shows that if a move-in ready unit comes on the market it is quickly snapped up by the large pool of buyers circling the area. To put the activity in the Shirlington real estate market into context, a total of 37 new listings were added in April while 36 units are currently under contract… so for (5 comments)
aj heidmann: The Shirlington Real Estate Report ~ March 2012 - 04/06/12 05:39 PM
~ The Shirlington Report ~ The Shirlington real estate report for March shows the impact of the increase in quality listings in February and March. There were 28 units that reached the settlement table, up from 17 in February. To put the activity in the Shirlington real estate market into context, a total of 39 new listings were added in March while 41 units went under contract… so demand continues to exceed supply. I hate keep singing the same refrain (3 months running!), but here it is; Inventory… or more correctly the lack of inventory is an issue within the Shirlington (8 comments)
Weekend Street Parking at the Palazzo After 18 months of research, compiling data, communicating with the association in numerous meetings, and a public hearing last week; we have 24 hour parking on Northampton Drive on weekends! The City of Alexandria approved the change from parking from 7PM to 7AM seven days a week to parking 7PM to 7AM Monday through Friday (excluding holidays).
The new times apply to both sides of Northampton Drive between Ford Ave. & Kirkpatrick Lane and it anticipated that it should generate space for 24-28 vehicles. Restrictions (3 comments)
~ The Shirlington Report ~ The Shirlington real estate report for February shows the impact of the huge jump in contract activity in January. There were 17 units that reached the settlement table, which was just one unit shy of the results in February 2011. Coincidentally, there were 17 new listings in February, so the net number of available units is the same as in January at 37. I hate keep singing the same refrain (and re-use verbiage from the previous months’ report), but here it is. Inventory… or more correctly the lack of inventory is an issue currently, (11 comments)
aj heidmann: Trends in Real Estate for Shirlington, VA - 03/02/12 04:39 PM
The Shirlington real estate market has been plugging along, steady eddy style for the past 4 years, with the number of units sold has staying within a narrow 5% range. This is a contrast to the 2006-2007 years that marked the end of the market bubble in condominiums in our area.
However, it is incredibly important to point out that 2011 was the first full year without any home buyer tax credit in a while, yet the Shirlington real estate market maintained sales on par with those years that were “goosed” by the credit.
Here in the close-in Northern Virginia market, (which is composed of Fairfax & Arlington Counties and Alexandria, Fairfax & Falls Church Cities), the lack of quality inventory is THE story now. This is particularly true in the $500K-$300K and <$300K price ranges, where available inventory is down (19%) & (37%) respectively, but new contracts for January came in at 1% & (12%) respectively. The drop in contract activity is believed to be related to the lack of desirable listings at this point, as opposed to a reduction in the desire to buy. Open house attendance for the Arlington office of (19 comments)
aj heidmann: Shirlington Real Estate Report ~ January 2012 - 02/17/12 12:15 PM
~ January 2012 ~ The Shirlington real estate may have limped in with just 9 condos going to settlement in January, which was below the 13 units that sold in January 2011, though it is historically a slow month following the holidays. What does stand out is the number of units with ratified offers, at 28, in normally slow January. Apparently, many potential buyers had holiday visions of home ownership and made an offer once the holidays were over. Inventory… or more correctly the lack of inventory is an issue currently, with the Shirlington real estate market having less than 2 months (4 comments)
aj heidmann: Thoughtful Thursday - 02/16/12 12:49 PM
I had previously written about an EMT of the Alexandria Fire Department that died last week in the line of duty, Tribute to Fallen EMT at Fire Station 206 in Alexandria. His memorial service starts in about 15 minutes and a huge turnout is expected. We live just around from Station 206 where Joshua was stationed and I took a short walk to do some thinking at lunch. Those attending the service and coming from I-395 onto Seminary Road Eastbound will be greeted by this sight.
That flag hanging from the tower trucks in a light rain, reminds me (2 comments)
aj heidmann: Traffic Alert ~ Funeral Service for Joshua Weissman EMT ~ Seminary Hill Area - 02/15/12 05:36 PM
Tomorrow the City of Alexandria and family, as well as firefighters from around the country, will says good bye to Joshua Weissman. Joshua is the EMT that perished in the line of duty last week Tribute to Fallen EMT at Fire Station 206 in Alexandria while responding to an emergency call on I-395 and fell from the highway into Four Mile Run. - The memorial service is scheduled to begin at 1pm and will be held at Beth El Hebrew Congregation at 3830 Seminary Road, but with 200 fire vehicles expected for the procession and potentially over a thousand attendees, the out (0 comments)
This is the scene at Fire Station 206 at the intersection of Seminary Road & N Pickett St in the City of Alexandria, which is located just around the corner from our home. The ambulance draped in black, along with flowers and a photo are all in tribute to Paramedic Joshua Weissman, who passed away on Thursday after suffering injuries in the line of duty the previous evening.
According to the Fire Department and numerous news sources, Weissman's EMT unit was responding to a car fire in the HOV lane near the intersection of I-395 and Glebe Road around 6:30 pm (10 comments)
aj heidmann: Thanks for Holding Open Houses on Sunday ~ They Are Effective! - 02/07/12 05:33 PM
There have been quite a few posts in the couple of weeks regarding the efficacy of doing an open house, if you do one at all, that really brought a lot of comments. I'll get to that later, but most of all I want to say THANK YOU to the several agents in the Alexandria & Arlington real estate market that held open their listings on Super Bowl Sunday and helped me help all my buyer clients at once. Let me set the stage for my thank you.... I am currently working with several buyers and like most well qualified buyers (5 comments)
We have closed the books on the sales for 2011 in the Palazzo at Park Center with 18 units reaching settlement. These units were spread among three of the four available layouts in the building, with just the larget unit, the Verona not being sold. The type sales within the community was very evenly mixed with 7 normal sales, 6 short sales, and 5 foreclosures.
This is huge change from the mix in 2010 when just 21% of sales were normal transactions and foreclosures made up the biggest component at 42% of the 28 units that sold. One reason that this changing mix (0 comments)
aj heidmann: January Market Report for The Arlington - 02/06/12 06:20 PM
January came in like a Lion! Let’s just hope that the Spring market for the Shirlington real estate market doesn’t go out like a lamb. For the month of January, 6 units went under contract in The Arlington, leaving just 2 properties fully available for sale. Of those two available properties, one is a ground floor short sale, while the other is the larger 3 bed/2 bath L Model. In an average year, roughly 35 units will go to settlement.
This sudden burst within The Arlington is a (0 comments)
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