sales: The Shirlington Report ~ November 2009 - 12/04/09 04:01 AM
The Shirlington Report
~ November 2009 ~ 
It was a busy month for settlements of Shirlington real estate with 33 units reaching that milestone, presumably in part due to November 30th being the deadline of the original 1st Time Homebuyer Tax Credit.  New condo listings hitting the market in November were down by almost half from October at 18, the normal seasonal slowdown appears to on track, bringing total amount of active listings to 47 which matched the previous month's number.  New this month, contingent offers with unresolved contingencies have been separated from those units fully under contract.  Surprisingly, not a single … (4 comments)

sales: The Shirlington Report ~ October 2009 ~ - 11/11/09 06:07 AM
The Shirlington Report
~ October 2009 ~ 
It was a busy month for Shirlington real estate with 50 new condo listings hitting the market in October, 23 of 30 units under contract getting ratified within the month, and 34 units making it to the settlement table.  Early contract activity in the month was skewed towards lower priced properties, presumably 1st time home buyers trying to get in under the original deadline for the tax credit, while activity in the latter half of the month was geared to higher priced units.
 
  
 
 
 
 
 
 
 
 
 
 
 
 
The … (2 comments)

sales: The Shirlington Report ~ September 2009 - 10/06/09 08:42 AM
The Shirlington Report
~ September 2009 ~ 
A total of 32 units went to settlement in the month of September, while 25 of the 27 units under contract were ratified during the month.  Of this activity, 1st time home buyers continue be the driving force as they scramble to qualify for the $8,000 tax credit, which requires settlement take place on or before November 30th.  At our open house this past weekend, 75% of attendees were 1st time home buyers scrambling to find units to make an offer on.
 
 
 
 
In September, the units sold were much more tightly grouped vs August, without … (0 comments)

sales: The Shirlington Report ~ August 2009 - 09/15/09 04:37 AM
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, 1st 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 30th. 
 
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 1st time home buyer activity.
 
 
 
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AJ Heidmann ~ CRS, YOUR Alexandria & Arlington, VA Real Estate Expert (McEnearney Associates, Inc.) Rainmaker large

AJ Heidmann ~ CRS

YOUR Alexandria & Arlington, VA Real Estate Expert

Alexandria, VA

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McEnearney Associates, Inc.

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