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Arlington Condos: Bottomed Out in April 2007. Or maybe it was January. No wait...
As my clients know, I'm a "numbers person."  It's the CPA in me.  I love to sift through data, find trends, draw conclusions.  I provide a monthly email update to my clients (see my website at www.katiewethman.com to sign up) that includes graphs of average sales prices for Arlington, DC, and Northern Virginia.  It's a broad measure, and far from perfect, but I do what I can in just one page.  Diving down into the micro-markets, though, tells the real story.
Let's look first at my year-to-date Arlington sales prices.  This includes detached homes, townhouses, and condos/co-ops.  Looking at this chart, the lowest point in the past 2 years was August 2006, which just barely edged out January 2007.  (Apologies in advance for the awkward sizing - I tried to resize but it made the graph grainy and unreadable.) 
 
 But with an average that includes all homes of all types and sizes, how useful is it to an individual buyer?  Let's say, someone specifically looking at a 1 bedroom condo?  And anyone who lives in the area knows that there is a huge difference between living in North Arlington versus South Arlington, and even more specifically whether you're walking distance to ... more

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