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Shirlington Real Estate Report ~ January 2012
~ 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 of inventory at the January sales pace.  Further, many of the units currently on the market have been gathering Days On Market, either due to over pricing or poor condition for the price, so the number of truly move in ready units is probably below 1 month of inventory.  Those sellers that can bring there unit onto the market before the traditional Spring market should find that competition is light and works to their advantage.

 
 
 
 
  
 
 
 
 
 
 
 
 
The Shirlington area is surrounded mainly by condominium developments, with some ... more

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