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.
AJ Heidmann, CRS, ABR, e-PRO
Cell 703-474-1260 ~ Office 703-518-8300 ~ Fax 703-518-8314
Coldwell Banker Residential Brokerage
310 King Street, Alexandria, VA 22314
"Serving Distinctive Clients & Properties in Northern Virginia"
Licensed in Virginia
* Information taken from the MRIS system deemed reliable, but not guaranteed.
** For the purposes of this report, the Shirlington area includes the following condominium associations: Courtbridge I & II, Heatherlea, ParkFairfax, Shirlington Village, The Arlington, Windgates I, II & III, and all Fairlington communities