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 any units selling below $250K or over $500K. Over 56% were in the narrow $350K-$450K range, while August had 50% of transactions below the $350K threshold.
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.