The Arlington Condominium ~ YTD September 2009

By
Real Estate Agent with McEnearney Associates, Inc.

 

The Arlington Condominium SignThe Arlington Report for YTD September 2009

  Model      # Sold               Sales Range            Ave. Price      Ave. Subsidy

 A  Lower        1                   $300,000                 $300,000            $9,750

 B  Upper        7            $260,000 - $295,000        $283,714           $3,623

 C  Lower        5*           $275,000 - $293,000      $282,600           $2,000

 L  Lower        1**                  $345,000              $345,000             $ 0

 Upper       3***        $307,000 - $311,000      $308,333           $4,666

 *Excludes short sale at $265, 000 due to distressed nature

**Excludes short sale at $269, 000 due to distressed nature

***Excludes short sale at $255, 000 due to distressed nature

Data source: MRIS settled transactions 1/01/2009 - 9/30/2009, deemed reliable, but not guaranteed

Compliments of AJ & Jodee Heidmann
YOUR Resident Specialists for The Arlington

We are closing in on the generally accepted cut-off date for a first-time home buyer to make an offer using FHA financing and still make closing by the November 30th deadline to receive the $8,000 tax credit.  As we approach the finish line, there were 3 more settlements in the month of September and 4 more units are in some state of contract.  The current supply of available units is extremely low with only 2 of the 2Bed/1Bath configurations on the market and just 1 of the 3Bed/2Bath units. 

Respectfully,

AJ Heidmann, ABR, CRS, e-PRO

Cell 703-474-1260 ~ Office 703-518-8300 ~ Fax 703-518-8314 

AHeidmann@CBMove.com

Coldwell Banker Residential Brokerage

310 King Street, Alexandria, VA  22314

Licensed in Virginia 

Posted by

 

AJ Heidmann ~ CRS,  ABR

Cell 703-474-1260 ~ Office 703-717-6324 ~ Fax 703-839-8283

AJ@AJHeidmann.com

www.AJHeidmann.com

McEnearney Associates, Inc.

4720 Lee Highway, Arlington, VA  22207

Licensed in Virginia

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Rainmaker
249,620
Scott Guay
Berkshire Hathaway Home Services PenFed Realty - Ocean Pines, MD
Associate Broker. Ocean City and Ocean Pines MD

You are correct that time is running out on the credit.  Maybe it will be extended and I hope will include second home buyers which is a large part of my market,

Oct 13, 2009 02:25 AM #1
Rainmaker
518,006
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Scott - The CBRB countdown clock shows just a day and a half left for buyers to go under contract and hit the November 30th deadline. 

If they were to extend the credit, I doubt that they would announce anything until shortly before the current expiration, just to keep all the current contracts moving forward.  I hadn't thought about extending it to second homes purchasers, which would really help selected areas such as yours, but personally doubt that there is political will to expand it that far. 

We'll have to just see how this plays out...

Oct 13, 2009 03:47 AM #2
Rainer
206,600
Laura T. Perry
Keller Williams Elite - Lancaster, PA
CRP, GMS, Award Winning Relocation Specialist

Nice summary . Good news for this blog post - http://actvra.in/4hVj  !!!!!!!!

Jul 02, 2014 09:38 PM #3
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Rainmaker
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AJ Heidmann ~ CRS

YOUR Alexandria & Arlington, VA Real Estate Expert
Ready to find or sell your Northern Virginia home? Let's begin!
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