New Unit For Sale at The Phoenix

A new unit was just listed for sale:

Unit 615
1 Bedroom with Den, 1 Bathroom
908 sq ft
1 Parking Space
Listed for $495,000

See more pictures here. 

Unit 310 is now under contract after 5 days

Prices Skyrocket During January in Arlington

Overall, average sale prices were up 9.86% in January over 2011. Undoubtedly fueled by the fact that inventory levels were down 12%, days on the market decreased to an average of 77, while properties were selling on average at 95.4% of the original list price. In January, 122 properties sold, of which 6 were short sales and 7 were bank-owned. Condo prices in January increased over 17%!

Single Family Homes, Detached
N. Arlington Average Net Sale Price: $822,829 after 75 days
Range: $395,000 – $1,650,000
S. Arlington Average Net Sale Price: $493,282 after 138 days
Range: $410,000 – $550,000

Townhomes
N. Arlington Average Net Sale Price: $950,190 after 96 days
Range: $635,000 – $1,700,000
S. Arlington Average Net Sale Price: $364,087 after 45 days
Range: $210,000 – $641,695

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $278,611 after 59 days
Range: $140,000 – $386,000
S. Arlington Average Net Sale Price: $232,398 after 84 days
Range: $94,900 – $346,513

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $610,187 after 36 days
Range: $378,025 – $809,900
Not enough sold in S. Arlington to compute an accurate average

Find Out What Your Arlington Home Is Worth or
Search Arlington Homes For Sale

New 2 Bedroom For Sale

A new 2 bedroom, 2 bathroom unit was just listed for sale at the Phoenix:

Unit 310
2 Bedroom, 2 Bathroom
1,020 sq ft
1 Parking Space

Listed for $564,900

See pictures here. 

International Business Times Interview

I was recently quoted in an article for the International Business Times called “The Hottest US Real Estate Markets: Washington, DC.” Read the full article here:

http://www.ibtimes.com/articles/292621/20120203/hottest-real-estate-markets-washington-dc.htm

Under Contract at the Phoenix

Both units that were listed last week sold within days of hitting the market:

Unit 721
1 Bedroom, 1 Bathroom
671 sq ft
Listed for $406,900
Under contract in 4 days

Unit 1002
2 Bedroom with Den, 2 Bathroom
1,504 sq ft
2 Parking Spaces
Listed for $729,900
Under Contract in 6 days

New Units for Sale At The Phoenix

Unit 721

1 Bedroom, 1 Bathroom
1 Parking Space
671 sq ft

Listed for $406,900
See more pictures here.

Unit 1002

2 Bedroom with Den, 2 Bathroom
2 Parking Spaces
1,504 sq ft

Listed for $729,900
See more pictures here. 

2011 Sales and Rentals Recap at The Phoenix Condo

Rentals

Unit 706, Studio, 568 sq ft, Rented for $1,850 in 27 days
Unit 417, 1 Bedroom, 671 sq ft, Rented for $2,000 in 20 days
Unit 905, 1 Bedroom, 741 sq ft, Rented for $2,375 in 11 days
Unit 716, 2 Bedroom, 1,281 sq ft, Rented for $2,700 in 2 days
Unit 1012, 2 Bedroom, 1,088 sq ft, Rented for $2,700 in 0 days*

Sales

Unit 723, 1 Bedroom, 662 sq ft, Sold for $385,000 in 34 days*
Unit 523, 1 Bedroom, 662 sq ft, Sold for $375,620 in 15 days
Unit 805, 1 Bedroom, 741 sq ft, Sold for $403,000 in 5 days
Unit 705, 1 Bedroom, 741 sq ft, Sold for $395,500 in 17 days
Unit 413, 1 Bedroom, 734 sq ft, Sold for $400,000 in 11 days*
Unit 821, 1 Bedroom, 671 sq ft, Sold for $391,000 in 29 days
Unit 215, 1 Bedroom with Den, 908 sq ft, Sold for $464,000 in 13 days
Unit 415, 1 Bedroom with Den, 908 sq ft, Sold for $475,000 in 1 day
Unit 510, 2 Bedroom, 1,020 sq ft, Sold for $493,500 in 77 days
Unit 916, 2 Bedroom, 1,281 sq ft, Sold for $575,000 in 0 days**
Unit 525, 2 Bedroom, 1,276 sq ft, Sold for $595,000 in 50 days 
Unit 612, 2 Bedroom, 1,088 sq ft, Sold for $578,500 in 28 days
Unit 504, 2 Bedroom, 1,151 sq ft, Sold for $618,000 in 5 days
Unit 1102, 2 Bedroom with Den, 1,504 sq ft, Sold for $715,000 in 10 days

*I sold/rented these units
**Short Sale
Sales in Blue had 2 parking spaces

Recent 2 Bedroom Sale at The Phoenix

Unit 504 sold:

2 Bedroom, 2 Bathroom
1,151 sq ft
1 Parking Space

Sold for $618,000 in 5 days

Update to the Sale of Unit 916

Phoenix residents and owners will be happy to know we have a great new resident in the building who already has pride of ownership! The new owner of Unit 916, the short sale that sold in December, sent me an email this week to update me on good news for other unit owners:

The price reflected in the MLS is INCORRECT.

The actual price paid for this 2 bedroom, 2 bathroom corner unit was in fact $575,000.

I’m not sure why the agent listed a subsidy reflecting a lower price, but she assures me while it would have been nice (who wouldn’t want a bargain!), she did in fact pay full list price for the unit.

Here’s the run-down again:

2 Bedroom, 2 Bathroom
2 Parking Spaces
1,281 sq ft
Sold for $575,000

Recently Rented At The Phoenix Condo

I just rented Unit 1012 before it went on the market

2 Bedroom, 2 Bathroom
1 Parking Space
1,088 sq ft

Rented for $2,700/mo