New 2 Bedroom Available for Rent ASAP

282955077_galleryNow Available!

2 Bedroom, 2 Bathroom
1,120 sq ft
1 Parking Space
$3,000/mo
No pets, No smokers

Contact me for pictures and other information: Laura@TheLJRGroup.com

The Phoenix Condo 2013 Sales – Year to Date

1 Bedroom, 1 Bathroom Units (all came with 1 parking space)

#409, 770 sq ft, storage unit, Sold for $445,000 before it went on the market
#517, 671 sq ft, Sold for $405,000 in 21 days on the market
#609, 770 sq ft, Sold for $440,000 in 4 days on the market
#921, 671, storage unit, Sold for $430,000 in 1 day on the market

1 Bedroom + Den, 1 Bathroom Unit (came with 1 parking space)

#424, 1,051 sq ft, no storage, sold for $500,000 before it went on the market

2 Bedroom, 2 Bathroom Units (all came with 2 parking spaces except #725)

#422, 1,120 sq ft, sold for $600,000 in 16 days on the market
#625, 1,270 sq ft, storage unit, sold for $704,000 in 20 days on the market
#725, 1,270 sq ft, 1 Parking, Sold for $655,000 in 18 days on the market
#1008, 1,313 sq ft, storage unit, sold for $727,500 in 24 days on the market
#1112, 1,088 sq ft, storage unit, sold for $628,000 in 52 days on the market

2 Bedroom + Den, 2 Bathroom Units (came with 2 parking spaces)

#1019, 1,332 sq ft, sold for $767,000 in 29 days

4th Quarter 2012 Phoenix Sales

End of 2012 Sales at The Phoenix Condo

Unit 709
1 Bedroom, 1 Bathroom
770 Sq Ft
1 Parking Space
1 Storage Unit
Sold for $424,900 prior to going on the market

Unit 517
1 Bedroom, 1 Bathroom

671 sq ft
1 Parking Space
Sold for $405,000 in 2 days

Unit 422
2 Bedroom, 2 Bathroom
1,120 sq ft
2 Parking Spaces
Sold for $600,000 in 16 days

Currently Pending
Unit 1112
2 Bedroom, 2 Bathroom

1,088 sq ft
2 Parking Spaces
1 Storage Unit
Listed for $649,000 and sold in 3 days with multiple offers

2012 Arlington Real Estate Market in Review

The numbers are in for annual sales and growth for 2012 for the Arlington real estate market. What a year it was. Historically low interest rates, historically low inventory levels, and a huge demand from buyers lead to some pretty interesting activity and turns in our local market. We’ve now shifted into a sellers market because supply is just not keeping up with demand. Our absorption rate these days is about 2.5 months (absorption rate is the amount of time it would take to sell through current inventory). That’s well into a sellers market (a balanced market is 5-7 months).

2012 Year End Numbers

  • Average Prices: UP 3.01%
  • Median Prices: UP 3.9%
  • Unit Sold: UP 17% (2,788)
  • Days on the market: DOWN 8 (53)
  • Average Sale Price of Original List Price: 97%
  • 37% of all sales in 2012 sold within 10 days of going on the market….that number was 50% within 20 days

October Market Update for Clarendon Real Estate

October was a good month for the Clarendon real estate market. The average sale price increased 4.11% from last year, condos were up almost 3%, and sellers averaged 97.2% of asking price.

The average price of a 1 Bedroom/1 Bathroom condo in Clarendon is now about $425,000 (square footage and other considerations will impact this).

The average price of a 1 Bedroom with Den in Clarendon is now about $500,000.

The average price of a 2 Bedroom, 2 Bathroom is between $590-600,000 for a 1,000 sq ft unit. The bigger the unit, the more that goes up!

For a full review of the Arlington real estate market, click here.

Just Sold At The Phoenix Condo

Unit 315
1 Bedroom + Den, 1 Bathroom
908 sq ft
1 Parking Space
Listed for $489,000
Sold for $484,900 in 11 days*
(This was the 2nd offer on the condo, it originally sold in 4 days but the original buyers financing fell through.)

For more information and pictures, click here.

1 Bedroom Plus Den Now For Sale At The Phoenix

A newly listed unit was just put on the market:

Unit 315
1 Bedroom + Den, 1 Bathroom
908 sq ft
1 Parking Space
Listed for $489,000

For more information and pictures, click here.