Tag Archives: clarendon

Arlington, VA Market Statistics for March 2010 – 22201

It’s not often I see numbers and hesitate to post them, but I got that feeling when I pulled the  market stats for March 2010 in 22201. The numbers are not a true picture because of the types of properties that sold in March. There were a total of 49 sales, but most of the condos were the older buildings so the values appear to be lower than some truly are. I stress the importance of acknowledging these are just AVERAGES, and not a true market picture.

1 Bedroom Condos
Average Net Sale Price: $331,909 after 32 days
Range: $239,000 – $381,500

1 Bedroom with Den Condos
Average Net Sale Price: $358,638 after 63 days
Range: $302,000 – $426,000

2 Bedroom Condos
Average Net Sale Price: $409,750 after 95 days
Range: $254,000 – $462,500

Single Family Homes
Average Net Sale Price: $870,468 after 100 days
Range: $486,625 – $1,498,000

Notes: there was only 1 townhouse in 22201 sold and therefore it was not used to represent an average. Also, very few of the newer buildings in 22201 had sales in March and therefore the values are lower for condos and represent market averages for the older buildings.

Please call me if you’re looking for a real analysis on your specific property!

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March 2010 Phoenix Sales/Rentals Update

Unit 1015 – a 1 bedroom with den unit (Bank owned)
Sold for a net of $421,950 in 6 days

Unit 1105 – 1 bedroom unit
Rented for $2,200 in 39 days

New Construction in Clarendon

There’s been some building going on the past few months of new properties and looks like that will continue over the next few months as well.

Clarendon 3131 located on 3131 9th Rd N., just a block from the Phoenix has finally released some of their units for sale. The building is small – 14 condo units – all 2 bedroom or 2 bedroom + plus condo units, and 2 townhomes (one on either end of the condos). The boutique building has fewer amenities than The Phoenix so their condo fees are lower.

See the units for sale at Clarendon 3131

Construction that should be starting soon will be that patch on the corner of 3rd St N. and Washington Blvd. The land sold for $942,500 and is permitted for 3 houses to be added to Lyon Park.

New construction and increases in building permits are great indicators of how the market is doing. When things are getting stronger, permits increase. New construction and permits nearly died when we started the recession, so it’s great to see things picking up!

Arlington, VA Real Estate Market Update – 22201 – November 2009

Time for the Arlington, VA 22201 (Courthouse, Clarendon, Lyon Park, Lyon Village) update for November 2009.

As a whole, the sales volume YTD is up 116%, number of units sold is up by 167%, and the days on the market are down 48%. I think much of this was attributed to the tax-credit and initial November 30th close date (especially in the lower price properties). Due to the high number of units sold, we’re at a VERY low level of inventory.

Detached Properties (Houses)

Average Net Sale Price: $840,469 after 64 days on the market
Range: $595,000 – $1,288,000

1 Bedroom Condo

Average Net Sales Price: $301,932 after 15 days on the market
Range: $203,000 – $363,750

1 Bedroom with Den Condo

Average Net Sales Price: $404,625 after 4 days on the market
Range: $335,000 – $500,500

2 Bedroom Condo

Average Net Sale Price: $523,268 after 35 days on the market
Range: $375,000 – $637,500

Townhouse

Average Net Sales Price: $668,575 after 18 days on the market
Range: $514,300 – $785,000

November Rentals at The Phoenix Condo in Clarendon

There was only 1 unit that was rented this month:

Unit 1108: D8, 2 bed/2 bath  (1,300 sq ft) and 2 parking spaces
Rented for $2,900/month after 47 days