Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of December 26, there are 108 detached homes, 29 townhouses and 141 condos for sale throughout Arlington County. In total, 6 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
The least expensive condo, single-family home or townhouse sale over the past seven days was $140,000 while the most expensive was $2,800,000.
Over the past month, meanwhile, a total of 11 townhouses were sold. Let’s take a look at some of the most and least expensive townhouses sold over the past month.
“There are currently 383 homes for sale, of those homes 217 are condos, 138 are detached homes, and 28 are townhomes,” according to Homesnap. “The median sales price is $630,000 and the median list price is $749,875.”
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of December 19, there are 111 detached homes, 32 townhouses and 154 condos for sale throughout Arlington County. In total, 12 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
There’s only one weekend left until Christmas and still time to check out a few open houses across Arlington. According to Homesnap, there’s still plenty of detached homes, condos and townhomes available with a median listing price of $699,000.
Here’s a look at some of the open houses taking place this weekend:
1300 Crystal Drive #PH12s, Crystal Gateway*
2 BR, 2 BA (+1 half) condo Noteworthy: By far the best value in National Landing. Priced below assessed value! Listed: $825,000 Open: Sunday, Dec. 18 from 1-3 p.m. (Jon DeHart – Keller Williams McLean/Great Falls / Homes From DeHart)
4950 Little Falls Road
5 BR, 5.5 BA single-family detached Noteworthy: Gas fireplace, exercise room, screened porch Listed: $2,195,000 Open: Sunday, 1-3 p.m. (Steven Watson – KW Metro Center)
5920 35th Street N.
3 BR, 2 BA single-family detached Noteworthy: Hardwood floors, finished basement, two gas fireplaces Listed: $1,100,000 Open: Sunday, 2-4 p.m. (Liz Kirby – Iron Valley Real Estate of Northern Virginia)
1816 N. Ode Street
2 BR, 2.5 BA townhome Noteworthy: Three levels, wood burning fireplace, pull down attic Listed: $899,999 Open: Sunday, 12-1:30 p.m. (Lisa Koch – Weichert Realtors)
5004 12th Street S.
4 BR, 2.5 BA single-family detached Noteworthy: Renovated kitchen, fenced backyard with gazebo Listed: $799,900 Open: Saturday, 1-3 p.m. (Tak Cheung – IMG Realty, LLC)
Here are some other options to consider if you’re in the market to rent or buy:
1020 N. Highland Street #7171
1 BR, 1 BA condo Noteworthy: Balcony, hardwood floors, reserved garage space Listed: $2,300/mo (Mirjana Stanisavljev – Long & Foster Real Estate, Inc.)
1200 S. Arlington Ridge Road #416
Studio, 1 BA condo Noteworthy: New carpet, large windows, renovated bathroom Listed: $1,600/mo (Dillon Clark – RE/MAX Allegiance)
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The least expensive condo, single-family home or townhouse sale over the past seven days was $157,000 while the most expensive was $2,425,000.
Over the past month, meanwhile, a total of 56 single-family homes were sold. Let’s take a look at some of the most and least expensive homes sold over the past month.
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of December 12, there are 113 detached homes, 39 townhouses and 164 condos for sale throughout Arlington County. In total, 29 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
We have a new list of open houses to check out across Arlington this weekend. With Christmas two weeks away, there are plenty of open houses to view. According to Homesnap, there have been 164 new listings in the last 4 weeks.
Here’s a look at some of the open houses taking place this weekend:
1407 N. Inglewood Street, Tara Wynnewood *
2 BR, 2 BA (+1 half) single-family detached Noteworthy: Walk to Cardinal ES, Swanson ES, Westover Village, bikepath, parks Listed: $850,000 Open: Sunday, December 11, from 1 to 4 p.m. (Betsy Twigg – McEnearney Associates)
3308 N. George Mason Drive
5 BR, 5.5 BA single-family detached Noteworthy: Covered front porch, elevator, gas fireplace Listed: $3,279,000 Open: Saturday, 1-3 p.m. (Martha Marquez – William G. Buck & Associates, Inc.)
3898 30th Street N.
4 BR, 3 BA single-family detached Noteworthy: Deck and tree house, elevator Listed: $1,900,000 Open: Sunday, 12-3 p.m. (Carole Schweitzer – Weichert Realtors)
2001 N. Brandywine Street
4 BR, 3.5 BA townhome Noteworthy: End unit, fireplace, fenced backyard Listed: $900,000 Open: Saturday, 1-3 p.m. (Michael Putnam – RE/MAX Executives)
The least expensive condo, single-family home or townhouse sale over the past seven days was $175,000 while the most expensive was $2,882,580.
Over the past month, meanwhile, a total of 94 condos were sold. Let’s take a look at some of the most and least expensive condos sold over the past month.
Construction on an upsized home on N. Dinwiddie Street in Halls Hill (staff photo by Jay Westcott)
In Green Valley, resident Portia Clark says she and her neighbors are bombarded with calls and letters from realtors and potential investors about buying their homes.
“We were once a very stable community of homeowners who bought our homes to live here and pay them off,” she said. That increasingly seems to be changing.
There, as in Halls Hill — also known as High View Park — homes are being changing hands as the older generation passes away and their inheritors decide to sell. Some want to buy in more affordable areas, while others cannot afford to make necessary repairs or take over the mortgages, she said.
“At one time, we were the last affordable neighborhood in Arlington to buy a house in,” said Clark, president of the Green Valley Civic Association. “Investors are buying affordable homes, to tear them down and rebuild or have been building townhomes, condos or homes they are renting out.”
Green Valley and Halls Hill — both historically Black communities — are among a handful of Arlington neighborhoods with higher investment rates, according to a home ownership report published by the county in October. The report analyzed home-ownership market trends and barriers to buying.
The county report looked at the number of home loans for investors versus the total loans lent out for every census tract in Arlington. Pentagon City and Aurora Highlands, Radnor-Fort Myer Heights and Halls Hill had investment rates exceeding 12.5%. Investor purchases made up between 10% and 12.5% of financed purchases in Green Valley and Lyon Park, while other neighborhoods had lower rates of investor interest.
Loans issued to investors in 2021 by neighborhood in Arlington (via Arlington County)
Neighborhoods like Clark’s are have lower owner-occupancy rates and higher rates of property purchased for investment purposes, but overall 86% of Arlingtonians in single-family homes are owners, according to Erika Moore, a spokeswoman for the Dept. of Community Planning, Housing and Development.
Reasons for higher investment rates vary by neighborhood, per the report. The county attributes investment in Pentagon City and Aurora Highlands to Amazon’s HQ2, and investment in Radnor-Fort Myer Heights to interest in the River Place co-op, where an expiring ground lease makes properties more attractive to investors than to individual homebuyers.
When asked if staff had any guesses as to why Halls Hill, Green Valley and Lyon Park attracted more investors, Moore said the data staff collected was unclear.
Realtor Eli Tucker says these neighborhoods all have “pockets” of less expensive properties, typically multifamily homes, and many of the investors in Arlington are builders. That tracks with Arlington’s consistent rate of homes torn down, rebuilt and sold at a premium.
Tear-down and rebuild trends since 2012 (via Arlington County)
In Halls Hill, Green Valley and Lyon Park, the less expensive options include apartments and smaller duplex and townhouse properties, which often have no or low HOA fees. These neighborhoods also attract renters.
“[These] are very good rental locations and properties, but tend to be passed over more by principal buyers,” he said. “They can generate higher return-on-investment for investors than many other locations and property types that generate a lot more competition from principal buyers.”
Owner-occupancy rates by neighborhood (via Arlington County)
As for River Place, Tucker says it attracts investors whereas most cooperatives tend to restrict investors looking for rental income. The ground lease set to expire in 2052 creates two investor-friendly conditions.
First, the timeline means fewer mortgage options, which means buyers must pay with cash, which favors investors. Second, it means unit values are going down, instead of up.
Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!
Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.
As of December 5, there are 121 detached homes, 42 townhouses and 180 condos for sale throughout Arlington County. In total, 29 homes experienced a price reduction in the past week, including:
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.
