real estate

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

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.

Here we are: It’s the final Wednesday and final column of July. Say what you want about 2020 (yes, it’s wonky), but time is absolutely flying.

So, what do we have to look forward to for August?

Sure, it can be easy to get down on ourselves and the things we can’t do at the moment, but there is still plenty to do — and do safely — here in Arlington County. August is Family Fun Month and National Picnic Month.

And, with parks and outdoor opportunities galore here in Arlington County, there are plenty of optimal settings to celebrate. Among them, Lacey Woods Park is primed with picnic tables and oodles of shade. Glencarlyn Park is always a hit, too, with its picturesque creek and shelters aplenty.

Here is to a healthy and happy August.

When you’re ready to embark on your next real estate journey, the team at Arlington Realty, Inc. is here for you. Now on to this week’s Just Reduced figures.

As of July 27, there are 158 detached homes, 33 townhouses and 206 condos for sale throughout Arlington County. In total, 32 homes experienced a price reduction in the past week:

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.

Listing of the Day: 6306 30th Street N.

By ARLnow.com Sponsor
1/10

Address: 6306 30th Street N.
Neighborhood: Berkshire/Oakwood
Listed: $1,699,000
Open: Sunday, August 2 from 1-4 p.m.

Over 6,000 square feet of custom designed space in this 5 bedroom, 4.5 bath Craftsman home with gorgeous patio and oversized two car garage. Located in the Nottingham, Williamsburg, Yorktown school district, the home is within walking distance of the three schools.

Enter the home through a deep front porch to an inviting foyer with a home office, traditional living room and dining room. The open kitchen, breakfast area, and family room span the back of the home and open to a grilling deck and the level, fenced rear yard. Tucked off the kitchen is a mudroom area, powder room and laundry room, complete with a laundry chute. The garage has epoxy flooring and a wall system to organize tools, sports equipment and bikes. Best of all, the garage opens directly into the kitchen, making it easy to bring children and packages directly into the home.

Upstairs, the primary bedroom has an adjoining sitting room for exercising, a second home office, or space to relax. There are two walk in closets with organizers and a large bathroom offering a double vanity, large shower and whirlpool tub — so soothing after new regimens of walking, biking and running!

The second bedroom features a whimsical dormered ceiling and a large desk space. The private bathroom has a handy ledge next to the bathtub for products and potions. The third and fourth bedrooms share a hall bathroom with double sink vanity, and each of the bedrooms has a walk-in closet. Gleaming wood floors throughout the upstairs have a fresh, clean appeal.

The walk-out lower level is filled with space and light. The large rec room easily divides into areas for media, play and sports while the fifth bedroom and bathroom are ideal for an in-law, au pair, or distance learning college student. A large bonus room with double windows may be used as a gym, music room, quiet home office, education area or additional space for a  guest.

Doors from the rec room open to the gorgeous flagstone patio, accented by landscape lighting. A great place for catching up and catching fireflies at twilight. A large lawn is equipped with a play set and provides areas for sports and gardening.

Well sited on the sought after 30th Street, the home is blocks from Nottingham Elementary School and its playground, Williamsburg Shopping Center, the large Tuckahoe Park and Playground and the East Falls Church Metro.

A handsome home in pristine move in condition and in an enviable location.

Listed by:
Betsy Twigg
McEnearney Associates
703-967-4391
[email protected]
betsytwigg.com

Ask Eli: The Return of Arlington’s Housing Supply

By ARLnow.com Sponsor

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: Will housing inventory come back to the market after this spring’s big drop?

Answer: If you’re tired of seeing me write about the low housing supply, I don’t blame you, but it’s the most important factor in our housing market and will likely continue to be for the foreseeable future. This week’s analysis digs into just how big the gap in expected vs actual housing inventory was this spring (Coronavirus) and what the future might look like as that inventory (hopefully) rolls back into the market.

20 Years of (mostly) Consistent Housing Inventory

The pace and distribution of new inventory in Arlington has been pretty consistent over the last 20 years. Inventory peaks in the spring, with about 1/3 of new listings hitting the market from March-May and then steadily declines to annual lows during the holidays, with a slight “fall bump.”

Where It All Went Wrong

Like everything else in 2020, housing inventory suffered tremendously during the COVID-19 outbreak and associated lockdowns. In the months prior to COVID-19 (December-February) the number of new listings seemed to be on track to return to, or close to, our 20-year average after a down year in 2019 (due to the Amazon HQ2 announcement). However, from March-June 2020 we ended up down 232 single-family/townhouse listings and 163 condo listings compared to the 20-year average.

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Listing of the Day: 4040 Wilson Boulevard Unit #2101

By ARLnow.com Sponsor
1/9

Address: 4040 Wilson Boulevard Unit #2101
Neighborhood: Arlington (Ballston)
Listed: $3,605 month for Unit #2101
Open: Saturday, July 25 from 10 a.m.-4 p.m.

As Ballston’s tallest apartment building, 4040 Wilson is a place that reflects exactly where you are in life: high ambitions for your lifestyle and high expectations for where you live.

The apartment residences at 4040 Wilson rise above several floors of innovative office and retail space, including VIDA Fitness and award-winning restaurant, The Salt Line. With studio, one and two bedroom apartments starting at 11 floors above it all, prepare for penthouse views at every level.

This light-filled, two bedroom home is a must see — with breathtaking views of Arlington skyline from every room and it’s luxurious, high-end finishes such as quartz countertops and stylish subway tile will not only make your inner interior designer happy, but also make your space more comfortable and easy to live in.

4040 Wilson features stunning living areas and terraces, entertainment spaces that will surprise you and outdoor areas to mix and mingle against a backdrop of spectacular views. This is life at 4040 Wilson.

With limited apartment residences remaining, now is your chance. Move into this apartment home by August 15th to receive up to 1 month free, plus $1,500 or a custom closet experience. *

Schedule a tour of this beautiful two-bedroom today and call this unique apartment residence home.

Listed by:
4040 Wilson
877-203-9153
[email protected]
Live4040Wilson.com

Open Houses in Arlington This Weekend

By ARLnow.com Sponsor

Looking for a home? There are plenty of houses and condos open for viewing this weekend.

Check out the Arlington Realty website for a full list of homes for sale and open houses in Arlington. Here are a few highlights:

2370 N. Taylor Street
5 BD/4 BA, 1 half bath single-family home
Agent: Kw Metro Center
Listed: $1,999,999
Open: Sunday 2-4 p.m.

 

2323 N. Nottingham Street
4 BD/4 BA, 1 half bath single-family home
Agent: Re/Max Allegiance
Listed: $1,549,900
Opent: Sunday 2-4 p.m.

 

1327 N. Lynnbrook Drive
5 BD/3 BA, 2 half bath villa/townhouse
Agent: Kw Metro Center
Listed: $1,199,000
Open: Sunday 2-4 p.m.

 

2004 S. Pollard Street
4 BD/3 BA single-family home
Agent: Long & Foster Real Estate, Inc.
Listed: $975,000
Open: Sunday 1-3 p.m.

 

1300 Crystal Drive #306S
3 BD/2 BA, 1 half bath condo
Agent: Optime Realty
Listed: $875,000
Open: Sunday 2-4 p.m.

 

1200 N. Nash Street #1148
1 BD/1 BA condo
Agent: Compass
Listed: $699,900
Open: Sunday 1-4 p.m.

 

1021 N. Garfield Street #519
1 BD/1 BA condo
Agent: Redfin Corporation
Listed: $534,900
Open: Sunday 1-3 p.m.

Morning Notes

By ARLnow.com

Dorsey’s Union Check ‘Lost in the Mail’ — “The $10,000 donation that cost Metro board member Christian Dorsey his position was returned to the agency’s largest union five months ago, but the check was never cashed — because it was lost in the mail, Dorsey and the union said.” [Washington Post]

Opioid Overdoses Rise in Arlington — “Since the start of the year, nine individuals have recovered from opioid overdoses following the deployment of Nasal Naloxone (also known as Narcan) by responding officers. This comes as the number of police investigated incidents involving opioids begins to rise, with fatal incidents now surpassing those reported in 2019.” [Arlington County]

Crash in Crystal City Last Night — “ACPD on scene of an overturned vehicle and downed tree on Route 1 at 20th Street S. Two people self-extricated from the vehicle, reported to be a black Mercedes.” [Twitter]

Arlington Man Facing Child Porn Charges — “An Internet Crimes Against Children (ICAC) Task Force investigation by federal, state and local agencies has resulted in the arrest of an Arlington man. Detectives arrested Christopher Morse, 51, and charged him with five counts of Possession of Child Pornography.” [Arlington County]

5G Antennas to Be Deployed on Light Poles — Updated at 9:10 a.m. — “We are excited to share that a new 5G streetlight pole prototype is on display in Courthouse (southwest corner of 14th Street North and North Courthouse Road) until Aug. 7. ” [Twitter, Arlington County]

Differing Views on Trail Widenings — “Some who oppose NoVA Parks’ proposed W&OD Trail widening in Arlington, support widening the northern section of the Mt. Vernon Trail. Longtime bicycle activist Allen Muchnick says the proposed Mt. Vernon Trail widening is not really comparable to NoVA Parks’ proposed W&OD widening for multiple reasons.” [Audrey Clement]

Va. Real Estate Market Heating Up — “According to the June 2020 Home Sales Report released by Virginia REALTORS, home sales in most regions of Virginia are rebounding, following spring’s slowdown due to COVID-19. There were 13,176 home sales statewide in June 2020, up 0.5% from a year ago and up nearly 30% over May 2020 sales.” [Press Release]

Flickr pool photo by Cyrus W.

Just Listed in Arlington

By ARLnow.com Sponsor

Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.

Are you accumulating stuff? Extra furniture, kids’ clothes, lamps, things you pick up on the side of the road? Does your garage look like a storage unit instead of a place to keep your car out of the elements?

If so, I’ve got a super useful benefit to all my ARLnow readers this week! The fantastic crew at 123JUNK are offering all of my clients and readers a 10% discount on their services. All you’ve got to do is call and they’ll haul! Use coupon code AREG10 at checkout.

Another great week in Arlington real estate this past week — buyers were out in droves and scooped up an abundance of listed homes, including over 66% of the brand-new inventory for the week.

As we race towards August, a historically slower month for real estate due to beach vacations and school preparations, I’m anticipating a different story this year. As COVID-19 restrictions continue and travel is put on hold, expect a much different market as we wrap up summer 2020.

This past week in Arlington, sellers listed some 113 properties for sale while buyers ratified 80 contracts. 53 of those ratifications were on properties listed since just last week.

There are currently 350 homes for sale in Arlington, 10 more than last week. 128 are detached homes, 33 are townhouses/semi-detached, and 189 are condos. Average days on market (DOM) is 49 and median DOM is 27.

The median list price of currently available properties is $808,057, while the average is $1,004,143. Last year for the same week, sellers listed 56 homes and buyers ratified 61 contracts.

Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.

Listing of the Day: 1024 N. Utah Street #819

By ARLnow.com Sponsor

Address: 1024 N Utah Street #819
Neighborhood: Ballston | Westview at Ballston Metro
Listed: $409,900
Open: Open Virtual Tour

Welcome to unit 819 at Westview Condominium, a gorgeous Alocot model with 743 total square feet of living space including the sunroom.

Beautiful Acacia, hand-scraped hardwood floors were added to the living room in 2015. Sliding glass doors open from the living room to the large sunroom, adding over 100 square feet of four season living space with sunset views.

The kitchen has dark granite counters, soft close light maple cabinets, stainless steel appliances and opens to the living space. The large bedroom has plenty of room for a king sized bed and all of your bedroom furniture and includes a walk-in closet with an Elfa system installed. One parking space, #2070 on P1 conveys.

Westview has an amazing rooftop with tables, grills, a pool and a gym. The first floor has an e-lounge and business center with 2 building entrances. The building is located in the heart of Ballston, just 2 blocks to the Ballston Metro and close to the Ballston Quarter, shops, restaurants, parks and everything that makes Arlington the place to be.

Listed by:
Shawn Battle
Orange Line Condo | Century 21 Redwood Realty
703-999.-8108
[email protected]
OrangeLineCondo.com

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

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.

During a normal year, this would be a particularly exciting time for families on a couple of fronts.

Kids would be gearing up to go back to school. And, some families would be doing everything possible to get settled into a new home before the school year starts.

Well, this is 2020.

Last week, Arlington Public Schools agreed to change the first day of school (to September 8) and will start with a full-time distance learning schedule. So, going “back” to school will be different this year.

Amid the change, we’re still seeing many families looking to settle elsewhere before the school year starts. For some, being quarantined in the same ole residence has gotten old. And, for others, it’s time to embark on a new adventure, pandemic or not.

Regardless of the factors that may be impacting your day-to-day lives here in this wild year, the team at Arlington Realty, Inc. is ready to help you navigate your unique scenario. If and when you’re ready to get rolling on a real estate adventure, we’re here for you through thick and thin.

Now on to this week’s Just Reduced figures.

As of July 20, there are 166 detached homes, 36 townhouses and 196 condos for sale throughout Arlington County. In total, 27 homes experienced a price reduction in the past week:

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.

Listing of the Day: 2712 N. Buchanan Street

By ARLnow.com Sponsor
1/10

Address: 2712 N. Buchanan Street
Neighborhood: Yorktown
Price: $2,100,000

Spectacular custom home with 5 bedrooms and 4.5 bathrooms newly built in 2016 by Tradition Homes. This immaculate home boasts unique and luxurious features from top to bottom.

Instantly upon entry, you are greeted by gleaming, wide-plank hardwood floors, high ceilings and tons of natural light. The open floor plan provides plenty of space for entertaining or relaxation, with gourmet kitchen with Wolf appliances, large center island, adorable breakfast nook, and cozy family room with exposed beams and fireplace. The wide staircase with distinct shiplap walls leads you up to 4 spacious bedrooms and plenty of closet space.

The master suite has gorgeous sunset views, a massive double walk-in closet and relaxing en suite bathroom with marble finishes. There is a recreation room in the basement with space for games and a theater, plus a custom wine closet, additional bedroom and gym or additional bedroom. The fenced in backyard provides a stone patio, green space and mature greenery for privacy. The 2 car garage has custom mudroom built-ins.

Situated on a quiet cul-de-sac, you have space for outdoor play and additional parking. Located less than 5 miles to D.C., this is the ideal location for a quick commute.

Listed by:
Keri Shull
Keri Shull Team
(703) 413-7713
[email protected]
www.kerishull.com

Ask Eli: Impact of New Homes on Housing Prices

By ARLnow.com Sponsor

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: How much of Arlington’s high housing prices are attributed to new homes?

Answer: So far this year, the average sold price of a single-family detached (SFD) home in Arlington is $1,146,000, but if you remove the sales of new homes, which are averaging $1,810,000 in 2020, the average price for a SFD home in Arlington drops 7.4% to $1,060,000. Since 2015, the average price of a new SFD home in Arlington has increased by 21.6%, while the average price of resale homes has increase 25.3%.

Important note: I removed one sale from the 2015-2020 sales data; a January 2020 sale of 409/411 Chain Bridge Road for $45M, because it is such an extreme anomaly in Arlington real estate data that it skews everything else too high. This is important to understand because most likely in other assessments of Arlington real estate data you see, this data point will be included and it will make it seem like the average sale price in Arlington, especially 22207, has increased much more than it actually has.

New Home Prices vs Resale Prices

The charts below compare the annual change in the average price of a new SFD home and a resale SFD home. The first chart shows all Arlington SFD sales and the second chart is just for the 22207 zip code which accounts for 54% of all new SFD home sales since 2015.

I was a little surprised by how uncorrelated average prices were between new and resale homes some years, I would have expected a strong linkage.

One data point that stands out is the huge jump in new home prices from 2017 to 2018, which seems to be tied to a significant drop in the number of transactions (lower supply) in 2018. It highlights just how sensitive the new home market is to supply swings and I wonder if that forecasts less growth in the future as more homes built in the last 5-8 years come up for resale, competing with similar new homes.

I also wonder if a pause in buying by builders in the first half of this year may lead to a material shortage of new homes in 2021 and drive prices up for new homes selling next year.

If you’d like to discuss buying or selling strategies, don’t hesitate to reach out to me at [email protected].

If you’d like a question answered in my weekly column or to set-up an in-person meeting to discuss local real estate, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at (703) 539-2529.

Eli Tucker is a licensed Realtor in Virginia, Washington D.C., and Maryland with RLAH Real Estate, 4040 N. Fairfax Dr. #10C Arlington, VA 22203, (703) 390-9460.

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