3110 19TH ST S
ARLINGTON, VA 22204
List Price: $471,000
Prior Sale: $650,000 7/25/2005
Listing Date: 11/27/07
-27.5%
2101 LOWELL ST S
ARLINGTON, VA 22204
List Price: $470,000
Prior Sale: $630,000 3/6/2007
Listing Date: 11/24/07
-25.4%
1311 POLLARD ST
ARLINGTON, VA 22204
List Price: $399,000
Prior Sale: $515,000 1/12/2006
Listing Date: 11/19/07
-22.5%
2004 POLLARD ST
ARLINGTON, VA 22204
List Price: $430,000
Prior Sale: $499,000 3/22/2006
Listing Date: 11/28/07
-13.8%
3715 2ND ST S
ARLINGTON, VA 22204
List Price: $425,000
Prior Sale: $470,000 5/2/2006
Listing Date: 11/19/07
-9.6%
(See "Same-House Sales" sidebar for more)
Friday, November 30, 2007
Arlington County -- On the Market
Posted by Harriet at 6:23 PM
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10 comments:
Again, not sure there is any real evidence of decline in the SFH market walkable to Metro in 22201 and 22203.
"Again, not sure there is any real evidence of decline in the SFH market walkable to Metro in 22201 and 22203."
I have a policy of "do not feed the sock puppets" but I will make an exception here:
Again, there is no evidence that homes in those zip codes priced at 2005 levels are SELLING... list and list at high prices all you want...a trickle of sales at high prices with most listings sitting and stagnating does not equate "a strong market" or "rising prices."
That is all.
If you could show me where in my post I used the words "a strong market" or "rising prices" I would be much obliged.
Or look at 235 North Barton, 3718 North 4th, 215 N. Monroe, etc.
Agree wtih fd. If you have a SFH in Arlington that's walkable to a Metrorail station, you're in good shape.
I still can't believe 3718 4th St. N. went for $795K. 503 N. Nelson St. is under contract for $775K. I think it would have fetched more in 2005. I saw worse go for $800K then (a house on the corner of 5th and Norwood comes to mind). Nothing is selling overnight, however, and a couple of places were taken off the market after not getting their asking price. There are a lot of older folks and government employee types in Ashton Heights and Lyon Park that are looking to cash out.
I don't know. Obviously sales are very slow. What is interesting is that so many of the sellers are, as you say, older government employees and most of the buyers are younger consultants or lawyers. Indicative, I think, of the change in the DC economy and the affordability of the good SFH neighborhoods in Arlington (i.e. only affordable to private sector types as a first house).
503 N. Nelson was pretty small if I recall correctly, and only 2 bathrooms. A shade under 800 sounds about right and would have been about right in the peak of 05 I think (415 N. Nelson and 525 Monroe, both better houses than 503 N. Nelson, went for like 850 or so). But I'm not sure I really disagree with you that much. I wouldn't want to be selling now. Curious what 538 N. Oakland went for. And there is a TINY house on Nelson that they are asking 715 for. At 650, it would be a buy relative to the other housing options at that price.
I own a house walking distance to Ballston and remain baffled by what are to me insane prices on condos. The bulk of the value of my property is, well, the property. The structure itself is worth maybe $150K. So why are these loons paying $500K for a two bedroom condo across the street from me?
@gruntled
They were paying over $600K in 2006. All the 2BRs in Liberty Center were over that price. I wonder how many will actually close. Does anyone know when the bus depot across the street from Liberty Center is slated to close?
I think the WMATA bus yards are supposed to close at the end of next year (2008), and the new stuff won't come in till 2010 or so--but it will be mighty impressive when it does (new campus for DARPA, apartments, huge amount of retail, etc.). Between that and the changes in Buckingham, that corner of the Orange Line corridor should finally round into shape.
"So why are these loons paying $500K for a two bedroom condo across the street from me?"
Tell me about it. Makes no sense to me either. I have a SFH too, close in Alexandria in a nice area.
Why are people paying so much for 2/2 condo's?
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