While the numbers below show a dip in the average sold price from the previous month, the average sold price is actually up approximately $70,000 since the beginning of this year! You'll also notice the average days on the market have significantly dropped as our supply tightens and demand continues to grow. New homes are hot right now, filling in the gap for the short supply of resale inventory.
I want you to remember that interest rates are still very low, which helped stimulate our economy and the housing industry to spur the recovery from the bubble burst. It's great to see we're bouncing back and if you're thinking of selling or moving, now may be a great time for you.
If there is one thing that Washington, D.C. knows how to do better than any other city in this country, it is celebrating America.
With this Thursday being the birthday of our nation, the town takes it to a whole new level with numerous festive celebrations, all of which are wonderful ways to partake in Fourth of July fun.
Any proper celebration of America should involve its beloved pastime. This year the Washington Nationals are making attending a baseball game on the Fourth of July much easier. The past several years have been blisteringly hot in Washington, D.C. over the holiday. This year the temperature isn’t expected to soar nearly as much, making it easy to go out and support Washington's
In less than a week, the country’s biggest block party will come to a close. If you haven't heard about, it’s been going on ever since this Wednesday. But right now, the streets of New Orleans have been closed, and will be for six more days, as the city puts on what may be America’s wildest week.
That’s right, it’s Mardi Gras. The festivities began much earlier than usual this year, with Fat Tuesday coming in early February. That’s the final day of celebration, and this year is February 12th. Fat Tuesday celebrates the last day before the solemn season of Lent, and is the actual day of Mardi Gras. But ever since the city of New Orleans threw its first parade back in 1857, the parties
Have you heard about the law of supply and demand? Buyers want homes that are priced right and look good. When a home like that comes on the market, it is likely going under contract in less than 60 days. Supply is decreasing and with demand growing, homes coming on the market now are priced a little higher than they were last year.
If you felt you were underwater on your home loan (meaning owing more on your mortgage than what you think your home is worth if you sold it) you owe it to yourself to find out the present value of your home. You may be surprised. Your home might be worth more than you think. Is now a good time to be a seller? Absolutely!
Modern technology has made a lot of our favorite activities seem arduous, inconvenient and sometimes even a bit absurd. Why write a letter when an email will suffice? Why head to a sporting event when the experience is just as good on TV?
One of those quaint notions that has been struggling in the face of convenience recently is going to the movies. Tickets are expensive. The seats are uncomfortable. You need to arrive early, lest you get stuck in the front of the theater, straining your neck to see the screen. Often, it’s easier to wait until a movie comes out on DVD or on-demand where you can watch it in the comfort of your own home, on a nice TV, in your favorite chair.
With sales and
Almost the entire Washington, D.C. metro area is undergoing tremendous growth. From the bourgeoning Bethesda scene to Merrifield’s new Mosaic District, new spots in and around this city are plentiful. And there’s one neighborhood that is really experiencing the benefits of this boom, opening some of the neatest spots in the city, although you rarely read or hear about them.
In South Arlington, the stretch of Columbia Pike that runs from Glebe Road all the way to the Pentagon, high-end cocktail bars are opening next door to bustling Mexican restaurants that are down the street from rustic taverns.
This influx of restaurants, shops and bars has been relatively rapid, with numerous places
County Fairs harken back to a quainter time in our country’s history. Events like vegetable-growing, pie-eating and pig-catching contests all seem out of place in the hustle and bustle of the 21st century.
And the last place you’d expect to see one of these traditions reviewed is in our teeming metropolis.
But this weekend, on the outskirts of Washington, D.C. a big, the Arlington County Fair kicks off, with all the trappings you’d expect, from funnel cakes to Tilt-a-Whirls to pony rides.
Straddling the divide between North and South Arlington, about a quarter-mile from the intersection of Route 50 and Glebe Road, resides the Thomas Jefferson Community Center. Typically, the Arlington
The statistics below show that the Arlington market continues to improve. The average sold price in Arlington County has increased by $115,402.00 since I last wrote in March. Because prices are increasing and interest rates on loans to purchase continue to be at an all-time low, people appear to be listening and are buying.
Remember, these statistics are based on detached, semi-detached, town homes, condominiums and coops in all of Arlington County. Regardless of what area you choose to live in - prices are on the rise and days on the market have decreased.
If you're listening to the news, they are saying our market bottomed out last year. While some would say this is considered an ascending
This weekend the biggest party in America kicks off, a once local tradition that is now a nationwide event. That’s right, Saturday marks the start of Mardi Gras, and over the weekend and a few days afterward, Washington, D.C. and everyone in it will be celebrating. There will be food, festivities and fun, as well as ample events for everyone to feel like they are cruising through the Big Easy.
As the old saying goes, “real estate is local.” This certainly holds true as we listen to the evening news and read about the market conditions throughout the country.
Most of the major markets are still suffering the effects of the downturn in the economy fueled by the unprecedented number of foreclosures and short sales.