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Real Estate News in Arlington - July 21st, 2016
06/2016 Market Statistic Data from MRIS = Metropolitan Regional Information System -
Arlington County: average detached = single family home sold price: $ 980.690 = +4.97 % increase YOY = Year Over Year.
Arlington County: average town home = attached home sold price: $ 455,188 = -8.52 % decrease YOY.
Arlington County: average condo sold price: $ 408,040 = -10.17 % decrease YOY.
Days on Market: 37 vs. 42 a year ago = -11.90 % decrease.
Average Sold Price to Original List Price: 98.4 % vs. 97.9 % a year ago = +0.49 % increase.
Most homes sold in less than 10 days on market.
43 cash buyers, 236 conventional loans, 11 FHA loans, 32 VA loans.
Inventory: 656 active listings vs. 697 a year ago = -5.88 % decrease.
Pendings = Properties Under Contract: 398 vs. 401 = 0.75 % decrease.
PLEASE know: Arlington zip codes along the Orange Metro line are most desirable and most expensive. Please copy and paste link below in your browser to see detailed report for Arlington.
http://184.106.219.108/report/mls/1/drp?action=pdf&uid=14064744124996&sid=9c6000a7-c4c8-53f9-762b-53d518e73562&agg_type=MONTHLY&f_id=1000&loc_type=4&loc_id=51013&time_period=201606

News for Arlington, VA - October 15th, 2015 12:01pm
09/2015 Market Statistic Data from MRIS = Metropolitan Regional Information System
Arlington County: average detached = single family home sold price: $ 858,942 = +1.64 % increase YOY = Year Over Year.
Arlington County: average town home = attached home sold price: $ 485,016 = +1.90 % increase YOY.
Arlington County: average condo sold price: $ 421,379 = +2.12 % increase YOY.
Days on Market: 53 vs. 44 a year ago = +20.45 % increase
Average Sold Price to Original List Price: 96.8 % vs. 97.4 % a year ago =-0.71 % decrease.
Most homes sold in less than 10 days on market.
30 cash buyers, 197 conventional loans, 11 FHA loans, 12 VA loans
Inventory: 685 active listings vs. 655 a year ago = +4.58 % increase
Pendings = Properties Under Contract: 280 vs. 271 = +4.58 % increase
PLEASE know: Arlington zip codes along the Orange Metro line are most desirable and most expensive.

http://184.106.219.108/report/mls/1/drp?action=pdf&uid=14064744124996&sid=9c6000a7-c4c8-53f9-762b-53d518e73562&agg_type=MONTHLY&f_id=1000&loc_type=4&loc_id=51013&time_period=201509

News for Arlington, VA - March 20th, 2015 4:47pm
02/2015 Market Statistic Data from MRIS = Metropolitan Regional Information System

Arlington County: average detached = single family home sold price: $ 920,279 = 12.62 % increase YOY = Year Over Year.
Arlington County: average town home = attached home sold price: $ 465,544 = 2.95 % decrease YOY.
Arlington County: average condo sold price in 2/2015: $ 404,103 = 6.05 % decrease.
Days on Market: 63 vs. 50 a year ago = 26 % increase
Average Sold Price to Original List Price: 96.9 % vs. 97.8 % a year ago = 0.93 % decrease
Most homes sold in less than 10 days on market.
21 cash buyers, 106 conventional loans, 7 FHA loans, 10 VA loans
Inventory: 461 active listings vs. 374 a year ago = 23.26 % increase
Pendings = Properties Under Contract: 271 vs. 225 = 20.44 % increase

PLEASE know: Arlington zip codes along the Orange Metro line are most desirable and most expensive. Please copy and paste link below in your browser to see detailed report for Arlington County

http://184.106.219.108/report/mls/1/drp?action=pdf&agg_type=MONTHLY&f_id=1000&loc_type=4&loc_id=51013&time_period=201502

News for Arlington, VA - October 27th, 2014 8:27am
Arlington average detached = single family home sold price: $ 845,077 = 0.09 % increase YOY. Arlington average town home = attached home sold price: $ 475,957 = 4.64 % decrease YOY. Arlington average condo sold price: $ 480,147 = 14.06 % decrease YOY. PLEASE know: Arlington zip codes along the Orange Metro line are most desirable and most expensive. Please copy and paste link below in your browser to see detailed report for Arlington County, prepared 10/2014

http://184.106.219.108/report/mls/1/drp?action=pdf&agg_type=MONTHLY&f_id=1000&loc_type=4&loc_id=51013&time_period=201409
National Market Conditions
2017 1st Quarter Market Report: Home Sales Start Strong in 2017

The 1st quarter of 2017 ended on a strong note with March existing home sales reaching its highest pace in 10 years despite low inventories of homes for sale.

The most notable change in the 1st quarter was another huge increase in markets where there were more buyers than sellers resulting in quick sales and low inventory. Our survey showed that in 73% of the markets surveyed there were more buyers than sellers, an increase of 15% over the 4rd quarter and an increase of 13% over the 1st quarter of 2016. Additionally, 80% of our markets survey showed a tight supply of homes, an increase of 10% over last quarter and 13% over last year. Home prices are also on the rise with 92% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were up 5.9% over last year; inventory of unsold homes is at a 3.8 month supply and 48% of all homes sold in under one month. That is a strong sellers market.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in both buyer and seller activity is up slightly in the 1st quarter of 2017 compared to the previous quarter. Buyer activity increased in 74% of the markets surveyed and decreased in 14% of the markets surveyed indicating a significant 8% increase since the 4th quarter o f 2016 and a 1% decline in activity from Spring 2016. Simultaneously, the trend for seller activity continued to increase in the 1st quarter with 45% of the markets indicating increased seller activity compared to 42% of the markets in the 4th quarter of 2016 and 40% of the markets this time last year. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly.

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Summer 2017 Market Update
If you can qualify for a mortgage, now is a great time to buy a home in Arlington County. Interest rates are still low which makes a home purchase a great opportunity especially when considering the tax advantage a home owner might have. Interest rates are supposed to rise in 2016. Financing is still tight, best rates are available with a credit score of 740+. Why rent when you can buy for similar monthly payments? Call the local real estate expert Martina Burns now for more information at 703-650-8533 or toll free at 866-361-6655
Average Sold Home Price: $1,200,000

Average Time on Market: 30-60 days

Best Selling Price Range: $1,000,000+

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More sellers than buyers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

Multiple Offers Commentary: Fast offers = < 10 days on market are common in prime locations for up-dated, mint, move-in condition homes, preferably along orange Metro line.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Housing Inventory Comments: 06/2016 Market Statistic Data from MRIS = Metropolitan Regional Information System - Arlington County: average detached = single family home sold price: $ 980.690 = +4.97 % increase YOY = Year Over Year. Arlington County: average town home = attached home sold price: $ 455,188 = -8.52 % decrease YOY. Arlington County: average condo sold price: $ 408,040 = -10.17 % decrease YOY. Days on Market: 37 vs. 42 a year ago = -11.90 % decrease. Average Sold Price to Original List Price: 98.4 % vs. 97.9 % a year ago = +0.49 % increase. Most homes sold in less than 10 days on market. 43 cash buyers, 236 conventional loans, 11 FHA loans, 32 VA loans. Inventory: 656 active listings vs. 697 a year ago = -5.88 % decrease. Pendings = Properties Under Contract: 398 vs. 401 = 0.75 % decrease. PLEASE know: Arlington zip codes along the Orange Metro line are most desirable and most expensive. http://184.106.219.108/report/mls/1/drp?action=pdf&uid=14064744124996&sid=9c6000a7-c4c8-53f9-762b-53d518e73562&agg_type=MONTHLY&f_id=1000&loc_type=4&loc_id=51013&time_period=201606 PLEASE know: Arlington zip codes along the Orange Metro line are most desirable and most expensive. $$ numbers below are for Single Family Homes, the graphs include town homes and condos as well

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Good economic news

Nearest Metro Area: Washington

Housing Hot Spots: Most zip codes within the Arlington County area are considered �Housing Hotspots�

Average Sold Home Price: $1,200,000

Contact Information
Martina Burns RE/MAX
703-650-8533
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15 year fixed rate: 3.85%
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Real Estate Professional, Martina Burns  RE/MAX Martina Burns RE/MAX
RE/MAX Allegiance
Specializing in Arlington Real Estate
6084-A Franconia Road
Alexandria, Virginia 22310
703-650-8533
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(Because current market conditions can change rapidly in any given marketplace,
please check with Martina Burns RE/MAX for current Arlington, VA market conditions before acting on this information.)
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