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Media Predicts 25% Decrease in Arlington Virginia Home Values? Once in awhile I get so frustrated about the lack of either forthrightness, common sense or expertise demonstrated by various real estate media sources both locally and nationally. A classic example recently came out in this article in BusinessWeek titled Housing Meltdown. It stated that housing prices would come down 25% with some of their sources claiming up to 40%. Nowhere in the article is any strong point for how hyperlocal r... Read Full Post

Short Sales in Northern Virginia.... "What the heck is a short sale?" is a question many buyers, sellers, lenders and REALTORS are trying to figure out these days. It's the wild, wild west of northern virginia real estate or Arlington real estate where any party can just throw up a listing calling it a "short sale" and then make up the rules from there. I was involved with 3 short sale situations today with different clients. So what is the difference between a regular sale and a short sale? ... Read Full Post

The Phoenix at Clarendon Metro Having Issues As I spent 22 years growing up in a swimming pool in Phoenix I've been looking forward to the delivery of The Phoenix condo for awhile. While on vacation in July a soon to be owner in the Phoenix Condo at Clarendon Metro emailed asking me if he should take his condo or walk away from his deposit. Then I got home and another soon to be owner who was scheduled to close the following week called me with the same question. And he had $24,000 on the tab... Read Full Post

There is a lot of talk out there about a buyer's market. I hear the phrase from condo buyers weekly and need to set the record straight. In general, for Arlington VA real estate there is definitely not a buyer's market. However there is a particular price bracket where that is accurate. And on the front end I do want to acknowledge some inspiration for this post from my comrade and blogroll partner at urban trekker who wrote Spotting Trouble in Metro DC Housing. Arlington VA Condos in the Cla... Read Full Post

Real Estate in North Springfield VA & Virginia Homes for Sale It is generally known that the North Springfield VA real estate market has been in transition the past 18 months. How have the Springfield real estate sales fared compared to a year ago and to the rest of Fairfax County. Have home sales increased? Have prices come down? In general the peak of the market for the region was the summer/fall of 2005. Since then buyers and sellers have been negotiating on what the new market value i... Read Full Post

Market Values for Condos in Arlington VA I've noticed in the last 2 weeks the emergence of a new market value for 1 bedroom condos in Arlington VA on the orange line in Clarendon, Ballston & Courthouse. What used to be in the low $400,000s may now be worth in the upper $300,000s. Here are some recent Arlington condo listings--some of them in my favorite buildings such as Continental, Odyssey and 1800 Wilson. What is interesting is that 2 of them are in Odyssey--in my opinion the premier c... Read Full Post

It's common knowledge that the market shifted in the last 18 months. But it's only now that the statistics are verifying some of the price corrections....Many of us on the front lines knew prices in reality were different a long time ago, however this was not being illustrated by the monthly stats as far as the price variable was concerned. Why not? Well the stats on price only reflect sold homes. Thus all the homes that did not sell, rented expired or were withdrawn due to not being able to ... Read Full Post

A new FSBO services page has been added to JustNewListings.com. There are many shortcomings for owners going the route of for sale by owner. If their goal is to retain some control and save some money, a more effective path is a discounted listing. Here are the advantages of discounted Virginia and DC real estate listings versus for sale by owner: MLS--home is listed for buyers to find when they search for phrases such as "northern virginia mls", "annandale virginia real estate", "clarendon c... Read Full Post

Click here to read original version: 1800 Wilson Condo Bomb Hits Arlington VA Real Estate After reading the article feel free to view the current active listings in our area for these "hot searches"--and you'll find the other articles in the overpriced category to be much more humorous and biting so check out the menu bar to the left to access those other posts on overpriced listings: Clarendon Condos 2BR $400,000-650,000 Orange Line Condos 1BR $250,000-480,000 A bomb of sorts just hit the or... Read Full Post

What is the best way to sell an Arlington VA condo? Should one hire a "high powered" listing agent you see in the paper to get the job done for 6%? I think not.... Live and learn! Read Full Post