01-25-09 Shirlington Village = Market Snapshot

There have been no SOLD properties of record this year for Shirlington Village, so let's talk about what's available. I have data on 2 units that are available for purchase. There is a one bedroom 2 bathroom with over 1000 square feet that his been on the market for over 150 days. Then there is a one bedroom one bathroom model that has been on the market for just about as long, save a few days. Both are located on the seventh floor.

While there has been 1 property rented this month. It was a 2 bedroom 2 bathroom model that rented for $2,200/month, when asking $2,300. There are two times as many AVAILABLE RENTALS compared to the available sales. So a total of 4 that are available to rent. See the data below, it's a smattering of unit styles. You will notice some similar addresses because the two above that are available for PURCHASE are also available for RENT. In addition to those there are 2 other homes for rent, one on the tenth floor, and one on the eighth floor.

(Data from MRIS)

November Recap for Shirlington Village

Harris Teeter is still staying strong. They're opening up a bunch of other locations across the region very soon. Why do I mention it. Well, there's not much to talk about in real estate transactions in 2720 Arlington Mill Drive, south for November.

There were 0, yes zero, sales for November 08. So I can't reference particular models selling better, or being more appealing. I can't talk about average days on market. I can't even talk about sold price to list price ratios. Because there were not SOLD properties for November.

There was one property that rented in November. It was a 2 bedroom model. It rented for $2,299/month. The property was on the market for 54 days. That is the high, low, and average days on market for rentals this month.

Let's hope that a holiday present this year is a little more real estate action!

(data from MRIS)

Still no SOLD properties

All last month there were no sold properties. That means a Zero (0) for October. There were similarly Zero (0) in September, and Zero (0) in August. The last SOLD property in the building is shown as closing July 28th.

Right now there are 5 properties available for sale, and another 5 available for rent. One of which is listed both for sale and rent.

Sellers/Owners look for answers. At any given price something will happen, it's possible that many are not willing to go to that price. November and December, historically, are not known for an improvement in sales. We will see how 2008 closes out.

There is always the dog park!

(data from MRIS)

For Rent = Special Price Special Offer

Click Here for -> Tons of Pictures!

Great Shirlington Home. Move-in before the end of the month, and get $100 towards your groceries at Harris Teeter right next door!

For more information or to schedule a showing:

Jeff Wu
Weichert, Realtors
703-938-6070 x198
240-994-7938
Office in Vienna
licensed in Maryland and Virginia
Jeff@AgentKnowsHomes.com
Equal Housing Opportunity

3rd Quarter Sales Summary - Shirlington Village

There were 2 of home sold in Shirlington Village (2720 Arlington Mill Dr, S) in the 3rd quarter of 2008.

ZERO One Bedrooms

2 Two Bedrooms
- Average Sold Price = $482,000
- Average Subsidy = $5618.50
- Models SQFT = 1137 + 1153

The 3rd Quarter had an Decrease in sales compared to the 3 (all one bedrooms) total sold homes in the 2nd Quarter of 2008.

For more information and statistics:
http://ShirlingtonVillage.AgentKnowsHomes.com

(data from MRIS)

Attempted Sales to Rentals

Nothing has SOLD in the building (*based on MRIS data, as are all other data points mentioned in this blog post) since the end of July. There is nothing under contract as well. On the norm it takes 30-60 days on the norm to get from contract to settlement. So at this rate there will be no SOLD properties, even if one of those listed gets a contract tomorrow, until November or December.
And this time of year isn't really known for the pick up in real estate sales. That independant of itself would be enough to make sellers get the serious face, but then we also have everything that's happening on the news.
So what's going to happen?!
Well no one knows. And anyone who says they do is full of baloney. I haven't met anyone who can predict the future yet.
I do know what is happening right now, and what tends to happen, when sellers can't sell. Those properties become rentals.
#512 + #715 have bothe been listed for sale. They are still listed for sale. However, they are also now recently listed for rent.
While #811, which was listed for sale for 59 days, is no longer available to buy. Yet it is fresh on the market to rent.
Shirlington is still a great place to live (and play!). That's a fact. But here as well as anywhere else, when sellers can't sell they try to rent.

Shirlington Village September Real Estate Closed Data

Will this trendy area be able to withstand the seasonal drop off of real estate transactions?

See the September statistics below:

ZERO homes SOLD in September at Shirlington Village

One that's available now = http://picasaweb.google.com/AgentKnows/ShirlingtonVillageLoftCondoForSale#

ZERO homes RENTED in the month of September

One that's available now = http://picasaweb.google.com/AgentKnows/2720ArlingtonMillDrS2BedroomForRENT#

CLICK HERE --> For more Stats and Downloadable Shirlington Village information

Information gathered from the MRIS. Information is deemed reliable, but not accurate.