Arlington Real Estate Market Conditions & Reports, Arlington Market Trends, Virginia

Market Commentary Provided by Maggie DelGallo
There are many properties known as Short Sales on the market. There are many things that can go wrong with a short sale. For example, mortgage holders often lose money through a foreclosure but many times there may have been private mortgage insurance on the loan and the mortgage holders may go ahead with the foreclosure since it won’t be as much of a loss. Many short sales on in our market have 2 mortgage holders (one is typically the home-equity line of credit) and this lender can kill the sale if they don’t feel that they are getting enough out of the transaction. In my opinion and experience, if you are looking for deals and don’t want to waste your time, go for the foreclosures that are already owned by the bank.

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Maggie DelGallo
#1 Home Buyer's GUARDIAN Metro Realty
Reston, Virginia
703-932-7718
maggie@sellingvahomes.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Average Home Price

$375,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 10-15%

Prices As % of Asking Price

85-90%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Arlington is

Seller Activity for the past 90 days in Arlington is

Is Financing Available For Qualified Buyers in Arlington?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Arlington, Alexandria, Fairfax

Reason to Buy/Sell

Other

Average Sold Price

$375,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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