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Tuesday, April 13, 2021

Real Estate

Sellers cashing in on accumulated equity

Home-sellers nationally are taking away a median $66,000 in equity from their homes, after holding onto their property for a median 10 years, according to the National Association of Realtors’ 20201 “Home Buyers and Sellers Generational Trends” report. That median...

Another residential building could become hotel for a time

Arlington County Board members next month are expected to allow another developer to temporarily convert apartment space to hotel use. The developer of the 809-unit property at 1555 Wilson Blvd. is asking permission to use 100 of the residential units...

Updated: N.Va. homes market shows ongoing strength

Who’d have thought, pre-pandemic, that the Northern Virginia real-estate market not only would have withstood COVID, but prospered in an era of economic uncertainty?

Home sales up, up, up in new Arlington data

Average sales prices were down in the single-family and condominium categories, but sales were way – make that waaaaaaaaaaayyy – up in February, leading to a 52-percent year-over-year increase in total sales volume for Arlington’s residential-real estate market. Sales for...

Per-square-foot home prices decline slightly

Despite a slight decline, home-sellers in Arlington County continue to receive the largest price, on a square-footage basis, among the large Northern Virginia jurisdictions. For the first two months of 2021, the median per-square-foot cost of residential real estate sold...

Regional home sales strong, but headwinds grow

Despite the rising twin headwinds of affordability and inventory, the D.C. region’s homes market continued to show strength in February, with year-over-year sales and prices in positive territory. A total of 3,952 properties went to closing across the region in...

Millennials changing face of home-buying experience

Compared to generations that came before, Millennials could change the way Americans shop for and buy houses. A new survey finds many Millennials (roughly ages 27 to 41) are comfortable purchasing their biggest financial asset online. A total of 39 percent...

Planning Commission tackles Courthouse project tonight

Arlington Planning Commission members tonight are expected to render a recommendation on a major redevelopment plan in the Courthouse area. A developer has proposed razing most of a nearly one-acre lot surrounded by Wilson Boulevard, North Courthouse Road and 15th...

Rouse estate another step closer to wrecking ball

Plans by the trust that owns the Rouse estate on Wilson Boulevard to raze the buildings to the ground moved another step closer late last week, as the Arlington County government authorized the final permit needed for construction activity...

Real-estate growth still focused on outlying areas

Construction of single-family homes continued to overperform in suburbs, exurbs and rural communities while lagging in larger urban areas, according to new fourth-quarter-2020 data from the National Association of Home Builders (NAHB). The trend is a direct result of the...
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Arlington teachers win Wolf Trap grants

Two Arlington Public Schools teachers have received grants from the Wolf Trap Foundation for the Performing Arts to fund...
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