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Arlington Housing Market Stayed Strong In 2020 With Prices Up 10.5%

While the Coronavirus pandemic upended life in 2020, it did not impact the Arlington, VA, real estate market as much as expected.

The Arlington County housing market remained strong with the number of homes sold in 2020 remaining steady while the average home sales price increased 10.5 percent compared to 2019.

One notable change was the shift to home buyers moving away from purchasing condominiums and instead to buying townhomes as people looked for more space to accommodate home schooling and home offices.

Now, let’s take a little deeper dive into the 2020 housing market numbers:

Arlington County Home Sales Overall Were Flat In 2020

There were 2,794 homes sold in Arlington in 2020. That’s down just 0.2 percent compared to the 2,799 sold in 2019.

As noted above, while total sales remained about the same, home buyers in Arlington sought more space in 2020 versus 2019 with condominium sales taking the biggest hit:

  • Condo sales were down 8.2 percent.
  • Townhome sales jumped up 21.7 percent.
  • Single-family home sales inched up 0.8 percent.

Arlington, VA, Home Prices Were Up 10.5% In 2020

While home sales were about the same year over year, the average home sales price in Arlington in 2020 was up 10.5 percent to $777,740 versus 2019’s $703,860.

However, there was a wide range of changes compared to a year ago depending on the type of property:

  • Townhome prices jumped 7.9% to $707,213 from $655,332.
  • ingle-family home prices were up 9.9% to $1,188,411 from $1,081,597.
  • Condo prices increased 6.9% to $468,674 from $438,612.

Homes In Arlington Sold 17% Faster In 2020

And homes continued their trend of selling faster year over year, taking an average of just 19 days to sell in 2020 compared to 23 days the previous year, a 17.4 percent decrease.

Arlington remains a strong seller’s market, just as it has for the last few years. And I continue to see homes that are updated, staged to look their best, and ready to move in are receiving multiple offers and price escalation clauses.

The walkability and accessibility throughout Arlington County help explain one reason why individuals and couples alike venture forward with home buying prospects in Arlington, despite the challenges of low inventory, potential bidding wars, and climbing home values.

Other reasons for the Arlington area being in such high demand include:

If you’re looking to buy in the Arlington area see how I can help you buy a home, where you’ll my Home Buyer’s Guide to help orientate you on not just the overall process but also how we can collaborate together!

And, if you are looking to sell your Arlington home check out the five ways I can help you sell.

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What We Call “Home” Is Taking On A New Meaning … And Other Such Thoughts As We Near 2021

As we enter further into a time of year that many refer to as “the holiday season,” my mind swarms with so many thoughts about the state of home buying and selling affairs, not just in our immediate area of Arlington, Virginia, but nationally as well.

Now that the presidential election has ended, and the days of autumn inch closer towards the upcoming winter season, I can’t help but think about all that’s happened in 2020 as well as what awaits us all in the coming new year.

At random, here are some of my various thoughts that come to mind as I reflect on the whirlwind that’s been 2020 and what I hope and see for 2021:
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Celebrating Veterans Day In Arlington, VA

Veterans Day (Wednesday, Nov. 11), honors all veterans who have served in the U.S. Armed Forces. Celebrating Veterans Day in Arlington, VA, this year will be done a little differently because of the Coronavirus pandemic.

Arlington National Cemetery Ceremony Live Stream

The Veterans Day National Ceremony at Arlington National Cemetery — where that beautiful photo above was taken — will include the traditional wreath laying at the Tomb of the Unknown Soldier and multiple speakers.

However, while the cemetery is open to the public, the ceremony this year will be limited to official participants. But you can watch the ceremony from anywhere with this live stream starting at 10:50 a.m.

You can learn more with the 2020 Veterans Day visitor FAQ.

And, while there are no ceremonies planned, Arlington, VA, is also home to other memorials to service members, including:

Women in Military Service for America Memorial

The Women In Military Service For America Memorial (Women’s Memorial) is the only major national memorial that honors the service of America’s women.

The memorial is located in Arlington National Cemetery at Memorial Avenue and Schley Drive, Arlington, VA, 22202.

Air Force Memorial

The Air Force Memorial’s steel spires, which soar 402 feet above sea level, recognize the service and history of the men and women of the U.S. Air Force.

You can visit the Memorial at 1 Air Force Memorial Drive, Arlington, VA, 22204.

U.S. Marine Corps War Memorial

The Marine Corps War Memorial depicts the raising of the American flag at Mount Suribachi by U.S. Marines during World War II’s Battle of Iwo Jima.

Known locally as the “Iwo Jima” memorial, it is the largest cast bronze statue in the world. Plus, it’s a top spot in Arlington to watch the Fourth of July fireworks across the river in D.C.

The memorial is located near Arlington National Cemetery on N. Meade Street in Arlington, VA., 22209, just off Route 50.

Arlington Government Offices Closed

And, since Veterans Day is a holiday, Arlington County government offices, courts, libraries and facilities will be closed. But trash and recycling services will operate on a normal schedule.

Thank You Veterans!

Most importantly, a thank you to our veterans for putting their country before themselves.

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3 Noteworthy Accolades For Arlington County

There are so many reasons to enjoy visiting, working, and living in Arlington County, and it’s clear that others across the nation are also noticing the bounty of our parks, the value of our neighborhoods, and the advanced technology of our area.

Here are 3 noteworthy accolades for Arlington County, VA:

1) “Best Parks in the Nation”

It’s wonderful to learn our county’s beautiful parks have been noticed by the Trust for Public Land ParkScore® index, which has listed them as 4th best in the nation 🌱🍃🌳🌱🍃🌳🌱🍃🌳. The ParkScore® index is the most comprehensive evaluation of park access and quality in the 100 largest U.S. cities.
See the index.

2) “Best Place to Live”

Arlington County gets recognized by Niche.com as one of the “Best Places to Live in America” 🥇🏆👍 Moreover, not one but two Arlington neighborhoods hold No. 2 and No. 3 on the website’s new “best cities to live in the U.S.” list (based on crime, public schools, cost of living, job opportunities, and local amenities).
Get the scoop.

3) “Top Digital County”

Arlington County recently ranked No. 1 for Top Digital Counties, a category from the Center for Digital Government’s 2020 awards! 🖥️📱⌨️💻✊. Most notably, Arlington has, according to Government Technology, “shored up its resiliency, including adding multifactor authentication for staff, transitioning first responder communication to FirstNet, and moving systems like permitting and utility billing services online.” Woot!
Learn more.
Want to live in our amazing county, surrounded by beautiful parks and neighborhoods?
Learn more about how I can help you buy a home in Arlington County and then let’s talk today!

~ Meg

 

Photo credit: Giorgio Trovato via Unsplash

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How To Register And Vote In Arlington, VA

Today is National Voter Registration Day, and we’re only six weeks away from the 2020 General Election. Do you have what you need to cast your ballot in Arlington? If not, here is how to register and vote in Arlington, VA.

3 Ways To Register To Vote in Arlington

If you’re unsure if you’re registered to vote, check your registration status online first. You can also call the Arlington Office of Voter Registration at 703-228-3456.

You do not need to register to vote in Virginia again if you are already registered at your current address. However, if your name or address has changed, you should update your registration to avoid delays when you vote.

1. Register To Vote Online
You can register to vote online here . The deadline to register is Oct. 13.

2. Register To Vote By Mail

You can download a voter registration application, fill it out and return it to:
Office of Voter Registration
2100 Clarendon Blvd, Ste 320
Arlington, VA 22201

Mailed applications must be postmarked by Nov. 3. But, doing it sooner is always better!

3. Register To Vote In Person

Arlington residents may also register in person at the county’s Registrar’s office (2100 Clarendon Blvd, Suite 320, Arlington, VA 22201) by Nov. 3 at 7 p.m.

2 Ways To Vote In Arlington, VA

Once you are registered, then you can vote either by absentee ballot or in person.

1. Vote By Mail
In Virginia, you can vote by mail, but you must request a ballot to do so. You can complete the application for a ballot or download an application. The U.S. Postal Service recommends voters request a ballot as soon as possible but not later than Oct. 19.Your ballot can be returned at a dropbox, in person or by mail. Ballots must be dropped off in person or postmarked by Nov. 3 and received by mail no later than Nov. 6. The U.S. Postal Service recommends voters mail their ballot at least one week prior to the state deadline, by Oct. 27.

You can track your ballot’s status.

If you’re registering or voting by mail don’t wait too long! The U.S. Postal Service sent a warning to the Virginia Secretary of State that deadlines did not allow enough time for mail delivery and could disenfranchise voters.

2. Vote In Person

Of course, you can vote in person in Arlington, VA, either early or on Election Day Nov. 3.

You can vote early in person from Sept. 18 to Oct. 31 at the county’s Courthouse Plaza Early Voting Site at 2200 Clarendon Blvd. Unlike past elections, where you would go into the county office building at Courthouse, this year there is a new voting location in the storefront of the former Wells Fargo Space by Starbucks.

Four other early voting locations will open in Arlington County on Oct. 17 through Oct. 31 at

  • Aurora Hills Community Center, 735 S. 18th St.
  • Langston-Brown Community Center, 2121 N. Culpeper St.
  • Madison Community Center, 3829 N. Stafford St.
  • Walter Reed Community Center, 2909 S. 16th St.

Find early voting hours for all locations here.

Find your polling place here.

You can visit Arlington’s election website for more details.

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This Beautiful Arlington Home Went Under Contract In Just 5 Days!

Our local real estate market, despite tight inventories and challenges presented by COVID19, has continued to stay active and homes for sale in our area don’t last long; many fly off the market in a matter of a few short days!

This summer, I assisted a variety of clients and families in buying or selling their homes in our immediate area but the home featured in this post was a favorite:

5729 8TH ST N, ARLINGTON, VA, 22205

This beautiful 4BR/3.5BA home in Arlington went under contract in 5 days!

This Arlington Virginia home Located on a quiet cul-de-sac just a few steps from the W&OD bike trail

I am so happy for my clients, Julia and Mike 🥰, and wish them much success.

Do you have an Arlington, Virginia, home for sale?

Or are you looking to buy a home in the Clarendon, Cherrydale, Lyon Village, Maywood, Westover, or Yorktown neighborhoods?

In either case, whether you’re looking to buy a home or sell a home in Arlington, VA, I can help!

Please call me at (703) 447-0970 or send me an email at Meg@MegRoss.com with any questions you may have about buying or selling in our beautiful area.

Until next time,

~ Meg

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7 Inspirational Quotes About Home Sweet Home Curated from my Instagram Feed

As an inspirational tribute to what “home sweet home” means to most of us, especially during a time where people are flocking in droves towards the real estate market due to low mortgage rates, plus also staying home due to the coronavirus pandemic, I’ve curated the following visual home-themed quotes from my social media channels to help remind us why the concept of home means so much to us all.

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

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View this post on Instagram

 

A post shared by Meg Ross Arlington VA Realtor (@meg_ross_arlingtonvaagent) on

Stay safe

I hope you and yours continue to be safe and stay healthy as we work to get through the COVID-19 pandemic.

Also, if you’re someone in need of help with Arlington’s real estate market or looking for a home to buy or sell in the Arlington area, please contact me for support and personalized assistance.

Lastly, I hope you enjoyed these home-themed inspirational quotes (designed by our own @mayra_ruiz_mcpherson).

Let’s connect on Instagram!

To get more visual content (like the quote posts shared above!) with a strong, Arlington County-focus then please follow me on Instagram via @meg_ross_arlingtonvaagent.

Thank you and enjoy!

Featured photo credit: Dru Bloomfield

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Arlington, VA, housing market remains healthy with prices up but less homes for sale

The question I am asked the most recently: How has the coronavirus pandemic impacted the local real estate market? The answer is that the Arlington, VA, housing market remains healthy with prices up but less homes for sale in April. While it has slowed, people are still continuing to buy and sell homes.

Number Of Homes For Sale Down 18%

Compared to April 2019 the number of homes coming on the market and going under contract in Arlington in April 2020 is down:
* Homes listed for sale fell 18% (279 vs 341).
* Homes under contract tumbled 35% (191 vs 294).

There were 38 homes that were pulled off the market by sellers in April. That’s more than three times the 11 homes withdrawn a year earlier. This is not surprising since April was the first full month of living under stay-at-home orders and many sellers were uncomfortable putting their homes up for sale.

Arlington Home Prices Up 5.7% In April

While there were less homes for sale, the average year-over-year home sales price in Arlington in April was up 5.7% to $762,322. However, there was a wide range of changes compared to a year ago depending on the type of property:

  • Townhome prices jumped 11% to $661,281.
  • Single-family home prices increased 6% to $1,099,989.
  • Condominium prices were up 1% to $505,395.

Strong Seller’s Market Continues

With the number of homes for sale declining, Arlington (and all of Northern Virginia and the DMV) remains a strong seller’s market, just as it has for the last year or two. I continue to see many homes for sale receiving multiple offers and price escalation clauses.

For example, my recent sale of this charming 3-bedroom, 2-bath home in Alexandria received 6 offers and went under contract in just 5 days for $18,000 over list price.

However, if the initial steps to re-open the economy do not cause a new surge in COVID-19 cases, we could see sellers who pulled out of the market feel more comfortable with listing their homes and an increase in the number homes for sale before Labor Day.

Selling And Buying Safely

I have changed and adapted my real estate practices in the face of the coronavirus crisis to make any home sale or purchase as safe as possible, including using:

  • Virtual meetings
  • Social distancing
  • Live video walkthroughs
  • 3D virtual tours
  • Remote or drive-through closings

See details about how the process has changed and how I can help you safely sell your home or safely buy a home you’ll love.

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Thoughts About Coronavirus, Home Buying and Home Selling in Arlington, Virginia

As I write this post, my thoughts are with everyone in Arlington County and throughout our country – as we all grapple with the uncertainty, stress, and worry that Coronavirus has brought into our worlds.

We don’t know how long this will go on.

But we do know that this is a moment that will change almost everything. So I am trying to figure out how to change with it as a way to continue to help my clients.

It is my sincere hope you and your loved ones are safe, healthy, and hunkering down as we all work together to get through this era of #QuarantineLife and social distancing.

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5 Tips For Buying A Home In Arlington, VA’s, Seller’s Market

If you are looking to buy a home in Arlington, you are competing in the hottest seller’s market in the country, according to Realtor.com and the Wall Street Journal (subscription required).

Why is the Arlington, VA, housing market so challenging for homebuyers? There were 18 percent fewer homes for sale in January versus a year ago. There are a number of reasons why there are more buyers than sellers, including:

  • The effect of the new Amazon headquarters (HQ2).
  • Continuing low interest rates on mortgages.
  • One of the lowest unemployment rates in the country.
  • Homeowners are staying in their homes longer.

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