Thoughts on the Washington, DC, and Northern Virginia Real Estate Market » orange line condos

North Arlington (Orange Line) Condo Update: August 2010

wethmangroupadmin — Tue, 24 Aug 2010 14:00:30 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of August 12, 2010
Average List Price	$325,231	$504,998
Number of Active Listings	35	56
Average Property DOM(P) – Actives	65	82
SOLD LISTINGS for July 2010
Average Sold Price for Previous Month (does not include seller subsidies)	$366,317	$473,495
Number of Sold Listings in Previous Month	12	19
Average Property DOM(P) – Solds	37	54

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North Arlington (Orange Line) Condo Update: June 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update: March 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
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North Arlington (Orange Line) Condo Update: July 2010

wethmangroupadmin — Tue, 13 Jul 2010 13:29:45 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of July 13, 2010
Average List Price	$321,473	$496,295
Number of Active Listings	56	55
Average Property DOM(P) – Actives	63	72
SOLD LISTINGS for June 2010
Average Sold Price for Previous Month (does not include seller subsidies)	$317,082	$484,392
Number of Sold Listings in Previous Month	25	27
Average Property DOM(P) – Solds	38	38

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North Arlington (Orange Line) Condo Update: April 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update: June 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
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North Arlington (Orange Line) Condo Update: June 2010

wethmangroupadmin — Mon, 21 Jun 2010 15:00:28 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of June 14, 2010
Average List Price	$316,529	$494,299
Number of Active Listings	58	53
Average Property DOM(P) – Actives	60	74
SOLD LISTINGS for May 2010
Average Sold Price for Previous Month (does not include seller subsidies)	$343,589	$493,713
Number of Sold Listings in Previous Month	19	31
Average Property DOM(P) – Solds	32	31

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North Arlington (Orange Line) Condo Update: March 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update: May 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
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North Arlington (Orange Line) Condo Update: May 2010

wethmangroupadmin — Wed, 12 May 2010 15:39:02 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of May 12, 2010
Average List Price	$315,334	$496,847
Number of Active Listings	62	54
Average Property DOM(P) – Actives	50	65
SOLD LISTINGS for March 2010
Average Sold Price for Previous Month (does not include seller subsidies)	$324,027	$480,748
Number of Sold Listings in Previous Month	27	28
Average Property DOM(P) – Solds	57	41

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North Arlington (Orange Line) Condo Update: March 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – February 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – January 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...

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North Arlington (Orange Line) Condo Update: April 2010

wethmangroupadmin — Tue, 13 Apr 2010 19:10:29 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of April 12, 2010
Average List Price	$320,261	$517,925
Number of Active Listings	68	54
Average Property DOM(P) – Actives	42	48
SOLD LISTINGS for March 2010
Average Sold Price for Previous Month (does not include seller subsidies)	$341,516	$413,619
Number of Sold Listings in Previous Month	29	16
Average Property DOM(P) – Solds	35	40

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North Arlington (Orange Line) Condo Update: March 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – January 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – February 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...

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North Arlington (Orange Line) Condo Update: March 2010

wethmangroupadmin — Fri, 12 Mar 2010 16:46:09 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of March 12, 2010
Average List Price	$318,382	$520,363
Number of Active Listings	38	45
Average Property DOM(P) – Actives	63	70
SOLD LISTINGS for February 2010
Average Sold Price for Previous Month (does not include seller subsidies)	$344,085	$462,794
Number of Sold Listings in Previous Month	13	17
Average Property DOM(P) – Solds	46	45

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North Arlington (Orange Line) Condo Update – February 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – January 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – December 2009 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...

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North Arlington (Orange Line) Condo Update – February 2010

wethmangroupadmin — Thu, 18 Feb 2010 14:43:10 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of January 19, 2009
Average List Price	$321,075	$498,073
Number of Active Listings	36	36
Average Property DOM(P) – Actives	71	67
SOLD LISTINGS for December 2009
Average Sold Price for Previous Month (does not include seller subsidies)	$343,712	$420,766
Number of Sold Listings in Previous Month	13	9
Average Property DOM(P) – Solds	27	37

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North Arlington (Orange Line) Condo Update – January 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – December 2009 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – November 2009 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...

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North Arlington (Orange Line) Condo Update – January 2010

Katie Wethman — Tue, 19 Jan 2010 14:54:56 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

Ready to start your search? Sign up for a free first time home buyer class in Arlington (registration required).

	1 BR Units	2BR Units
ACTIVE LISTINGS as of January 19, 2009
Average List Price	$333,468	$519,365
Number of Active Listings	40	34
Average Property DOM(P) – Actives	73	98
SOLD LISTINGS for December 2009
Average Sold Price for Previous Month (does not include seller subsidies)	$331,493	$500,096
Number of Sold Listings in Previous Month	14	11
Average Property DOM(P) – Solds	34	13

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North Arlington (Orange Line) Condo Update – December 2009 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – November 2009 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
Why Are Condos at the Jefferson in Ballston So Cheap? Two words: Retirement Community. The Jefferson is a Sunrise Senior...

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North Arlington (Orange Line) Condo Update – December 2009

Katie Wethman — Fri, 11 Dec 2009 01:08:16 +0000

Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)

Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops.

See market data for all of Arlington.

See more Buyer Resources

See last month’s post on Orange Line Condo prices.

	1 BR Units	2BR Units
ACTIVE LISTINGS as of December 10, 2009
Average List Price	$332,476	$494,322
Number of Active Listings	47	51
Average Property DOM(P) – Actives	59	84
SOLD LISTINGS for December 2009
Average Sold Price for Previous Month (does not include seller subsidies)	$308,299	$503,330
Number of Sold Listings in Previous Month	14	30
Average Property DOM(P) – Solds	14	48

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North Arlington (Orange Line) Condo Update – January 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update: May 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...
North Arlington (Orange Line) Condo Update – February 2010 Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon)...

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Why Are Condos at the Jefferson in Ballston So Cheap?

Katie Wethman — Fri, 13 Nov 2009 22:23:37 +0000

Two words: Retirement Community.

The Jefferson is a Sunrise Senior Living Community. It consists of two high-rise condominium towers within a block of the Ballston Commons Mall and Ballston metro, and as such they get plenty of hits from buyers looking for affordable options along the Orange Line in North Arlington.

So why are these condos so cheap? First, you must be 55 or older to purchase there, and all units come with not only a condo fee (about $100-150/month for a 1BR), but a hefty Service Fee which is mandatory for all residents. Service Fees start at approximately $1925/month for a 1BR and can go up to over $3700 for a 2BR/den and even more for larger units.

But the Service Fees, while high, sure make life more comfortable for the Jefferson’s senior residents: it covers one meal a day in the restaurant-style dining room, weekly housekeeping and linen service, scheduled transportation, lifestyle and leisure activities, exercise and wellness programs, an indoor pool, spa and fitness center, and a host of other items.

Condos are available for sale or for rent (from private owners). There are plenty of units available. At the time of this writing, there were 32 units available, ranging from $115,000 (1br/1 ba) to $649,000 (3br/3ba). Be warned though: financing one of these units for purchase is very tricky. And given the amount of inventory available, selling them in certain markets can be quite tricky as well.

Not a senior but still looking for an affordable option along the orange line?

That’s a tall order, but try Colonial Village, Taft Towers, Adams House, the Circle, Cardinal House, or the Chatham. River Place also remains affordable, but since it’s a co-op on a land lease, I don’t recommend it. (Co-ops are much more common, and not on land leases, in the District, and come with some nice advantages. Read more about condos vs co-ops here.)

For more options, drop me an email or give me a call. I’d be happy to talk to you about pricing and options on condos along the orange line, where I live.

If you’re looking to buy a unit at the Jefferson, contact me. I visited this and many other local communities while searching for a home for my own Mom recently and would be happy to share what I learned on my tours.

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