So you want to buy a 1 bedroom Condo along the Arlington Orange Line Metro?
July 24th, 2009 Categories: Arlington Dirt, Condos, Home Buying
GREAT NEWS! There are some to choose from! I ran a search this morning to see what the inventory looks like for 1 bedroom condos along the orange![GetMedia[7]](http://thearlingtondirt.com/files/2009/07/getmedia7-small.jpg)
line – 22209 (Rosslyn), 22201 (Courthouse, Clarendon and part of Virginia Square), 22203 (the Rest of Virginia Square and Ballston) and there are 55 active listings for 1 bedroom condos and they range from a unit in Arlington Oaks for $189K (650 square feet) to a $1M unit in Turnberry Towers in Rosslyn at a whopping 1650 square feet!
But for the rest of us in between, the average sale price is between $350–$450K, all depending on the age of the unit, location (e.g., how many steps to metro, restaurants, shopping, etc…), and what other amenities the building offers (fitness center, pool, rooftop deck, etc…)
Here are a few of the great listings currently on the market:
Station Square – Clarendon Metro – $392K – 3 yr old building
Colonial Village – Between Rosslyn/Courthouse Metros – 4 units to choose from ranging from $259K-$289K – a GREAT VALUE
The Atrium – Rosslyn – 5 to choose from ranging from $340K needing updates to $399K renovated with private HUGE patio
Wooster and Mercer – Rosslyn – Modern and sleek – hip urban living – 3 to choose from at $779K – $789K – $799K
Lexington Square – Virginia Square Metro – $335K
Windsor Plaza – Ballston Metro – $324K
The Hartford – Clarendon – $412K
The Phoenix – Clarendon – $514K (1br/den Penthouse level)
The Odyssey – Courthouse Metro – 2 to choose from, 1 at $326K, 1 at $429K
The Continental – Ballston Metro – $362K
The Belvedere – Rosslyn Metro – 2 listings both at $395K
and WAY more………
Interestingly, I pulled data for “sold” units over the last 90 days, 83 units have sold for an AVERAGE of $331K. Also, units are selling at an average of 95% of list price with an average of 1% seller subsidy taking an average of 45 days.
Truly there is something for everyone. So if you’re thinking it might be the right time to jump into the market, remember you only have through November to take advantage of the $8,000 tax credit. Rates are still fairly low and August is a great time to take advantage of a little bit of a slowing in demand! Let’s get out there and get started NOW!
Happy Friday
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