Here's a snapshot of what's going on in the real estate market in Arlington VA as of April 28, 2010. The median price of homes sold increased sharply after March and at the same time the average number of days on the market decreased. This is a strong indicator that the market is recovering. As we approach the end of the first-time homebuyer's tax credit, we'll see if this is a trend or if this is capturing sales that would have occurred in June anyway.
Will NesbittWill Nesbitt is the principal broker of Condo Alexandria.
The real estate market in Alexandria VA is showing signs of recovery in Alexandria VA. As the graph shows the average days on the market is going down and at the same time the prices are going up.
The Lyon Park Woman's Club was established in 1925 and historically functioned like a traditional woman's club, supporting various charities. Currently, its a neighborhood societal club and members engage in activities that support the Lyon Park Community Center. The Woman's Club sponsors several community events. For example, the club held a fresh produce sale around Thanksgiving.
LPWC sponsors the annual Lyon Park Yard Sale, and has had several very successful bake sales. For information about the Woman's Club and it's activities check here.
They Lyon Park Woman's Club meets together socially and engages in activities supporting the Lyon Park Community Center and Park. It has held a fresh produce sale around Thanksgiving, sponsors the annual Lyon Park Yard Sale, and has had several very successful bake sales. For information about the Woman's Club or its activities, contact Jeannette Wick (email: newsedads (at) lyonparkcitizens.org, phone 703-524-8531).
Although its name implies the group is for women, men are also welcome. And some members live outside Lyon Park, making the Woman's Club a way for nonresidents who have an interest in the Community Center and Park to get involved. Pot-luck lunch meetings are scheduled on the 4th Tuesday of each month at noon, from September to May.
The Lyon Park neighborhood has three parks within its boundaries. The Lyon Park parkground is located on North Pershing Drive between North Fillmore and North Garfield Streets. The community has supported the Park as a small children's playground and has maintained its charming character as such. The park is designated as dog-free.
The Park and the Community House are also host to a number of community-oriented entertainment events during the year, which help to give Lyon Park its distinctive feel as a cohesive neighborhood. Clay Park, located within Lyon Park on N. 7th Street between North Highland and North Garfield Streets, is owned and maintained by the County. It has a gazebo, a school-age playground, and an outdoor basketball court. Fillmore Park is located off North Fillmore Street between the Long Branch Elementary School and the County bike path and is also a County park. It has picnic tables, a school-age playground, and a youth baseball field.
Canal bridge at River Towers
The canal at River Towers is one of the many reasons I love this little gem tucked between Mt. Vernon District Park and the Potomac River.
Real estate investors worldwide are convinced the market is at or near bottom and about to shoot up, according the Colliers International’s first survey of global investor sentiment.
Luxury residences at Rosslyn in Arlington VA
Investors from Asia, Canada, Latin America, and Western European say financing is increasingly available, while investors in the Middle East and Eastern Europe make the opposite observation.
While there was considerable disagreement about what “normal” is, the majority of respondents say their respective markets will return to “normal” within 18 months.
Globally, rents are anticipated to hit bottom this year – the first quarter of 2010 for the office sector was the most frequently offered response, followed by the second quarter of 2010 for industrial, and the third or fourth quarter of 2010 for retail.
Source: Colliers International (04/14/2010)
Julie Nesbitt
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…
According to research economist Jessica Lautz, "More than one-third of all home buyers buy a home for the desire to own. This has been the most cited reason consistently for the last several years, but it is even more true of single female buyers. Nearly half of single female buyers purchase a home because they have a desire to own a home. The second most cited reason for single female buyers in choosing to purchase a home is a change in family situation—13 percent of single female buyers purchase for this reason, compared to 9 percent of all buyers.
Court House Neighborhood in Arlington VA
"In comparison to other household types, single female buyers are more likely to have lived with parents, relatives or friends before buying their own residence, 20 percent compared to 12 percent of all buyers. Single female buyers are also more likely to rent an apartment or house before buying their own place compared to all buyers. Both previous living situations are related to the large share of single female buyers being first-time buyers."
Her research indicates: "The median age of all home buyers was 39 years old, compared to 41 for single female buyers. Among single-female buyers, 58 percent were first-time home buyers in 2009, compared to 47 percent of all home buyers. The median household income for single-women home buyers was lower than that of all other homebuyer household types. Single females reported a median household income of $47,900 in 2008 compared to $73,100 among all home buying households. This difference in household income should not be completely surprising as 68 percent of home buying households are couples – and so perhaps likely to have two income earners. The difference in median income for single women households compared to those for single men is less striking—single men typically made $53,700 in 2008. Additionally, single women households are less likely to have children living at home than couples. Results from the survey show that 22 percent of single women home buyers have children at home, while 38 percent of all home buyers have children at home."
Source NAR
The Arlington Urban Village Market at Courthouse is an open air market that has been going on since December 2002.
SATURDAYS:
9 am - 4 pm
Located on North 15th Street,
next to Courthouse parking lot.
Free Parking is available at 2100 Clarendon Blvd. (County office garage).
Enter on Clarendon Blvd. or 15th Street
The market features furniture, Art, China,Silver, Jewelry, Books, Photographs, Vintage Clothing, Linens, Lamps, Chandeliers, Antique Tools and Other Treasures...
Julie and I rode bikes from Old Town up to Washington DC to take a look at the cherry blossoms. We rode along the GW Parkway on the Mount Vernon Trail to Theodore Roosevelt Island and then we turned back crossing the river into the city. It was a pleasant morning and a good time.
Cherry Blossoms
Jefferson Memorial at Cherry Blossom
The cherry trees bloom every Spring along the Potomac River
Washington Monument as seen from Virginia during cherry blossom
Washington Monument surrounded by cherry blossoms
Will Nesbitt is the principal broker of Condo Alexandria.
