April 20, 2021 at 1:30pm
This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: How much more can I expect to pay for a five-bedroom house compared to a four-bedroom house?
Answer: The primary criteria for most buyers is the number of bedrooms, so this week we will break down the cost of detached and condo housing in Arlington by bedroom count. The dataset includes all closed sales since January 1, 2020, except a $45 million sale, River Place Coop and age-restricted housing.
Today at 12:45pm
This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: How did Q1 compare to other quarters, and what does that mean for Q2?
Answer: The housing boom has been front-and-center in the national news cycle for about six months now, and Q1 blessed many homeowners and builders with amazing results, while inflicting similar levels of frustration on buyers.
Despite the national, regional and local craziness, the Arlington single-family home (SFH) and townhouse (TH) markets actually didn’t look that different in Q1 2021 compared to the last couple of (post-Amazon HQ2) years, so the pandemic-related housing boom hasn’t created nearly the systemic shock here as it has in other local markets like Fairfax County and Loudoun County. Months of Supply (measure of supply and demand) for SFH is down 36% YoY for Q1
Today at 12:30pm
This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: Have you seen a change in demand for home pools since COVID-19 began?
Answer: In 2017 I wrote that for most homes in Northern Virginia (and the D.C. metro), having a pool had a negative impact on resale because most buyers see them as a hazard, unnecessary expense and/or inefficient use of yard. However, COVID has changed the minds of many buyers and caused demand for homes with pools to increase significantly.
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March 16, 2021 at 12:30pm
This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: How many different real estate agents do business in Arlington in a typical year?
Answer: There were 2,770 real estate transactions in Arlington in 2020 (incredibly close to the 2,782 transactions in 2019!), totaling over $2.16 billion in total sales volume (up from $1.96 billion in 2019).
I think most people would assume a few hundred different real estate agents worked on those 2,770 transactions, but in fact, there were 2,223 different agents part of those sales (remember, most transactions have two agents involved). In 2019, 2,017 different agents transacted in Arlington so the numbers are very consistent.