Jay Ribler
Burke, VA
5926 New England Woods Dr.
Burke, VA 22015
Main Office 703-239-1202
Office Fax 703-239-1202

PostHeaderIcon Arlington County Real Estate on the Upswing?

Clarendon, VaAn article in the Sun Gazette reports that if there is a strong finish to 2010 it may surpass the results for 2009.  As of the posting of the article the number of closed transactions for the year was only behind 2009 by 171.  The article also notes that since there were 200 closings in 2009, and 175, 184 and 250 during -08, -07 and ’06 respectively that it is possible although the market has been soft especially since the end of first time home buyer tax credit earlier in the year. 

The Gazette notes that it’s figures may not correlate with the Northern Virginia Association of Realtors figure and the final tally for the year will not be available until January 10 after local real estate officials have had an opportunity to compile all of the sales totals for December and calculate the annual figure.   A local broker in Arlington was quoted as saying “While overall sales may be down, prices are up and that is the most important statistic to get the market back on track”. 

To read the entire article please click here.  For more information on buying or selling a home please contact Jay Ribler of Weichert Realtors Annandale at 703-507-7644.

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