Colonial Village 2008 - A Year in Review
December 30th, 2008 Categories: Arlington Condos, Arlington Dirt, Market Stats, Neighborhoods, Northern Virginia Home Buying, Northern Virginia Home Selling, Northern Virginia Real Estate Dirt
I thought this might be a good time to go over some sales statistics from 
some of the larger and more popular buildings, developments and neighborhoods in Arlington Virginia for 2008. Since I have previously written about Colonial Village, I thought it a good place to start.
Looking back at the condo sales in Colonial Village for 2008, there have been 24 units sold (settled) since January 1, 2008 which is 17 1–bedroom units and 7 2–bedroom units. Let’s first look at the 1–bedroom stats:
Average sales Price: $276K (highest was $286K, lowest was $239K)
Average (net) Sales Price as a percentage of list: 96%
Average seller subsidy: $5,000 (so expect about 2%)
Average Days on Market: 36 (however, the median was only 16 since there was 1 unit that took 196 days to sell)
Then - for the 2–bedroom stats:
Average Sales Price: $343K (highest was $364K, lowest was $315K)
Average (net) Sales Price as a percentage of list: 95%
Average Seller Subsidy: $3,700 (so relatively less than for the 1–bedroom units)
Average Days on Market: 44
As for right now, there are 6 1–bedroom units on the active market listed between $265K-$292K. There is only 1 2–bedroom unit currently available and it’s listed for $349K.
If you are interested in learning more about Colonial Village as a place to live OR if you’re interested in listing your home there, please give me a call to discuss.
Happy Tuesday
Jennifer
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