Overlee Knolls Arlington Real Estate Market Report
I recently took a look at the year so far in the Overlee Knolls neighborhood of Arlington. Here is what I found:
Sixteen homes have sold in the Overlee Knolls neighborhood of Arlington in 2013:
4 new construction and 12 resales.
Avg Sold Price: $787,333
Avg Days on Market: 14
Avg Living SQ FT: 1,073
# of Bedrooms: 4
# of Full Baths: 2
# of Half Baths: 1
# of Levels: 3
Lot Size: 7,120
Overall for the year, inventory is down 40% when compared to the same period last year. This is still an excellent time to sell. I don’t think rising interest rates will affect the Arlington real estate market.
New Construction Home Sales in 22205:
The Arlington 22205 real estate market is trending upwards. Within the last ten months there has been a 6% increase in listing price for new homes. What’s driving the change?
Lack of inventory, pent up demand and low interest rates are the driving factors. Arlington County has great schools, recreation (bike paths, dedicated parks, rec-centers and nature centers), services, and close proximity to metro transportation and jobs.
If you would like to see my full Overlee Knolls Arlington Real Estate Market Report, just watch the video below: