Wednesday, May 27, 2009

Update - May 27

There are 13 properties for rent at walking distance to the Vienna metro. The cheapest is $1,300/mo for a 1-bedroom condo and the most expensive is $3,200/mo for a townhouse.
As for sales of properties, there are at least twenty on sale today, all of them are just steps away from the metro. $240k you will pay for a 1 bedroom condo and as much as $640k for an end unit townhouse. This is still the best time to buy as the interest rates are very low and it is possible to bring the price down. Do not forget to get a preapproval letter before you start your search. Good luck!

Thursday, May 7, 2009

Just One Short Sale

It is interesting to notice that there is only one short sale and no foreclosures in the radius of 0.5 miles of the Vienna metro. As of today there are 20 active listings. The cheapest is 250k for a 1 bedroom condo and the most expensive - almost 640k for an end unit townhouse. The most days on the market (above 200 days) are those of 1st floor units in Marquis. Not surprisingly, it takes in average about 10 days from the date a property near the metro is listed till it gets under contract... Location, location, location...