| I wouldn't use the word pyramid for APS - the maps for ES/MS/HS don't align. |
Just curious where your found this data. Especially the $1.05 M average. |
You are being polite. |
You are absolutely wrong about this. The Turnberry Tower (which is in Arlington) with 240 plus units is considered a neighborhood in it of itself by the county and the banks giving loans to buyers. Price for a one bedroom, 1300 sf starts at 1+ million to more than 10 millions for a 3 bedroom. The 5+ million condos don't show up in a regular resident search because they are bought with LLC by the owners. There are several cash buyers and trust funds younger buyers. I think it is the only 'neighborhood' in the county where you will find 5 -10 million dollars home. However, you can tell the purchasing power of these residents by not only the Ferraris, Maseratis, lamborghini coming out of the garages but the Mcclaren and the Aston Martin. Those people definitely lives in 4 plus million dollar homes there. Even Marvin Bush's 3.9 million (public record) at purchase date shows how clueless your assumptions is about Arlington. I am waiting to see a bugatti coming out of there |
Cool story, bro. None of these penthouse-y, 2nd home / pied-a-terre condos in the "Towers" are being purchased by families with 5 and 8 year olds who will go to public school. You accidently wandered into a Schools discussion and it's irrelevant that dishonest Chinese nationals (LLCs), fat 65-yr old Carlyle Group partners and single Tech Guys have bought 1-bedroom $5 million condos as investments. You should take your luxury sports car exhaustive story over to the Real Estate forum, however. You should also probably brush up on average home price vs. median home price in Arlington before you do. |
|
Weird comments about cars aside - there are definitely families living in the high-rises and THs over there. We have met several families through school/soccer/gymnastics.
But there are still plenty of lower-income families in the island too. It will be interesting to see how the MS/HS boundaries change. |
Seriously. I checked a real estate and it looked that there'd been about 21 $2M sales in Arlington since the beginning of 2013, including four in Turnberry Towers. That excludes direct sales, but it's just not a huge number compared to the number of such transactions in Bethesda (49), McLean (95) or Georgetown (59). So the original point - that the Yorktown "island" near Rosslyn still adds diversity to the school - remains relevant, despite the attempt of the Arlington poster to try and make all of Arlington sound ultra-luxe. |
Now you just sound argumentative. |
Some feed to W-L, some to Yorktown. |
I don't think there's a lot to argue about here. There are really only a few points: The Yorktown "island" still contributes to the diversity at Yorktown. That area is mostly Key ES territory and Key is 42% FARMS. Arlington, while expensive, is not a place that has a lot of $2M-plus properties, so people buying such properties, to the extent they are in the "island," aren't having much impact on the school demographics. To the extent someone claimed the average house or property in Arlington is now worth well over a million, they haven't backed it up with any evidence. |
|
Yes, Argumentative PP, the island provides diversity. Yes, the car poster is over the top. No, the demographics are changing.
Please report back with Key and ASFS FARMS %s for 2003 and 2013. |
You can look that up on your own, for whatever point you think it helps you make. |
LOL - guess you just want to pick and choose your "facts".
|
I disagree that the average is $1.05M, but maybe the poster read this and didn't read close enough. http://www.insidenova.com/news/arlington/million-dollar-single-family-home-listings-now-the-rule-rather/article_0d681604-0aad-11e4-b471-0019bb2963f4.html |
|
Countywide, the average sales price in June for single-family homes was $908,056, up 5.6 percent from the average price a year before.
So not 1.05M but 908K. Still pretty high for the entire county--I'm surprised by that. |