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Reply to "Why isn't this Arlington house selling?"
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[quote=Anonymous][quote] People accepted the worse schools and less retail of So Arlington in exchange for newer and bigger homes with the same awesome Arlington commute. But commute matters much less now, with hybrid and less traffic. So people who used to head south for their compromise to keep a short drive now head west and get a nice big house with good schools. Almost $1.4M for S Arlington — mind boggling.[/quote] I think this is the case, especially with interest rates where they are. If you look at sales over the last 6 months in South Arlington, non-new builds top out at about 1.25. At most. This is across the board for every neighborhood except Crystal City Metro Corridor. Very nice houses have sat at anything above 1.3 and almost all of them settle for significantly less. People just don't want to pay that much to live south of 50.[/quote]
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