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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm confused by the suggestion that Arlington is "so hot".  Here are the # of single-family houses now on the market for under $1M in various school zones, according to Redfin:

[b]Yorktown - 10[/b]

Madison - 6

Marshall - 6

Churchill - 3

McLean - 3

Langley - 2

B-CC - 2

George Mason - 0

Whitman - 0

[/quote]

That doesn’t indicate “hotness” though. You could have a $3M place in Whitman...that just sits there for 6 months.

How about DOM?

Or % list price?

MLS doesn’t track # of offers, right? 
[/quote]

Here are some more meaningful metrics to measure "hotness". Based on sales from the last 6 months (from Redfin).

AVERAGE DAYS ON MARKET
Yorktown - 81 
Wakefield - 82 
W-L - 88
Marshall - 88 
Churchill - 91 
Whitman - 91 
McLean - 93 
B-CC - 94 
Langley - 97 
Madison - 98 
George Mason - 98

AVERAGE $ PER SQ FT 
Yorktown - $497
W-L - $480
B-CC - $444
Wakefield - $414
George Mason - $393
Whitman - $384 
McLean - $377
Marshall - $372
Madison - $335
Langley - $333
Churchill - $284

[/quote]Developers tend to list teardown /new builds long before they're completed. I bet they are wildly distorting DOM in some of these neighborhoods.  In my neighborhood near W-L, anything without a major defect or crazy price sells within a day or two.  Most home don't even make it to the open house, and some end up not even being listed and are sold as pocket listings. [/quote]

If they are sold with ZERO days on the market that is still representative of a "hot" market so maybe not really that misleading...

[/quote]

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