N Rhodes Hill Square

I just saw a great unit at N Rhodes Hill Square.  It’s an interior unit, very nice.  I feel that the HOA fees are a little bit high for what you get, since there is no gym or pool as with theGaslight Condos a few blocks away, BUT the fees there are over $1100 a month for a pool and gym, I don’t know if that worth it in the end.  At $1100 a month that gives any potential buyer $200K more in buying power power for a traditional single family home or dare I say a multi-family home a little further in Arlington.

I consider myself somewhat of an expert in N Rhodes Hill Square because I have a friend who live’s there!  She has an end unit, with tons of natural light.  A large yard, she’d like to have all hardwood throughout as in the unit I originally referred to, but at a cost of about $18K, she will have to wait for a while before even considering to make the conversion.  I think her unit would be in the mid $900K should it ever be put on the market.  The problem is, if it’s put on the market and eventually put under contract, she’d still have to find something comparable, preferably a single family home with a HUGE back yard!

Inventory is LOW in Clarendon and Courthouse

So after a robust finish in our market at the end of 2016, inventory is LOW in Clarendon and Courthouse.  It’s definitely a sellers market right now, there are so many buyers out there and I have no inventory seemingly to show them.  As an example I “farm’ expired listings, in Arlington, VA there are hardly any expired listings.  Clarendon and Courthouse continue to be a very desirable area to move to.  It’s proximity to Washington, DC and quality of life has left it a highly sought after place to live.  You are far enough yet close enough.

If you’re willing to go out to Fairfax County, there are some real deals out there, I think there’s a better quality if life also, but it’s definitely not as convenient as Clarendon and Courthouse.