Real Estate
Are There Still Condo Buyers in Arlington?
How much has COVID-19 impacted Arlington condo sales? Find out which communities are still hot and which are not.
Condos offer a lower price alternative to home ownership and are quite popular in the DMV area, representing about 20% of all home sales, but can be as high as 50% in condo rich urban communities, such as Arlington, VA. Some of the key benefits of condo ownership include not having a yard to mow, onsite fitness center, gym, and pool, and a sense of community. Undoubtedly COVID-19 has impacted some of these benefits to condo ownership and, in the short-term, has change the desirability and attractiveness of condos.
Since the start of the summer, the inventory of homes have remained low, helping to keep home prices high, but not all homes are the same and we have observed a trend developing. Townhomes have the lowest inventory and are selling for above list price. Detached homes have low inventory and are selling for their list price. Condos have low inventory, however, the inventory is increasing and they are selling for less than list price. We believe the home buyers that would have been in the market for a larger condo are instead opting to purchase a similarly priced townhome, but not necessarily in the same area, resulting in less demand for condos and more demand for townhomes. So does the condo data support this? Let’s find out!
Find out what's happening in Arlingtonfor free with the latest updates from Patch.
In this article, we analyzed the most popular condos in Arlington and analyzed the data for 1-bedroom and 2-bedroom units. We compared the average sold price for condos in 2019 vs 2020, to observe if prices are rising or falling. We also compared the average annual number of sales for the past 3-years (2017-2019) against the current active homes for sale, to observe if the inventory is high or low for a specific condo community.
Comparison of Average Sold Price of 1-Bedroom Condos in Arlington in 2019 vs 2020 YTD:
| Community | Sold Price 2019 | Sold Price 2020 | Annual Sales | Active | Assessment |
| 1510 CONDO | $399,000 | $395,000 | 2 | 0 | |
| 1800 WILSON | $472,343 | $459,333 | 8 | 2 | Price Dropping |
| ALTA VISTA | $405,592 | $420,300 | 5 | 2 | |
| ARBORS OF ARLINGTON | $236,600 | $246,200 | 4 | 0 | |
| ARLINGTON OAKS | $226,750 | $247,500 | 17 | 4 | |
| ASTORIA | $357,243 | $367,500 | 7 | 1 | |
| ATRIUM | $420,408 | $436,143 | 13 | 2 | |
| BALLSTON PARK | $430,045 | $451,510 | 3 | 0 | |
| BELLA VISTA | $397,500 | $430,306 | 4 | 0 | |
| BELVEDERE | $466,140 | $442,500 | 7 | 2 | Price Dropping |
| CAMBRIDGE COURTS | $289,429 | $293,600 | 7 | 1 | |
| CARDINAL HOUSE | $285,000 | $286,200 | 9 | 0 | |
| CARLYLE HOUSE | $230,823 | $250,000 | 3 | 0 | |
| CARLYN PLACE | $228,400 | $243,857 | 6 | 0 | |
| CHARLESTON | $458,965 | $463,475 | 7 | 2 | |
| CIRCLE | $207,500 | $265,000 | 2 | 0 | |
| CLARENDON 1021 | $504,451 | $533,150 | 18 | 8 | |
| CLEVELAND HOUSE | $275,071 | $274,950 | 3 | 0 | |
| COLONIAL VILLAGE | $286,573 | $316,545 | 24 | 9 | |
| COLUMBIA KNOLLS | $159,418 | $181,125 | 7 | 2 | |
| COMMONS OF ARLINGTON | $284,100 | $295,000 | 3 | 0 | |
| CONTINENTAL | $460,071 | $469,768 | 11 | 4 | |
| COURTBRIDGE | $299,300 | $283,000 | 5 | 0 | Price Dropping |
| COURTHOUSE HILL | $427,000 | $457,750 | 2 | 1 | |
| CRYSTAL PARK | $366,833 | $393,997 | 3 | 0 | |
| DOMINION HEIGHTS | $435,000 | $435,000 | 2 | 0 | |
| EASTVIEW AT BALLSTON | $383,239 | $421,625 | 22 | 5 | |
| ECLIPSE ON CENTER PARK | $411,000 | $451,960 | 20 | 4 | |
| FAIRLINGTON ARBOR | $415,625 | $391,000 | 3 | 0 | Price Dropping |
| FAIRLINGTON COMMONS | $310,000 | $457,300 | 1 | 2 | |
| FAIRLINGTON GLEN | $422,667 | $443,780 | 3 | 0 | |
| FAIRLINGTON MEADOWS | $361,500 | $429,750 | 4 | 0 | |
| FAIRLINGTON MEWS | $425,000 | $480,000 | 4 | 0 | |
| FAIRLINGTON VILLAGES | $361,691 | $447,103 | 23 | 5 | |
| GASLIGHT SQUARE | $832,000 | $897,500 | 3 | 0 | |
| GEORGETOWN VISTA | $305,000 | $328,500 | 1 | 0 | |
| GROVE AT ARLINGTON | $302,500 | $336,667 | 5 | 0 | |
| HORIZON HOUSE | $284,154 | $311,887 | 14 | 7 | Inventory Rising |
| HYDE PARK | $365,723 | $389,100 | 11 | 3 | |
| LANCASTER | $200,000 | $226,333 | 1 | 1 | |
| LEXINGTON SQUARE | $449,400 | $453,877 | 8 | 3 | |
| LIBERTY CENTER | $488,429 | $558,389 | 9 | 1 | |
| LORCOM HOUSE | $238,750 | $229,950 | 2 | 0 | Price Dropping |
| ODYSSEY | $457,267 | $491,071 | 10 | 2 | |
| PALISADE GARDENS | $284,333 | $306,000 | 3 | 1 | |
| PARK GLEN | $209,500 | $232,750 | 4 | 1 | |
| PHOENIX | $462,756 | $484,400 | 6 | 3 | |
| PROSPECT HOUSE | $552,500 | $572,000 | 4 | 0 | |
| RIDGE HOUSE | $302,250 | $317,000 | 3 | 1 | |
| RIVER PLACE | $179,711 | $184,809 | 41 | 23 | Inventory Rising |
| ROSSLYN HEIGHTS | $246,000 | $315,000 | 1 | 1 | |
| SHIRLINGTON VILLAGE | $411,250 | $449,167 | 5 | 0 | |
| STATION SQUARE | $487,800 | $570,833 | 5 | 1 | |
| STONERIDGE KNOLL | $242,833 | $220,250 | 4 | 2 | Price Dropping |
| STRATTON HOUSE | $215,500 | $227,000 | 2 | 2 | |
| SUMMERWALK | $398,300 | $439,980 | 7 | 0 | |
| TAFT TOWERS | $335,000 | $338,000 | 2 | 1 | |
| THE BRITTANY | $272,758 | $287,333 | 12 | 1 | |
| THE CARLTON | $174,750 | $196,333 | 12 | 2 | |
| THE CAVENDISH | $278,333 | $269,689 | 7 | 3 | Price Dropping |
| THE CHATHAM | $234,050 | $237,194 | 7 | 0 | |
| THE REPRESENTATIVE | $355,000 | $447,259 | 2 | 0 | |
| TOWER VILLAS | $411,000 | $512,000 | 1 | 1 | |
| TURNBERRY TOWER | $870,571 | $975,400 | 7 | 4 | Inventory Rising |
| VALLEY HEIGHTS | $125,000 | $167,667 | 1 | 1 | |
| WATERVIEW | $556,750 | $624,500 | 4 | 3 | |
| WELDON | $300,000 | $315,000 | 4 | 1 | |
| WENTWORTH PLACE | $328,000 | $353,000 | 1 | 1 | |
| WEST VILLAGE OF SHIRLINGTON | $330,188 | $349,636 | 19 | 4 | |
| WESTLEE | $420,542 | $428,167 | 7 | 1 | |
| WESTMORELAND TERRACE | $284,363 | $292,063 | 8 | 0 | |
| WESTVIEW AT BALLSTON | $390,702 | $405,053 | 15 | 6 | |
| WILLIAMSBURG | $517,500 | $459,000 | 6 | 2 | Price Dropping |
| WINDGATE | $284,542 | $303,500 | 6 | 1 | |
| WINDSOR PLAZA | $402,929 | $426,500 | 7 | 0 | |
| WOODBURY HEIGHTS | $616,000 | $381,429 | 6 | 1 | Price Dropping |
| WOOSTER AND MERCER LOFTS | $793,000 | $1,047,500 | 2 | 0 | |
| YORKTOWN | $232,125 | $224,000 | 2 | 0 | Price Dropping |
Comparison of Average Sold Price of 2-Bedroom Condos in Arlington in 2019 vs 2020 YTD:
| Community | Close Price 2019 | Close Price 2020 | Annual Sales | Active | Assessment |
| 1800 WILSON | $670,967 | $748,700 | 3 | 2 | |
| 38 PLACE | $639,000 | $570,633 | 1 | 1 | Price Dropping |
| ALTA VISTA | $552,350 | $542,500 | 5 | 2 | |
| ARC 3409 | $699,975 | $669,214 | 8 | 6 | Price Dropping |
| ARLINGTON HEIGHTS | $207,250 | $223,950 | 4 | 0 | |
| ARLINGTON OAKS | $268,960 | $291,083 | 7 | 0 | |
| ASTORIA | $490,686 | $454,140 | 10 | 4 | Price Dropping |
| BALLSTON 880 | $464,080 | $552,450 | 7 | 2 | |
| BALLSTON PARK | $633,825 | $635,000 | 3 | 0 | |
| BALMORAL | $385,000 | $400,100 | 1 | 0 | |
| BELLA VISTA | $701,333 | $681,167 | 3 | 2 | Price Dropping |
| BELVEDERE | $629,818 | $661,747 | 13 | 3 | |
| BERKELEY | $759,500 | $655,000 | 2 | 0 | Price Dropping |
| CARDINAL HOUSE | $362,500 | $387,000 | 4 | 1 | |
| CARLYLE HOUSE | $305,400 | $330,000 | 4 | 0 | |
| CARLYN PLACE | $251,450 | $315,000 | 4 | 1 | |
| CHARLESTON | $560,000 | $617,400 | 4 | 0 | |
| CIRCLE | $303,500 | $304,000 | 3 | 1 | |
| CLARENDON 1021 | $667,667 | $772,333 | 7 | 3 | |
| CLARENDON 3131 | $800,000 | $795,000 | 1 | 0 | |
| CLEVELAND HOUSE | $363,000 | $360,833 | 3 | 1 | |
| COLONIAL VILLAGE | $397,668 | $412,111 | 13 | 2 | |
| COLUMBIA | $252,000 | $237,000 | 1 | 0 | Price Dropping |
| COLUMBIA KNOLLS | $182,500 | $203,333 | 3 | 1 | |
| COLUMBIA PLACE | $650,000 | $645,000 | 1 | 0 | |
| COMMONS OF ARLINGTON | $317,656 | $325,000 | 6 | 0 | |
| CONTINENTAL | $680,889 | $731,000 | 8 | 4 | Inventory Rising |
| COURTBRIDGE | $375,188 | $425,333 | 8 | 2 | |
| COURTHOUSE HILL | $599,000 | $599,667 | 5 | 1 | |
| CRYSTAL GATEWAY | $620,000 | $694,000 | 4 | 4 | Inventory Rising |
| CRYSTAL PARK | $605,000 | $647,000 | 3 | 1 | |
| DOMINION HEIGHTS | $515,000 | $538,833 | 3 | 2 | |
| DOMINION TERRACE | $247,000 | $270,000 | 1 | 0 | |
| EASTVIEW AT BALLSTON | $517,250 | $542,667 | 2 | 0 | |
| ECLIPSE ON CENTER PARK | $635,500 | $676,408 | 12 | 2 | |
| FAIRLINGTON ARBOR | $460,000 | $502,005 | 2 | 0 | |
| FAIRLINGTON GLEN | $415,000 | $427,475 | 3 | 0 | |
| FAIRLINGTON MEADOWS | $487,000 | $456,000 | 1 | 0 | Price Dropping |
| FAIRLINGTON MEWS | $439,000 | $470,000 | 1 | 1 | |
| FAIRLINGTON VILLAGES | $404,744 | $439,818 | 21 | 2 | |
| FALLS STATION | $499,983 | $511,350 | 7 | 0 | |
| FORT MYER HEIGHTS | $543,000 | $630,000 | 2 | 0 | |
| FOUNTAIN COURT | $438,600 | $387,500 | 3 | 0 | Price Dropping |
| FREDERICK COURTS | $190,000 | $219,000 | 4 | 2 | |
| GASLIGHT SQUARE | $1,314,417 | $1,411,333 | 8 | 3 | |
| GATEHOUSE | $391,750 | $399,000 | 1 | 0 | |
| GEORGE MASON VILLAGE | $225,000 | $232,167 | 3 | 1 | |
| GROVE AT ARLINGTON | $432,756 | $474,580 | 9 | 0 | |
| HAWTHORN | $610,300 | $670,680 | 7 | 4 | Inventory Rising |
| HEATHERLEA | $381,744 | $396,889 | 24 | 3 | |
| HORIZON HOUSE | $624,950 | $420,000 | 4 | 1 | Price Dropping |
| LEXINGTON SQUARE | $537,203 | $615,000 | 6 | 0 | |
| LIBERTY CENTER | $717,083 | $759,750 | 9 | 1 | |
| LORCOM HOUSE | $314,167 | $275,000 | 2 | 0 | Price Dropping |
| MEMORIAL PARK | $1,599,900 | $1,206,000 | 1 | 0 | Price Dropping |
| MONROE | $890,429 | $723,750 | 6 | 2 | Price Dropping |
| ODYSSEY | $799,186 | $921,500 | 8 | 0 | |
| PALISADE GARDENS | $357,470 | $380,000 | 5 | 2 | |
| PARK AT COURTHOUSE | $675,091 | $630,000 | 8 | 0 | Price Dropping |
| PARK GLEN | $230,100 | $254,133 | 5 | 2 | |
| PARK SPRING | $279,500 | $310,000 | 4 | 0 | |
| PENTAGON RIDGE | $488,000 | $530,667 | 3 | 3 | |
| PHOENIX | $711,143 | $675,000 | 7 | 1 | Price Dropping |
| PROSPECT HOUSE | $705,000 | $762,500 | 3 | 2 | |
| RHODES HILL SQUARE | $884,750 | $887,000 | 7 | 5 | Inventory Rising |
| RIVER PLACE | $371,167 | $310,000 | 5 | 2 | Price Dropping |
| ROSSLYN HEIGHTS | $437,850 | $515,667 | 6 | 1 | |
| SHIRLINGTON VILLAGE | $600,000 | $589,843 | 7 | 0 | |
| SIERRA | $377,400 | $392,090 | 6 | 1 | |
| SPOUT RUN TERRACE | $387,500 | $367,000 | 2 | 0 | Price Dropping |
| STATION SQUARE | $698,397 | $718,833 | 18 | 8 | |
| STONERIDGE KNOLL | $295,000 | $360,000 | 1 | 1 | |
| STRATTON HOUSE | $230,364 | $254,125 | 4 | 1 | |
| SUMMERWALK | $549,167 | $600,000 | 4 | 0 | |
| TERRACE LOFTS | $662,575 | $622,000 | 1 | 0 | Price Dropping |
| THE ARLINGTON | $359,752 | $405,939 | 14 | 2 | |
| THE BARKLEY | $495,000 | $475,000 | 2 | 0 | Price Dropping |
| THE BRITTANY | $348,155 | $364,870 | 26 | 1 | |
| THE CARLTON | $226,400 | $237,938 | 8 | 2 | |
| THE CAVENDISH | $325,000 | $335,350 | 2 | 0 | |
| THE CHATHAM | $272,600 | $298,129 | 6 | 1 | |
| THE HARTFORD | $675,000 | $627,500 | 4 | 0 | Price Dropping |
| THE REPRESENTATIVE | $661,375 | $671,080 | 9 | 3 | |
| THE WESLIE | $1,225,000 | $1,183,750 | 2 | 1 | Price Dropping |
| TOWER VILLAS | $676,633 | $684,375 | 6 | 0 | |
| TRAFALGAR FLATS | $486,546 | $580,000 | 1 | 0 | |
| TURNBERRY TOWER | $1,335,000 | $1,540,000 | 8 | 7 | Inventory Rising |
| VIRGINIA SQUARE | $605,250 | $629,500 | 4 | 2 | |
| WATERFORD HOUSE | $674,500 | $812,500 | 1 | 1 | |
| WATERVIEW | $973,250 | $669,125 | 4 | 2 | Price Dropping |
| WELDON | $297,400 | $360,000 | 2 | 0 | |
| WEST VILLAGE OF SHIRLINGTON | $424,608 | $448,738 | 25 | 0 | |
| WESTLEE | $587,250 | $604,000 | 6 | 1 | |
| WESTMORELAND TERRACE | $345,000 | $375,000 | 3 | 1 | |
| WESTVIEW AT BALLSTON | $515,714 | $520,082 | 7 | 1 | |
| WILLIAMSBURG | $722,250 | $754,967 | 5 | 2 | |
| WINDGATE | $410,333 | $445,167 | 5 | 1 | |
| WINDSOR PLAZA | $555,786 | $573,750 | 7 | 0 | |
| WOODBURY HEIGHTS | $577,250 | $645,500 | 5 | 4 | Inventory Rising |
| WOOSTER AND MERCER LOFTS | $1,093,750 | $911,500 | 5 | 1 | Price Dropping |
In October, a total of 136 condo properties sold in Arlington for a median price of $434,000, with an average sold price to original list price of 98.3%. While condo sales continue to be relatively robust, overall inventory is rising and condo owners are selling for less than their original asking price, indicating that demand is softening. If you would like to keep track of your condo value, sign up for our custom monthly market update or reach out to me directly at 703-420-3499.
Find out what's happening in Arlingtonfor free with the latest updates from Patch.
About Peggy Yee
Peggy Yee is a supervising broker at Frankly Realtors and is a local Top Producer. She has sold over $200 million in sales and was one of Northern Virginia Magazine's Top Realtors since 2015. She has been quoted in the Around Reston Magazine, Washington Post, Money Magazine, Consumer Reports, Zillow, Trulia and Realtor.com. Peggy is 100% committed to making your move the best experience possible! Don't just take our word...Click here to see what Peggy's past clients have to say about the experience working with her from Buyer and Seller Video Testimonials and you'll understand why she is one of the top real estate agents in Arlington with dozens of 5 Star Zillow reviews. Click here for Zillow Reviews.
* Data Source: BrightMLS and SmartCharts. Information deemed reliable but not guaranteed.