Hereâ€™s data from Google communities that might help. 22207 is an affluent (median household income: $100,390) upscale urban zip code in Arlington, Virginia. The population is primarily white, and mostly married couples. At $347,500 the average home value here is a bit higher than average for the Washington-Arlington-Alexandria metro area, so this probably isn't the place to look for housing bargains. The median age here is 39.7.
What this says that itâ€™s a rockinâ€™ area and that my experience in listing and selling in Arlington is that it isnâ€™t effected much by the seasons. I listed and sold two condos last winter/early year. I get calls from Buyerâ€™s throughout the year. Arlington is a popular area esp. along the metro routes or in Cherrydale, which is young couples buying the new homes where old homes use to be. Seems like most of us agree that it doesn't matter when you list your house in Arlington. Old Town Alexandria is the same way. High-demand areas move steadily throughout the year, although the traditional Spring market does pick-up. But that's not to say nothing happens the rest of the year.
If itâ€™s a rental consider that rents are increasing here rapidly and this year is expected to be a tight/high-demand rental market for the Washington D.C. metro area. Without seeing the property itâ€™s hard to say much more, but if you own it and/or have a positive cash flow continuing to own real estate as an investment is an option and of course selling it if you can sell if to get cash. Maybe you have other plans for the cash out right now rather than continued ownership. Myself and the other agents that have answered your question can help you with running the values of the property and in determining a good starting list price for it. Contact me or any of the other agents, below, if you need help with listing and selling your property or in continuing to rent it.
Delaine Campbell, REALTORÂ®
Certified Residential Specialist
Accredted Buyer Representative
Long and Foster Real Estate
(800) 482-0716 Office/Direct
(703) 932-6542 Cell/Direct