Clarendon VA -- Condos That are Overpriced in Arlington

As some of have been in touch with me as a result of some of my recent posts in Market Observations for condo Arlington Virginia I thought I'd add some examples of overpriced condos in Arlington Virginia. Here are a few on the orange line to which my original post referred: Arlington VA Condo Prices Must Come Down You'll notice here some of the older condos in Clarendon VA that now are trying to compete with brand new condos that are more conveniently located in most instances. Also older condos do not have the cutting edge ameneties such as huge rooftop deck/pools with views of the monuments & Potomac or LARGE exercise rooms with flat screen TVs, etc. You can get those units in the new buildings for $370+ so why would I pay more than $340 to live much further away from the Clarendon nightlife in terms of walking distance. The difference of $30,000 on a mortgage in terms of monthly payment is not much--especially if the new building has a lower condo fee anyway (may be true with one or more of the new condos). Or I can pay $360ish for brand spanking new renovation in Ballston with greast incentives at Eastview and Westview...some of their options involve no mortgage payments for 9 months. I think I'll pass on Summerwalk I&II for $375,000 -- hahahaha :) You can always check out the Norhern Virginia MLS here.

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This blog entry currently has 2 comments posted.

Alfred

Eastview and Westview are just older apartments converted to condos. These are just average units. The glass balcony does NOT even have insulated glass, so it will NOT be of much use during the winter or the heat of summer. Summerwalk units look great from the pictures.

Patrick

Right - I rent in WestView and definitely would NOT recommend this place. The walls are too thin and I can hear neighbors' TV's, alarms, and even voices (esp in the hallway - I can hear everything). The parking spaces are undersized, the garage doors and elevators are too slow even though recently 'renovated'. The 'fitness center' is a joke. Only parttime concierge (perhaps full-time would have prevented the break-in rape in Feb 0. The list goes on...

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