Sun Gazette Arlington, April 20, 2017

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STUDENTS SHINE IN MODEL ASSEMBLY

LOCAL SUBWAY STICKING AROUND

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ROUNDUP OF RECENT BASEBALL ACTION

Opinion Real Estate Classified Crossword

Find our spring lawn & garden guide inside!

Admission Open House | April 28 & May 10 | 9:00 am

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Sun Gazette

VOLUME 82 NO. 20 APRIL 20-26, 2017

ARLINGTON’S SOURCE FOR HOMETOWN NEWS SINCE 1935

Affordability Hampering First-Time Buyers As Spring Real-Estate Market Heats Up, Pickings are Slim in More Modest Price Ranges

As was the case a decade ago, the region’s healthy real-estate market is leaving prospective first-time purchasers in the lurch. “Entry-level buyers have very little to choose from in the price range below $400,000,” said Bob Adamson, chairman of the Northern Virginia Association of Realtors, who called the lack of inventory (at nearly all price points) the

potential Achilles heel of the local market. That caution came as the Northern Virginia homes market got off to a solid spring start, with March home sales up by more than 15 percent from a year before and average sales prices also on the rise. A total of 1,779 properties changed hands across Northern Virginia last month, accord-

ing to figures reported by RealEstate Business Intelligence, an arm of the local multiplelisting service. That’s up from 1,542 sales in March 2016. (Figures represent properties going to closing in Arlington and Fairfax counties and Continued on Page 28

RELATED: Single-family homes that sold in Arlington last month averaged nearly $1 million each, according to new data, as the market got into the swing of spring early. See full coverage on Page 8.

THE NEVER-ENDING HUNT FOR EASTER EGGS!

Jeremiah Burke grabs a colorful egg and is on the prowl for more at the annual Easter egg hunt at Clemyjontri Park in McLean, held on April 8. Conditions were just right for youngsters to hunt for eggs and spend some time with the Easter Bunny. PHOTO BY DEB KOLT

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