The Arlington County Board has voted unanimously to approve a new, 175-unit assisted living facility at Lee Highway and N. Taylor Street. The facility will replace a handful of single-family homes on a large parcel of property at the corner. In addition to more homes for seniors in need of memory care and assisted living services, the project includes environmental features and a new 10,000+ square foot public open space.
While, if D.C. real estate watchers expected a dramatic dip in home sales in March, it never materialized. This is according to local sales data from MarketStats by ShowingTime. The local market remains strong. Of course, when final numbers are delivered for April and May, the market indicators may lag a bit, but March numbers revealed a continuing trend toward robust sales throughout the region.
In Arlington County, the average sold price in March was $637,450, more than 12 percent higher than in March 2019. In addition, the number of Arlington units closed in March was up by more than 11 percent over the same month in 2019.