In addition to contract ratio, the median days on market metric helps provide a sense of not only where homes are selling the fastest, but also the city’s most competitive housing markets. Leading the way so are two neighborhoods with “Park” in their name. American University Park, the upper Northwest neighborhood with a scant supply of homes for sale, is perennially one of the city’s fastest moving markets. That is the case again in 2020. And despite home prices shooting up year-over-year by almost 30 percent, homes are also selling in just four days in Shepherd Park.
There are eight more neighborhoods in the city, ranging from Chevy Chase to Barry Farm, where homes are selling in a week or less. Every neighborhood also has an average sales-to-original list price ratio in excess of 99.5 percent which means that homes are not only selling fast, but at or above list price.
Arlington’s Dept. of Parks and Recreation has made the announcement, amid the slowing rate of new COVID-19 infections that playgrounds and outdoor public restrooms have reopened. In addition to the reopening of playgrounds and restrooms, athletic field and court lights will be turned back on and organized sports allowed in parks.
Park users are asked to continue adhering to social distancing guidelines, and anyone with flu-like symptoms or recent contact with a known COVID-19 case is asked to refrain from using park amenities.