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Arlington, Virginia Neighborhood Spotlight: Lyon Park July 24, 2009

Posted by Laura Schwartz in Arlington.
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Back in October of 2008, I did a brief history of Lyon Park. Here’s a short synopsis:

Lyon Park is one of the many residential neighborhoods located throughout Arlington. Lyon Park consists of about 5,000 residents. It was founded in 1919 by developer Frank Lyon. It’s also on the National Register of Historic Places as a planned community. Lyon Park goes from Clarendon, to Rt 50 to Pershing St in Arlington – all in all, about 102 acres originally were used to form Lyon Park. Lyon Park has it’s own community center, citizens association, Women’s Club, and so much more. It’s a very community orientated area.

Looks like it’s a good time to buy in Lyon Park or sell quickly! Look at the numbers for the past 3 years:

January 1 – June 30, 2009

16 Properties Sold

Price Range: $480k – $1.05M

Median Sales Price: $721,200 after 18 Days
Average Sales Price: $784,088 after 33 Days

January 1 – June 30, 2008

10 Properties Sold

Price Range: $468k – $1.56M

Median Sales Price: $762,425 after 75 Days
Average Sales Price: $861,533 after 80 Days

January 1 – June 30, 2009

19 Properties Sold

Price Range: $550k – $1.5M

Median Sales Price: $700,000 after 93 Days
Average Sales Price: $789,908 after 120 Days

Call me if you want to discuss the real estate market in Clarendon, Lyon Park, or any part of Arlington, VA!

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