Just Listed highlights Arlington properties that just came on the market. This biweekly feature is written and sponsored by Coral Gundlach Homes.
Hello Arlington!
Coral Gundlach here with Coral Gundlach Homes at Compass in Arlington. I’ve been an Arlington homeowner since 2001 and a Realtor since 2004. I love this real estate market, even though it has its challenges.
It appears spring-like weather is finally catching up with the “spring” real estate market, which has been going since January. The market continues to be very fast paced and tilted towards the sellers’ advantage in almost all categories, but there are always exceptions.
As of today (Friday, March 15) there are currently 231* Active and Coming Soon Listings in Arlington, including all property types. Following is a breakdown of the Active by category:
- 90 are detached homes
- 21 of those homes are townhouses/duplex/semi-attached
- With 99 condos/coops — this includes townhouse style condos
A slight increase in inventory! 20 detached homes went under contract in the past 7 days, 11 of those went under contract in less than one week. 28 detached homes were either listed or re-listed. So we are still selling off just about all detached inventory, statistically every week, with a slight gain in inventory.
Thirteen new townhomes were newly listed/re-listed in the past week and 8 went pending in the past week, also slightly ahead. Those range from $615,000 for a 3 bedroom, 2.5 bathroom duplex with 1313 square feet in Fort Barnard Heights to a 5 bedroom, 3.5 bath 4,525 square foot Ballston townhouse built in 2018 for $1,950,000.
Thirty were newly listed/re-listed this week and 30 went pending. Prices range from $119,000 for a 442 square foot studio co-op in River Place North. Fees are $335 a month and include all utilities. Highest priced condo is a 3 bedroom. 3.5 bath 3,100 square foot home in Turnberry Tower for $3,500,000 with fees of $2,632/month.
Detached prices range from $655,000 for a 2 bedroom, 1 bath 1080 square foot colonial in Columbia Forest to a 6 bedroom, 6 bathroom 5119 square foot colonial in Country Club Hills for $4,900,000.
Contact Coral Gundlach Homes today at (703) 200-3631 or email [email protected] to talk more about buying or selling Arlington real estate.
This week’s Just Listed features:
1706 North Taylor Street, Arlington VA, 22207 — $1,200,000
We will feature one that is neither highest or lowest this week. 1706 North Taylor Street is a bright and light Bungalow/Cape Cod Style home in Waverly Hills. It is a 4 bedroom, 2 bath 1,631 square foot home on a 7,436 square foot lot, priced in the middle range of Arlington homes at 1,200,000. It is listed by Marga Pirozzoli and Justine Pope of Compass. It is open Saturday and Sunday from 1-3 p.m.
*We exclude The Jefferson in the overall list. It is a 55 plus only community and comes with extraordinarily high monthly fees which offset the low prices. The prices and days on market do not reflect the overall general market.
Want to see more Just Listed properties? Interested in an Open House this weekend? We’re happy to show them to you privately! Click here or contact Coral Gundlach Homes.
Please note: While Coral Gundlach Homes provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.
Just Listed highlights Arlington properties that just came on the market. This biweekly feature is written and sponsored by Coral Gundlach Homes.
Hello Arlington!
Coral Gundlach here with Coral Gundlach Homes at Compass in Arlington. I’ve been an Arlington homeowner since 2001 and a Realtor since 2004. I love this real estate market, even though it has its challenges.
Inventory in Arlington real estate continues to be light.
As of today (Friday, March 1) there are 225 listings in Active or Coming Soon, and 200 of those are Active.
There were 51 new listings as of publication time. They range from a $174,900 one bedroom co-op in River Place to a $3,595,000 pre-construction new build in Lyon Village.
Only 22 of those were detached homes that were just listed or re-listed in the past week (re-listed could mean after a price reduction or a change to the home). However, there were also 21 detached homes that went under contract in the last 7 days. So just about as many as we are listing are getting scooped up.
The remaining homes break down as follows:
- 4 new townhouses between $599,000 and $1,074,999
- 20 condos or co-ops (non-townhouse style) ranging between $174,900 and $1,150,000.
Contact Coral Gundlach Homes today at (703) 200-3631 or email [email protected] to talk more about buying or selling Arlington real estate.
This week’s Just Listed features:
2801 N. Dinwiddie, Arlington VA, 22207 — $1,195,000
One that got scooped up and went straight to Pending this past week was 2801 N. Dinwiddie, for $1,195,000 which was scored by my lucky buyers. It was a 3 bedroom, 3 bath split level with an addition in popular Shirley Woods in 22207. It got 4 offers after one weekend on the market. It was listed by Carolyn Connell of Keller Williams.
6577 29th Street North, Arlington VA, 22213 — $2,599,000
Another detached home that was just re-listed after going off the market to finish construction, with a new price and has its first house this weekend — 6577 29th Street North is a brand new beauty listed by Chris Kopisades of Beacon Crest Homes, with an asking price of $2,599,000. It is a stunning Transitional style home with 5 bedrooms, 4.5 bathrooms and over 5380 square feet in popular Berkshire Oakwood, just about a mile from the East Falls Church Metro. It’s Open Sunday, March 3 from 1-4 p.m.
As always, I am here to answer your questions or help you see any of these newly listed homes on the market.
Want to see more Just Listed properties? Interested in an Open House this weekend? We’re happy to show them to you privately! Click here or contact Coral Gundlach Homes.
Please note: While Coral Gundlach Homes provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.
Just Listed highlights Arlington properties that just came on the market. This biweekly feature is written and sponsored by Coral Gundlach Homes.
Hello Arlington!
Coral Gundlach here with Coral Gundlach Homes at Compass in Arlington. I’ve been an Arlington homeowner since 2001 and a Realtor since 2004. I love this real estate market, even though it has its challenges.
The biggest challenge we face right now is a lack of new listings, which leads to higher prices, bidding wars, and less affordability, making homeownership difficult for many people. The flip side is that appreciation is strong, and Arlington real estate continues to be a solid investment.
Following what is just listed has been a daily practice of mine, and I am excited to share my thoughts with you on the numbers, highlight some interesting listings, and help readers understand the context of the numbers in our market.
This week 56 new listings launched on the market in Arlington, including…
- 23 detached houses were listed between 725,000 and $3,750,000
- 12 townhomes/duplexes between $449,000 and $1,399,000 (some of these are condo ownership)
- 20 condos/non-townhouse style were listed between $218,000 and $2,999,000
Although detached homes in Arlington are pricey, there are affordable condo options.
Contact Coral Gundlach Homes today at (703) 200-3631 or email [email protected] to talk more about buying or selling Arlington real estate.
This week’s Just Listed features:
5008 North Carlin Springs Road, Arlington VA, 22203 — $1,075,000
In the just over a million and best bang for the buck detached category, my Compass colleague Katie Loughney has a listing on Carlin Springs Road for $1.075 Million. It is a remodeled 4 bedroom, 3.5 bath colonial within walking distance to Ballston. It has 2,444 square feet on a 7,513 square foot lot. It even has an ensuite primary bath with a soaking tub and shower, a 2 car garage, and backs to woods. This is a rare combination of features in this neighborhood and price point.
1300 South Arlington Ridge Road Unit 705, Arlington VA, 22202 — $250,000
One of the lowest-priced new listings is in the Cavendish, a condo built in 1958 with fees of $774 a month — a 728 square foot one-bedroom for $250,000. It is within walking distance of Metro, Amazon HQ2, and all that Pentagon City and Crystal City have to offer. Offering a recently renovated bathroom and updated windows and kitchen, it is on the top floor, and has lots of sunlight. Listed by James Wu and Steven Chang at Compass.
2601 North Winchester Street, Arlington VA, 22213 — $660,000
This last home is a rare duplex. These are kind of a hybrid of a townhouse and a detached home, as there is only one side attached and the other side is open. This one is a 2 bedroom, 2 bath 1,240 square foot home with no HOA or Condo fees, for $660,000. It is walkable to East Falls Church Metro in the under-the-radar 22213 neighborhood. It is listed by Anna Botha of Berkshire Hathaway HomeServices PenFed Realty.
Want to see more Just Listed properties? Interested in an Open House this weekend? We’re happy to show them to you privately! Click here or contact Coral Gundlach Homes.
Please note: While Coral Gundlach Homes provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Good morning Arlingtonians, and welcome to JUST LISTED!
Each week I lead off on interest rates because of just how much they are impacting our marketplace. This week, interest rates backed off just a hair, and we’re seeing more market activity as a result. Dropping just four basis points to 6.66%, this leveling off can actually feel like relief to buyers who have been feeling the pressure of the continued surge the past few weeks (and majority of the year, at that).
This week in Arlington, sellers listed 50 homes for sale (14 less than last week), while buyers ratified 49 contracts, 11 of which were on homes just listed in the last seven days.
Of the 409 homes currently available for sale (six less than last week), 139 are detached homes, 60 are semi-detached/town houses, and 210 are condos. Of those currently available properties, the average asking price is $936,828 and the median is $714,900. These properties have been sitting on the market for 53 days on average, while the median is 29.
PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 1414 S. Barton Street #445, Arlington, VA 22204 — $469,000.
Welcome home to this private, fully renovated two-level home facing the woods; this is the best spot in all of Arlington Village! Featuring two bedrooms, 1 bathroom and 994sf of finished living space as well as a front porch and large rear deck, this home is truly move-in ready. Gorgeous, refinished hardwood floors, freshly painted top-to-bottom, abundant storage and loads of character, this home is not one to miss!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 1414 S. Barton Street #445, Arlington, VA 22204 — $469,000
- 1107 S. Walter Reed Drive #402, Arlington, VA 22204 — $675,000
- 1022 N. Randolph Street, Arlington, VA 22201 — $800,000
- 1521 N. Kentucky Street, Arlington, VA 22205 — $850,000
- 31 N. Trenton Street, Arlington, VA 22203 — $1,185,000
- 1504 S. Stafford Street, Arlington, VA 22204 — $1,199,000
- 1825 N. Quesada Street, Arlington, VA 22205 — $1,985,000
- 4015 N. Randolph Street, Arlington, VA 22207 — $2,350,000
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Welcome to JUST LISTED, Arlingtonians!
I’ll pile on the bad news for those seeking a mortgage and let you know right off the bat that rates have continued to surge, with Freddie Mac reporting that over the past week, the average rate has hit 6.7%, and that’s with almost a full point at closing!
Wow, compare this to the same week last year when mortgage rates were 3.01%. This translates to well over $1,000 in additional costs for a typical Arlington mortgage, per month!
What does this mean for buyers and the market? Well, it means it has gotten more expensive to finance a home, but the rest of the calculation is the same — go ahead and buy that home, live in it for five or more years, and expect that you may refinance somewhere along the way! Mortgage rates are not likely to stay this high, though they may continue to rise in the short term — there will be opportunity down the road to correct your mortgage payment with a lower interest rate. Give strong consideration to an ARM (adjustable-rate mortgage) product these have surged in popularity recently and can save you a lot of money.
This week in Arlington, sellers listed 64 homes for sale (three more than last week), while buyers ratified 45 contracts, 19 of which were on homes just listed in the last seven days.
Of the 415 homes currently available for sale (one more than last week), 137 are detached homes, 69 are semi-detached/town houses, and 209 are condos. Of those currently available properties, the average asking price is $919,984 and the median is $699,999. These properties have been sitting on the market for 53 days on average, while the median is 29.
PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 2735 Fort Scott Drive, Arlington, VA 22202 — $1,650,000.
This is a once in a generation (or two or three) opportunity to own a one-of-a-kind storied Arlington Colonial with views! In the same family for over half a century, this beautiful home shines with loads of charm, character and attention to detail. Beautiful wrap around staircases, soaring 20′ ceilings in the foyer, seven bedrooms, four full bathrooms and one half bathroom and nearly 5,000sf of finished space on all four levels. An almost 10,000sf lot overlooks Crystal City’s skyline and into Washington, D.C. Gorgeous hardwoods throughout, large proportioned rooms, a very functional floor plan and a walk-out lower level are just some of the features of this wonderful home.
Find my team there this weekend for public open houses, Saturday 1-4 p.m. and Sunday 1-3 p.m.!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 4626 34th Street S., #1602, Arlington, VA 22206 — $469,000
- 3107 9th Road N., Arlington, VA 22201 — $835,000
- 3206 22nd Street N., Arlington, VA 22201 — $925,000
- 1142 N. Vernon Street, Arlington, VA 22201 — $990,000
- 1332 N. Danville Street, Arlington, VA 22201 — $1,125,000
- 2735 Fort Scott Drive, Arlington, VA 22202 — $1,650,000
- 1732 N. Veitch Street, Arlington, VA 22201 — $2,075,000
- 3712 N. Woodrow Street, Arlington, VA 22207 — $2,375,000
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Good morning, Arlingtonians, and welcome to JUST LISTED!
Well, the negative economic news continues to weigh heavily on interest rates, and Wednesday’s Fed rate hike marks three in a row at 75 basis points, or ¾%. The reality is that we are approaching, and in some regards have already hit, an affordability ceiling. The 30 year fixed rate mortgage averages 6.29% over the past week according to Freddie Mac, the highest it’s been since October of 2008.
Many like to point out that these rates are reasonable, at least historically. While that’s true, what that sentiment does not take into account is that home prices were hundreds of thousands of dollars lower, and it also does not factor in that incomes haven’t kept up with house prices. So, we do in fact have an affordability problem now that interest makes up such a large share of a monthly mortgage payment.
This is impacting the local real estate market. Sellers feel it, agents feel it, and buyers are, well, missing. Sure, there is some activity, but it is massively impacted by the things I mention above, and transactional volume is down while inventory is rising. The supply and demand equation that drives real estate is shifting, and it is taking longer to sell a home, even in a highly desirable area such as Arlington.
Right now, there are 30 properties in “Coming Soon” status. This does not account for all of the new and upcoming inventory we’ll see hit the market in coming weeks, but it does show that sellers still plan to sell homes this fall, potentially adding to the rising inventory we’ve seen for the past five weeks.
This week in Arlington, sellers listed 61 homes for sale (21 less than last week), while buyers ratified 14 contracts (15 less than last week), just 10 of which were on homes just listed in the last seven days.
Of the 414 homes currently available for sale (20 more than last week), 140 are detached homes, 59 are semi-detached/town houses, and 215 are condos.
Of those currently available properties, the average asking price is $916,448 and the median is $699,950. These properties have been sitting on the market for 52 days on average, while the median is 30.
This week last year, there were 555 properties available for sale, sellers listed 77 homes and buyers ratified 77 contracts. Mortgage rates were 2.88%!
PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 1912 N. Daniel Street, Arlington, VA 22201 — $950,000.
You won’t want to miss this gorgeous brick townhome featuring three bedrooms, two full bathrooms and one half bathroom, loaded with recent updates and renovations. Nearly 2,000sf of finished living space, a gorgeous white kitchen with Calcatta Gold Quartz countertops and brand new stainless steel appliances, hardwood floors throughout, an envious owners suite and an attached one car garage! Note, our team has an ownership interest in this property.
Find my team there this weekend for public open houses, Saturday and Sunday 1-3 p.m.
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 4844 28th Street S. #A, Arlington, VA 22206 — $549,999
- 3420 S. Stafford Street, Arlington, VA 22206 — $590,000
- 319 S. Abingdon Street, Arlington, VA 22204 — $875,000
- 1328 S. Rolfe Street, Arlington, VA 22204 — $919,900
- 1912 N. Daniel Street, Arlington, VA 22201 — $950,000
- 533 N. Oxford Street, Arlington, VA 22203 — $999,000
- 2607 S. June Street, Arlington, VA 22202 — $1,495,000
- 4600 26th Street N., Arlington, VA 22207 — $2,825,000
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Hey, Arlingtonians, and welcome to JUST LISTED!
Mortgage rates just topped 6%, another fresh new high since 2008. The persistent inflationary environment is spooking banks and it’s really showing up in the cost of borrowing money.
“Will this make home prices go down?” No, it will not, not necessarily. Nationally, there are some indications that home prices are falling, though only in certain instances or price points. With that being said, overall inventory nationally, but especially locally, is very low. This means that prices will stay propped up; remember, at the end of the day this is still and always will be, a supply and demand equation. If there are more buyers than sellers, prices generally will remain the same, or rise.
Another week of solid new listings has resulted in slight growth in available inventory — expect this to continue for at least the next few weeks, possibly longer, as fall approaches. After all, fall is the “second spring market” and is historically a great time to sell a home.
As I write this, there are 30 properties in “Coming Soon” status, a good indicator that more and more properties will become available over the next 21 days.
This week in Arlington, sellers listed 82 homes for sale (14 more than last week), while buyers ratified 59 contracts (16 more than last week), 27 of which were on homes just listed in the last seven days. Of the 394 homes currently available for sale (2 more than last week), 134 are detached homes, 57 are semi-detached/town houses, and 203 are condos.
Of those currently available properties, the average asking price is $926,076 and the median is $699,999. These properties have been sitting on the market for 55 days on average, while the median is 34.
This week last year, there were 555 properties available for sale, sellers listed 107 homes and buyers ratified 79 contracts. Mortgage rates were 2.86%!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 1021 N. Garfield Street #B29, Arlington, VA 22201 — $505,000
- 4819 28th Street S. #A, Arlington, VA 22206 — $519,000
- 3800 Fairfax Drive #611, Arlington, VA 22203 — $578,000
- 880 N. Pollard Street #925, Arlington, VA 22203 — $579,900
- 3463 Kemper Road, Arlington, VA 22206 — $915,000
- 500 N. Nelson Street, Arlington, VA 22203 — $954,900
- 1718 N. Wayne Street, Arlington, VA 22201 — $2,949,999
- 1801 N. Herndon Street, Arlington, VA 22201 — $3,195,000
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Good morning and welcome to JUST LISTED, Arlingtonians!
WOAH — mortgage rates just hit their highest average since 2008 — 5.89% average for the standard, 30-year fixed rate mortgage. This continued upward trend reflects the nervous sentiment about the overall trajectory of the economy, the persistent and elevated rate of inflation and simple uncertainty that comes from this.
The flood of inventory I predicted would hit our marketplace just after Labor Day is here, and available properties just jumped significantly, after a six-week run of decreasing inventory.
Additionally, as of now, there are 24 properties in “Coming Soon” status, many of which will begin hitting the market over the next few days and within 21 days at most. This number varies greatly depending on the day of the week, due to the weekly cycle most agents follow of listing properties in “active” status on Thursday and Friday.
What are we seeing in the market right now? Well, we’re seeing some things we hadn’t for a long time. Lowball offers, houses sitting that everyone thought would sell, an abundance of price reductions to find the marketplace, and overall lower activity on all fronts. The reality of our market, and how fast it has shifted is lost on some, especially on sellers. The days of intense bidding wars, large price escalations and over-exuberance are largely behind us, and that may be the new norm, for a while.
This week in Arlington, sellers listed 68 homes for sale (22 more than last week), while buyers ratified 43 contracts, 12 of which were on homes just listed in the last seven days. Of the 392 homes currently available for sale (34 more than last week), 131 are detached homes, 62 are semi-detached/town houses and 199 are condos.
Of those currently available properties, the average asking price is $902,205 and the median is $715,000. These properties have been sitting on the market for 55 days on average, while the median is 37.
This week last year, there were 532 properties available for sale, sellers listed 93 homes and buyers ratified 41 contracts. Mortgage rates were 2.88%!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out.
- 1804 S. Nelson Street, Arlington, VA 22204 — $745,000
- 2332 N. Columbus Street, Arlington, VA 22207 — $949,990
- 6124 11th Street N., Arlington, VA 22205 — $1,175,000
- 4666 20th Street N., Arlington, VA 22207 — $1,299,900
- 4405 1st Street S., Arlington, VA 22204 — $1,324,990
- 4715 38th Place N., Arlington, VA 22207 — $1,395,000
- 2407 N. Rockingham Street, Arlington, VA 22207 — $1,569,000
- 1626 N. Adams Street, Arlington, VA 22201 — $1,699,900
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Welcome to JUST LISTED, Arlingtonians!
Mortgage rates continue to rise, averaging 5.66% over the past seven days. This is due to the continued aggressive monetary policies the Fed is taking as they contend with consistent, high inflation.
It’s anyone’s guess just how high rates will go, but expect that they have not peaked yet. The Fed keeps moving the goalposts, and banks, consumers and markets will continue to tumble and seek shelter until we receive more clarity. This unpredictability translates into a tumultuous fall for the housing market.
The inventory slide continues for the seventh straight week, indicating that despite interest rates, demand in Arlington remains strong overall. This resilience in Arlington is nothing new, it played out in 2008 and has for many decades, but the market is not irrational either. Most of the exuberance we witnessed over the past two years had to slow at some point, and the market does continue to slow now.
Open houses are slow, private agent showings are dwindling and sellers continue to make price adjustments to find the current market. Price growth trajectory is predicted to slow significantly for the next 6-9 months and possibly beyond.
This week in Arlington, sellers listed 46 homes for sale (10 more than last week), while buyers ratified 42 contracts, nine of which were on homes just listed in the last seven days.
Of the 358 homes currently available for sale (six less than last week), 120 are detached homes, 54 are semi-detached/town houses and 184 are condos.
Of those currently available properties, the average asking price is $919,219 and the median is $730,000. These properties have been sitting on the market for 61 days on average, while the median is 43.
This week last year, there were 483 properties available for sale, sellers listed 63 homes and buyers ratified 56 contracts. Mortgage rates were 2.87%!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 4118 36th Street S. #A2, Arlington, VA 22206 — $569,900
- 3543 S. Stafford Street #B, Arlington, VA 22206 — $575,000
- 3213 6th Street S., Arlington, VA 22204 — $817,000
- 1300 Crystal Drive #PH12S, Arlington, VA 22202 — $875,000
- 812 S. Wakefield Street, Arlington, VA 22204 — $975,000
- 731 26th Street S., Arlington, VA 22202 — $975,000
- 525 N. Ivy Street, Arlington, VA 22201 — $1,199,981
- 417 N. George Mason Drive, Arlington, VA 22203 — $1,259,900
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Hello Arlingtonians, and welcome to this week’s edition of JUST LISTED!
At the risk of sounding like a broken record, mortgage rates are surging and inventory is plummeting. This puts us in an interesting position heading into the fall which is typically a busy time for real estate transactions in the region and especially in Arlington.
Rates just hit their highest level in two months, reaching 5.55% for a 30-year fixed rate mortgage!
Inventory had built up quite a bit, and in fact, it has plummeted by 20% in just the last six weeks! Our housing market looks well positioned heading into the fall and should be able to withstand any economic swings that may arise.
We’re hearing questions about price stability here in Arlington and the region more broadly. Specifically, are prices going down? The short answer — no, prices are steady. We simply do not have a buildup of inventory to result in a shift in the supply and demand equation, and I do not expect that to change anytime soon. The reason prices would decline is the opposite of why the rise, a dramatic decline in demand, but there are just too many things happening in Arlington that continue to make this one of the most in-demand regions in the country.
This week in Arlington, sellers listed 36 homes for sale, while buyers ratified 51 contracts, 14 of which were on homes just listed in the last seven days.
Of the 366 homes currently available for sale (24 less than last week), 119 are detached homes, 53 are semi-detached/town houses and 194 are condos.
Demand for condos has continued to be very strong as purchasing power declined this year. Condos tend to be the most affordable type of housing in Arlington, so with mortgage payments rising based on higher interest rates, it was very predictable that the condo market would recover this year, and it has! You might recall that in 2020 and into 2021, many people were leaving condos for more space as well as able to afford more home, so townhomes and detached homes soared while condos sat…
Of those currently available properties, the average asking price is $916,103, and the median is $694,950. These properties have been sitting on the market for 61 days on average, while the median is 42.
This week last year, there were 511 properties available for sale, sellers listed 50 homes and buyers ratified 44 contracts. Mortgage rates were 2.87%!
PICK OF THE WEEK — 2700 S. Grant Street, Arlington, VA 22202 — $1,099,000
Welcome home to this beautiful brick colonial perched on a quiet street in Aurora Hills. Featuring four bedrooms, two full and one half bathroom and loads of updates throughout, including bathrooms and the kitchen. A foyer entry leads to a large living room that opens to the dining room and open concept kitchen with bar seating. A sun porch on the side of the home leads to the surprisingly private, serene and terraced backyard with a screened gazebo! Radiant heat throughout the home, loads of storage, a basement rec room and large storage/ utility area, and driveway parking — this one is not going to last.
Find myself, and my team here this weekend — Saturday and Sunday public open houses from 1-4 p.m.
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 1200 S. Arlington Ridge Road #407, Arlington, VA 22202 — $349,900
- 1300 Army Navy Drive #517, Arlington, VA 22202 — $490,000
- 1200 N. Nash Street #241, Arlington, VA 22209 — $650,000
- 1727 S. Fillmore Street, Arlington, VA 22204 — $849,900
- 1300 Crystal Drive #PH12S, Arlington, VA 22202 — $875,000
- 1608 N. Utah Street, Arlington, VA 22207 — $900,000
- 2700 S. Grant Street, Arlington, VA 22202 — $1,099,000
- 5201 S. 12th Street, Arlington, VA 22204 — $1,499,900
Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Good morning Arlingtonians, and welcome to this week’s edition of JUST LISTED!
Inventory in Arlington is falling, and it’s falling fast. With buyers outpacing sellers on number of homes ratified vs. number of new homes listed for sale, we’ve got the lowest inventory of currently available homes in the past three months.
Interest rates took a bit of a breather, falling just nine basis points to an average of 5.13% for a standard 30-year fixed rate mortgage.
This week in Arlington, sellers listed 42 homes for sale, while buyers ratified 53 contracts, 13 of which were on homes just listed in the last seven days.
Of the 390 homes currently available for sale (27 less than last week), 125 are detached homes, 53 are semi-detached/town houses, and 212 are condos.
Of those currently available properties, the average asking price is $887,433 and the median is $667,000. These properties have been sitting on the market for 58 days on average, while the median is 37.
This week last year, there were 506 properties available for sale, sellers listed 53 homes and buyers ratified 59 contracts. Mortgage rates were 2.86%!
PICK OF THE WEEK — 900 18th Street S., Arlington, VA 22202 — $1,375,000
Built in 2000, this Arlington Colonial boasts a surprising amount of living space across four finished levels, over 4,100sf! Center hall entryway leads to a large open concept main level with gorgeous flooring, large, eat-in kitchen with granite counters and an island seating area, formal living, office space, a large family room and a convenient powder room. Dual, large owner’s suites upstairs, as well as three additional bedrooms and two hall bathrooms, plus a flexible space for home school, workouts, games and more!
Lower level with separate entry could serve as an in-law suite and features a kitchenette. Two car garage, rear patio, loads of natural light throughout the whole home and plenty of updates including multiple brand-new bathrooms, this home is move-in ready!
Find myself, and my team here this weekend — Saturday and Sunday (August 20-21) public open houses from 1-4 p.m.
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!
- 2808-A 16th Road S., Arlington, VA 22204 — $379,900
- 1001 N. Randolph Street #1003, Arlington, VA 22201 — $399,900
- 3415 S. Wakefield Street #1209, Arlington, VA 22206 — $674,900
- 2810 N. Harrison Street, Arlington, VA 22207 — $900,000
- 3001 S. Hill Street, Arlington, VA 22202 — $925,000
- 862 N. Arlington Mill Drive, Arlington, VA 22205 — $950,000
- 3109 Military Road, Arlington, VA 22207 — $1,293,250
- 900 18th Street Street, Arlington, VA 22202 — $1,375,000