Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!
Please note: While Aaron Seekford provides this information for the community, he may not be the listing agent of these homes.
A few days ago, an article on MarketWatch dubbed our real estate as currently being “crazy.”
It’s generally a good crazy, if you own property… and the craziness is still being attributed to Amazon’s HQ2 announcement.
Let’s look at some numbers. The average selling price popped 4.3 percent between March and February… of this year. Yowsers. While there are certainly some price fluctuations throughout the year, prices are up nearly 5 percent year-over-year.
Additionally, the number of active listings and homes sold is down, equating to a 23 percent and 10.4 percent drop year-over-year, respectively.
So, if you’re looking to sell, you are absolutely in the driver seat at the moment. It’s time to make the most of your rosy scenario. And, if you’re buying, it has never been more important to navigate the landscape with caution. While the market may be hot, you need to ensure you’re still getting the most bang for your buck.
When you’re ready to chat through your options, our team is ready to help you GET MORE out of your transaction.
As of April 15, there are 150 detached homes, 21 townhouses and 105 condos for sale throughout Arlington County. In total, 21 homes experienced a price reduction in the past week:
- 4105 N. Randolph Court, 22207 — NOW: $2,199,000 (Reduced: $50,000 on 4/13)
- 2805 N. Lexington Street, 22207 — NOW: $1,599,000 (Reduced: $30,001 on 4/10)
- 4148 N. Round Hill Road, 22207 — NOW: $1,249,000 (Reduced: $50,000 on 4/12)
- 4605 26th Street N., 22207 — NOW: $1,029,900 (Reduced: $65,100 on 4/11)
- 2014 S. Langley Street, 22204 — NOW: $869,000 (Reduced: $30,900 on 4/12)
- 1200 S. Crystal Drive #1212, 22202 — NOW: $819,000 (Reduced: $20,000 on 4/10)
- 2800 S. Ives Street, 22202 — NOW: $715,000 (Reduced: $30,000 on 4/10)
Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.