Welcome to New Homes, a biweekly column highlighting the new construction real estate market, written by Conor Sullivan and Dave Moya of Three Stones Residential at Keller Williams Realty. We are here to share our experience and expertise in lot acquisition, financing and construction of custom homes.
As we shift gears from summer to fall and things ramp back up at school and work, we’ve put together a current state of the market for New Home Construction in Arlington County.
Typically we see a lag in the market in the brutally hot summer months. However, that was not the case this year. Let’s look at the numbers for the last 180 days for single family homes built in 2018 or later:
- 55 new homes Sold
- Average Sales Price: $1,719,748
- Median Sales Price: $1,639,000
- Low Sale: $1,200,000
- High Sale: $2,877,102
- Avg. Days on Market: 125
There are currently 23 new homes that are under contract and 33 new homes listed as Active on the Multiple Listing Service (MLS). Based on the last six months, this means there is only a 2.7 month supply of New Homes for sale in Arlington. Anything under 6 months is a sellers market so we are still very much in a seller’s market.
If you are interested in a more in depth analysis or are considering buying or selling, please contact us directly at [email protected].
Below is a list of new homes currently on the market in Arlington.
- 3532 N. Ohio Street, Arlington — $1,590,012 — Custom sq. ft.0
- 705 N. Barton Street, Arlington — $1,795,000 — 3,650 sq. ft.
- 2320 N. Vernon Street, Arlington — $1,850,000 — 4,282 sq. ft.
- 4278 38th Street N., Arlington — $2,645,000 — 6,071 sq. ft.
- 3200 N. Abingdon Street, Arlington — $2,850,000 — 6,691 sq. ft.
Want to learn more about financing a New Home build? McLean Mortgage (NMLS ID: 99665) can handle all of your construction financing needs. You can build your new home with as little as 5% down. Contact construction loan expert Troy Toureau (NMLS ID: 5618) at 301-440-4261 or AnyHomeLoans.com to learn more.