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.
It has been 13 months since Amazon made their announcement that they had selected Arlington as the location for its second headquarters, or HQ2. The impact that this has had on Arlington County and Northern Virginia as a whole has been felt by all in the housing market.
In a recent article, Realtor.com reported that the median listing price in Arlington County reached $863,000 in October, up almost 33% year over year. While listing prices increase, the number of Active listings is falling, down 49% year over year in October. Some of this is likely due to homeowners holding out on selling their home in anticipation that prices will only continue to rise, contributing to the low inventory issues.
Additionally, we are seeing the days on market timelines drop, making it difficult for potential buyers to even get in line to get their offer in. October’s average days on market in Arlington was around 19, down almost 39% from October 2018.
We live in one of the nation’s hottest and competitive housing markets right now. Investors have already and continue to swoop in to purchase homes quickly, putting local potential buyers in a tough position, especially first-time home buyers. So what does this mean for you if you’re looking to buy or sell a home in Arlington or the surrounding counties? We are here to help! Contact us today for a free buyer consultation or to set up a listing appointment, 571-429-7670 or [email protected].
Below is a list of new homes in the Arlington area:
- 989 Buchanan Street S. Unit 213, Arlington — $545,378 — 924 sq. ft.
- 314 N. Barton Street, Arlington — $1,399,000 — 3,000 sq. ft.
- 6593 Williamsburg, Arlington — $1,699,900 — 5,013 sq. ft.
- 2733 1st Street S., Arlington — $1,199,900 — 3,600 sq. ft.
- 5821 25th Road N., Arlington — $1,795,000 — 5,856 sq. ft.
- 3198 N. Pollard Street, Arlington — $1,798,000 -4,833 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.
Wakefield High School is back open, with heavy hearts and extra vigilance. Last week a student died in the hospital two days after an apparent overdose in a school bathroom….
Settlement in Jail Death Case — “Relatives of a man who died in the Arlington County jail and their attorney would receive about $1.3 million in exchange for dismissal of…
In loving memory of Joseph Robert Kapacziewski, who passed away in 2023 at the age of 41.
In loving memory of James Stuart Edmonds, who passed away in 2023 at the age of 84.
YULA’s ultimate frisbee spring season is now open for registration. We offer programs for middle and high schoolers — open to all players, whether they are new or have previous experience.
In the Middle School league, mixed-gender teams practice once during the week and have games on Sunday afternoons. Spring league is a fun, safe, and positive environment. The season begins mid-March and wraps up with a tournament in early June. There are several options for practice days, so we can often work around schedule conflicts with other sports & activities.
The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.
The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.
Former participants have this to say:
_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village