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.
It’s been an interesting week in Arlington real estate.
On one hand, we’ve seen some crazy bidding wars that continue to push home prices higher. On the other hand, a buyer had a contract accepted on a new listing that included a home sale contingency, meaning they need to sell their home before they can complete the purchase. Home sale contingencies are rarely accepted in Arlington as the risk to the seller is generally unnecessary due to such high buyer demand.
A home in North Arlington settled this week for $132,000 over list price — that was 13% above what the sellers were asking for. Buyers were conducting pre-inspections, removing all contingencies and doing everything they could to have their offers be accepted.
Sellers listed some 68 properties for sale this week. 31 of those were under contract within a week, while buyers ratified a total of 53 properties.
Global concerns over coronavirus do not seem to be impacting our local housing marketplace whatsoever. Some U.S. markets like New York City and Los Angeles have seen a slight slowdown in foreign investment, but fears of broader potential economic ripple effects haven’t really shown up. Arlington has so far shrugged it off.
Arlington inventory is creeping up very slightly, something we begin to see each year around this time — there are now 157 active properties for sale vs. 150 last week.
44 of the available properties in Arlington are new builds — only one of which is priced below $1 million!
We’re still hovering at about three quarters of a month of inventory in Arlington, just about as far into seller’s market territory as it gets. This is not going to even out any time soon, folks. If you’re thinking about selling, now is the time!
Mortgage rates have been holding pretty steady for weeks now, still hovering right around 3.5% for a 30-year fixed rate mortgage. For comparison, this week last year the rate was 4.375%.
- 3600 S. Glebe Rd. #337W, Arlington, VA 22202 — $445,000
- 3459 S. Kemper Road, Arlington, VA 22206 — $675,000
- 2203 20th Street N., Arlington, VA 22201 — $678,000
- 3409 N. Wilson Boulevard #506, Arlington, VA 22201 — $724,900
- 1505 S. Stafford Street, Arlington, VA 22204 — $874,990
- 6207 N. Lee Highway, Arlington, VA 22205 — $999,500
- 4917 15th Street N., Arlington, VA 22205 — $1,399,900
- 3321 3rd Street N., Arlington, VA 22201 — $1,574,900
Everyone has flat screen TVs already so how about a more interesting Black Friday special? The ARLnow Press Club for free, to try out the daily Early Morning Notes email…
There’s not a whole lot going on in Arlington today, save for activity at local shopping centers, so we’re going to fast forward right to the top story countdown. Here…
Statues of Liberty gives thanks this holiday season and grateful for a few things this year.
It’s turkey time. Thanksgiving Eve is upon us and extra revelry can be expected at some local bars tonight, ahead of the holiday. Please be careful on the roads and…
The Optimist Club of Arlington is holding its 76th annual Christmas tree sale!
This year, the tree sale will be held at the Knights of Columbus (5115 Little Falls Road). The lot opens for sales on November 25th. The Optimist Club is selling small and large trees ranging from tabletop size to huge 14 foot tall trees! Wreaths, garlands, tree stands, and White House Christmas ornaments will also be for sale.
100% of all proceeds go towards helping Arlington County youth.
For more information, please visit the Arlington Optimists website at https://optimistclubofarlingtonva.org/.
Art House 7 is a small art studio in Arlington – offering instruction in painting, ceramics, sewing and more. We are looking for kind, dedicated people who love both creating and teaching.
Ceramic Teachers are needed to teach wheel-throwing to adults and 6-12th graders and to teach hand building to elementary grades. Classes have 3-8 students.
Drawing teachers are needed to teach either kids or adults. For kids, we offer cartooning, manga or traditional drawing. For adults, we only offer traditional drawing.
Painting teachers are needed to teach either kids or adults. We offer oil, acrylic or watercolor for adults or teens. All elementary classes use acrylic and tempera.
NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.
Outstanding Young Artist