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%.
Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate.
- 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
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The 44th Leeway Overlee Community Day and Yard Sale will be along the John Marshall Drive/Ohio Street greenway on Saturday, June 3 from 9 a.m. until 1 p.m. The community will be out in force to exchange information and greetings, sell unneeded household items, and pick up a few bargains.
About 100 families set up tables for the festivities, which take place along the six-block stretch of the greenway from near Langston Blvd. to Washington Blvd. Attendance is free, but a $10 fee will be collected from individuals and families selling household items during the event. Ensure that all goods and rubbish are removed from the greenway by 1 p.m. Leave dogs at home.
For more info, call 703-532-6101. If planning to sell, start labeling your items for sale NOW! Event will take place as long as there is not active rain. Rain date is June 10.
36TH FESTIVAL ARGENTINO
ARLINGTON JUNE 3RD, 2023
Sat, June 3rd I 3:30 pm / Shows 5:50 pm I Kenmore Auditorium I Glencarlyn
The 36th Festival Argentino USA celebrates Argentine Day and Cultural Freedom. The folkloric group Los 4 de Córdoba and 25 more artists from Argentina, World, and Solidarity Tribute, 200 years of friendship between USA and Argentina!.
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,
