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.
Arlington is TOUGH right now!
A lot of buyers are asking us when this is going to let up. While we can’t entirely see into the future, I do have some insight into it… and the best answer I can give is… it doesn’t look like it will slow anytime soon.
We’re out every day on listing appointments, so we do actually have insight into the short-term future of Arlington real estate. With that said, it will take a lot more listing appointments by us and other agents to even start to change this story.
Now is the time to sell your home — if you’re even partially on the fence, give me a call so we can talk about a realistic outcome for your sale.
Short inventory will be the story well into 2020, and likely beyond.
Arlington buyers are getting so discouraged they are starting to look elsewhere. Neighboring counties are the logical next step for buyers who can’t find or ratify on a suitable property in our county. Some of the holdover inventory from these slightly-less-hot markets is being absorbed almost by necessity. With rents expected to continue to rise, especially as Amazon HQ2 ramps up in Arlington, this is going to further squeeze first-time home buyers and move-up buyers as well.
There are 155 homes for sale in Arlington. 91 are detached homes, 11 are townhouses/semi-detached, and 53 are condos.
Sellers listed some 67 properties for sale this week. Buyers ratified 53 contracts, 37 of which were homes that had been on the market one week or less! Buyers have to be decisive and prepared to move at lightning speed to even have a chance in this market.
Mortgage rates are now the lowest they have been in 8 years! If you own a home and have a mortgage over 4%, you should SERIOUSLY consider refinancing — it could save you a TON of money!
Rates dipped to 3.375% this week on coronavirus fears as the benchmark 10-year treasury yield dipped to its lowest point ever.
Some extremely competitive lenders are locking homeowners in at 3.25% for a refinance. Rates for a new purchase are even lower in some cases — but that only matters if you can find a home to buy and get a ratified contract!
My recommendation — call Jawad Hamandi (703) 587-6059 of MVB Mortgage today to talk about refinancing. The Andors Real Estate Group has been working with Jawad for 22 years and he has handled our personal mortgages as well as countless mortgages for our clients. We know you’ll enjoy working with him and also enjoy the savings a refinance can provide!
- 2330 14th Street N. #106, Arlington, VA 22201 — $435,000
- 973 S. Taylor Street, Arlington, VA 22204 — $519,000
- 4821 9th Street N., Arlington, VA 22203 — $674,900
- 2102 N. Tazewell Court., Arlington VA 22207 — $768,000
- 4817 26th Street N., Arlington VA 22207 — $1,499,000
- 3153 21st Street N., Arlington, VA 22201 — $1,685,000
- 3806 N. Dittmar Road, Arlington VA 22207 — $1,899,000
- 1881 N. Nash Street #1011, Arlington VA 22209 — $2,200,000