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.
The impacts of this pandemic are apparent in many ways — walking through Home Depot and an Arlington grocery store yesterday, the feelings of fear, uncertainty and distrust were palpable.
With that said, it’s been great to see so many people enjoying their time off from work — I have seen more bikers, walkers and runners than ever before! Silver lining of this pandemic? Spring is here!
The impacts to the real estate market are starting to emerge, but first signs are not what I expected. We’re seeing lots of special instructions for house listings including limiting the number of people accompanying on a home tour, requests of everyone to wash hands as soon as they arrive and limited showing hours. Some brokerages are canceling open houses until further notice, but others are going on as planned.
This is of course uncharted territory and things are changing daily. With that said, one thing remains very true about housing in general, and that is that people need housing.
Many things are grinding to a halt-school is out, the stock market is tanking, restaurants are closing-but many things don’t stop. Many leases will still be coming to an end this spring and families will need to keep a roof over their head. Mortgage interest rates are phenomenal, and buyers would love to lock in a low monthly payment on a great Arlington residence for the next 30 years.
Fundamental drivers of the housing market — major life events such as job changes (or, around here, military orders), births and deaths, marriage or divorce, and growing kids will necessitate buying and selling real estate.
At some point in the hopefully not-too-distant future, COVID-19 will be in the past and we’ll resume life as normal.
There are currently 202 homes for sale in Arlington. 115 are detached homes, 19 are townhouses/semi-detached, and 68 are condos. Median list price of available properties is $999,450, while the average is $1,193,867.
Sellers listed some 84 properties for sale this week. Buyers ratified 52 contracts, 33 of which were homes that had been on the market one week or less.
PICK OF THE WEEK — The Andors Real Estate Group is proud to have Just Listed a charming 1940’s all-brick Colonial in historic Bon Air! This south-facing 4 bedroom, 2 bathroom home sits on a flat 6,000 sq. ft. lot and is packed with character — $735,000.
You can find me hosting this property open on Sunday, March 22 from 1-4 p.m. I may remind you to wash your hands.
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. Below are eight homes that are new this week that I think you might like to check out.
- 5622 8th Street S., Arlington, VA 22204 — $419,900
- 888 N. Quincy Street #1309, Arlington, VA 22203 — $690,000
- 1511 N. Rolfe Street #A302, Arlington, VA 22209 — $718,000
- 5245 5th Street N., Arlington, VA 22203 — $735,000
- 6518 16th Street N., Arlington, VA 22205 — $1,250,000
- 627 N. Jefferson Street, Arlington, VA 22205 — $1,325,000
- 1732 N. Veitch Street, Arlington, VA 22201 — $1,599,000
- 3006 N. Tuckahoe Street, Arlington, VA 22213 — $1,650,000
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There has been a modest, but noticeable drop in the intensity of demand and buyer activity over the last 3-4 weeks.
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