Arlington, VA

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.

Housing is essential, even during a pandemic. Your housing needs, and a real estate agent’s ability to help you with those needs, are essential.

All of the businesses supporting real estate transactions, such as photographers, stagers, inspectors, appraisers and lenders, are also still operating and fulfilling their part of the process of purchasing and selling real estate.

The Andors Real Estate Group is open for business — call me at (703) 203-1117 if you’re considering buying or selling real estate in Northern Virginia or D.C. — we’re here to help and be a resource during these uncertain times.

Mortgage rates have dropped for two weeks in a row, near to the lows we had seen before the COVID-19 pandemic got into full swing here in the U.S. A 30-year fixed is around 3.3%. This is one of many reasons why it’s still a great time to buy, though that is of course tempered with record unemployment filings and general market uncertainty.

Buyers in Arlington are still out there in droves and many new listings this week received dozens of showings, multiple offers and price escalations of 5% or more!

Arlington is a resilient county and historically we have been significantly sheltered from economic recessions. Many Arlington residents work in jobs that have transitioned to telework and many will still find themselves needing new housing. Additionally, one of the many drivers of our market is military moves, or PCS orders, and only some of those have been temporarily put on hold. The rest should be incoming and outgoing in the coming months.

There are currently 204 homes for sale in Arlington. 119 are detached homes, 18 are townhouses/semi-detached, and 67 are condos. Last week there were 211 homes for sale.

The median list price of available properties is $­­­1,089,000, while the average is $1,185,953. These numbers are ticking up slightly, directly in line with my thinking that pricier homes will start to take a bit longer to sell the longer the COVID-19 pandemic continues.

Sellers listed some 59 properties for sale this week, down 20 from the 79 of last week. Buyers ratified 45 contracts, 25 of which were homes that had been on the market one week or less. For this same week last year, sellers listed 75 new properties with 54 properties ratified.

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.

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