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.

Sellers — It’s time to list your home! Seriously, the buyers are still out there and continue to clamor for inventory.

The hottest price sector is still those below $1 million, but there is still excellent movement up to $1.5M. Condos continue to sell at the most aggressive pace due to their relative affordability when compared with single family properties.

Mortgage interest rates have dropped again and are now lower than the all-time lows of February and March. 30-year fixed is a flat 3% and we’re seeing some buyers lock in rates that begin with a 2…

We should talk about virtual showings for a moment. The vast majority of buyers will not buy a home they have not actually stepped foot in. Despite great technology making it easier to visualize the property without being there, most simply will not spend near $1M without visiting in person. I am seeing the properties offering only virtual showings sit on the market despite being priced properly. If you’re getting ready to sell, expect the buyers will want to come tour in person.

You’re probably inundated with national news, mostly mentioning how COVID-19 is negatively affecting markets, consumer spending is down, and home builders aren’t starting new projects. I’ve said it before, but I’ve got to say it again — that just isn’t our reality in Arlington! Lines at the coffee shop, Amazon delivery drivers on every block all day long, and showings piling up at fresh new inventory for Arlington listings is our continued normal.

PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 923 N. Barton Street, Arlington, VA 22201 — $1,100,000! This awesome Lyon Park home sits on a 7,200 sq. ft. lot, backs to an alley with a detached 2-car garage and has space to grow! 4 bedrooms, 3.5 baths and 2,800 sq. ft. of finished space just blocks to Clarendon. Built 28 years ago, it has the generous proportions of a newer vintage home without the absurd price tag. Give me a call to arrange a private tour — (703) 203-1117.

There are currently 242 homes for sale in Arlington. 125 are detached homes, 26 are townhouses/semi-detached, and 91 are condos. Average days on market (DOM) is 56 and median DOM is 35. Median is creeping up a few days per week, while average is holding quite steady.

Sellers listed some 54 properties for sale this week, down from 60 last week. Buyers ratified 47 contracts, 26 of which were homes that had been on the market one week or less.

The median list price of available properties is $981,950, while the average is $1,126,855. Last year for the same week, sellers listed 67 homes and buyers ratified 65 contracts.

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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