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.

Buyers and sellers both did their parts this week; new listings and ratified contracts are up!

We’re still way behind the numbers from this time last year, but this is a healthy pace for Arlington. We’re hanging just above 1 month of inventory, still an extremely strong seller’s market.

About half of new homes in Arlington go under contract within the first week of marketing. Nearly 25% of the homes go under contract the second week. After that, the market has passed you by and days on market are extremely likely to continue accumulating without a substantial price reduction. The market is specifically interested in new properties.

While Northern Virginia is taking a delayed approach to resuming normal business practices in relation to COVID-19, that has not slowed house-hungry buyers. We may be right around the corner where inventory will start to drop again, as soon as Northern Virginia starts to lift restrictions. This will be an interesting and unprecedented thing to observe in the real estate market. I look forward to keeping you closely informed as to how we see that playing out in the coming weeks.

PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 1211 20th Street S., Arlington, VA 22202 — $795,000. This is a bright, unique home nestled on an oversized 8,463 sq. ft. lot in a treehouse-type setting just off Arlington Ridge Road. It has abundant privacy with 1,510 sq. ft. of above grade space, including 3 bedrooms, 2 full baths, 2 fireplaces, refinished hardwood floors, and plenty of room to expand!

There are currently 247 homes for sale in Arlington. 129 are detached homes, 35 are townhouses/semi-detached, and 83 are condos. Average days on market (DOM) is 57 and median DOM is 37. Average is down 1 day, median held steady from last week.

Sellers listed some 60 properties for sale this week — 18 more than last week! Buyers ratified 47 contracts, 28 of which were homes that had been on the market one week or less. The median list price of available properties is $996,500, while the average is $1,161,394.

Last year for the same week, sellers listed 82 homes and buyers ratified 86 contracts which was a record at that point into the year!

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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