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.
It was a blockbuster week in Arlington real estate, and we continue our upward trend of increased activity!
Sellers listed some 86 properties for sale this week while buyers ratified 72 contracts. 44 of the ratified contracts were on homes that had been on the market one week or less. What a crazy metric — over half of brand-new entrants to the market went under contract in less than seven days and yes, it’s correct that many of those received multiple offers!
I’m continuing to watch the numbers in Arlington go up week over week, and we’re close to eclipsing what we were doing this time last year in many metrics. The unsatisfied demand of buyers throughout the spring is about to explode! Add another new low in mortgage rates, now below 3% in many instances, and we’re heading into a very busy summer for Arlington.
Traditionally, things slow just a bit from the highs of the spring, but this year will be much different. Plans were put on hold during the pandemic, but as restrictions continue to ease, expect to see more real estate signs and open house visitors.
Consumer confidence is coming back quickly, though to be honest it barely left the Arlington housing market at all. Internet traffic, showings, mortgage applications and closings are all on the rise. If you’re considering selling a home, give me a call at (703) 203-1117 so we can position you in the best way possible for success in Arlington. The Andors Real Estate Group has almost three decades of experience in Arlington and has sold hundreds of millions worth of Arlington real estate. You can count on us to get the job done right, every time.
PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 2655 S. Walter Reed Drive #C, Arlington, VA 22206 — $379,900. This secluded 2-bedroom condo is sited in a park-like setting backing to nothing but trees. Freshly painted top to bottom, brand new flooring throughout and new appliances — not to mention the wood-burning fireplace and large balcony — look no further because this one is move-in ready!
There are currently 288 homes for sale in Arlington, 10 more than last week. 135 are detached homes, 23 are townhouses/semi-detached, and 130 are condos. Average days on market (DOM) is 44 and median DOM is 30.
The median list price of currently available properties is $1,005,000, while the average is $1,155,840. Last year for the same week, sellers listed 72 homes and buyers ratified 64 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.
- 1300 S. Arlington Ridge Road #107, Arlington, VA 22202 — $345,900
- 2655 S. Walter Reed Drive #C, Arlington, VA 22206 — $379,900
- 1101 S. Arlington Ridge Road #1001, Arlington, VA 22202 — $448,000
- 1021 N. Garfield Street #1030, Arlington, VA 22201 — $750,000
- 1257 Oakcrest Road, Arlington, VA 22202 — $1,005,000
- 2330 S. Pierce Street, Arlington, VA 22202 — $1,195,000
- 4501 35th Road N., Arlington, VA 22207 — $1,350,000
- 1526 16th Court N., Arlington, VA 22209 — $1,495,000