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.
Purchase demand has now completely returned to pre-crisis levels!
According to Freddie Mac, it took 10 years after the Great Recession for demand to rebound, but it only took 10 weeks for the numbers to return since March. We know that here in Arlington the Great Recession didn’t affect us as deeply or for as long, but it’s highly encouraging to see such a quick rebound this time. This is attributable to many things, but the biggest contributors are rock-bottom low interest rates and pent-up demand.
Sellers listed some 75 properties for sale this week while buyers ratified 66 contracts. 33 of the ratified contracts were on homes that had been on the market one week or less. Again, half of brand-new inventory gets scooped up in the first seven days on market. Buyers, if you’re looking for the nicest, newest home prospects, you’ll have to get out there the minute it hits the market before it’s too late!
For sellers, it’s good to know that demand has remained consistently high despite the COVID-19 pandemic and lockdown. If you have been on the fence about whether or not to sell now, the answer is yes. Contact us for guidance on how to do it right.
There are currently 294 homes for sale in Arlington, eight more than last week. 130 are detached homes, 26 are townhouses/semi-detached, and 138 are condos. Average days on market (DOM) is 44 and median DOM is 30.
The median list price of currently available properties is $946,950, while the average is $1,102,655. Last year for the same week, sellers listed 61 homes and buyers ratified 53 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.
- 4500 S. Four Mile Run Drive #829, Arlington, VA 22204 — $360,000
- 1515 S. Arlington Ridge Road #504, Arlington, VA 22202 — 425,000
- 3610 1st Road S., Arlington, VA 22204 — $549,900
- 3481 S. Wakefield Street, Arlington, VA 22206 — $585,000
- 2600 N. Pocomoke Street, Arlington, VA 22207 — $699,000
- 4701 37th Street N., Arlington, VA 2220 — $975,000
- 3104 19th Street S., Arlington, VA 22202 — $1,299,000
- 632 19th Street S., Arlington, VA 22202 — $1,950,000
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