Just Reduced Properties in Arlington

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.

How will the D.C. area housing market respond to the pandemic?

There are certainly a variety of opinions and theories emerging, but some key facts remain intact.

Whereas some cities are heavily reliant on specific industries (e.g. Las Vegas with hospitality), the D.C. area is anchored by jobs in a variety of industries. In addition to comparitively high salaries and low unemployment rates, this will help the D.C. area market in the long run.

According to the recent Resilient and Vulnerable Cities Report by Unison, D.C. is listed among the most resilient cities in the United States, in addition to Boston and New York, in terms of being poised to weather the COVID-19 storm.

Amid this broader optimism, it’s still important to weigh the individual factors that may influence or impact a transaction. When you’re ready to chat through your scenario(s), the time-tested team at Arlington Realty, Inc. is open ears.

And now on to this week’s Just Reduced figures.

As of July 6, there are 154 detached homes, 30 townhouses and 164 condos for sale throughout Arlington County. In total, 23 homes experienced a price reduction in the past week:

• 2255 N. Powhatan Street, 22205 — NOW: $1,775,000 (Reduced $75,000 on 6/29)

• 209 N. Fillmore Street, 22201 — NOW: $1,499,000 (Reduced $26,000 on 6/30)

• 2855 11th Street N., 22201 — NOW: $1,185,000 (Reduced $14,000 on 7/1)

• 3227 20th Road N., 22207 — NOW: $1,100,000 (Reduced $85,000 on 7/3)

• 6535 N. Washington Boulevard, 22205 — NOW: $1,020,000 (Reduced $10,000 on 7/3)

• 710 N. Buchanan Street, 22203 — NOW: $815,000 (Reduced $10,000 on 6/30)

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.