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.
Huge news this week in the lending industry — mortgage rates dropped again to another fresh new historical low, the seventh time this year.
The national average for a 30-year fixed is now below 3% for the first time ever. If you didn’t refinance earlier this year to get a great new mortgage in the low 3’s, your procrastination will have paid off — now you can get one that starts with a 2! And the 15-year is below 2.5%.
My recommendation — call Jawad Hamandi (703) 587-6059 of Intercoastal Mortgage today to talk about refinancing. The Andors Real Estate Group has been working with Jawad for 22 years and he has handled our personal mortgages as well as countless mortgages for our clients. We know you’ll enjoy working with him and also enjoy the savings a refinance can provide!
It was a ridiculously busy week in Arlington as our housing market continues to rock. Optimism about an economic recovery coupled with our historic insulation and resistance to economic downturns in Arlington have led to a bullish market that shows ample resilience.
Sellers listed some 123 properties for sale this week while buyers ratified 71 contracts, 48 of which were on properties listed since just last week. These numbers are absolutely crazy for Arlington, especially in July! With that many new properties in one week, even while buyers are ratifying over 70 properties, we’re still going to see inventory continue to build.
There are currently 340 homes for sale in Arlington, 31 more than last week. 133 are detached homes, 31 are townhouses/semi-detached and 176 are condos. Average days on market (DOM) is 47 and median DOM is 26.
The median list price of currently available properties is $849,975, while the average is $1,025,777 (both about $50k less than last week). Median price has stayed below $1M for a month now, and this is the lowest average price for active properties since I started tracking it months ago.
Last year for the same week, sellers listed 49 homes and buyers ratified 32 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.
- 1307 N. Ode Street #424, Arlington, VA 22209 — $300,000
- 1021 N. Garfield Street #513, Arlington, VA 22201 — $539,900
- 953 S. Rolfe Street #1, Arlington, VA 22204 — $575,000
- 705 N. Oakland Street, Arlington, VA 22203 — $798,000
- 3625 10th Street N. #205, Arlington, VA 22201 — $840,000
- 2217 S. Oakland Street, Arlington, VA 22206 — $850,000
- 4341 N. Pershing Drive, Arlington, VA 22203 — $1,000,000
- 2308 N. Vermont Street, Arlington, VA 22207 — $1,475,000