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Just Listed in Arlington

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.

This has been an August unlike any other in Arlington! Our market has introduced and absorbed double its volume over August of 2019.

Demand from the spring was simply delayed, it did not disappear. The real, continuing story is the increase in available condo inventory, now up 70% from eight weeks ago. Mortgage rates continue their historic lows, sitting at 2.91% for a 30-year fixed rate mortgage.

In related mortgage news, Fannie Mae and Freddie Mac, who purchase mortgages from banks and repackage them for investors, have levied a hefty new fee on refinances! The fee was supposed to go into effect on September 1 has been delayed until December 1 and is hotly contested. Called an “adverse market” fee, it is supposed to help Fannie and Freddie’s ability to continue to support those negatively impacted by COVID-19 and may have their loans on forbearance or in default. At 0.5% of the loan balance, this is a large additional cost and massively changes the calculation of the amount of time in which a refinance ultimately pays off.

Bottom line — if you’ve been holding out, hoping for lower rates before you refinance, you should give strong consideration to act now before the fee starts being assessed.

This past week in Arlington, sellers listed some 97 properties for sale while buyers ratified 61 contracts. 33 of the ratified contracts were on homes listed just within the past week!

There are currently 415 homes for sale in Arlington, 23 more than last week. 129 are detached homes, 32 are townhouses/semi-detached, and 254 are condos. Average days on market (DOM) for currently available homes is 50 and median DOM is 29. The median list price of currently available properties is $710,000, while the average is $910,401.

Last year for the same week, sellers listed 43 homes and buyers ratified 31 contracts.

Click hereto 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.

Recent Stories

Morning Notes

Planning for New DCA Projects — “It passed below the radar screens of the traveling public, but the Metropolitan Washington Airports Authority on March 20 moved a major step forward…

Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

Last year, an attempt to broaden the Arlington police auditor’s access to police records quietly fizzled before reaching the public for discussion.

George Mason University’s new Fuse at Mason Square in Arlington, is poised to become a 345,000-square-foot collaborative and digital innovation space in the heart of the Rosslyn-Ballston Corridor. “As Mason expands in…

Award-winning drag queen Tara Hoot is bringing her Family Fun Story Time Brunch to Arlington at Freddie’s Beach Bar! Saturday April 6 at noon! Join Tara for songs, stories, puppets, bubbles and joy! It’s not just stories, it’s a SHOW that’s perfect for kids and kids at heart–fun for everyone! Plus a tasty brunch at Freddie’s! Click the link and make your reservations now! ❤️ 🫧 🌈

Submit your own Announcement here.

The Summer 2024 STEAM (Science/Technology/Engineering/Arts/Math) Fellowship application is now open! Apply by April 15 to be considered!

The STEAM Workforce Development Teacher Fellowship provides Arlington Public Schools (APS) high school, middle school, and elementary school teachers with opportunities to learn about workplace needs in STEAM-related fields and for them to use the experience to enhance student learning to match workplace expectations in a selected industry. STEAM Fellows participate in a three-week summer fellowship, receiving a $4,000 stipend upon completion.

Applicants planning to pursue a fellowship in the arts must demonstrate how they will build connections between the arts and science, technology, engineering, or mathematics.

Click the button to learn more, share, apply, and see the variety of fellowships completed in previous years.

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Submit your own Announcement here.

Free Right-Sizing Workshop – How to Get Rid of Your…

Cody Chance and Dick Nathan of Long & Foster are hosting a free workshop at our office on Cherry Hill Rd. (formerly Lee Highway) on the topic of “down-sizing” Thursday, March 28 from 5:30-7:30. We have created a workbook with

Portofino Italian Wine Dinner, April 6, 6:30pm

Four course Italian dinner, paired with 2 wines each. The wines will be served “blind” and notes on each wine will be discussed. The event is coordinated with Elite Wine Importers and The Portofino Restaurant. The dinner is on Saturday,

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