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.
Condo inventory shrinks for the first time in nine weeks! Arlington’s available inventory as a whole declined, while demand remains very strong.
As we head into fall, with more and more COVID-19 restrictions and concerns eased, I’m expecting we’ll see abundant market activity. Historically speaking, the fall market is kind of like our “second spring” market. Pent up demand is still substantial; if sellers are ready to list, buyers will be there to scoop them up. This is especially true for single family homes and town houses.
Working from home may or may not be here to stay, but it is absolutely impacting the decision making of buyers and sellers alike. Many of our buyers and open house visitors over the past few months have said that having a dedicated space for their work has jumped nearly to top priority in their wants/needs lists.
That might translate to needing another bedroom or convertible living space. I’ve also been asked “can we put doors on this room” during home tours multiple times. Similarly for sellers, they are finding their existing space just isn’t adequate, especially with more than one family member spending time working remotely.
This past week in Arlington, sellers listed some 82 properties for sale while buyers ratified 72 contracts. 38 of the ratified contracts were on homes listed just within the past week!
There are currently 384 homes for sale in Arlington, 31 less than last week, our first decline in available inventory in nine weeks. 116 are detached homes, 32 are townhouses/semi-detached and 236 are condos. Average days on market (DOM) for currently available homes is 51 and median DOM is 35.
The median list price of currently available properties is $689,000, while the average is $906,613. These numbers have been falling consistently, but that doesn’t mean prices are declining in Arlington. The median of currently pending properties is $101,000 higher than those currently available, and days on market are slowly creeping back up. This demonstrates a mismatch between what buyers want and what sellers are offering, and also shows we still have a healthy dose of price escalations occurring.
Also, condos generally sell for less than single family homes, and as that inventory lags, it is weighing down the average.
Last year for the same week, sellers listed 40 homes and buyers ratified 49 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. Army Navy Drive #520, Arlington, VA 22202 — $264,900
- 1127 N. Stuart Street #6, Arlington, VA 22201 — $449,900
- 720 15th Street S. #A, Arlington, VA 22202 –$690,000
- 1023 N. Manchester Street, Arlington, VA 22205 — $839,000
- 515 N. Florida Street, Arlington, VA 22203 — $849,990
- 1530 N. Colonial Court, Arlington, VA 22209 — $1,224,950
- 855 N. Harrison Street, Arlington, VA 22207 — $1,379,000
- 2746 N. Lexington Street, Arlington, VA 22207 — $1,439,900
In loving memory of Joseph Robert Kapacziewski, who passed away in 2023 at the age of 41.
In loving memory of James Stuart Edmonds, who passed away in 2023 at the age of 84.
A man was shot in front of a lounge on Columbia Pike early this morning, continuing a string of violent incidents.
Good Friday evening, Arlington. Today we published articles that were read a total of 17124 times… so far. 📈 Top stories The following are the most-read articles for today —…
YULA’s ultimate frisbee spring season is now open for registration. We offer programs for middle and high schoolers – open to all players, whether they are new or have previous experience.Middle SchoolIn the Middle School league, mixed-gender teams practice once during the week and have games on Sunday afternoons. Spring league is a fun, safe, and positive environment. The season begins mid-March and wraps up with a tournament in early June. There are several options for practice days, so we can often work around schedule conflicts with other sports & activities.High SchoolThe High School program is organized by school of attendance and teams are classified by gender. New players will learn the basics in a supportive, welcoming environment. Experienced players will continue to develop their skills, and enjoy competition with other high school programs. The season concludes with a state level championship tournament in late May.All players are guided by experienced coaches who emphasize sportsmanship and good spirit. Ultimate is a fun sport with great camaraderie!YULA does not want finances to limit anyone from participating. Our middle school program offers a “Pay What You Can” cost structure and our our high school program is offering a $50 discount to new players.Visit our website to register and learn more. Sign up with a friend, but don’t delay, the season starts in March!http://www.yula-ulti.org
The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.
The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.
Former participants have this to say:
_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village