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.
Every once in a while, I like to remind everyone how crazy Arlington can be when it comes to housing.
This past month, a condo sold for 19% over list price! Listed at $468,000, sold for $558,000. In the same timeframe, another home sold for 92% of list price… Netting the seller $54,000 less than they expected. Sales ranged from $152,000 all the way up to $3,200,000.
While the median and average hang right around 100%, our market certainly can be a bit unpredictable. Some homes sell their first day on the market, and others take a year and a half or more.
How do you navigate these ups and downs when considering buying or selling in Arlington?
Shameless plug? Sure James, let’s hear it!
I’d start by calling the Andors Real Estate Group… In the past year, we’ve gotten our buyer clients under contract many, many times in multiple offer scenarios, and our sellers as much as $56,000 over list price. Our average days on market is 6, and our median is 7. No home took longer than 12 days to sell, and our sellers took home an average of $12,000 more than what they asked for.
The Andors Real Estate Group is ready to help you gain an edge in a complex market!
Thanks James, just give us the numbers…
This past week in Arlington, sellers listed some 89 properties for sale while buyers ratified 62 contracts. 20 of the ratified contracts were on homes listed just within the past week.
There are currently 529 homes for sale in Arlington, 31 more than last week. 151 are detached homes, 48 are townhouses/semi-detached, and 330 are condos.
This week last year, there were only 257 homes available for sale in Arlington. With 529 homes available right now, the marketplace sure does look different. Last year, that was about 1.3 months of inventory. Despite more than double the inventory, we’re selling more homes per week and have just over 2 months of inventory available right now.
Average days on market (DOM) for currently available homes is 47 and median DOM is 29. The median list price of currently available properties is $615,000, while the average is $806,681.
Last year for the same week, sellers listed 46 homes and buyers ratified 48 contracts.
Click here to search currently available Arlington real estate — if you see a home you’re interested in purchasing, we’d love to help!
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.
- 3000 N. Spout Run Parkway #A311, Arlington, VA 22201 — $399,990
- 4422 36th Street S., Arlington, VA 22206 — $595,000
- 210 S. Veitch Street, Arlington, VA 22204 — $635,000
- 3625 10th Street N. #208, Arlington, VA 22201 — $799,888
- 790 N. Vermont Street, Arlington, VA 22203 — $825,000
- 5996 9th Road N., Arlington, VA 22205 — $859,000
- 4619 23rd Road N., Arlington, VA 22207 — $974,900
- 3921 36th Street N., Arlington, VA 22207 — $1,275,000