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.
Uncertainty is NO friend of markets. While that is especially true for the stock market, the impact on housing is much more nuanced, at best. I remember the conversations from the summer and fall of 2016, and the talk this year has echoed them perfectly.
“Will the potential change of administration mean more people are buying and selling?”
In 2016 we had a change, and while it was a rocking year for real estate, there was no tangible evidence in our local real estate market of the White House flipping red. A new Administration simply does not bring a large enough influx of people to the area. Most of the staffers, insiders, lobbyists and others are already here in the greater D.C. area. And if a candidate loses, everyone who was working for them doesn’t simply go back to their home town but instead just changes offices, or campaigns, or buildings.
At time of writing, this election is still up in the air. I personally wrote an offer on behalf of clients for an Arlington property and had it accepted on Election Day, and no results were in yet as the polls were still open. While that is simply one anecdote of how Arlington responds to potential uncertainty, the reality is that people move when they need to move.
We can’t time our lives on when we think the housing market is hottest, just as we can’t time the stock market to buy or sell. You can certainly buy low and sell high, but what if the stock you sold surges the next day, breaking a new 100-day moving average? For housing, your best bet is always to buy and hold long term. I can’t tell you what your home will be worth next year, but I can say almost unequivocally that it will be worth more 10 years from now. Real estate should be a long game.
This past week in Arlington, sellers listed some 60 properties for sale while buyers ratified 65 contracts. 18 of the ratified contracts were on homes listed just within the past week.
There are currently 554 homes for sale in Arlington, 15 more than last week. 136 are detached homes, 53 are townhouses/semi-detached and 365 are condos.
Average days on market (DOM) for currently available homes is 54 and median DOM is 36. These are unchanged from last week. The median list price of currently available properties is $574,800, while the average is $761,192.
Last year for the same week, sellers listed 44 homes and buyers ratified 40 contracts. With 60 homes and 65 contracts this week, the brisk pace continues!
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.
- 4629-A 28th Road S., Arlington, VA 22206 — $410,000
- 1800 N. Wilson Boulevard #305, Arlington, VA 22201 — $449,900
- 4403 11th Street N., Arlington, VA 22201 — $585,000
- 20 S. Pershing Drive, Arlington, VA 22204 — $824,990
- 4532 26th Street N., Arlington, VA 22207 — $897,000
- 4407 4th Street S., Arlington, VA 22204 — $1,269,900
- 3049 N. Military Road, Arlington, VA 22207 — $1,499,000
- 6716 31st Street N., Arlington, VA 22213 — $1,999,900