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.
Last year, before I had taken over the JUST LISTED column, Ron Cathell wrote that it was looking as if we’ll break a fall trend for a second year in a row. I’m pretty sure that trend is going to be gone for good.
Usually, things move well just until Thanksgiving, but then slow significantly until the first week of January. We’re on a fast pace right now, and perhaps the train has no brakes. Listings and buyer activity are up this week.
More and more, it seems as if our seasons are just blending together as far as real estate sales go. I just wish the temperature would stay as hot as the market!
Perhaps it has to do with mortgage rates hitting another all-time low this week, the 13th record this year. Average is 2.72 percent for a 30-year fixed, and many Arlingtonian’s have been locking in at 2.5 percent this week! Freddie Mac attributes this week’s drop to weak consumer spending data. It’s interesting how a weak sector of the economy can have such a positive impact on another very important sector — real estate.
That type of environment is likely to keep the market invigorated well into the cold temps we’re starting to experience.
Pick of the Week: The Andors Real Estate Group is pleased to have JUST LISTED 3910 12th Street S. — $735,000. This large, inviting one-car garage all-brick townhome is ready for new owners! Featuring three levels, an amazing oasis of a backyard and gleaming hardwood floors, you’ll love it from the moment you arrive on the tree-lined street. Fantastic proximity to the Columbia Pike corridor, the central location is a commuter (or work from home) dream.
This past week in Arlington, sellers listed some 81 properties for sale while buyers ratified 65 contracts; 19 of the ratified contracts were on homes listed just within the past week.
There are currently 566 homes for sale in Arlington, 11 more than last week. 133 are detached homes, 63 are townhouses/semi-detached and 370 are condos. The condo number is unchanged from last week — what a relief!
Average days on market (DOM) for currently available homes is 56 and median DOM is 42.
The median list price of currently available properties is $547,000, while the average is $755,053. This is the first time these numbers have increased in four months.
Last year for the same week, sellers listed about 40 homes and buyers ratified 40 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.
- 1111 N. Arlington Boulevard #624, Arlington, VA 22209 — $159,000
- 4021 19th Street S., Arlington, VA 22204 — $515,000
- 1600 N. Oak Street #202, Arlington, VA 22209 — $645,000
- 3910 12th Street S., Arlington, VA 22204 — $735,000
- 805 S. Quincy Street, Arlington, VA 22204 — $834,900
- 23 N. Trenton Street, Arlington, VA 22203 — $974,900
- 4602 15th Street N., Arlington, VA 22207 — $1,249,900
- 1704 N. Monroe Street, Arlington, VA 22207 — $1,295,000