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.
I don’t know about you, but I’m getting excited for 2021. While 2020 has been a banner year for real estate and we expect that to continue, I’m looking forward to leaving many other parts of 2020 in the dust.
I hope you ate well on Thanksgiving and enjoyed some time off — and suspect you hit the ground running again this week as I did.
Pick of the Week: The Andors Real Estate Group is pleased to have JUST LISTED 2728 S. Arlington Ridge Road at $924,900. You will fall in love with this updated Tudor’s soaring ceilings and old-world charm. Boasting 3 spacious bedrooms, 2.5 baths plus bonus rooms to meet all your needs, this one is move-in ready. It has a gorgeous yard, garage spaces for 3 cars, freshly refinished hardwood floors, loads of updates and is right in Amazon’s HQ2 backyard. Find me hosting open houses this weekend, Saturday and Sunday from 1-4 p.m.
Now, the winter slowdown is here… or maybe it was just a Thanksgiving slowdown. We’ll see next week if we jump back up a bit. Mortgage rates dropped — again — to their 14th all-time low: 2.71% for a fixed-rate 30-year mortgage.
This past week in Arlington, sellers listed some 36 properties for sale while buyers ratified 40 contracts. ONLY four of the ratified contracts were on homes listed just within the past week. This is uncharacteristic but indicative of the low new inventory during the Thanksgiving week. This will revert as soon as more new inventory comes back — buyers clamor for the new properties week over week.
There are currently 518 homes for sale in Arlington, 48 less than last week: 126 are detached homes, 54 are townhouses/semi-detached and 338 are condos.
On the topic of condos, there’s finally a substantial decline in condo inventory. Some went off the market, others received offers and ratified contracts, and we didn’t have many new ones come on the market. This is good for anyone trying to sell a condo in today’s market.
Average days on market (DOM) for currently available homes is 65 and median DOM is 50. These both jumped by over a week — again, it was truly a Thanksgiving break.
The median list price of currently available properties is $565,000, while the average is $770,949.
Last year for the same week, sellers listed about 34 homes and buyers ratified 35 contracts. One more new listing and 5 fewer contracts than last year–one of the few weeks we haven’t outpaced 2019.
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.
- 1020 S. Barton Street #262, Arlington, VA 22204 — $450,000
- 3716 3rd Street S., Arlington, VA 22204 — $619,000
- 301 S. Jackson Street, Arlington, VA 22204 — $847,500
- 949 N. McKinley Road, Arlington, VA 22205 — $907,500
- 2728 S. Arlington Ridge Road, Arlington, VA 22202 — $924,900
- 1201 N. George Mason Drive, Arlington, VA 22205 — $1,098,000
- 2554 N. Wakefield Street, Arlington, VA 22207 — $1,275,000
- 1701 16th Street N., Arlington, VA 22209 — $1,776,000