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.
Good morning Arlingtonians, and Happy New Year!
I’m excited about the housing market in 2021, and I know we’re going to have a fast-paced, inventory-starved, low-interest-rate-driven frenzy for homes across all price points.
We got some very big and interesting news from Amazon yesterday. A $2 billion commitment to preserve and create over 20,000 affordable homes in the locales where Amazon has a presence will go a long way to combat the impacts many are concerned will result from Amazon sharing our wonderful Arlington community. This fund will not only be in Arlington, but also in the Puget Sound region of Washington and the Nashville area as well.
Crystal House was recently purchased to provide affordable housing, creating close to 1,300 affordable units over time. Without this investment, it would have likely been converted to luxurious condos with huge price tags because of the incredible proximity to D.C. and National Landing. Additional money will be available at below-market borrowing rates to those earning below $79,600 in the D.C. region.
You can read more in the press release from Amazon.
Arlington is getting off to a quick start in 2021 with plenty of new homes coming online, ratified contracts keeping pace and a substantially shrunk (20% less) inventory than where we left off in 2020.
We’re going to see more price escalations than ever before in 2021. Waived contingencies, cash purchases and heavy showing traffic will be a main part of the story… but wait, James, that sounds like last year, and the year before that…
Yes — the frenzy for a piece of the pie will continue, with an emphasis on single family detached homes and new construction.
For this first week of January, sellers have listed 49 homes for sale, and purchasers ratified 42 contracts, seven of which were on homes listed within the past seven days.
Available inventory across the county for all property types is 404, 90 of which are single-family, 39 are townhouses/semi-detached properties and 275 are condos. It was just a few weeks ago that I wrote about condo inventory being up to 370!
Currently available homes across all property types have an average list price of $753,142 and a median of $549,950.
A quick note about mortgage rates: We’re at the lowest ever this week, a 2.65% average for a 30-year fixed rate mortgage. That’s 1.10% lower than where we started in 2020!
Now, for the Pick of the Week: 1515 S. Arlington Ridge Road, #504, Arlington, VA 22202 — $399,000
Perched high on Arlington Ridge, overlooking Washington D.C. with a Washington Monument view from a private balcony, this condo enjoys unparalleled convenience to Arlington and D.C. This 892-square-foot 1 BD/1 BA condo has plenty of room to work from home, comes with a separate storage room, underground parking space and has a private pool, gym and community room.
Find me, in person, hosting this lovely condo open from 1-4 p.m. this Sunday, January 10.
Click here to search currently available Arlington real estate. If you see a home you’re interested in purchasing, give us a call.
Call the Andors Real Estate Group today at 703-203-1117 to talk more about buying or selling Arlington real estate. Below are eight new listings I think you might like to check out:
- 1515 S. Arlington Ridge Road #504, Arlington, VA 22202 — $399,000
- 3650 S. Glebe Road #568, Arlington, VA 22202 — $415,000
- 1400 S. Barton Street #423, Arlington, VA 22204 — $434,900
- 975 S. Rolfe Street #1, Arlington, VA 22204 — $585,000
- 913 Patrick Henry Drive, Arlington, VA 22205 — $849,000
- 1331 19th Road S., Arlington, VA 22202 — $1,199,000
- 5642 8th Street N., Arlington, VA 22205 — $1,300,000
- 491 N. Wakefield Street, Arlington, VA 22203 — $1,975,000
New properties just listed in Arlington include a 3 BD/3 BA home with an expanded kitchen, fireplace and two lower levels.
A mini-baby boom could deliver Arlington Public Schools a slight enrollment bump through 2033, according to the latest 10-year projections. The report says live births are predicted to increase by…
Rustico is closing its doors in Ballston. The craft-beer-centric restaurant serving “artisan pizza” and “creative American cuisine” at 4075 Wilson Blvd plans to welcome its last customers on Sunday, March…
A church that used to meet in school auditoriums is now hosting big acts in contemporary Christian music in its new digs in Ballston Quarter mall.
Early Years Preschool is a small non-profit preschool and parents day out program that has served local families since 1992. Early Years Preschool is located in the Cherrydale neighborhood at 3701 Lorcom Lane.
Early Years Preschool offers part-time programs for young children between 12 months – 5 years old. Early Years also offers a 6 week summer program! The school day is 9:30-2:30, with the option of morning extended day offered at 9am. Families have the flexibility of registering for 1-3 days/week in their parent’s day out program (12 months- 2 year olds) and 2-5 days/week for their preschool program (3-5 year olds).
Early Years’ teachers provide a nurturing environment that promotes the development of a child’s emotional, social, cognitive, and physical skills. Creative and stimulating theme-based activities allow each child to develop and learn at his or her own pace through exploration and play.
Learn more about Early Years Preschool by contacting the admissions team at [email protected] or by visiting their website at http://www.earlyyearspreschool.org
Dreaming of small-town charm with big-city convenience? Look no further than 7156 Main St in Clifton, Virginia! Nestled just 30 miles from the heart of Washington D.C., this picturesque property offers the best of both worlds.
Escape the hustle and bustle of the city to find tranquility in this quaint, historic town. With its tree-lined streets and friendly community atmosphere, Clifton is the perfect place to call home. Yet, with its close proximity to the nation’s capital, you’ll never be far from the excitement and opportunities of urban living.
Imagine weekends exploring local shops, dining at charming cafes, and enjoying outdoor adventures in nearby parks. Then, commute to D.C. for work or play, soaking in all the culture, entertainment, and career opportunities the city has to offer.
Don’t miss your chance to own a piece of this idyllic lifestyle. Schedule a tour of 7156 Main St today and experience the best of small-town living near a big city!
Having worked with the likes of Gary Numan, DJ Neidermeyer lends authenticity a go-go. Enough to satisfy even the purists.
The Renegade boasts all of the virtues of Arlington’s premier music venues while providing bar bites that rival most restaurants