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.
Inventory continues to decline in Arlington, bolstered by strong buyer demand through the second week of January. With just 397 total available properties, we haven’t been this strapped for homes since early August 2020. Ninety of these are single family, 37 are townhouses/semi-detached and 270 are condos. Condo inventory is down 100 from the week of November 22, when it peaked at 370 available units.
Arlington sellers listed some 55 homes this past week, up from 49 the week prior. Buyers really did their part, virtually keeping pace with 54 contracts ratified, 22 of which were homes on the market seven days or less. Last week we had 42 ratified contracts.
Mortgage rates just ticked up about one-eighth of a point in the past week — still historically low but perhaps indicative of a trend upward. We haven’t seen this large of a move in a one-week increment since last March, when Covid-19 and associated lockdown measures were threatening the liquidity of capital. It’s still an amazing time to refinance an existing loan, invest in more real estate to lock in a low fixed payment, or buy a new home for your family.
Currently available homes across all property types have an average list price of $754,824 and median of $544,500.
Pick of the Week: 1745 S. Hayes Street #2, Arlington, VA 22202 — $635,000
Southampton is one of the most conveniently located townhome developments in Arlington. Walk across the street to Pentagon City and Metro or to Costco, or take a short stroll to Amazon’s HQ2. This 3 BD/2.5 BA two-level townhome has assigned parking at the front door and is 1,400 square feet plus has a large covered balcony. Find me here on Sunday, from 1-4 p.m. for the in-person open house, or call me at 703-203-1117 to make arrangements to tour privately.
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:
- 4623 28th Road S. #D, Arlington, VA 22206 — $354,900
- 2700 16th Street S. #653, Arlington, VA 22204 — $419,900
- 1515 S. Arlington Ridge Road #202, Arlington, VA 22202 — $519,900
- 1300 Army Navy Drive #623, Arlington, VA 22202 — $525,000
- 1745 S. Hayes Street #2, Arlington, VA 22202 — $635,000
- 3145 14th Street S., Arlington, VA 22204 — $815,000
- 5512 7th Street S., Arlington, VA 22204 — $935,000
- 3008 N. Rochester Street, Arlington, VA 22213 — $2,095,000
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Included in the latest Open Houses is a 3 BD/2.5 BA brick townhome with a gas fireplace and two garage parking spaces.