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.
As I write this, always the day before you read it, I celebrate my ## birthday (Feb. 4)! I won’t tell you how old I am, but I’m old enough to have three kids, a loving wife, a successful and meaningful business, and plenty more to be thankful for.
This past year has been one to remember (or forget), but it’s hard to believe I’ve been writing this column for a whole year already. Having grown up here in Arlington and attended school in the county, I’ve spent many of my birthdays here, and it’s been such a great place to call home. I also love working here and being engaged in this wonderful community and am glad to have all of you as weekly readers of JUST LISTED.
The market just flipped, and buyers finally ratified more contracts this past week then sellers listed homes! The buyers outpaced sellers with 72 contracts while sellers listed some 67 new homes this week — 28 of the ratified contracts were on homes listed within the past seven days.
This is the type of activity we expect in the spring, and spring has started early! If the snow didn’t deter the buyers, I don’t know what will. Interest rates are hovering near all-time lows, but there’s a good chance they break above 3% this year. For now, they are hovering at about 2.7% for a fixed-rate 30-year mortgage.
This same week in 2020, sellers listed 64 homes and buyers ratified 41 contracts. Where we really see the contrast from this year to last year is available inventory. Fifty-two weeks ago, we had 161 active listings, and this week we have more than double, at 374 — 75 are single family properties, 24 are townhouses/semi-detached properties and 275 are condos.
The average list price for currently available properties is $757,714 and the median is $509,945.
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:
- 1021 N. Garfield Street #404, Arlington, VA 22201 — $517,000
- 880 N. Pollard Street #201, Arlington, VA 22203 — $599,000
- 3409 Wilson Boulevard #201, Arlington, VA 22201 — $629,900
- 851 N. Glebe Road #219, Arlington, VA 22203 — $670,000
- 6305 36th Street N., Arlington, VA 22213 — $849,999
- 2704 1st Road N., Arlington, VA 22201 — $870,000
- 1811 N. Lincoln Street, Arlington, VA 22207 — $1,450,000
- 2522 24th Street N., Arlington, VA 22207 — $1,599,900