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.
Hello, Arlington! It’s a snow day as I write this (Thursday), and I am predicting it will be another one as you read this (Friday). Do not expect this to deter homebuyers, sellers or agents from transacting real estate sales and events this weekend…
With fewer and fewer single-family homes as well as townhouses/semi-detached available in Arlington, the median and average price for available homes is dropping. Condominiums make up such a large proportion of the available inventory (75.3%!) and tend to cost less than single-family/townhomes. This week, there are 365 available properties for sale, a decline of 11 from the week prior. There are just 67 single-family homes to choose from and only 23 townhouses/semi-detached.
For a bit of contrast, this week last year, we only had 157 active properties — total! Despite over double the inventory, demand is way up, and we’re moving along at a brisk pace.
Sellers put a whopping 91 homes on the market this past week, and buyers worked hard to grab them before the weekend open house rush, despite the snow. Seventy-three homes went under contract over the past seven days, and 33 of those were homes were just listed in the past week.
New builds can barely keep pace with the wealthier buyers in Arlington, frequently being taken under contract prior to the old house even being demolished. The price threshold keeps being pushed higher and higher, and many of these homes are now on million dollar lots. Yes, a builder in certain areas will pay over $1 million just to tear down what was there and can sell a $2.5 million (or more) home almost instantly.
Despite many longtime Arlingtonians’ hesitancy toward new construction, it plays a vital role for the county. First, they generate substantially more tax revenue than older homes, often times doubling or more the revenue from that same lot. Additionally, a lot of them are being built by local builders who either reside in Arlington, employ a workforce based in Arlington or have other close ties to our community. Because we do not have many large tracts of land available for big, multi-state production builders to develop, this keeps the new construction quality much higher as well. It also raises the value overall of Arlington real estate because of the relationship each property has to another. Put simply, as the top end of the market stretches higher and higher, it’s bringing the bottom up with it.
One downside, of course, is the rising property tax bills we all pay as home values continue upward.
This same week in 2020, sellers listed 68 homes and buyers ratified 53 contracts, so we’re way ahead of the 2020 pace, still pre-pandemic at this point…
The average list price for currently available properties is $718,508 and the median is $459,700.
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:
- 2810 S. Meade Street, Arlington, VA 22206 — $465,000
- 1276 N. Wayne Street #1018, Arlington, VA 22201 — $470,000
- 3709 3rd Street S., Arlington, VA 22204 — $579,900
- 2723 N. George Mason Drive, Arlington, VA 22207 — $959,000
- 4416 18th Street N., Arlington, VA 22207 — $1,240,000
- 5724 2nd Street S., Arlington, VA 22204 — $1,489,000
- 1401 21st Street S., Arlington, VA 22202 — $1,600,000
- 2437 N. Nottingham Street, Arlington, VA 22207 — $1,895,000
Good Wednesday evening, Arlington. Today we published articles that were read a total of 7696 times… so far. 📈 Top stories The following are the most-read articles for today —…
Arlington is poised to take a proverbial weed whacker to commercial properties with overgrown lawns and all properties with obstructive vegetation. Last month, a proposal to change the ordinance pertaining…
Meet the beautiful Koda, a glass half full kinda dog who searching for his forever home.
It appears as if Courthouse’s newest date night spot won’t be open for Valentine’s Day. The opening for the hotly anticipated Taco Bell Cantina at 2039 Wilson Blvd has been…
Let the Arlingtones surprise your friend or sweetie this Valentine’s Day with a barbershop quartet singing love songs in four part a cappella harmony! Choose from a small selection of songs in our repertoire to surprise your special someone.
$75 for two songs delivered to a place of your choice by a live, in-person quartet. Includes a classy tin of chocolates, fresh red rose and personalized card. Small mileage surcharge for >5 miles outside Arlington VA.
$30 Facetime/Skype valentine- two songs delivered ‘live’ via Facetime or Skype at an agreed-on time.
$20 virtual valentine- two pre-recorded quartet songs delivered via email with a personalized message.
Have you noticed a striking sculpture at Monroe Street and Wilson Boulevard? It’s the Museum of Contemporary Art Arlington’s newest installation, Make Your Mark, by Arlington artist, Adam Henry. This sculpture celebrates MoCA Arlington’s rebranding and brings the museum’s energy outdoors.
On February 11, come inside when the museum’s galleries reopen with two new exhibitions: Rebecca Rivas Rogers: Grey View and Crisis of Image.
Grey View, in the Wyatt Resident Artist Gallery, is an homage to “gray” and a snapshot of the artist’s process. Consisting of photographs, collage, and a site-specific installation, this show is an outgrowth of Rivas-Rogers’ visual investigations into places you see on your way to somewhere else.
On the main level, Crisis of Image features artists who seek equity in today’s saturated visual world by developing new methods related to the production of images.
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village