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, Arlington, and happy spring!
In the past week, the price escalations have crept up to new highs, and the buyers who aren’t ratifying contracts are sincerely disheartened. It’s hard to determine exactly how many homes are ending up with multiple offers, but it’s well over 50% of the homes that sell within their first week in the market.
The Andors Real Estate Group debuted two properties in the past week that have each escalated 10% above listing price as a result of multiple offers. In the first case, that translated to over $100,000 more than the seller was asking for and, in the second, over $80,000!
Sellers put 122 homes on the market this past week, another huge uptick from the 98 homes last week and 75 homes listed the week prior. Buyers ratified 80 contracts this week, and more than half (44) of those were on homes just listed within the past seven days.
This week, there are 420 available properties for sale, an increase of 42 from the week prior.
Single-family inventory jumped from 72 to 88 available properties, while there are 41 townhome/semi-detached homes to choose from. Condos continue to make up the lion’s share of available options in Arlington with 291 to choose from as of today.
A quick comparison to last year, for the same week, sellers listed 93 homes and buyers ratified 68 contracts. There were also only 182 available properties for sale — 238 less than we have today!
The average list price for currently available properties is $753,491 and the median is $508,500.
Currently available properties in Arlington have an average of 64 days on market (DOM) and a median of just 29!
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:
- 1001 N. Randolph Street #518, Arlington, VA 22201 — $410,000
- 836 S. Ivy Street, Arlington, VA 22204 — $599,000
- 3409 Wilson Boulevard #412, Arlington, VA 22201 — $674,999
- 3325 5th Street S., Arlington, VA 22204 — $715,000
- 1128 N. Kentucky Street, Arlington, VA 22205 — $950,000
- 2604 9th Street N., Arlington, VA 22201 — $1,050,000
- 5820 5th Street S., Arlington, VA 22204 — $1,115,000
- 1515 N. Abingdon Street, Arlington, VA 22207 — $1,998,000