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.
Arlington, it’s 5:30 a.m. Do you know where your house is? It’s going up… in value, that is!
We’ve talked about property taxes before, but they’re worth another mention. With this type of aggressive price increases in residential real estate this year, coupled with declines in value for commercial property due to vacancy, we’re in for a big change next year. I expect Arlington will increase assessments, rates or both as they’ll need to make up for missing revenue. We saw some substantial increases for 2021, and that is not likely to subside for 2022. Hopefully Arlington will instead choose to decrease spending. Otherwise Arlington continues to price out modest- to middle-income residents who can’t afford the homes or the taxes.
Over the past 30 days, 269 homes closed in Arlington, and the average sales price to list price ratio was just over 100%. One home, a semi-detached property, sold for 17.47% above asking price — WOW!
Sellers listed 101 homes for sale this past week, while buyers ratified 89 contracts — 42 of those were on homes just listed within the past seven days.
This week, there are 429 available properties for sale throughout all of Arlington and across all property types — 12 more to choose from compared to last week.
There are 91 detached properties available for sale throughout all of Arlington. There are 41 townhome/semi-detached homes. I’m not sure if there will come a time when I tell you that condos don’t account for the lion’s share of our inventory, but for now, there are 297 units to choose from.
A quick comparison to last year, for the same week, sellers listed 79 homes and buyers ratified 58 contracts. There were also only 211 available properties for sale this week last year. We’re way above pace and that’s likely due to the fact that most of the pandemic jitters have shaken out of the market.
The average list price for currently available properties is $773,112 and the median is $560,000.
Currently available properties in Arlington have an average of 67 days on market (DOM) and a median of just 30. These numbers are staying pretty consistent; the average has crept up a couple days for the past few weeks as condos sit on the market. In Arlington, across almost all price points, if the home doesn’t sell in the first two to three weeks, a price reduction may be necessary. Since the market moves daily, newer inventory will come and go while older inventory gets stale. By the time days on market hits the median, the likelihood of getting 99%+ of asking price is substantially diminished.
It’s going to be a busy weekend for open houses in Arlington. I expect to see the crowds checking out some of the brand-new offerings.
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:
- 325 S. Wayne Street, Arlington, VA 22204 — $499,000
- 2220 N. Fairfax Drive #111, Arlington, VA 22201 — $795,000
- 2826 Lorcom Lane, Arlington, VA 22207 — $850,000
- 4604 3rd Street S., Arlington, VA 22204 — $895,000
- 1418 N. Rhodes Street #B130, Arlington, VA 22209 — $920,000
- 3416 17th Street S., Arlington, VA 22204 — $1,150,000
- 1816 N. Kenmore Street, Arlington, VA 22207 — $1,300,000
- 4001 N. Stafford Street, Arlington, VA 22207 — $2,299,000
55+ Single Level Living
Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
A look at the most and least expensive single-family homes sold in Arlington last month, November 2023.
Eighteen properties formerly within a special “revitalization district” in Cherrydale will soon officially be eligible for redevelopment with 2- to 6-unit homes. On Monday, the Arlington Planning Commission unanimously adopted…
About Latinas Leading Tomorrow (LLT): Latinas Leading Tomorrow is a dynamic 501(c)(3) nonprofit organization dedicated to empowering young Latina women through education, mentorship, and leadership development. We are committed to fostering a community of future leaders who will make a significant impact to the community.
Job Description: We are seeking a passionate and dedicated Part-time Executive Director to lead our organization into its next phase of growth and impact. The ideal candidate will be a visionary leader who can oversee day-to-day operations, drive fundraising efforts, and cultivate relationships with stakeholders. This is a 1099 position; Remote position with ability to attend DMV events; 8-10 hours a week; $35-40/per hour.
Oversee program operations, including educational and community initiatives.
Ensure compliance with legal and regulatory requirements, maintaining trust and accountability.
Develop and execute a strategic vision aligned with our mission and values.
Lead fundraising efforts in partnership with the Board Members.
Cultivate relationships with community partners, schools, educators, and donors.
Demonstrate strong leadership skills, fostering a positive organizational culture.
Communicate effectively with diverse stakeholders and make compelling public presentations.
Promote inclusivity and collaboration throughout the organization.
Children’s Weekday Program (CWP) is a non-profit preschool rooted in a play-based philosophy. We focus on developing a love of learning and exploration, cooperation, empathy, and independence.
Our caring and experienced educators create opportunities for children 16 months to 5 years old to play, learn, and grow in a nurturing environment of child-centered and developmentally appropriate experiences.
Initially established more than 50 years ago in South Arlington, CWP continues to be a lauded program in the Northern Virginia area. We are extremely proud to have been recognized as a Best Preschool in Northern Virginia Magazine for the last 4 years.
Located now in North Arlington at 2666 Military Road, CWP offers a part-time parents day out and preschool program with options to extend care both before and after school. We offer a supportive and inclusive school community for children and parents alike and welcome all families to join our school!
Holiday Art Show featuring artists: Peter Fitzgerald, Claire Plante, Alanna Rivera, and Suzy Scollon. At the Barcroft Community House, 800 South Buchanan St., Arlington, VA. Dec. 8 from, 2 PM to 8 PM and Dec. 9 from 10 AM to