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, fellow Arlingtonians!
The pace of our market seems to have tapered off a bit — and a few weeks earlier than I had expected. We’ve got plenty of multiple offer scenarios, price escalations and the like, but the feeding frenzy has slowed for two weeks in a row. Remember, as we get closer to the summer, the market traditionally levels out a bit… People take vacations, we’re past the military moving season, and demand and supply get a little bit more “equal.” Don’t take this to mean prices go down, of course, as you can expect the nicest homes to continue to attract multiple bidders and sell promptly any time of the year.
Interest rates are holding steady, just a point below 3.00% or so on average, with many buyers qualifying for about 2.875% on a 30-year fixed rate mortgage. Consensus from most lenders is that this will stay steady throughout the summer.
Sellers listed 110 homes for sale this past week, 19 less than the week before. Buyers ratified 66 contracts, 26 less than last week and just 20 of which were on homes just listed in the past seven days.
This week, there are 543 available properties for sale throughout all of Arlington and across all property types — a big jump of 38 from last week. Additionally, 125 are detached homes.
There are 66 townhomes/semi-detached homes currently for sale, and condominiums make up 352 of the available units in Arlington.
To give you a brief comparison of what our numbers looked like last year, for the same week, sellers listed 62 homes and buyers ratified 56 contracts. There were also only 256 available properties for sale this week last year.
The average list price for currently available properties is $767,316 and the median is $569,950. Currently available properties in Arlington have an average of 57 days on market (DOM) and a median of just 28.
Pick of the Week: The Andors Real Estate Group is proud to have JUST LISTED 925 21st Street S., Arlington, VA 22202 — $915,000.
This Arlington bungalow with screened front porch is beautifully sited on a flat, manicured and oversized 7,500-square-foot lot planted with native Virginia species in sought-after Addison Heights. A fully fenced backyard features a slate multi-level patio and plenty of room to enjoy the outdoors. Three bedrooms, two full bathrooms, generous proportioned rooms, and an open, nicely appointed kitchen are just some of the things you’ll love. Driveway parking, dual-zone air conditioning and many recently updated systems — this home is move-in ready!
Find my team here this weekend Saturday and Sunday from 1-4 p.m.
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:
- 3800 Fairfax Drive #808, Arlington, VA 22203 — $670,000
- 5886 1st Street N., Arlington, VA 22203 — $789,000
- 3927 6th Street S., Arlington, VA 22204 — $845,000
- 1104 N. Roosevelt Street, Arlington, VA 22205 — $900,000
- 925 21st Street S., Arlington, VA 22202 — $915,000
- 5520 16th Street N., Arlington, VA 22205 — $1,175,000
- 2354 N. Quincy Street, Arlington, VA 22207 — $1,580,000
- 1925 N. Harvard Street, Arlington, VA 22201 — $1,799,000