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 Arlingtonians, and welcome to JUST LISTED!
As expected, the Arlington real estate took a bit of a nap over the week surrounding the Fourth of July. The fireworks, barbecues, gorgeous weather and maybe even the tornado (!) collectively took people’s minds from real estate briefly. As is typical after a brief pullback, expect next week’s numbers to strengthen a bit, with more ratified contracts than this current week.
Sellers have been consistently doing their part in listing homes and freshening up the inventory weekly. Buyer demand is a bit more tepid, geared more toward the nicest, most updated and move-in ready homes. They are seeking value after such an aggressive spring market, and they are being pickier because they can be.
To prevent your home from being one of those whose days on market figure is creeping up, it needs to be a polished gem! A fresh coat of paint, refinished hardwood floors or brand-new carpet (news flash: no buyer wants to spend their life savings on someone else’s worn out, used carpet). And if something is broken, fix it. This is how you differentiate your product from the others, and you need to now that buyers have a bit more to choose from.
PICK OF THE WEEK: 1114 21st Street S., Arlington, VA 22202 — $1,049,900
Find an expanded and fully renovated Cape Cod tucked into a super private part of the Addison Heights neighborhood. Terrific curb appeal and a stunning, mature landscaped and hardscape garden await. A gorgeous white eat-in kitchen overlooks the backyard, and a separate fully equipped bar and butler’s pantry area are an entertainer’s dream. There are four bedrooms, two bathrooms, a finished basement with laundry and an attached one-car garage. Light-filled throughout, gleaming hardwoods including heart of pine upstairs, and many newly updated systems await!
Find my team here this weekend, both Saturday, July 10, and Sunday, July 11, from 1-4 p.m.
Now, for this week’s numbers…!
Sellers listed 88 homes for sale this past week, four less than the week before. Buyers ratified 54 contracts, a 44% reduction from the week prior, and just 17 those were on homes JUST LISTED in the past seven days.
There are 540 available properties for sale throughout all of Arlington and across all property types — 139 are detached homes, 56 are townhome/semi-detached homes and 345 of the available units in Arlington are condos.
For a bit of perspective, this same week last year sellers listed 79 homes and buyers ratified 47 contracts. There were also only 309 available properties for sale this week last year.
The average list price for currently available properties is $776,865 and the median is $550,000. Currently available properties in Arlington have an average of 56 days on market (DOM) and a median of just 34.
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:
- 2301 25th Street S. #4-108, Arlington, VA 22206 — $340,000
- 4141 N. Henderson Road #212, Arlington, VA 22203 — $389,500
- 4307 35th Street S., Arlington, VA 22206 — $599,900
- 1706 S. Edgewood Street, Arlington, VA 22204 — $705,000
- 1025 N. Stafford Street, Arlington, VA 22201 — $800,000
- 1114 21st Street S., Arlington, VA 22202 — $1,049,900
- 902 S. Quincy Street, Arlington, VA 22204 — $1,250,000
- 3812 13th Street N., Arlington, VA 22201 — $1,300,000