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.
Greetings, Arlington, and welcome to JUST LISTED!
As we predicted last week heading into August, the market would likely slow down a bit more during the latter half of summer. Fewer sellers will list their homes in August, likely waiting until just after Labor Day to do so, and buyers are probably taking their last beach vacation before the fall.
This past week, according to the numbers below we saw a decent drop in available inventory, with 27 fewer homes to choose from in Arlington. For the first time since I’ve started tracking this, buyers ratified just as many contracts as sellers listed new homes at 73 each!
Overall inventory decreased, despite that brief equilibrium as some listings expire, sellers withdraw either permanently or temporarily, and some rethink their strategy going forward. 61 homes reduced their prices this week in Arlington, accounting for almost 12% of available inventory. This is up quite a bit from the spring, when houses sold faster than a seller needed to consider reducing the price (and for much more money than they were asking). For buyers looking for a “deal” or a “bargain,” this could be your moment of opportunity! If you’re hesitant to get into a bidding war, these may be your saving grace.
The Andors Real Estate Group has a fantastic, beautiful new listing that just hit the market and we’re excited to share! It’s our PICK OF THE WEEK — check it out: 2114 S. Joyce Street, Arlington, VA 22202 — $830,000.
The large covered front porch of this traditional, detached home is very welcoming and is a great place to people watch, observe a thunderstorm or enjoy a glass of wine to wind down after a stressful day. Gleaming hardwoods shine throughout this nearly 1900 s.f. three-bedroom, two full bathroom property with an open floor plan. A beautiful kitchen overlooks the serene backyard, boasting mature landscaping and hardscape.
Two main level bedrooms share a renovated hall bathroom, and a staircase leads to a truly impressive owner’s retreat. A tremendous bedroom with exposed wood beams and many skylights is the bedroom you’ve always wanted. A walk-in closet doubles as a sitting room and a large spa-like en-suite bathroom features a jetted tub, walk-in frameless glass shower, private water closet and double vanities.
Located just .7 miles to the Pentagon City Metro station, the convenience is unparalleled. Find our team here Saturday from 11 a.m.-2 p.m. and Sunday from 1-4 p.m. for the open houses!
Sellers listed 73 homes for sale this past week, 24 less than the week before. Buyers ratified 73 contracts, nine less than the week prior. 28 of the ratified contracts were on homes JUST LISTED in the past seven days.
There are 518 available properties for sale throughout all of Arlington and across all property types: 142 are detached homes, 52 are townhome/semi-detached homes and 324 of the available units in Arlington are condos.
For a bit of perspective, this same week last year sellers listed 77 homes and buyers ratified 65 contracts. There were also only 340 available properties for sale this week last year.
The average list price for currently available properties is $795,301 and the median is $585,000. Currently available properties in Arlington have an average of 60 days on market (DOM) and a median of just 36.
Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.
- 1774 N. Troy Street #719, Arlington, VA 22201 — $319,719
- 4520 28th Road S. #A, Arlington, VA 22206 — $484,900
- 3605 12th Street S., Arlington, VA 22204 — $719,000
- 2114 S. Joyce Street, Arlington, VA 22202 — $830,000
- 3013 N. Toronto Street, Arlington, VA 22213 — $925,000
- 1812 24th Street S., Arlington, VA 22202 — $950,000
- 5713 10th Road N., Arlington, VA 22205 — $1,000,000
- 2416 N. Quantico Street, Arlington, VA 22207 — $1,750,000
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