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.
Hello, Arlington, and welcome to JUST LISTED!
The August doldrums have arrived! This is the third week of declining numbers for ratified contracts and the fourth week for declining ratified contracts on newly (within seven days) listed properties. We also have less available inventory for four weeks in a row, with a 10% decline over the past month.
We will likely level out at this point — I do not expect inventory to drop too much more — though this week is the first week I can recall in a very long time where ratified contracts have outpaced new listings. Last week they were dead even.
Expect this to be pretty much par for the course until around Labor Day. I’ve often called the fall market in Arlington the “second spring” and anticipate this year to follow suit.
Make no mistake about the month of August. The market is still red hot, and buyers will have to work hard to get the nicest, most move-in ready properties! Just yesterday, the Andors Real Estate Group received four offers on our newest listing, bidding the price up over $70,000, or roughly 8% over the list price, and buyers removed almost all standard contingencies.
Now, more on our weekly numbers below, as well as a comparison to last year for the same week. Sellers listed 63 homes for sale this past week, 10 less than the week before. Buyers ratified 67 contracts, six less than the week prior. Just 16 of the ratified contracts were on homes JUST LISTED in the past seven days.
There are 497 available properties for sale throughout all of Arlington and across all property types: 133 are detached homes, 52 are townhome/ semi-detached homes and 312 of the available units in Arlington are condos.
For a bit of perspective, this same week last year, sellers listed 88 homes and buyers ratified 68 contracts. There were also only 351 available properties for sale this week last year.
The average list price for currently available properties is $802,825 and the median is $580,000. Currently available properties in Arlington have an average of 62 days on market (DOM) and a median of just 37.
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.
- 2301 25th Street S. #4-304, Arlington, VA 22206 — $425,000
- 1021 N. Garfield Street #444, Arlington, VA 22201 — $490,000
- 2404 S. Walter Reed Drive #3, Arlington, VA 22206 — $675,000
- 2654 S. Kenmore Court, Arlington, VA 22206 — $832,500
- 1146 N. Taylor Street #1, Arlington, VA 22201 — $850,000
- 4704 23rd Street N., Arlington, VA 22207 — $1,325,000
- 5063 27th Street N., Arlington, VA 22207 — $1,750,000
- 3038 N. Peary Street, Arlington, VA 22207 — $3,250,000
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Arlington and its neighbors have become more segregated in the last 10 years while fair housing legislation at the state level faces significant roadblocks. Arlington’s fair housing enforcement, education, and commitment to equity practices in housing policy and programs are beginning to show signs of improvement but much more needs to be done.
Join the NAACP Arlington Branch, HOME of Virginia, and Equal Rights Center for the 2nd Annual Arlington Fair Housing Conference on April 15th to discuss the threats and opportunities to advancing fair housing policy across the state and within Arlington.
The half-day, in-person event will feature speakers from fair housing advocacy organizations and government agencies including the U.S. Department of Housing and Urban Development, and focus on fair housing policy trends in Virginia and Arlington County. The conference aims to advance the understanding of issues and policies related to equity and affirmatively further fair housing among local officials, advocates, and members of the public.
2nd Annual Arlington Fair Housing Conference
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, April 5th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Private School Fair
Congressional School to Host MONA Private School Fair Thursday, April 27 at 6:30 PM
Congressional School in Falls Church, VA is delighted to host the MONA (Mothers of North Arlington) at an upcoming Private School Fair. Private schools from around
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and