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, Arlington, and welcome to JUST LISTED!
Average and median days on market (DOM) are rising, inventory is contracting, and buyers are not taking as many homes under contract.
In just eight weeks, median days on market has crept up by 12 days, from 30 to 42. This is mostly attributable to fewer new listings coming on market but is also impacted by fewer ratified contracts. Houses are taking a bit longer to sell, and this continues to encourage an uptick in price reductions amongst sellers who thought their home would sell more promptly.
Interest rates are staying remarkably stable, according to Freddie Mac. The 30-year fixed rate mortgage is currently at 2.86% on average. This is something I think will have a big impact on the upcoming fall market – buying power is still near an all-time high, and demand remains very high, especially for detached homes.
Let’s dive into the numbers a bit more below, and of course check out some of the newest Arlington inventory as well.
Sellers listed 53 homes for sale this past week, 13 less than the week before. Buyers ratified 59 contracts, four more than the week prior. 21 of the ratified contracts were on homes JUST LISTED in the past seven days.
There are 506 available properties for sale throughout all of Arlington and across all property types: 146 are detached homes, 55 are townhome/ semi-detached homes and 305 of the available units in Arlington are condos.
For a bit of perspective, this same week last year sellers listed 83 homes and buyers ratified 68 contracts. There were also only 392 available properties for sale this week last year.
The average list price for currently available properties is $812,168 and the median is $599,000. Currently available properties in Arlington have an average of 64 days on market (DOM) and a median of just 42.
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.
- 4500 S. Four Mile Run Drive #1123, Arlington, VA 22204 — $399,900
- 851 N. Glebe Road #314, Arlington, VA 22203 — $420,000
- 2842 S. Buchanan Street, Arlington, VA 22206 — $554,000
- 1407 S. Columbus Street, Arlington, VA 22204 — $739,000
- 1104 N. Kentucky Street, Arlington, VA 22205 — $799,000
- 1716 12th Street S., Arlington, VA 22204 — $999,900
- 1509 N. Scott Street, Arlington, VA 22209 — $1,800,000
- 4212 39th Street N., Arlington, VA 22207 — $2,495,000
The week started as summer and is ending, unmistakably, as fall. On the plus side, we have a stretch of crisp, sunny days ahead, with the exception of some rain…
A 5 BD/2 BA home with a light-filled den and screened back porch is included in Open Houses.
Early voting got off to a muted start today (Thursday) at the Arlington County government headquarters in Courthouse. “We had a line of five voters when we opened at 8…
Wakefield High School and Claremont Elementary School were secured today in response to reports of gunfire in nearby Bailey’s Crossroads.
Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above. In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?
All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).
When: Sunday, October 2nd, Noon – 4 PM.
Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for our Homebuying