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.
Buenos dias, Arlington, and welcome to JUST LISTED!
Fall is pretty much here, and the real estate market looks like it sped up just a bit over the past seven days. We saw an uptick in new listings and ratified contracts this past week, as well as a decrease in overall inventory. Our pace right now is a lot slower than it was a year ago — about 25% less ratified contracts compared with the same week last year.
Mortgage rates held steady over the past week, and buyers are ready to get right back at it this fall. Buying power has stayed very steady this year because of the low interest rate environment and predictability. I don’t anticipate prices to increase rapidly this fall the way we saw them jump during the spring, but the demand will be strong enough to keep the momentum moving forward.
Another sign the market, at least listings, are about to pick up: There are currently 55 listings in ‘Coming Soon’ status in the multiple listing service (MLS). This status means that they are not yet ready for showings or open houses but alerts prospective purchasers that the home will be ready soon. Usually, homes can be in this status for no more than 21 days unless there is an extensive renovation in progress, or it is new construction.
PICK OF THE WEEK: The Andors Real Estate Group is proud to have JUST LISTED 2706 S. Grant Street, Arlington, VA 22202 — $1,149,000.
This expanded and updated five-bedroom, four-bathroom raised rambler sits within walking and biking distance of the Pentagon. The main level features four generous bedrooms and three full bathrooms, including two en-suite, a formal living room, a formal dining room, and a fantastic foyer. An amazing family room has six skylights and a vaulted ceiling overlooking the private, landscaped backyard. The stunning custom patio has a seating ledge, grilling station and stretches the width of the house. The large 8,313-square-foot lot features tree houses, raised garden beds and is very private. The chef’s kitchen has a large skylight and features all stainless-steel appliances, including double Viking ovens and plenty of counter and cabinet space. The lower level has a fifth bedroom with its own separate entrance (great for an au pair), a fourth full bathroom, a spacious laundry, utility and storage space, and an attached one-car garage.
You can find me and my team here this weekend hosting in-person open houses — Saturday and Sunday 1-4 p.m.
Now for more of this week’s numbers and analysis.
Sellers listed 63 homes for sale this past week, 13 more than the week before. Buyers ratified 56 contracts, 12 more than the week prior. Of the ratified contracts, 21 were on homes JUST LISTED in the past seven days.
There are 483 available properties for sale throughout all of Arlington and across all property types: 131 are detached homes, 55 are townhome/semi-detached homes and 297 of the available units in Arlington are condos.
For a bit of perspective, this same week last year sellers listed 82 homes and buyers ratified 72 contracts. There were also only 384 available properties for sale this week last year.
The average list price for currently available properties is $801,332 and the median is $580,000. Currently available properties in Arlington have an average of 63 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.
- 3089 S. Woodrow Street, Arlington, VA 22206 — $549,500
- 216 S. Courthouse Road, Arlington, VA 22204 — $564,900
- 1144 S. Edison Street, Arlington, VA 22204 — $695,000
- 647 N. Tazewell Street, Arlington, VA 22203 — $849,900
- 410 N. Granada Street, Arlington, VA 22203 — $885,000
- 6106 22nd Street N., Arlington, VA 22205 — $1,120,000
- 2706 S. Grant Street, Arlington, VA 22202 — $1,149,000
- 3501 N. Pershing Drive, Arlington, VA 22201 — $1,500,000
These 3 BD/3.5 BA luxury townhomes feature four finished levels plus an outdoor terrace, a first-floor office and a two-car garage.
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