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. As always, thanks for keeping up with the Just Listed column. We aim to keep you in-the-know with how our Arlington real estate market is performing week over week.
Some big news in the mortgage industry, the 30-year fixed rate mortgage surpasses 3%, which is the highest point since April of this year. As reported by Freddie Mac, when you couple this rise in rates with home price growth, it is going to keep some buyers out of the market, especially those shopping close to their limits.
This usually impacts first time home buyers who are trying to break into the market more than their more experienced counterparts, often in the more approachable price points.
Another trend I’ve been watching is the decrease in available condominium inventory. This has been going on for the past five weeks, the longest decrease I’ve seen since the exodus from condos back in spring of 2020. Condos and higher priced homes have been the shining stars of the market for the past few weeks, a trend the rest of the market is not going along with. I’ll be keeping an eye on this going forward as it may be a broader market indicator.
This week, 64 new properties were listed in the county, 10 more than last week.
Buyers ratified 67 contracts, five more than the week before, including 22 contracts on properties that had been on the market seven days or less.
In Arlington, we currently have 531 listed homes for sale, two more than last week. 140 of these options are detached homes. 69 are townhomes/semi-detached properties, and the remaining 322 are condominiums.
The average price for homes across all property types in Arlington right now is $772,807, while the median price is $587,000. On average, these homes have been on the market for 62 days, but the median is just 36.
A quick comparison to this week last year, there were 88 homes listed for sale and 71 ratified contracts. There were 542 properties available in Arlington.
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.
- 3600 Glebe Road #815W, Arlington, VA 22202 — $405,000
- 836 S. Irving Street, Arlington, VA 22204 — $535,000
- 1832 N. Culpeper Street, Arlington, VA 22207 — $699,999
- 2001 15th Street N. #309, Arlington, VA 22201 — $749,900
- 2152 Military Road, Arlington, VA 22207 — $898,000
- 4032 N. Tazewell Street, Arlington, VA 22207 — $1,050,000
- 2248 N. Vermont Street, Arlington, VA 22207 — $1,199,900
- 1031 N. Edgewood Street, Arlington, VA 22201 — $2,675,000
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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!
Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
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
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve