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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“Probing the highly imaginative, inspired mind of Teresa Oaxaca is not altogether unlike having a present-day conversation with an Old Master,” says Nashville Arts Magazine.
Here is an unusual opportunity to learn from this incredibly talented and accessible artist, at Art House 7’s two-day oil painting workshop in October. Teresa will give 2 portrait painting demonstrations for 3 hours each morning. Students will then be painting from a clothed live model. Teresa will offer individual critiques that focus on materials, techniques, process and artistic vision. You’ll get jazzed up about painting and become more confident about your abilities.
Art House 7, Two-Day Oil Painting Workshop with Teresa Oaxaca. Saturday, October 22 and Sunday, October 23, 10 a.m.-4 p.m. EDT $250.
See more about Teresa Oaxaca here. Art House 7 5537 Langston Blvd., Arlington, Va. 22207
Validating one’s emotions has the power to heal, transform, and empower. What Is Validation? Every human being has feelings. We all have emotions that change over time, sometimes quickly, sometimes slowly. The question isn’t whether we feel; it’s how we handle feelings once they arise.
Building strategies to understand emotions is essential to positive mental health, and validation is one effective skill to practice.
Emotional validation is the process of understanding, embracing, and actively listening to another person’s feelings (or your own).
Understanding someone’s emotions doesn’t necessarily mean you approve of how they are feeling or reacting to something. You can be supportive in acknowledging and validating an emotional experience without agreeing or diminishing it. Validation is a skill to learn and improve over time. It may take practice, but the effort is most certainly worth it. Emotional validation has the power to enhance interpersonal communication and foster strong relationships.
Are you ready to buy your first home, but concerned about saving for a down payment? Grab a drink and join us for 45 minutes to learn more about how you can buy your first house with 3%, 5%, or