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.
Welcome to Just Listed!
Interest rates rise again! Now standing at an average of 3.14% for a 30-year fixed rate mortgage, all signs point to this continuing. I mentioned last week that this may push first time buyers out of the market, and that remains true. In Arlington, our first time buyers already have a hard time going up against more seasoned homeowners, so this is only compounding, especially in the higher price points.
Demand continues to show signs of strength after a bit of a slower summer, and that lends to what you’ve been hearing, perhaps for years; the pent-up demand is unsatisfied. That pent-up demand has continued to elevate prices, but the trend is slowing.
This week, 64 new properties were listed in the county, remaining unchanged from last week, and the week before! From memory, we haven’t had this much consistency since I started this column regarding new inventory.
Buyers ratified 64 contracts, one less than the week before, including 16 contracts on properties that had been on the market seven days or less.
In Arlington, we currently have 513 listed homes for sale, one less than last week. 122 of these options are detached homes. 72 are townhomes/semi-detached properties, and the remaining 319 are condominiums.
The average price for homes across all property types in Arlington right now is $774,675, while the median price is $575,000. On average, these homes have been on the market for 65 days, but the median is just 42.
A quick comparison to this week last year, there were 67 homes listed for sale and 55 ratified contracts. There were 539 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.
- 2242 S. Randolph Street #1, Arlington, VA 22204 — $495,000
- 3306 S. Wakefield Street, Arlington, VA 22206 — $515,000
- 3650 S. Glebe Road #942, Arlington, VA 22202 — $679,500
- 1000 N. Kensington Street, Arlington, VA 22205 — $829,900
- 1627 N. Woodstock Street, Arlington, VA 22207 — $1,015,000
- 2606 N. Brandywine Street, Arlington, VA 22207 — $1,250,000
- 4021 19th Street S., Arlington, VA 22204 — $1,489,888
- 3525 N. Ohio Street, Arlington, VA 22207 — $2,595,000
