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
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October is National Arts & Humanities Month and Arts Focus highlights the NAHM 2022 Poster Competition now accepting submissions.
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As the summer winds down, it’s a great time to look forward to a creative fall! Art House 7 has a terrific selection of classes, for preschoolers to adults. Our fall session, starting September 6, offers painting, drawing, sculpture, collage, ceramics (including the wheel) and sewing. We have specialty classes such as Suminagashi, the ancient art of Japanese water marbling.
If you’re looking for a shorter commitment, we also have a full schedule of workshops, Art Nights, and Morning Art Socials. If you haven’t discovered Art House 7, please check us out! We offer classes throughout the year, taught by a range of fantastic teachers. You can buy art supplies next door. We’re near the Lee Harrison shopping center, and free parking is outside our door.
Art House 7
5537 Langston Blvd.Arlington VA 22207
Have you ever considered purchasing a rental property but weren’t sure where to start? This free webinar will go over the basics of how to invest in real estate, how to choose rental properties, and a market overview. Our Director