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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Join MoCA Arlington Summer Camps at Marymount University and learn the fundamentals of handbuilding, throwing on a wheel, glazing, and much more. In this two-week course, students will explore hand building techniques, wheel throwing, and strengthen ideas that exemplify individual artist expression guided by professional working artists. Students of all skill levels are welcome!
Visit MoCA Arlington’s Website here and the registration page to secure your space today!
Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,