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.
Inventory continues to flat line as we approach the end of the year!
Buyer demand remains strong as we make our way towards the middle of December, further squeezing inventory as sellers wait for warmer weather before listing their home.
At this point in the year, a lot of our remaining inventory is what I would refer to as “holdover” inventory — properties that have been on the market substantially longer than the average. Not all homes sell promptly in Arlington, and even in a fast-paced market, properties that are overpriced relative to their competition, condition, location or level of updating will sit on the market. These homes aren’t going anywhere anytime soon unless a seller makes a substantial price reduction to find the market.
This past week, buyers put 59 homes under contract in Arlington, but sellers only listed 47 properties for sale. Of the 59 contracts buyers ratified, 17 were on properties that had spent one week or less on the market.
We are now down to the lowest available inventory in approximately 22 months — more towards our pre-Covid numbers. Of the 343 available properties for sale in Arlington, 79 are detached homes, 46 are town houses/semi-detached properties, and 218 are condominiums.
As of this week, the average list price of homes currently for sale is $822,922, and the median is $559,950. Average days on market (DOM) is 82, and the median is 56. Homes of all types throughout Arlington range in price from $100,000 all the way up to $4,250,000!
This week last year, there were 512 homes available for sale in Arlington! Average days on market was 67, and median was 52. Sellers had listed 47 homes for sale, and buyers ratified 41 contracts.
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 homes that came on the market this week that you might be interested in. There were only 18 new homes listed this week total.
- 1813 Key Boulevard #10537, Arlington, VA 22201 — $280,000
- 1900 N. Rhodes Street #69, Arlington, VA 22201 — #312,000
- 4077 S. Four Mile Run Drive #401, Arlington, VA 22204 — $380,000
- 1210 S. Barton Street #332, Arlington, VA 22204 — $460,000
- 2444 S. Oakland Street, Arlington, VA 22206 — $479,000
- 5942 10th Road N., Arlington, VA 22205 — $875,000
- 707 N. Ivy Street, Arlington, VA 22201 — $1,389,000
- 1311 N. Highland Street, Arlington, VA 22201 — $2,800,000
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Discover what you should be doing if new to real estate development in Boring Title this week.
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Signature Theatre just released single tickets for all 33rd season productions, which highlights the organization’s long-time relationship with legendary composer Stephen Sondheim. Beginning with the musical adaptation of The Color Purple and irreverent No Place to Go, the season continues with three Sondheim musicals, the DC premieres of Off-Broadway hit Which Way to the Stage and Pulitzer Prize finalist Selling Kabul, the Tony Award®-winning rock musical Passing Strange, and return of Signature’s cabaret series honoring legendary artists.
“Last November, the world lost an icon. The death of Stephen Sondheim was a blow to everyone in the theater community. Signature Theatre would not be the same without Sondheim — he IS Signature’s ‘signature.’ This season, we are honoring the legend with productions of Into the Woods, Pacific Overtures and Sweeney Todd dedicated to his memory. These shows represent the diversity and range of Sondheim,” said Signature’s Artistic Director Matthew Gardiner about the new season.
Azure Dream Day Spa is hosting their Grand Opening Celebration at their beautiful new spa located at 901 N. Quincy St. on Friday, August 12 from 5-9 p.m.
All are invited to come tour the new spa and to take