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.
Happy New Year, Arlington!
WOW — 2021 was a year for the record books when it comes to real estate, and the real question is how will 2022 compare!?
Truth is, we only have some early indicators at this point, and anyone who claims to know is only speculating. So many things impact our local marketplace, and many of those are likely to change throughout the year.
Interest rates are going to rise this year, but exactly how that impacts our high-priced homes might surprise some folks. I’ve mentioned before that interest rates impact lower incomes and lower price points more than they do the million-dollar homes, so the hype around interest rates may be overblown, at least in Arlington and the surrounding metropolitan area.
Inflation is another serious factor, especially as it continues to run very high, relative to the past few decades. Real estate is a hard asset, a perfect place to hedge against weakening purchasing power. If inflation continues to run high, expect housing prices locally and across the country to keep up, or exceed inflation numbers.
Inventory, currently at the lowest point since I took over this blog 23 months ago, will always be the biggest part of the story in Arlington. I’ve said it before and I’ll say it again, housing markets are a simple supply and demand equation. So long as inventory fails to meet demand, prices will be driven upwards. Expect this to continue for years to come.
Do politics play a role? Well, more so in Arlington and the DMV than just about anywhere else in the country, but just how much? Very little. Truth is, even in presidential cycles, most of the staffers on the hill are already here, and they don’t leave even if their candidate doesn’t win, they just work in a different office somewhere in the region. There is almost no discernible impact from either the presidential election or mid-terms, and 2022 isn’t likely to deviate from that too much.
2021 smashed sales records for one main reason, and that is that people finally started moving! Demand wasn’t fully satisfied, but enough homes came up for sale, and were subsequently bought, that we were able to see so much more turnover in our geographically tiny county. We’re beginning 2022 with 261 properties available for sale, but this week last year, we had 513! So, for 2022 to look anything like 2021, we’re going to need some sellers to cash in on the high prices…
Digging into some other numbers for you to kick off the year, we’re off to a slow start, but that’s to be expected this time of year. Sellers listed just 28 homes in the past week, and buyers ratified 17 contracts, four of which were on homes listed seven days or less.
Of the homes currently available for sale (261 total), 61 are detached homes, 36 are semi-detached/ townhomes, and the remaining 185 are condominiums. These properties range in price from $100,000 all the way up to $4,250,000.
Average list price for currently available homes is $841,985, and the median price is $562,450. These homes have been on the market for an average of 89 DOM (days on market) and a median of 64. Expect the DOM to start dropping precipitously in the coming weeks as we see a surge of new inventory.
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.
- 1024 N. Utah Street #517, Arlington, VA 22201 — $372,000
- 4127 S. Four Mile Run Drive #403, Arlington, VA 22204 — $379,000
- 2952 S. Columbus Street #A2, Arlington, VA 22206 — $524,900
- 1301 N. Courthouse Road #1710, Arlington, VA 22201 — $625,000
- 2420 S. Walter Reed Drive #1, Arlington, VA 22206 — $699,000
- 6586 Williamsburg Boulevard, Arlington, VA 22213 — $1,075,000
- 2800 N. Dinwiddie Street, Arlington, VA 22207 — $1,200,000
- 2805 11th Street N., Arlington, VA 22201 — $1,290,000
It’s Hanukkah — The Jewish festival of Hanukkah started last night. Public menorah lightings are planned in Clarendon and Pentagon City are planned on Sunday and Monday. [ARLnow] Federal Funds…
55+ Single Level Living
Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
A look at the most and least expensive single-family homes sold in Arlington last month, November 2023.
About Latinas Leading Tomorrow (LLT): Latinas Leading Tomorrow is a dynamic 501(c)(3) nonprofit organization dedicated to empowering young Latina women through education, mentorship, and leadership development. We are committed to fostering a community of future leaders who will make a significant impact to the community.
Job Description: We are seeking a passionate and dedicated Part-time Executive Director to lead our organization into its next phase of growth and impact. The ideal candidate will be a visionary leader who can oversee day-to-day operations, drive fundraising efforts, and cultivate relationships with stakeholders. This is a 1099 position; Remote position with ability to attend DMV events; 8-10 hours a week; $35-40/per hour.
Oversee program operations, including educational and community initiatives.
Ensure compliance with legal and regulatory requirements, maintaining trust and accountability.
Develop and execute a strategic vision aligned with our mission and values.
Lead fundraising efforts in partnership with the Board Members.
Cultivate relationships with community partners, schools, educators, and donors.
Demonstrate strong leadership skills, fostering a positive organizational culture.
Communicate effectively with diverse stakeholders and make compelling public presentations.
Promote inclusivity and collaboration throughout the organization.
Children’s Weekday Program (CWP) is a non-profit preschool rooted in a play-based philosophy. We focus on developing a love of learning and exploration, cooperation, empathy, and independence.
Our caring and experienced educators create opportunities for children 16 months to 5 years old to play, learn, and grow in a nurturing environment of child-centered and developmentally appropriate experiences.
Initially established more than 50 years ago in South Arlington, CWP continues to be a lauded program in the Northern Virginia area. We are extremely proud to have been recognized as a Best Preschool in Northern Virginia Magazine for the last 4 years.
Located now in North Arlington at 2666 Military Road, CWP offers a part-time parents day out and preschool program with options to extend care both before and after school. We offer a supportive and inclusive school community for children and parents alike and welcome all families to join our school!
Holiday Art Show featuring artists: Peter Fitzgerald, Claire Plante, Alanna Rivera, and Suzy Scollon. At the Barcroft Community House, 800 South Buchanan St., Arlington, VA. Dec. 8 from, 2 PM to 8 PM and Dec. 9 from 10 AM to