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.
Interest Rates — These very important details of the real estate market just SKYROCKETED to 3.45% for a 30-year fixed rate mortgage! This is a tremendous jump, from 3.22% last week, from 2.78% just six months ago and the highest since March 26, 2020, according to Freddie Mac.
Why are rates rising? Well, the Fed has signaled multiple rate hikes in 2022 as they start to tighten their monetary policy to fight rampant inflation, but this does not lead directly to the mortgage rates I quoted you above. The reason these rates have risen is due to the expectation of Fed interest rate hikes. The interest rates borrowers pay are more closely related to the 10-year treasury yield, and that takes its ques from broader market sentiment and expectations. In any case, rates rose almost a quarter of a point in just the last week, a very steep rise that is likely to impact home purchases, especially if inventory remains tight.
Last week we had 261 properties for sale in Arlington, and this week we have just one more, for a total of 262.
We saw a big jump in activity from two weeks ago — no surprise as we’re now solidly past the holidays. Sellers listed 56homes in the past week, double the 28 from last week, and buyers ratified 56 contracts, 16 of which were on homes listed seven days or less.
Of the 262 homes currently available for sale, 61 are detached homes, 29 are semi-detached/townhomes, and the remaining 172 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 $847,787, and the median price is $562,450. These homes have been on the market for an average of 82 DOM (days on market) and a median of 49. From last week, average days on market dropped by 7, and median by 13, both lowered by a large influx of new homes starting to hit the market.
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.
- 4605-A 28th Road S., Arlington, VA 22206 — $393,700
- 4622 36th Street S. #A, Arlington, VA 22206 — $589,900
- 3315 S. Stafford Street, Arlington, VA 22206 — $599,900
- 4414 34th Street S., Arlington, VA 22206 — $600,000
- 5332 2nd Street S., Arlington, VA 22203 — $895,000
- 1615 N. Queen Street #M301, Arlington, VA 22209 — $1,250,000
- 6058 Little Falls Road, Arlington, VA 22207 — $1,350,000
- 2334 N. Vermont Street, Arlington, VA 22207 — $2,250,000
Good Monday evening, Arlington. Today we published articles that were read a total of 8752 times… so far. 📈 Top stories The following are the most-read articles for today —…
Our Mom Eugenia may finally be ready to “opa” later this week in Shirlington. The popular, family-owned Greek eatery is preparing to open its newest location on Thursday (March 30),…
The Arlington County Board approved zoning changes to accommodate “missing middle” housing units, such as duplexes, triplexes, and small multi-family buildings, in areas designated for single-family homes. While some argue…
Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that highlights Arlington-based startups, founders, and local tech news. Monday Properties is proudly featuring 1515 Wilson Blvd in…
Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve