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.
Good morning, Arlington, and all the Just Listed readers out there!
Wow what a crazy week it’s been! Looking back to 2020, we saw many properties sell for $100,000 over asking price. Now, in 2022, we’re seeing properties sell $200,000 over ask, and in a handful of instances now, $300,000+ over asking price. Trust me, it’s astonishing us real estate agents just as much as it is the buyers, sellers, neighbors and writers at local news organizations alike!
Mortgage rates fall for a second week in a row, dropping to 3.89% on a 30-year fixed rate mortgage. This will be welcome news from buyers facing intense upward pressure on house prices in our local market (and throughout the country)!
Listing inventory continues to build, up ten from last week for a total of 240 properties to choose from. Sellers really stepped it up this week, listing 104 properties for sale in the past seven days!
Buyers were hard at work navigating pre-inspections, waiving appraisal contingencies and pulling out all the stops! They took 67 properties under contract this past week, an impressive 44 of those were homes that spent just seven days or less on the market.
Of the 240 homes currently available for sale, 46 are detached homes, 26 are semi-detached/townhomes and the remaining 168 are condominiums. These properties range in price from $105,000 all the way up to $3,750,000.
Average list price for currently available homes is $771,857, and the median price is $522,250. These homes have been on the market for an average of 63 DOM (days on market) and a median of 23.
Both the median and average days are in free-fall as the market continues to tighten. Buyers are starting to absorb holdover inventory that went through price reductions, multiple open houses, etc. The stuff hitting the market each week is just too hot to handle for many. Median days dropped by 10 week over week, or about 30%!
This week last year, there were 378 homes available for sale throughout the county. Sellers had listed 98 homes for sale and buyers ratified 66 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 eight new listings that I think you might like to check out.
- 1111 Arlington Boulevard #624, Arlington, VA 22209 — $149,000
- 1029 N. Stuart Street #101, Arlington, VA 22201 — $519,900
- 3914 12th Street S., Arlington, VA 22204 — 840,000
- 2312 N. Vernon Street, Arlington, VA 22207 — $899,900
- 1104 S. Edgewood Street, Arlington, VA 22204 — $995,000
- 720 N. Tazewell Street, Arlington, VA 22203 — $1,150,000
- 1312 S. Kenmore Circle, Arlington, VA 22204 — $1,249,999
- 6017 26th Street N., Arlington, VA 22207 — $1,899,900
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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!
The Optimist Club of Arlington is holding its 77th annual Christmas tree sale!
This year, the tree sale will be held at the Knights of Columbus (5115 Little Falls Road). The lot opens for sales on November 24th. The Optimist Club is selling small and large trees ranging from tabletop size to 10 foot tall trees! Wreaths, garland, tree stands, and White House Christmas ornaments will also be for sale.
100% of all proceeds go towards helping Arlington County youth.
For more information, please visit the Arlington Optimists website at https://optimistclubofarlingtonva.org/.
Holiday Art Show
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
Christmas Tree Sales
2023 Christmas Tree Sales Begin
Saturday, December 2
Get your holiday decorating off to the right start this year! We will be selling 150 Fraser firs, freshly cut and delivered from Sparta, North Carolina.
Sale Hours:
