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.
Hey there, Arlingtonians, and welcome to Just Listed! Don’t you just love the spring!? Sellers love the spring, especially in Arlington! It all seems to come together at the same time — sellers still have a “mostly outdated” mentality that the grass should be green, the azaleas in bloom and the snow melted, before they can sell their home. While that approach certainly works, those who are ahead of the curve have less other sellers and properties to compete with.
Needless to say, us real estate agents are super busy this time of year — us and the accountants. These are long days, made longer by the fact that the sun stays up later into the evening, allowing for more showings of properties across the DMV.
You may have seen the news, on Wednesday, the Fed raised interest rates .25%. No, this is not the mortgage rate, but everything is interconnected. As a result, interest rates just spiked after a couple weeks of stagnation, and my lender said he is now seeing rates that start with a 5! Per Freddie Mac’s most recent data this morning, the national average is 4.16%, but most of that data is from before the Wednesday announcement. Rates today are up, and this is going to continue to squeeze the pockets of buyers across the nation.
Inventory remains super, super tight — we have two more properties available in the county than we did last week, totaling 248. Sellers listed 111 homes for sale, 12 more than last week! Buyers worked their hardest to keep pace with sellers and ratified 82 contracts! 49 of those were homes listed just within the past seven days.
Of the 248 homes currently available for sale, 50 are detached homes, 30 are semi-detached/townhomes, and the remaining 168 are condominiums. These properties range in price from $100,000 all the way up to $3,750,000.
Average list price for currently available homes is $771,414, and the median price is $522,500. These homes have been on the market for an average of 62 DOM (days on market) and a median of 22. This week last year, there were 417 homes available for sale throughout the county. Sellers had listed 120 homes for sale and buyers ratified 91 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.
- 2907 S. Dinwiddie Street, Arlington, VA 22206 — $550,000
- 1411 Key Boulevard #501, Arlington, VA 22209 — $850,000
- 813 S. Adams Street, Arlington, VA 22204 — $895,000
- 6514 22nd Street S., Arlington, VA 22205 — $925,000
- 6122 11th Road N., Arlington, VA 22205 — $1,065,000
- 4437 16th Street N., Arlington, VA 22207 — $1,299,000
- 1111 19th Street N. #2703, Arlington, VA 22209 — $1,375,000
- 2621 12th Street S., Arlington, VA 22204 — $1,694,950
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