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 Arlingtonians, welcome to Just Listed and as always, thanks for reading!
Inventory has continued to rise, we’re now on a nine-week run, up about 33% in that timeframe!
Mortgage rates technically declined, sitting at 5.09% for a 30-year fixed rate mortgage. Three weeks in a row of declines continues to bring a bit of reprieve for buyers, but these rates have simultaneously pushed many out of the market. I spoke with a couple lenders yesterday who told me they are able to quote well qualified purchasers just under the 5% mark as of the past few days.
Arlington is up to 374 pieces of currently available inventory throughout the county; this includes all property types that are fully available for sale, up from 360 last week. 121 of those are detached homes, 42 are semi-detached/town homes, and the remaining 211 are condominiums.
This past week, sellers listed 74 homes for sale while buyers ratified 52 contracts, 16 of which were on homes just listed within the past seven days.
Average asking price of currently available homes is $922,578 and the median is $650,999. Currently available homes have been on the market for an average of 43 days and a median of 22 days.
PICK OF THE WEEK — 836 31st Street S., Arlington, VA 22202 — $875,000
Welcome home to this private three-bedroom, two-bathroom home situated on a private 6,011sf lot! You’ll love the quartz countertops in the kitchen, recently renovated bathrooms, and an easy, open floor plan. Driveway parking for up to four cars, a private backyard with two large decks and plenty of room for growing veggies! Freshly refinished hardwood floors on the main level, lower level has brand new carpeting, freshly painted throughout and entirely move-in ready.
Find me here this Saturday from 1-4 p.m. for a public open house.
This week last year, rates were sitting at 2.99%, sellers has listed 110 homes for sale and buyers ratified 66 contracts. There was a total of 543 properties for sale!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out.
- 1205 N. Garfield Street #501, Arlington, VA 22201 — $510,000
- 4843 28th Street S. #B, Arlington, VA 22206 — $528,900
- 4113 33rd Street S., Arlington, VA 22206 — $599,900
- 836 31st Street S., Arlington, VA 22202 — $875,000
- 6117 22nd Street S., Arlington, VA 22205 — $1,295,000
- 1308 21st Street S., Arlington, VA 22202 — $1,395,000
- 4019 N. Chesterbrook Road, Arlington, VA 22207 — $1,450,000
- 3163 17th Street N., Arlington, VA 22201 — $1,890,000
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Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, June 7th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
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Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,
