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, and welcome to JUST LISTED!
Interest rates just ROCKETED upward by over .50% to their highest point since 2008 — currently sitting at an average of 5.78%. This increase is the largest single week jump, per Freddie Mac, since they started tracking this in 1987. It’s hard for me to stress just how significant this is going to be, and it really will impact our market going forward. House affordability is dropping like a rock, and this is going to rapidly decrease buyer sentiment in the marketplace. What’s more, interest rates will keep rising as the Fed works to fight their inflationary environment.
We’re now on an 11-week run for inventory increasing, and I don’t see that stopping anytime soon. With 411 properties to choose from throughout the county, inventory has increased over 58% in the past 16 weeks! Of the 411 currently available homes for sale, 132 are detached properties, 48 are town homes/semi-detached properties, and the remaining 231 are condominiums.
This past week, sellers listed 83 homes for sale, and decrease of 20 from the week prior, while buyers ratified 66 contracts, an increase of three. 19 of the ratified contracts were on homes just listed within the past seven days.
Average asking price of currently available homes is $926,201 and the median is $652,000. Currently available homes have been on the market for an average of 41 days and a median of 24 days.
This week last year, rates were sitting at 2.93%, sellers has listed 97 homes for sale and buyers ratified 94 contracts. There was a total of 533 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.
- 205 N. Trenton Street, Arlington, VA 22203 — $235,000
- 4500 28th Road S. #D, Arlington, VA 22206 — $425,000
- 4108 21st Road N., Arlington, VA 22207 — $850,000
- 1805 28th Street S., Arlington, VA 22202 — $925,000
- 2216 N. Lincoln Street, Arlington, VA 22207 — $1,169,900
- 3215 19th Road N., Arlington, VA 22201 — $1,295,000
- 5523 22nd Street N., Arlington, VA 22205 — $1,350,000
- 5908 35th Street N., Arlington, VA 22207 — $2,250,000
Fairfax County prosecutors are taking a step back from pursuing the embezzlement charges levied against former Arlington teachers union president, Ingrid Gant. That decision, however, does not mean the case…
Pamplona, the Spanish tapas restaurant and sangria bar in Clarendon, will close next month, according to a social media post. The restaurant, which opened in 2017 in the space formerly…
The hottest new pickleball club is the Arlington County Detention Facility. Two weeks ago, the jail inaugurated its new pickleball court — installed by Arlington’s Dept. of Parks and Recreation…
Burglary at Yorktown HS — “5200 block of Yorktown Boulevard. At approximately 7:29 p.m. on November 22, police were dispatched to the report of a burglary alarm. Upon arrival, it…
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 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
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.