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 this week’s edition of JUST LISTED!
Inventory in Arlington is falling, and it’s falling fast. With buyers outpacing sellers on number of homes ratified vs. number of new homes listed for sale, we’ve got the lowest inventory of currently available homes in the past three months.
Interest rates took a bit of a breather, falling just nine basis points to an average of 5.13% for a standard 30-year fixed rate mortgage.
This week in Arlington, sellers listed 42 homes for sale, while buyers ratified 53 contracts, 13 of which were on homes just listed in the last seven days.
Of the 390 homes currently available for sale (27 less than last week), 125 are detached homes, 53 are semi-detached/town houses, and 212 are condos.
Of those currently available properties, the average asking price is $887,433 and the median is $667,000. These properties have been sitting on the market for 58 days on average, while the median is 37.
This week last year, there were 506 properties available for sale, sellers listed 53 homes and buyers ratified 59 contracts. Mortgage rates were 2.86%!
PICK OF THE WEEK — 900 18th Street S., Arlington, VA 22202 — $1,375,000
Built in 2000, this Arlington Colonial boasts a surprising amount of living space across four finished levels, over 4,100sf! Center hall entryway leads to a large open concept main level with gorgeous flooring, large, eat-in kitchen with granite counters and an island seating area, formal living, office space, a large family room and a convenient powder room. Dual, large owner’s suites upstairs, as well as three additional bedrooms and two hall bathrooms, plus a flexible space for home school, workouts, games and more!
Lower level with separate entry could serve as an in-law suite and features a kitchenette. Two car garage, rear patio, loads of natural light throughout the whole home and plenty of updates including multiple brand-new bathrooms, this home is move-in ready!
Find myself, and my team here this weekend — Saturday and Sunday (August 20-21) public open houses from 1-4 p.m.
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!
- 2808-A 16th Road S., Arlington, VA 22204 — $379,900
- 1001 N. Randolph Street #1003, Arlington, VA 22201 — $399,900
- 3415 S. Wakefield Street #1209, Arlington, VA 22206 — $674,900
- 2810 N. Harrison Street, Arlington, VA 22207 — $900,000
- 3001 S. Hill Street, Arlington, VA 22202 — $925,000
- 862 N. Arlington Mill Drive, Arlington, VA 22205 — $950,000
- 3109 Military Road, Arlington, VA 22207 — $1,293,250
- 900 18th Street Street, Arlington, VA 22202 — $1,375,000
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