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.
Welcome to JUST LISTED, Arlingtonians!
Mortgage rates continue to rise, averaging 5.66% over the past seven days. This is due to the continued aggressive monetary policies the Fed is taking as they contend with consistent, high inflation.
It’s anyone’s guess just how high rates will go, but expect that they have not peaked yet. The Fed keeps moving the goalposts, and banks, consumers and markets will continue to tumble and seek shelter until we receive more clarity. This unpredictability translates into a tumultuous fall for the housing market.
The inventory slide continues for the seventh straight week, indicating that despite interest rates, demand in Arlington remains strong overall. This resilience in Arlington is nothing new, it played out in 2008 and has for many decades, but the market is not irrational either. Most of the exuberance we witnessed over the past two years had to slow at some point, and the market does continue to slow now.
Open houses are slow, private agent showings are dwindling and sellers continue to make price adjustments to find the current market. Price growth trajectory is predicted to slow significantly for the next 6-9 months and possibly beyond.
This week in Arlington, sellers listed 46 homes for sale (10 more than last week), while buyers ratified 42 contracts, nine of which were on homes just listed in the last seven days.
Of the 358 homes currently available for sale (six less than last week), 120 are detached homes, 54 are semi-detached/town houses and 184 are condos.
Of those currently available properties, the average asking price is $919,219 and the median is $730,000. These properties have been sitting on the market for 61 days on average, while the median is 43.
This week last year, there were 483 properties available for sale, sellers listed 63 homes and buyers ratified 56 contracts. Mortgage rates were 2.87%!
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!
- 4118 36th Street S. #A2, Arlington, VA 22206 — $569,900
- 3543 S. Stafford Street #B, Arlington, VA 22206 — $575,000
- 3213 6th Street S., Arlington, VA 22204 — $817,000
- 1300 Crystal Drive #PH12S, Arlington, VA 22202 — $875,000
- 812 S. Wakefield Street, Arlington, VA 22204 — $975,000
- 731 26th Street S., Arlington, VA 22202 — $975,000
- 525 N. Ivy Street, Arlington, VA 22201 — $1,199,981
- 417 N. George Mason Drive, Arlington, VA 22203 — $1,259,900
Have you ever showed up to a date and realized you had been stood up? The Arlington County Board nearly did yesterday (Thursday) during a hearing on the proposed property…
Stop wasting hours of time getting your car maintained, repaired, or detailed. Discover the time-saving joy that is CarCare To Go and see why so many people are leaving reviews…
Batten down the hatches, it’s going to get pretty windy tomorrow. The National Weather Service has issued a High Wind Watch for Arlington, in effect Saturday from noon to midnight….
A controversial decision by Arlington Public Schools to change staff bathrooms so they do not lock from the outside has incited backlash from a number of teachers. APS is embarking…
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, April 5th 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!
Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
Private School Fair
Congressional School to Host MONA Private School Fair Thursday, April 27 at 6:30 PM
Congressional School in Falls Church, VA is delighted to host the MONA (Mothers of North Arlington) at an upcoming Private School Fair. Private schools from around
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and