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Just Listed in Arlington

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 and welcome to JUST LISTED, Arlingtonians!

WOAH — mortgage rates just hit their highest average since 2008 — 5.89% average for the standard, 30-year fixed rate mortgage. This continued upward trend reflects the nervous sentiment about the overall trajectory of the economy, the persistent and elevated rate of inflation and simple uncertainty that comes from this.

The flood of inventory I predicted would hit our marketplace just after Labor Day is here, and available properties just jumped significantly, after a six-week run of decreasing inventory.

Additionally, as of now, there are 24 properties in “Coming Soon” status, many of which will begin hitting the market over the next few days and within 21 days at most. This number varies greatly depending on the day of the week, due to the weekly cycle most agents follow of listing properties in “active” status on Thursday and Friday.

What are we seeing in the market right now? Well, we’re seeing some things we hadn’t for a long time. Lowball offers, houses sitting that everyone thought would sell, an abundance of price reductions to find the marketplace, and overall lower activity on all fronts. The reality of our market, and how fast it has shifted is lost on some, especially on sellers. The days of intense bidding wars, large price escalations and over-exuberance are largely behind us, and that may be the new norm, for a while.

This week in Arlington, sellers listed 68 homes for sale (22 more than last week), while buyers ratified 43 contracts, 12 of which were on homes just listed in the last seven days. Of the 392 homes currently available for sale (34 more than last week), 131 are detached homes, 62 are semi-detached/town houses and 199 are condos.

Of those currently available properties, the average asking price is $902,205 and the median is $715,000. These properties have been sitting on the market for 55 days on average, while the median is 37.

This week last year, there were 532 properties available for sale, sellers listed 93 homes and buyers ratified 41 contracts. Mortgage rates were 2.88%!

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.

6124 11th Street N.

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Art House 7‘s spring session will begin on April 10th! We’re offering classes, workshops, and open studios in a wide range of art mediums for all ages, from 4 year olds to adults. We cater to different skill levels in ceramics, embroidery, drawing, and of course, painting – including watercolor, oil, and acrylics. Our Spring 2023 offerings include a Portfolio Development class for high schoolers who are considering a career in the fine arts. This class provides an opportunity to create and develop a strong portfolio for college applications.

We also have some excellent classes for younger students. The “Art and the Pre-K Reader” class is designed for 4-5 year olds, and we offer “Arts and Crafts” classes taught by teens for 2nd-4th and 3rd-5th grade students.

To view our complete class schedule, Spring workshops, open studios, and 3-week classes, please visit our website. Join us this spring to learn, create, and explore with us!

Submit your own Announcement here.

The March NAACP Arlington Branch General Membership Meeting

The March NAACP Arlington Branch General Membership Meeting is focused on Public Safety & Justice. We will hear from Commonwealth’s Attorney Parisa Dehghani-Tafti, Chief Public Defender Brad Haywood, Chief of Police Andy Penn, and Deputy Chief Wayne Vincent. We encourage you to come to this community conversation prepared with questions for our speakers. Registration Required

Guest Speakers

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Submit your own Announcement here.

Singin’ in the Rain

The “Greatest Movie Musical of All Time” is faithfully and lovingly adapted for the stage by Broadway legends, Betty Comden and Adolph Green, from their original award-winning screenplay. Each unforgettable scene, song and dance is accounted for, including the show-stopping

5 Tips for Buying Your Dream Home – A Free…

Are you planning to move in the next 12 months but feeling overwhelmed by the current real estate market’s low inventory and high mortgage rates? Join us for a short seminar where we’ll provide 5 tips to help you find


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