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!
For two weeks in a row now, mortgage rates have remained under 3%. This is welcome news to buyers who were starting to feel the squeeze over the past couple of months as rates ticked up. With rapidly rising prices in available properties for sale, interest rates dropping helps keep them within reach. My quick survey of a few of the local lenders I work with indicates they believe rates will continue a modest downward trend into the summer months.
Pick of the Week: The Andors Real Estate Group is proud to have just listed 501 S. Highland Street, Arlington, VA 22204 — $829,900.
This stunningly updated Arlington bungalow is now one-of-a-kind! An amazing kitchen renovation last year by local contractor C. Hughes Contracting perfectly meshes a modern European kitchen with Arlington charm. Inviting front porch, an open floor plan on the main level, spacious bedrooms and a picture-perfect backyard make this home one you won’t want to miss. A lower level with a second kitchen can serve as an income-generating portion of the home or allow for a multi-functional space for whatever your needs may be. There are three bedrooms, two full bathrooms and about 1,800 square feet of finished living space. Find me here this Saturday and Sunday, 1-4 p.m. for an in-person open house.
Sellers listed 106 homes for sale this past week, 40 fewer than the week before! Buyers worked hard to keep pace and ratified 87 contracts, a decline of 28 from the week before. 46 of the homes that went under contract were on the market for seven days or less.
This week, there are 453 available properties for sale throughout all of Arlington and across all property types — 116 are detached homes. There are 42 townhome/semi-detached homes currently for sale, and condominiums make up 295 of the available units in Arlington.
A quick comparison to last year: For the same week, sellers listed 54 homes and buyers ratified 47 contracts. There were also only 242 available properties for sale this week last year.
The average list price for currently available properties is $809,861 and the median is $569,900. Currently available properties in Arlington have an average of 62 days on market (DOM) and a median of just 35.
Click here to search currently available Arlington real estate. If you see a home you’re interested in purchasing, give us a call.
Call the Andors Real Estate Group today at 703-203-1117 to talk more about buying or selling Arlington real estate. Below are eight new listings I think you might like to check out:
- 1913 N. Rhodes Street #18, Arlington, VA 22201 — $309,900
- 2121 S. Pollard Street, Arlington, VA 22204 — $599,900
- 3613 S. Wakefield Street, Arlington, VA 22206 — $679,900
- 501 S. Highland Street, Arlington, VA 22204 — $829,900
- 1863 N. Adams Street, Arlington, VA 22201 — $885,000
- 17 N. Oakland Street, Arlington, VA 22203 — $975,000
- 1800 Wilson Blvd #128, Arlington, VA 22201 — $1,099,000
- 3024 4th Street N., Arlington, VA 22201 — $1,935,000