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!
The numbers this week seem to tell a bit of a different story than the two weeks prior. I’ve been discussing a slowdown in this column, but perhaps we’re rebounding just a bit. With that said, when we average it out, we are still slowed down, and a trend often takes a couple of weeks to emerge. Things feel slower, even with more activity this week than the past couple of weeks.
Sellers continue to outpace buyers, and inventory is steadily increasing. This inches us closer to an “equilibrium,” and at this pace, we would never get there. Reminder: A general consensus amongst economists is that a housing market in equilibrium requires about six months of inventory. We’re hovering at about 1.25 to 1.5 months…
Finding things to attribute this lull to has proven difficult. Frankly, there is nothing that has changed that normally impacts our local market. I’ll keep an eye on it for you all and continue to report my findings and my perspective.
I’ve also been considering bringing on a guest or two to give their opinion and am here asking for your help! Do you know an agent, lender or settlement attorney who you’d like to hear from, either about the market pace or another relevant topic? Let me know down below in the comments section, and I’ll see what I can do!
Sellers listed 125 homes for sale this past week, 15 more than the week before. Buyers ratified 107 contracts, 41 more than last week, 44 of which were on homes just listed in the past seven days.
This week, there are 544 available properties for sale throughout all of Arlington and across all property types: 129 are detached homes, 58 are townhome/semi-detached homes and 357 of the available units in Arlington are condos.
For a bit of perspective, this same week last year, sellers listed 81 homes and buyers ratified 58 contracts. There were also only 278 available properties for sale this week last year.
The average list price for currently available properties is $759,965, and the median is $560,000. Currently available properties in Arlington have an average of 57 days on market (DOM) and a median of just 29.
Pick of the Week: The Andors Real Estate Group is proud to have JUST LISTED 2712 S. Grove Street, Arlington, VA 22202 — $1,200,000.
This is a beautiful, midcentury, five-level home perched high on a ridge with winter skyline views from the upper floor and backyard located in Aurora Hills. Nestled in the curve of quiet Grove Street with a driveway, one-car garage and plenty of curb appeal. Find four spacious bedrooms, two full and one half bathrooms, and a gorgeous eat-in kitchen with a wall of sliding glass doors to the rear slate patio. The oversized, terraced 8,563-square-foot lot provides tons of opportunity to enjoy the outdoors.
Find my team here this weekend, Saturday and Sunday, 1-4 p.m.
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:
- 851 N. Glebe Road #310, Arlington, VA 22203 — $385,000
- 4500 S. Four Mile Run Drive #515, Arlington, VA 22204 — 389,500
- 2330 14th Street N. #306, Arlington, VA 22201 — $475,000
- 4819 8th Road S., Arlington, VA 22204 — $799,000
- 5821 15th Road N., Arlington, VA 22205 — $830,000
- 859 N. Abingdon Street, Arlington, VA 22203 — $849,000
- 2712 S. Grove Street, Arlington, VA 22202 — $1,200,000
- 3529 N. Utah Street, Arlington, VA 22207 — $1,495,000