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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!

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Stop wasting hours of time getting your car maintained or repaired! Discover the joy that is CarCare To Go and see why so many people are leaving reviews like the one below.

CarCare To Go brings modern convenience and simplicity to car repair. They combine the quality and trust of a full-service shop with a uniquely transparent process, plus free valet pick-up and delivery from your home or work.

I used CarCare To Go twice recently, and both experiences were extremely positive. In the first case, I had been told by a quick lube center that they could not change the oil in my wife’s Toyota because the oil filter housing was cracked and had to be replaced. CarCare To Go inspected the housing, determined it was not cracked and changed the oil. In the second case, I asked CarCare To Go to examine my 18-year-old car because I had been told by another mechanic that it needed expensive repairs. CarCare To Go told me that the costly repairs were not necessary and gave me some tips to keep the car running smoothly. The valet service is extremely convenient, and everyone I’ve dealt with there has been friendly and professional. I will definitely use CarCare To Go again. — Rob B.

CarCare To Go is so confident that you’ll love their new service and come back for more, that they’re offering first-time clients an oil change for just $20.22. No catch. Synthetic or blend for any make or model car. Just enter coupon code FIRST20 when you book. And the valet and a light hand clean are completely free. Plus, there’s still time to take advantage of their summer special that combines a quick detail, oil change and other important maintenance at a big discount.

You’ll wonder why you ever took care of your car any other way.

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This sponsored column is by Law Office of James Montana PLLC. All questions about it should be directed to James Montana, Esq., Doran Shemin, Esq., and Laura Lorenzo, Esq., practicing attorneys at The Law Office of James Montana PLLC, an immigration-focused law firm located in Arlington, Virginia. The legal information given here is general in nature. If you want legal advice, contact us for an appointment.

Back in 1952, Congress determined how the total number of immigrant visas (green cards) would be allocated into different categories, both in family and employment-based cases.

Those visas were further allocated based on the applicant’s country of birth. This is where the “wait in line” part of immigration comes in.

For example, Indian nationals who are applying for a green card under employment-based category two, which is for professionals with an advanced degree or individuals of exceptional ability, are waiting approximately ten years to actually be able to apply for the green card because a visa is not available. Currently, only Indian nationals in this category who had a petition filed on their behalf on or before February 15, 2012, are eligible to receive a green card.

Congress also dictated that if any family-based visas went unused, those visas could be pushed over to employment-based categories. This was done to ensure that all available visas are used during each fiscal year.

Just like everything else, COVID-19 had a major impact on U.S. embassies and consulates, resulting in very few visa interviews and approvals. Additionally, USCIS did not use 66,781 visas by the end of fiscal year 2021; thus, number of employment-based visas for fiscal year 2022 has been bumped up to approximately 280,000.

Now, the two agencies are rushing to issue as many visas as possible before the end of the fiscal year, which ends on September 30. As of June 30, the two agencies had only issued 176,281 visas, leaving approximately 103,719 visas unaccounted for.

USCIS cites a number of reasons why more visas have not been used thus far, even with the fiscal year end quickly approaching. First, USCIS has had issues with its capacity to adjudicate cases generally, partially due to the pandemic along with resource constraints during the prior administration.

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This column is sponsored by Arlington Arts/Arlington Cultural Affairs, a division of Arlington Economic Development.

Calling all artists! October is National Arts & Humanities Month, and we are excited to partner with Americans for the Arts for the #NAHM 2022 Poster Competition!

The top three posters will receive cash prizes, and the winner will have their art featured as part of National Arts & Humanities content all October long! The theme is “Championing the Creative Spirit”.

All entries will be displayed on Americans for the Arts’ website and will be evaluated by a panel of judges (see poster guidelines and judging criteria at the link below). The top posters will be selected as semi-finalists and anyone who visits the Americans for the Arts’ website between September 15-30 can vote for their favorite design. The artists who create the designs with the three highest vote totals will receive cash prizes, and the design with the most votes will be featured throughout National Arts & Humanities Month!

October is National Arts & Humanities Month (NAHM). A collective recognition of the importance of culture in America. NAHM was launched by Americans for the Arts more than 30 years ago as National Arts Week in honor of the twentieth anniversary of the National Endowment for the Arts and National Endowment for the Humanities. In 1993, it was reestablished by Americans for the Arts and national arts partners as a month-long celebration, with goals of:

  • Focusing on equitable access to the arts at local, state and national levels
  • Encouraging individuals, organizations and diverse communities to participate in the arts
  • Allowing governments and businesses to show their support of the arts
  • Raising public awareness about the positive impact of the arts and humanities in our communities and lives

Americans for the Arts mission is to build recognition and support for the extraordinary and dynamic value of the arts and to lead, serve, and advance the diverse networks of organizations and individuals who cultivate the arts in America. Connecting the best ideas and leaders from the arts, communities, and business, together we can work to ensure that every American has access to the transformative power of the arts.

Entries must be submitted by Tuesday, September 6 at 5 p.m. ET. Semi-finalists will be announced September 15 and winners will be announced October 3. Entries must be submitted via www.AmericansForTheArts.org/NAHMposter.

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Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes. 

As of August 15, there are 149 detached homes, 52 townhouses and 233 condos for sale throughout Arlington County. In total, 37 homes experienced a price reduction in the past week, including:

2539 Washington Boulevard

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

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This regularly scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Video summaries of some articles can be found on YouTube on the Ask Eli, Live With Jean playlist. Enjoy!

Question: Are you seeing different patterns in the housing market slowdown in different parts of the region?

Answer: In September 2020, I wrote an article highlighting how extreme the differences were between the demand shift in Arlington compared to outer suburbs like Fairfax and Loudoun County.

In short, Arlington was competitive before the COVID surge and the outer suburbs lagged far behind it, but once the COVID surge began, Arlington became moderately more competitive while the outer suburbs experienced an extreme shift in market conditions, becoming more competitive than Arlington in just a few months.

Fast-forward two years and we are seeing something of a rubberband-effect as the entire housing market slows down, with noticeable shifts in all markets, but more extreme shifts in the outer suburbs. Not that we are witnessing anything close to a crash, the market is still good for sellers, but very different than what we’ve seen the last two years.

Note: this analysis focused on the single-family/detached housing market, not condos or townhouses.

Outer Suburbs Slowing Faster, Arlington King of Stability

Months of Supply (MoS), a measure of supply and demand that calculates how long existing inventory levels will last based on the current pace of demand (lower levels favor sellers), tells the story better than any other metric.

In the charts below, you can see our regional story of the pre-COVID, COVID and current real estate market play out:

  • Competition in the outer suburbs generally trailed the D.C. and Arlington markets, offering buyers more time and leverage in their purchase decisions.
  • After Amazon announced HQ2 in November 2018, MoS in Arlington dropped sharply as demand picked up and supply dropped, with a more modest, lagging effect on the surrounding markets.
  • The COVID market from roughly summer 2020-spring 2022 sent MoS lower (favorable to sellers) in all markets, but the drop in MoS in outer suburbs was more extreme, pushing those markets well below Arlington and D.C., making them extraordinarily competitive.
  • As of July 2022, MoS in the outer suburbs was still lower than Arlington and D.C., but rapidly increasing. The year-over-year increase in MoS in Loudoun County was 94.4%, nearly double what it was in July 2021. The increases in MoS were 67.4% (DC), 41.6% (Fairfax Co), and 27.8% (Arlington).
  • You can see the steadiness and strength of the Arlington housing market play out over the past five years in these two charts.

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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.

Hey there Arlingtonians, and welcome to this week’s edition of JUST LISTED!

Activity continues to remain slow this second week of August, and mortgage interest rates significantly jumping week over week is not the news sellers are looking for!

It also appears that things may remain a bit slow for at least the next few days — there are only 20 coming soon listings throughout the county at the moment. We had as many as 50 earlier in the spring, so expect volume to be low for the foreseeable future.

Last week, rates dipped below 5% for the first time since April, but since then they have shot up to an average of 5.22%, a big move for a single week.

This week in Arlington, sellers listed 45 homes for sale, six less than last week, while buyers ratified 49 contracts, 10 of which were on homes just listed in the last seven days.

Of the 417 homes currently available for sale (eight less than last week), 135 are detached homes, 60 are semi-detached/town houses, and 222 are condos.

Of those currently available properties, the average asking price is $883,176, and the median is $665,000. These properties have been sitting on the market for 54 days on average, while the median is 35.

This week last year, there were 513 properties available for sale, sellers listed 68 homes and buyers ratified 55 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!

2015 N. Lexington Street
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Address: 80 Holly Hill Court (Berkeley Springs, WV)
Neighborhood: Sleepy Creek Farms
Distance from Arlington: 107 miles (~1 hour, 45 minute drive)
Listed: $499,000

New Construction. Adena Design values the importance of being connected to nature and the ability to provide that experience to our customers. Our latest model offers the sophistication of modern styling combined with maintenance free materials and functionality.

The home is crafted with Pella casement windows and doors, Allura cement board siding, Timbertech composite decking and Superior Walls. An open main level floor plan with a full wall of operable glass opens onto a deck with a pond view. Stainless steel appliances and quartz countertops compliment the refined design of the kitchen cabinets.

The master bedroom is located on the main level and features a walk-in closet and private cantilevered balcony. There are solid acacia wood floors throughout the main level. Both bathrooms present ceramic tile shower surrounds with glass entry doors and Moen plumbing fixtures. Ten foot tall floor to ceiling windows flanking a large metal clad gas fireplace combine to form an artistic focal point in the main living space. The lower level consists of a bedroom, full bathroom and oversized one car garage.

The 2.5 acre lot is situated adjacent to a large community pond on which you may fish, swim or picnic in a serene wooded landscape.

Minutes to Cacapon State Park and downtown Berkeley Springs, West Virginia. Great Airbnb investment opportunity! Additional properties offered by Adena Design are also available.

Listed by:
Megan Rippon | REALTOR
Long & Foster
(C) 717-209-0477
(O) 540-662-3484
[email protected]
480 W Jubal Early Drive STE #100
Winchester, VA 22601
Margie BARTLES, Broker

This biweekly feature is sponsored by Allied Title & Escrow.

This week we are featuring Brian Athey, a partner at Allied Title, who is also the founder and president of Congressional Capital, one of Washington, D.C.’s premiere private lenders.

Brian has played an important role in Allied’s success, and we sat down with him to discuss his top tips for aspiring entrepreneurs and real estate developers.

 1. Build a Great Team — One of the most important aspects of being successful as a real estate developer is building a great team. It’s critical to engage the right team for each project. Take the time to talk to people experienced in the industry who can help guide you on which architect or engineer to choose, the best builder or designer for the project, and which real estate agent is best suited to sell the project.

 2. Focus on the Client/End-User — There is a simple concept in business that isn’t talked about enough, which is that every business should be a client focused business. In lending, the question is always, “What loan product or service can I provide that my borrowers need and how can I best help them be successful?” Real estate developers should focus on what buyers or renters truly want in their future home. Know who you are serving in your business.

 3. Align Yourself with Good People — No matter what business you are in, it’s critical that you surround yourself with great people who have good intentions. Find a great mentor, someone whose advice can help be a guidepost for you in business and in life. If you can’t find a great mentor and need advice, read a LOT. Learn from business leaders who have done what you want to do. Hire good people who enjoy what they do and whose priorities align with your priorities. Life and business are the same, both are all about people!

Congressional Capital provides loans to real estate developers throughout the greater Washington, D.C. area. With 15+ years in the real estate development industry, Brian takes pride in helping his borrowers become successful developers and entrepreneurs and being a valuable resource when speed and flexibility matter the most.

Click here to learn more about Brian Athey and Congressional Capital.

Have questions related to title insurance? Email [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company! 

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Address: 4803 Washington Boulevard
Neighborhood: Waycroft-Woodlawn
Listed: $1,695,000
Open: Friday, August 12 from 5-7 p.m.

Must see fully transformed and expanded Arlington Tudor by MM Design Co in the sought after Waycroft-Woodlawn neighborhood.

Walk to Ballston Metro as well as new restaurants and nightlife in Ballston Quarter. Four spacious bedrooms, 4.5 bathrooms with a bonus office, gym or 5th guestroom. Expanded 4th level bedrooms have high ceilings and great natural light. Feels like new construction inside and out. The home was taken down to the studs and completely redone.

New gourmet open concept kitchen. New stunning primary suite with walk-in closet and gorgeous primary bath design. The powder room with floating concrete tub and sink are on the main level with 3 full bathrooms on the bedroom levels. An additional 4th full bathroom with a large walk in shower are on the lower level where the rec room and a bonus 5th guestroom, gym or office are located.

New laundry on a bedroom level. New wide plank white oaks floors. New 2-zone HVAC. New plumbing and sewer line. New architectural shingle roof. New Marvin Essential black windows. New expanded double wide concrete driveway plus a 1 car garage with new concrete pad. New wraparound deck. New fenced-in usable backyard space. New sod and landscaping!

*Design/Build by MM Design Co (@mm.design.co)*

Listed by:
Matt Brownell
Three Stones Residential at KW Metro Center
703-598-2694
[email protected]
www.tsrhomes.com

Get ready for the exciting ¡Viva Cultura! Festival, which kicks off Saturday, August 13, at 10 a.m. for a weekend packed with fun and excitement at Gateway Park!

The event invites everyone from Arlington and neighboring communities to come and add to a very special and memorable cultural experience. Celebrate Latino music, food, family entertainment and an artisans’ market.

Best of all, ¡Viva Cultura! Festival is FREE, Family-Friendly and an Enjoyable Outdoor Event.

Be sure to visit the artisans’ market, open until 5 p.m. and prepare for a journey to faraway places. See and touch intricate brilliant weaves, fine handcrafted silver, and stylish one-of-a-kind fashions from Colombia, Peru, Mexico, Bolivia and El Salvador that showcase the richness of each culture.

Festival raffles are taking place throughout the day. Registration is not required, but we strongly encourage you to register to participate to save your special chance to win!

¡Viva Cultura! Festival is made possible with support from our sponsors — Wells Fargo, Embrace Home Loans, Wider Path Home Foundation and Homespire Mortgage. Together, we have created an event tailored for families to embrace the beauty of the Latino culture.

¡Viva Cultura! Festival is presented by CAF, Center for Assistance to Families, a 501(c)3 nonprofit organization whose mission is to transform communities through economic and educational empowerment in collaboration with community and faith-based organizations.

To get to Gateway Park by Metro, take the Orange line to Rosslyn station or walk across the Key Bridge. For details, visit www.viva-cultura.com to learn more!

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