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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! Welcome to Just Listed!

SURPRISE — rates rose again, and now average 5.3% during the past week. Expect this to continue — buyers, it’s time to lock in your payment for your new home before rates keep rising…

The market is cooling nationally, and despite the resilience we all appreciate in the Arlington marketplace, it is happening here too. I’m starting to see price reductions and days on market creeping upward. This historic inventory shortage will slowly but surely head in the direction of a more balanced marketplace, but I’d be guessing if I told you I thought it would balance out. That’s highly unlikely, for now. What will happen is buyers will get the ability to retain home inspection and financing/appraisal contingencies in their offers — a much needed reprieve in itself.

New listings took a breather this past week; sellers listed just 99 over the past seven days, a reduction of 23 from the week prior. Buyers ratified 82 contracts, a reduction of eight from the previous week. Of the 82 ratified contracts, 45 of those were on homes that spent seven days or less on the market!

Right now, in Arlington, there are 301 properties fully available for sale, three less than last week. Of those 301, 80 are detached properties, 33 are town homes/semi-detached properties, and 188 are condominiums.

The average sales price for currently available homes in Arlington is $846,450 and the median is $600,000. Days on market has ticked up just a bit, with the average sitting at 48 days and the median at 29 days. Median days on market is now up a by seven days, or 33%, in just the past three weeks — make no mistake this represents the start of a significant slowdown in overall activity!

This week last year, sellers had listed 116 homes for sale and purchasers ratified 73 contracts. There were 477 homes for sale. Interest rates averaged just 2.94% — wow!

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.

810 N. Daniel Street
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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, as always, I appreciate you tuning into Just Listed to start your Friday morning well informed on all things Arlington real estate!

Interest rates rose again (and this data largely does not reflect what has happened since Wednesday when the fed raised their benchmark rate 50 basis points). According to Freddie Mac, interest rates averaged 5.27%, the highest since 2009. Freddie predicts that house prices continue to rise this year, but at a much slower pace, and I concur. Despite strong demand both nationally and locally, enough of the marketplace will be priced out through higher monthly payments (because of rates) and that will slow growth — in fact, it already has!

I just read that Boeing is moving their headquarters from Chicago to Arlington! This is just the latest story in the continued growth and trajectory for Arlington as a whole, and you can chalk that up to another reason we’ll be resilient should an economic downturn materialize, both in the short term and the long term.

Real estate continues to feel turbulent in Arlington, but on paper it continues to crank! While showings, open house visitors and offers are still down from earlier in the year, ratified contracts are working feverishly to compete with an influx of new inventory, showing Arlington buyers aren’t too concerned with 5+% interest rates.

Over the past seven days in Arlington, sellers have listed some 122 homes for sale while buyers ratified 90 contracts! Of the 90 ratified contracts, 55 of those were on homes that spend seven days or less on the market! Last week sellers listed 128 homes and buyers ratified 99 contracts.

Right now, in Arlington, there are 304 properties fully available for sale. Of those 304, 91 are detached properties, 28 are town homes/semi-detached properties, and 185 are condominiums.

The average sales price for currently available homes in Arlington is $864,024 and the median is $625,000. Days on market has ticked up just a bit, with the average sitting at 45 days and the median at 25 days. This is exactly what I predicted would start to happen, and while 3 days more on market (median) doesn’t seem significant, it represents about a 13.5% increase in just one week!

This week last year, sellers had listed 99 homes for sale and purchasers ratified 82 contracts. There were 452 homes for sale, meaning we have 48.7% less inventory to choose from this year. Interest rates averaged just 2.96% — wow!

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 new listings that I think you might like to check out — let me know what you think!

5011 14th Street N.
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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 Arlington!

Good news — mortgage rates STAYED THE SAME! So, they’re settling in over 5%, for now…  At least we stopped going up, for now!

This will be a quick column as I am finding myself stretched for time this week…

The market seems to have hummed along very well this week — most metrics I track are up and that’s a relief. As with anything, it could just be a blip or maybe we blame it on the weather. Either way, it’s a market, and clearly it’s highly dynamic and always subject to change. Here’s the data for the week — take a look and let me know what you think!

At this moment in time, there are 303 properties available for sale in Arlington, eight more than last week. Sellers listed 128 homes for sale, 46 more than last week! Ratified contracts are up 40 from last week with 99 contracts in the past seven days. A whopping 59 of those were homes listed just within the past seven days.

Of the 303 homes currently available for sale, 87 are detached homes, 32 are semi-detached/townhomes, and the remaining 184 are condominiums. These properties range in price from $100,000 all the way up to $7,950,000.

Average list price for currently available homes is $867,185, and the median price is $625,000. These homes have been on the market for an average of 46 DOM (days on market) and a median of 22. This week last year, there were 434 homes available for sale throughout the county. Sellers had listed 132 homes for sale and buyers ratified 109 contracts.

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

5315 26th Street N.
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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 Just Listed!

Mortgage rates climb yet again, the seventh week in a row. Rates averaged 5.11% over this past week as the 10-year treasury rapidly approaches 3%. The Fed just signaled they will raise their target rate by 50 basis points in May and that may not be the only one. Unfortunately, they are tamping down on housing demand but not on inflation through these moves.

I am witnessing a slowdown in Arlington real estate. I tell it like it is — what I see, what I feel and what I think. I’ve been debating my colleagues on this for the past few weeks, and I am adamant that is what is happening, at least in the short term.

Not all local markets will experience this, or not at the same time, or perhaps more or less severely, but often what happens is that things originate in D.C. and the hyper-local Northern Virginia region and extend outward in waves or ripples. We are insulated here in Arlington, but you only need to go out 10, 15 or 20 miles before those ripples accelerate and increase in size.

What does this mean? Well first, it means that houses that might have gotten 10 offers just a couple months ago may only get 2-4 offers. Doesn’t sound so bad you say? Well, sure, but houses that might have only gotten one offer may not get any, and mindsets are the hardest to break. Sellers will be expecting their home to sell for $100,000 over ask, and could be in for serious disappointment when instead they only get 99%-100% of what they were asking for.

Will prices go down!?! No, not any time soon, but they may stop going up and that may have already happened. The data lags on this by at least 30 days, but we may start seeing the year over year numbers start to level out…

At this moment in time, there are 295 properties available for sale in Arlington, 18 more than last week. Sellers listed 82 homes for sale, three less than last week. Ratified contracts are down 13 from last week, with just 59 contracts in the past seven days. Only 20 of those were homes listed just within the past seven days.

Of the 295 homes currently available for sale, 84 are detached homes, 28 are semi-detached/townhomes, and the remaining 183 are condominiums. These properties range in price from $100,000 all the way up to $7,950,000.

Average list price for currently available homes is $855,551, and the median price is $600,000. These homes have been on the market for an average of 43 DOM (days on market) and a median of 22.

This week last year, there were 438 homes available for sale throughout the county. Sellers had listed 146 homes for sale and buyers ratified 115 contracts.

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

2316 N. Stafford Street
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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.

Well good morning, Arlington, I have news for you!

FIVE PERCENT!!

Yes, mortgage rates just hit FIVE PERCENT for the first time since 2011! Buckle up because they are likely to continue climbing. At the beginning of the year, broad consensus was that rates might level out around 4.5%, by the end of the year.

This rapid rise is exactly what the Fed wants to happen in their hopes to tamp down inflation. The problem is that people still need a place to live and there is plenty of cash out there, so buyers are likely to continue buying. The shortage of available inventory won’t go away no matter how high rates go.

I’ve spoken to some local lenders recently, and in their circles, there is talk about rates going as high as 8% or 9% within the next two years! I don’t like to speculate too much, but considering how fast this trend line is moving, that honestly wouldn’t surprise me one bit!

As of right now, we now have 277 properties available for sale in Arlington, one more than last week. Sellers listed 85 homes for sale, 21 less than last week. That’s about a 25% reduction in new listings week over week. Perhaps sellers are avoiding Easter week and we’ll see more new listings next week?

Ratified contracts are down 11 from last week, with 72 contracts in the past seven days. 39 of those were homes listed just within the past seven days, representing almost 50% of new inventory taken off the market by purchasers in a week or less!

Of the 277 homes currently available for sale, 70 are detached homes, 25 are semi-detached/townhomes, and the remaining 182 are condominiums. These properties range in price from $100,000 all the way up to $7,950,000.

Average list price for currently available homes is $836,109, and the median price is $562,000. These homes have been on the market for an average of 45 DOM (days on market) and a median of 22.

This week last year, there were 458 homes available for sale throughout the county. Sellers had listed 136 homes for sale and buyers ratified 88 contracts.

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

1005 N. Madison Street
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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 thanks for reading Just Listed!

At the risk of sounding like a broken record, interest rates have risen… again! Now sitting at 4.72% and up a full 1.5% in the past three months, according to Freddie Mac this is the fastest rise since May of 1994. Additionally, this has decreased buying power by an amazing TWENTY PERCENT since this time last year. For comparison, one year ago today, interest rates were just 3.13%!

Last week I told you inventory has been slowly but steadily rising and I was starting to see a trend. This week, inventory is down by six units… and ratified contracts are up. Even trends can take a dip here and there!

These numbers don’t quite resemble sentiment that myself and a number of my colleagues have been feeling recently. That’s likely because some of these market indicators don’t show up in data right away. For example, I’m witnessing a bit of a decrease in open house traffic and less showings on currently active listings. These are signs of what may be to come in weeks ahead (potentially less ratified contracts) but not necessarily in this week’s data.

As of right now, we have 276 properties available for sale in Arlington, six less than last week. Sellers listed 106 homes for sale, one more than last week and 106 new listings is a pretty good pace. Ratified contracts are up 11 more than last week, with 83 contracts in the past seven days. An amazing 50 of those were homes listed just within the past seven days.

Of the 76 homes currently available for sale, 75 are detached homes, 34 are semi-detached/townhomes, and the remaining 167 are condominiums. These properties range in price from $100,000 all the way up to $7,950,000.

Average list price for currently available homes is $865,852, and the median price is $609,950. These homes have been on the market for an average of 48 DOM (days on market) and a median of 22.

This week last year, there were 427 homes available for sale throughout the county. Sellers had listed 96 homes for sale and buyers ratified 59 contracts.

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

633 22nd Street S.
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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.

Hello, Arlington — good morning and welcome to Just Listed!

I’m in my tenth year in Arlington real estate, grew up watching my father sell Arlington real estate my entire life, and neither of us have seen anything like what we’re experiencing now!

This is truly an extraordinary dynamic of fast paced, high stress, unbalanced and exuberant frenzied activity and I’m seeing people start to get weary. Buyers get disheartened after losing out on several houses they would like to have called home, while sellers can’t get enough of it! Realtors are tired (of showing houses and then delivering bad news to their buyers), lenders are tired (of issuing pre-approval letters that go nowhere), appraisers are tired (of lenders and agents hounding them to move quicker) and it’s still early spring!

December 13, 2018 — it’s been that long since interest rates were this high! Rates are sitting at 4.67% and projected to rise farther this year. Sky-high inflation, strong consumer demand and geopolitical uncertainty are just a handful of reasons why these rates just keep going up

Rising interest rates may be starting to impact inventory — it’s somewhat indirect and I can’t only attribute it to this, but inventory is rising. Inventory starts to rise in the spring due to more homes hitting the market, and this happens each year. It’s early, but I may be seeing a trend, it’s just hard to know everything to attribute it to. I’ll keep a close eye on this and let you know what I’m seeing each week, as always!

This week in Arlington there are 20 more properties available in the county than last week, totaling 282. Sellers listed 105 homes for sale, seven more than last week.

Rate volatility may be pushing some buyers out of the market, and simultaneously encouraging others to do everything they can to get a piece of the metaphorical Arlington pie! Ratified contracts are up two more than last week, with 72 contracts in the past seven days. 35 of those were homes listed just within the past seven days.

Of the 282 homes currently available for sale, 69 are detached homes, 36 are semi-detached/townhomes, and the remaining 177 are condominiums. These properties range in price from $100,000 all the way up to $7,950,000.

Average list price for currently available homes is $822,484, and the median price is $588,950. These homes have been on the market for an average of 50 DOM (days on market) and a median of 20. Median days on market of less than three weeks is a first for me — this is absolutely incredible to think that over 50% of homes in the county sell in less than three weeks!

This week last year, there were 426 homes available for sale throughout the county. Sellers had listed 108 homes for sale and buyers ratified 96 contracts. Interest rates were just 3.18%!

PICK OF THE WEEK — 2931 S. Grant Street, Arlington, VA 22202 — $2,125,000

No detail overlooked in this stunning 2019 Craftsman home with 5 bedrooms, 4.5 baths on three beautifully finished levels on a grassy, gently sloping and landscaped 9,000sf lot, fenced in the rear. An entertainer’s dream with 5000+ sq. ft. of luxury living including HGTV-worthy gourmet kitchen w/professional-grade appliances open to a vaulted-ceiling great room with gorgeous stone fireplace, and a banquet-sized dining room. Abundant fine finish carpentry and high-end details throughout. Bright walk-out lower-level with 11′ ceilings has a great room featuring a gas fireplace, a gorgeous, expansive walnut wet bar with seating, large bedroom with full bath (perfect au pair/in-law space) and plenty of storage. This home is perfect for multigenerational living. Oversized 2-car garage with extra storage over a huge workshop. Rear screened porch and deck offer skyline views.

Find me and my team here this weekend, Saturday and Sunday from 1-4 p.m. for the public open houses!

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

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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, welcome to Just Listed!

Interest rates did a backflip this past week after the news the Fed raised rates by .25%. Buyers were being quoted over 5% briefly in some instances, but that leveled out by last Friday.

Freddie Mac notes that the 30-year fixed rate mortgage average for the past week sits at 4.42%, higher than it’s been in at least three years. For perspective, rates are up 1.31% higher this year than where they left off in 2021, and have gone up 9/12 weeks this year.

Despite the rise in interest rates, the inventory situation is a bit dire for buyers. We are running about 2-3 weeks’ worth of inventory, depending on how you measure it week over week. Simply put, rising interest rates aren’t curbing the demand for a piece of Arlington real estate, whether it’s a condo, a townhouse or a detached home.

While inventory is tight (of course), it’s grown just a bit over the last week. We have 14 more properties available in the county than we did last week, totaling 262. Sellers listed 98 homes for sale, 13 fewer than last week.

Buyers seem to have been a bit spooked by the rate volatility the past week, ratified contracts are down a bit… 70 contracts in the past seven days, down 12 from the week prior. Forty of those were homes listed just within the past seven days.

Of the 262 homes currently available for sale, 62are detached homes, 27are semi-detached/townhomes, and the remaining 173 are condominiums. These properties range in price from $100,000 all the way up to $7,950,000.

Average list price for currently available homes is $819,333, and the median price is $539.450. These homes have been on the market for an average of 54 DOM (days on market) and a median of 21.

This week last year, there were 429 homes available for sale throughout the county. Sellers had listed 101 homes for sale and buyers ratified 89 contracts.

PICK OF THE WEEK — 3103 S. High Street, Arlington, VA 22202 — $624,900

Welcome to this deceptively large four-story home with two bedrooms, one bathroom and plenty of storage; all the best of a detached home, with one less exterior wall! An inviting front porch, hardwood floors throughout the main and upper level, and freshly painted in neutral tones. Thoroughly updated with many new and recent major systems and appliances.

Featuring a wood burning fireplace with brick hearth, open and renovated kitchen and dining area and a private backyard deck. Lower-level laundry and utility space as well as rec room, and uppermost level loft is perfect for a home office. Parking pad can be added in front of the home, though street parking is abundant. So much additional potential by finishing the basement, with ability to add another full bathroom! A perfect income generating property right in the neighborhood!

Find me and my team here this weekend, Saturday and Sunday from 1:00pm-4:00pm for the public open houses!

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

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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 Just Listed! Don’t you just love the spring!? Sellers love the spring, especially in Arlington! It all seems to come together at the same time — sellers still have a “mostly outdated” mentality that the grass should be green, the azaleas in bloom and the snow melted, before they can sell their home. While that approach certainly works, those who are ahead of the curve have less other sellers and properties to compete with.

Needless to say, us real estate agents are super busy this time of year — us and the accountants. These are long days, made longer by the fact that the sun stays up later into the evening, allowing for more showings of properties across the DMV.

You may have seen the news, on Wednesday, the Fed raised interest rates .25%. No, this is not the mortgage rate, but everything is interconnected. As a result, interest rates just spiked after a couple weeks of stagnation, and my lender said he is now seeing rates that start with a 5! Per Freddie Mac’s most recent data this morning, the national average is 4.16%, but most of that data is from before the Wednesday announcement. Rates today are up, and this is going to continue to squeeze the pockets of buyers across the nation.

Inventory remains super, super tight — we have two more properties available in the county than we did last week, totaling 248. Sellers listed 111 homes for sale, 12 more than last week! Buyers worked their hardest to keep pace with sellers and ratified 82 contracts! 49 of those were homes listed just within the past seven days.

Of the 248 homes currently available for sale, 50 are detached homes, 30 are semi-detached/townhomes, and the remaining 168 are condominiums. These properties range in price from $100,000 all the way up to $3,750,000.

Average list price for currently available homes is $771,414, and the median price is $522,500. These homes have been on the market for an average of 62 DOM (days on market) and a median of 22. This week last year, there were 417 homes available for sale throughout the county. Sellers had listed 120 homes for sale and buyers ratified 91 contracts.

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

2621 12th Street S.
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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, Arlington, and welcome to Just Listed! I was feeling creative today so I wrote you a little bit more in depth about price escalations relative to market conditions — let me know what you think!

Last week I told you about properties selling for $300,000 over their asking price, and this week I’ll tell you more! This continues to happen; in fact, it seems to be ramping up in frequency. Besides the obvious lack of inventory, there are other reasons why this happens. No, most of the time the agent or the seller did not underprice the property.

In fact, it probably was simply priced perfectly! Pricing with data, based on the location of the property and its overall condition relative to recent sales isn’t always easy, but it’s the only way to do it. Once a property hits this hot of a market and it’s priced properly, market forces do the rest, allowing for prompt validation, fear of loss by other purchasers and an escalated sale price.

This does not mean that sellers should price where they “think” or “hope” it will sell! In fact, doing this is a perfect recipe to NOT sell your house! The aggressive price escalations happen when value, and in these cases, extra value, is perceived and then willingly paid for through market forces. Starting too high is obvious to the marketplace and results in your property being ignored in favor of other options. Price with recent data and allow the agents and marketplace to do the rest.

We’ve been experiencing constant price appreciation in Arlington since the Great Recession. That price appreciation is not linear, it jumps during certain periods of time, and stays stagnant for others. This results in an average that can be applied over longer durations, but a lot of it happens in short bits when the conditions are just right, such as this year’s spring market.

Say we experienced 12% appreciation year over year, for example. This could be applied as 1%/month, or $10,000/month on a $1,000,000 home, or it could all happen in March with a single sale for 10% over asking price, and then prices stop jumping for the remainder of the year. The latter is more of what we’re experiencing, as last fall prices were much more stagnant due to fewer buyers in the market, at the time.

Simply put, if prices jumped hundreds of thousands of dollars constantly, many, many times per year, we’d all be buying and selling homes that are worth $5,000,000+ before too long, but that’s certainly not what we’re experiencing in Arlington.

Fewer buyers in the market at any given time does not result in prices decreasing, they simply stop going up, for a time, hence the idea of average price appreciation being applied as a year over year, or month over month, metric.

I’m super excited to tell you about our teams newest listing — our PICK OF THE WEEK! 925 19th Street S., Arlington, VA 22202 — $1,074,900.

925 19th Street S.

Welcome home to this expanded and recently renovated Cape Cod! It exudes charm and lives comfortably! Five bedrooms, two full and one half bathroom and the ability to live on the main level are just the beginning! Perfectly situated on a flat, 6,000sf fully fenced lot with driveway parking for two or more cars. An inviting front entryway leads into a foyer with views of the open kitchen, dining and family rooms.

Chef’s kitchen with gorgeous white cabinetry, Quartz countertops, stainless steel appliances and bar seating. A family room in the rear steps out onto one of two decks and overlooks the backyard. Upstairs has three bedrooms, a brand-new hall bathroom, and a second private deck from the primary bedroom. Bonus space upstairs, loads of storage throughout, including basement, and a flexible floorplan for all work from home, home school or multi-generational needs.

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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, Arlington, and all the Just Listed readers out there!

Wow what a crazy week it’s been! Looking back to 2020, we saw many properties sell for $100,000 over asking price. Now, in 2022, we’re seeing properties sell $200,000 over ask, and in a handful of instances now, $300,000+ over asking price. Trust me, it’s astonishing us real estate agents just as much as it is the buyers, sellers, neighbors and writers at local news organizations alike!

Mortgage rates fall for a second week in a row, dropping to 3.89% on a 30-year fixed rate mortgage. This will be welcome news from buyers facing intense upward pressure on house prices in our local market (and throughout the country)!

Listing inventory continues to build, up ten from last week for a total of 240 properties to choose from. Sellers really stepped it up this week, listing 104 properties for sale in the past seven days!

Buyers were hard at work navigating pre-inspections, waiving appraisal contingencies and pulling out all the stops! They took 67 properties under contract this past week, an impressive 44 of those were homes that spent just seven days or less on the market.

Of the 240 homes currently available for sale, 46 are detached homes, 26 are semi-detached/townhomes and the remaining 168 are condominiums. These properties range in price from $105,000 all the way up to $3,750,000.

Average list price for currently available homes is $771,857, and the median price is $522,250. These homes have been on the market for an average of 63 DOM (days on market) and a median of 23.

Both the median and average days are in free-fall as the market continues to tighten. Buyers are starting to absorb holdover inventory that went through price reductions, multiple open houses, etc. The stuff hitting the market each week is just too hot to handle for many. Median days dropped by 10 week over week, or about 30%!

This week last year, there were 378 homes available for sale throughout the county. Sellers had listed 98 homes for sale and buyers ratified 66 contracts.

Click here to search currently available Arlington real estate. If you see a home that 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 that I think you might like to check out.

1104 S. Edgewood Street
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