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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. As always, thanks for keeping up with the Just Listed column. We aim to keep you in-the-know with how our Arlington real estate market is performing week over week.

Some big news in the mortgage industry, the 30-year fixed rate mortgage surpasses 3%, which is the highest point since April of this year. As reported by Freddie Mac, when you couple this rise in rates with home price growth, it is going to keep some buyers out of the market, especially those shopping close to their limits.

This usually impacts first time home buyers who are trying to break into the market more than their more experienced counterparts, often in the more approachable price points.

Another trend I’ve been watching is the decrease in available condominium inventory. This has been going on for the past five weeks, the longest decrease I’ve seen since the exodus from condos back in spring of 2020. Condos and higher priced homes have been the shining stars of the market for the past few weeks, a trend the rest of the market is not going along with. I’ll be keeping an eye on this going forward as it may be a broader market indicator.

This week, 64 new properties were listed in the county, 10 more than last week.

Buyers ratified 67 contracts, five more than the week before, including 22 contracts on properties that had been on the market seven days or less.

In Arlington, we currently have 531 listed homes for sale, two more than last week. 140 of these options are detached homes. 69 are townhomes/semi-detached properties, and the remaining 322 are condominiums.

The average price for homes across all property types in Arlington right now is $772,807, while the median price is $587,000. On average, these homes have been on the market for 62 days, but the median is just 36.

A quick comparison to this week last year, there were 88 homes listed for sale and 71 ratified contracts. There were 542 properties available in Arlington.

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.

1832 N. Culpeper 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 Arlington — welcome to Just Listed! I was out last week, so we’ll take a bit of a different approach this week without a week over week comparison and get back to normal next week. I’ll still give you an idea of how we’re looking compared to this week last year.

Arlington’s fall market is moving along, mostly just keeping with the status quo and steady as she goes… Some weeks there are more listings than contracts, other weeks it’s flipped, and overall inventory is holding steady.

I mentioned a couple weeks ago that this is a tale of two markets, and that’s still very true. Last week, the Andors Real Estate Group ratified another listing of ours $100,000+ above asking price — in that case, it equated to about 10% over.

This has become rarer compared to this spring, but for the nicest homes where value feels abundant, there are many well qualified buyers ready to pounce! Contrast that with increasing days on market across all property types, and the result really is a mixed bag. Buyers can be pickier, there seem to be fewer buyers actively out and about, and not everything sells right away.

This week, 64 new properties were listed in the county, ranging in price from $115,000 for a tiny condo all the way to $2,199,000 for a large new build with an ADU (accessory dwelling unit).

Buyers ratified almost as many contracts, 62, including 19 contracts on properties that had been on the market seven days or less.

In Arlington, we currently have 529 listed homes for sale. 134 of these options are detached homes. 67 are townhomes/ semi-detached properties, and the remaining 328 are condominiums.

The average price for homes across all property types in Arlington right now is $762,103, while the median price is $575,000. On average, these homes have been on the market for 64 days, but the median is just 36.

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.

1115 S. Edison Street
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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, Arlington, and welcome to JUST LISTED!

This past week we had way less new inventory, but buyer demand remained steady. This meant an overall decrease in available inventory, a welcome sign for sellers who are wondering why their homes are taking a bit longer to sell.

This is starting to paint a picture of two different markets within the county. For instance, over just the past four or five weeks, my team has had a couple of homes sit on the market for a few weeks, a couple go under contract promptly at or very near asking price, and one go well over $100,000 above asking price with half a dozen offers.

To dissect that just a bit further, it shows a bit of a divide in what buyers are willing to do, or not do, depending on the property. Some of the nicest homes that check most of the standard boxes (renovated, standard configuration of bathrooms and bedrooms, maybe a nice yard, perhaps a garage) are getting the lion’s share of the buyer’s attention. While those homes receive multiple offers and sell above asking price, there are still hundreds of properties being overlooked week over week throughout Arlington, at all price points.

The homes that don’t fly off the shelf usually have something, or lack something, that doesn’t show up “on paper.” By this I mean that it may appear to be comparable to recently sold homes at a specific price based on beds, baths and location, but when you dig a bit deeper, there is more to uncover. The ones that sit might be on a slightly busier road, or the bed/bath configuration/location within the home isn’t as ideal, or there is either a large hill or steep street/driveway to overcome. In a pickier market, these can linger a bit longer than others.

Price is always a factor, and with widely voiced concerns about the sustainability of our upward trending, expensive marketplace, it seems we still have room to grow. I’m seeing more than one force at work here, theoretically pushing down the prices in some ways, and pushing prices higher in another.

Force #1 — perception — The perception that prices are at an all-time high and therefore can’t or won’t go any higher. This is understandable but has also been going on for about 10 years. If it kept you on the sidelines 10 years ago, today’s prices would be absolutely astronomical compared to that decision a decade ago.

Force #2 — needs — The majority of Arlington sales, especially detached homes and attached/semi-detached, such as townhomes, are need-based. Either a job relocation, expanding family or other major life event results in most of our inventory being bought as a “primary residence,” which is much more resilient than when an investor buys, seeking only specific and measurable returns.

Whatever forces are acting strongly for a particular home, the Arlington market is still hot, favors sellers, and is likely to continue in that direction for the foreseeable future, and then some.

Now for more of this week’s numbers and analysis: Sellers listed 77 homes for sale this past week, 30 less than the week before. Buyers ratified 77 contracts, two less than the week prior. Additionally, 28 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 543 available properties for sale throughout all of Arlington and across all property types: 144 are detached homes, 61 are townhome/semi-detached homes and 338 of the available units in Arlington are condos.

For a bit of perspective, this same week last year, sellers listed 97 homes and buyers ratified 52 contracts. There were also only 488 available properties for sale this week last year.

The average list price for currently available properties is $771,785 and the median is $580,000. Currently available properties in Arlington have an average of 61 days on market (DOM) and a median of just 35.

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.

1631 N. Randolph Street
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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.

Hello, Arlington, and welcome to JUST LISTED!

Buyers stepped up big this week, ratifying a ton of contracts, but sellers put even more new inventory on the market! The market is moving, but it is not moving at the pace we saw in the spring. Perhaps earlier this year we experienced all or most of the appreciation we would for the year, and now we’re just leveled off for the time being.

There is a big misconception about how slightly lower demand impacts prices. Many ask us if this means prices are going down, but the simple and straightforward answer is “no.” Prices are established by previous sales and what current buyers are willing to pay for them. While they correlate to days on market (DOM), it will take much more than a couple months of slightly lower demand before prices fall.

Reminder — 6 months of inventory is considered a market equilibrium. Right now, we’re still running at around 2.5 months of inventory, so it is a strong seller’s market, especially in the detached and semi-detached/townhome market.Prices haven’t fallen on any type of adjusted basis in Arlington, in over a decade. Of course, we move upward in some fits and spurts, so occasionally the appreciation slows along the way as we work towards new highs each year.

A huge surge in condo inventory over just the past four weeks (about 15%) is adding heavily to our overall inventory, and we have 77 more to choose from than this week last year (and 26 more than last week!)

PICKS OF THE WEEK: The Andors Real Estate Group is proud to have JUST LISTED two beautiful Arlington homes this week.

717 26th Street S., Arlington, VA 22202 — $1,185,000

Stylishly updated and expanded home located on a meticulously landscaped 6,075sf lot situated on one of the prettiest streets in the neighborhood with a broad, tree-lined median. Upper-level features four bedrooms and two full bathrooms, including a beautiful owners suite complete with a bay window, fireplace, large walk-in closet and an en-suite bathroom with soaking tub.

Kitchen and family room addition is perfect for large gatherings, including bar seating, tons of cabinet and counter space, and dual French doors leading to a screened-in porch and a private rear deck. On the main level, the formal living and dining rooms feature built-in shelving and cabinetry, as well as a fireplace. A convenient butler’s pantry and half bath along with main-level laundry and a beautiful sunroom round out the first floor.

Basement with good head height provides great storage space. The backyard is a serene oasis with beautiful gardening and landscaping. With gorgeous oak and heart pine flooring throughout both levels and loads of updates throughout, this home is perfectly move-in ready!

2448 N. Pocomoke Street, Arlington, VA 22207 — $1,150,000

Beautifully expanded and renovated Arlington Colonial located across the street from a small Arlington park and .9 miles to East Falls Church Metro. This four-bedroom, three full bathroom home sits on a flat 7,572 sq. ft. lot and has a screened porch overlooking the backyard as well as an open deck. The gorgeous owner’s suite has dual closet, a sitting area, picture frame window, vaulted ceilings and an enviable en-suite bathroom with air-jet tub.

Three more bedrooms are located on the upper level and share a hall bathroom. Main level has a circular flow, including formal living, formal dining, a sunroom and a chefs kitchen open to the expanded family room. Lower level features a third full bathroom, laundry room, rec room and abundant storage. A brand-new HVAC system was just installed this week!

You can find me and my team at these beautiful homes this weekend hosting in-person open houses —  Saturday and Sunday 1-4 p.m.

Now for more of this week’s numbers and analysis.

Sellers listed 107 homes for sale this past week, 14 more than the week before. Buyers ratified 79 contracts, 38 more than the week prior. 33 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 555 available properties for sale throughout all of Arlington and across all property types: 147 are detached homes, 57 are townhome/semi-detached homes and 351 of the available units in Arlington are condos. For a bit of perspective, this same week last year sellers listed 84 homes and buyers ratified 68 contracts. There were also only 444 available properties for sale this week last year.

The average list price for currently available properties is $768,383 and the median is $575,000. Currently available properties in Arlington have an average of 59 days on market (DOM) and a median of just 36.

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 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, Arlington, and welcome to JUST LISTED!

The influx of new inventory for the fall market has begun with a 33% increase week over week! Sellers are really going to need buyers to step up to the plate in the coming weeks to absorb the new offerings.

The Mortgage Bankers Association (MBA) puts out weekly statistics on the number of new mortgage applicants, and it’s been holding flat the past few weeks, though they have decreased slightly (about 2.5% over the past two weeks). Rates are steady, and fall is a popular time to buy; I’m pretty convinced these numbers will start to pick up.

PICK OF THE WEEK: The Andors Real Estate Group is proud to have JUST LISTED 925 26th Place S., Arlington, VA 22202 — $1,150,000.

925 26th Place S.

You will absolutely love this gorgeous mid-century ranch-style Aurora Hills home perched on a hill overlooking the neighborhood. It has 2,600 square feet of living space with three bedrooms, two full bathrooms and one half bathroom. A stunning, perfectly laid-out chef’s kitchen features quartz countertops and backsplash, stainless-appliances and walks out to a private patio.

There’s amazing storage and closet space throughout. Also find large picture windows, wood-burning fireplaces, a climate-controlled sunroom, spa-like bathrooms, a workshop, a laundry room, off-street parking and two additional rooms for just about anything — this house has it all. Entirely updated from top to bottom with top-of-the-line finishes and materials, this home is like-new and 100% move-in ready!

You can find me and my team here this weekend hosting in-person open houses — Saturday and Sunday 1-4 p.m.

Now for more of this week’s numbers and analysis.

Sellers listed 93 homes for sale this past week, 30 more than the week before. Buyers ratified 41 contracts, 15 fewer than the week prior. 19 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 532 available properties for sale throughout all of Arlington and across all property types: 148 are detached homes, 59 are townhome/semi-detached homes and 325 of the available units in Arlington are condos.

For a bit of perspective, this same week last year sellers listed 92 homes and buyers ratified 55 contracts. There were also only 428 available properties for sale this week last year.

The average list price for currently available properties is $794,576 and the median is $596,100. Currently available properties in Arlington have an average of 59 days on market (DOM) and a median of just 36.

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.

Buenos dias, Arlington, and welcome to JUST LISTED!

Fall is pretty much here, and the real estate market looks like it sped up just a bit over the past seven days. We saw an uptick in new listings and ratified contracts this past week, as well as a decrease in overall inventory. Our pace right now is a lot slower than it was a year ago — about 25% less ratified contracts compared with the same week last year.

Mortgage rates held steady over the past week, and buyers are ready to get right back at it this fall. Buying power has stayed very steady this year because of the low interest rate environment and predictability. I don’t anticipate prices to increase rapidly this fall the way we saw them jump during the spring, but the demand will be strong enough to keep the momentum moving forward.

Another sign the market, at least listings, are about to pick up: There are currently 55 listings in ‘Coming Soon’ status in the multiple listing service (MLS). This status means that they are not yet ready for showings or open houses but alerts prospective purchasers that the home will be ready soon. Usually, homes can be in this status for no more than 21 days unless there is an extensive renovation in progress, or it is new construction.

PICK OF THE WEEK: The Andors Real Estate Group is proud to have JUST LISTED 2706 S. Grant Street, Arlington, VA 22202 — $1,149,000.

2706 S. Grant Street

This expanded and updated five-bedroom, four-bathroom raised rambler sits within walking and biking distance of the Pentagon. The main level features four generous bedrooms and three full bathrooms, including two en-suite, a formal living room, a formal dining room, and a fantastic foyer. An amazing family room has six skylights and a vaulted ceiling overlooking the private, landscaped backyard. The stunning custom patio has a seating ledge, grilling station and stretches the width of the house. The large 8,313-square-foot lot features tree houses, raised garden beds and is very private. The chef’s kitchen has a large skylight and features all stainless-steel appliances, including double Viking ovens and plenty of counter and cabinet space. The lower level has a fifth bedroom with its own separate entrance (great for an au pair), a fourth full bathroom, a spacious laundry, utility and storage space, and an attached one-car garage.

You can find me and my team here this weekend hosting in-person open houses — Saturday and Sunday 1-4 p.m.

Now for more of this week’s numbers and analysis.

Sellers listed 63 homes for sale this past week, 13 more than the week before. Buyers ratified 56 contracts, 12 more than the week prior. Of the ratified contracts, 21 were on homes JUST LISTED in the past seven days.

There are 483 available properties for sale throughout all of Arlington and across all property types: 131 are detached homes, 55 are townhome/semi-detached homes and 297 of the available units in Arlington are condos.

For a bit of perspective, this same week last year sellers listed 82 homes and buyers ratified 72 contracts. There were also only 384 available properties for sale this week last year.

The average list price for currently available properties is $801,332 and the median is $580,000. Currently available properties in Arlington have an average of 63 days on market (DOM) and a median of just 42.

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.

Hello, Arlington, and welcome to JUST LISTED!

It’s been more of the same sluggish pace in Arlington this past week. We’re hopeful that the buyers out there are ready to absorb a bunch of fresh inventory coming in the next few weeks — I have many new listings slated to hit the market in September, and I know many of my colleagues do as well. If this sluggish buyer behavior continues, we will see inventory rise dramatically in the coming weeks…

PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 1306 24th Street S., Arlington, VA 22202 — $1,450,000.

Welcome home to this stunning, stately and meticulously maintained Federalist-style brick home sited on a gorgeous approximately 10,000-square-foot flat, manicured lot backing to park land.

A flagstone walkway leads to a covered front entryway. The home has a large driveway and an attached one-car garage. Find a foyer entryway, expansive main level including formal living with gas burning fireplace, a home office/library and powder room. The home boasts a large and open dining area, chef’s kitchen, and a screened-in porch overlooking the large, fully fenced backyard. Upstairs features three bedrooms and two full bathrooms, including a private owner’s suite with rooftop terrace. The lower level walks out to the backyard, features a fourth bedroom and en-suite bathroom, large rec room, abundant storage and utility space, and a light-filled bonus room. Find new systems and appliances throughout and totally move-in ready.

You can find me here this weekend hosting in-person open houses — Saturday and Sunday 1-4 p.m.

Sellers listed 50 homes for sale this past week, three less than the week before. Buyers ratified 44 contracts, 15 less than the week prior, and 11 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 511 available properties for sale throughout all of Arlington and across all property types: 141 are detached homes, 57 are townhome/semi-detached homes and 313 of the available units in Arlington are condos.

For a bit of perspective, this same week last year sellers listed 97 homes and buyers ratified 61 contracts. There were also only 415 available properties for sale this week last year.

The average list price for currently available properties is $803,928 and the median is $595,000. Currently available properties in Arlington have an average of 66 days on market (DOM) and a median of just 43.

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, Arlington, and welcome to JUST LISTED!

Average and median days on market (DOM) are rising, inventory is contracting, and buyers are not taking as many homes under contract.

In just eight weeks, median days on market has crept up by 12 days, from 30 to 42. This is mostly attributable to fewer new listings coming on market but is also impacted by fewer ratified contracts. Houses are taking a bit longer to sell, and this continues to encourage an uptick in price reductions amongst sellers who thought their home would sell more promptly.

Interest rates are staying remarkably stable, according to Freddie Mac. The 30-year fixed rate mortgage is currently at 2.86% on average. This is something I think will have a big impact on the upcoming fall market – buying power is still near an all-time high, and demand remains very high, especially for detached homes.

Let’s dive into the numbers a bit more below, and of course check out some of the newest Arlington inventory as well.

Sellers listed 53 homes for sale this past week, 13 less than the week before. Buyers ratified 59 contracts, four more than the week prior. 21 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 506 available properties for sale throughout all of Arlington and across all property types: 146 are detached homes, 55 are townhome/ semi-detached homes and 305 of the available units in Arlington are condos.

For a bit of perspective, this same week last year sellers listed 83 homes and buyers ratified 68 contracts. There were also only 392 available properties for sale this week last year.

The average list price for currently available properties is $812,168 and the median is $599,000. Currently available properties in Arlington have an average of 64 days on market (DOM) and a median of just 42.

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.

1716 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.

Hey there, Arlington, and welcome to JUST LISTED!

It’s another hot (temperature) August week here in Arlington with temps inching toward the triple-digits, and it’s been a sluggish (relatively speaking) real estate market. New listings remain low, and ratified contracts are low as well. To put this week’s numbers into some perspective from earlier in the year, 10 weeks ago, buyers ratified twice as many contracts as they did for this past week! New listings were also more plentiful with 58% more new properties for sale 10 weeks ago.

Last year for this week, I wrote about how inventory in Arlington was steadily growing. I speculated that it may have been due to a perceived “exodus” to the suburbs, and while many did make that move, it’s been abundantly clear that Arlington is still in high demand.

I’ve mentioned this in the past, but it’s worth discussing a little bit more — price reductions. In Arlington over the past seven days, we’ve seen 49 homes with price reductions, representing just short of 10% of all available homes for sale. First, most of these reductions are on condominiums because the market just isn’t that strong for condos (and hasn’t been since March 2020). Second, these reductions spell buyer opportunity, so for anyone wishing they didn’t have to get into a bidding war or isn’t willing to waive contingencies, look at these properties. Third, this is not representative of a softening in the market, but instead indicative of a seller who does indeed wish to sell their home. If they didn’t get the price that they were asking for, after a certain amount of time, that becomes clear and a reduction is necessary to “find the market.”

Now, more on our weekly numbers below as well as a comparison to last year for the same week.

Sellers listed 68 homes for sale this past week, five more than the week before. Buyers ratified 55 contracts, 12 fewer than the week prior. Just 16 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 513 available properties for sale throughout all of Arlington and across all property types: 139 are detached homes, 56 are townhome/semi-detached homes and 318 of the available units in Arlington are condos.

For a bit of perspective, this same week last year sellers listed 91 homes and buyers ratified 59 contracts. There were also only 370 available properties for sale this week last year.

The average list price for currently available properties is $805,683 and the median is $599,000. Currently available properties in Arlington have an average of 62 days on market (DOM) and a median of just 37.

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.

Hello, Arlington, and welcome to JUST LISTED!

The August doldrums have arrived! This is the third week of declining numbers for ratified contracts and the fourth week for declining ratified contracts on newly (within seven days) listed properties. We also have less available inventory for four weeks in a row, with a 10% decline over the past month.

We will likely level out at this point — I do not expect inventory to drop too much more — though this week is the first week I can recall in a very long time where ratified contracts have outpaced new listings. Last week they were dead even.

Expect this to be pretty much par for the course until around Labor Day. I’ve often called the fall market in Arlington the “second spring” and anticipate this year to follow suit.

Make no mistake about the month of August. The market is still red hot, and buyers will have to work hard to get the nicest, most move-in ready properties! Just yesterday, the Andors Real Estate Group received four offers on our newest listing, bidding the price up over $70,000, or roughly 8% over the list price, and buyers removed almost all standard contingencies.

Now, more on our weekly numbers below, as well as a comparison to last year for the same week. Sellers listed 63 homes for sale this past week, 10 less than the week before. Buyers ratified 67 contracts, six less than the week prior. Just 16 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 497 available properties for sale throughout all of Arlington and across all property types: 133 are detached homes, 52 are townhome/ semi-detached homes and 312 of the available units in Arlington are condos.

For a bit of perspective, this same week last year, sellers listed 88 homes and buyers ratified 68 contracts. There were also only 351 available properties for sale this week last year.

The average list price for currently available properties is $802,825 and the median is $580,000. Currently available properties in Arlington have an average of 62 days on market (DOM) and a median of just 37.

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.

4704 23rd 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.

Greetings, Arlington, and welcome to JUST LISTED!

As we predicted last week heading into August, the market would likely slow down a bit more during the latter half of summer. Fewer sellers will list their homes in August, likely waiting until just after Labor Day to do so, and buyers are probably taking their last beach vacation before the fall.

This past week, according to the numbers below we saw a decent drop in available inventory, with 27 fewer homes to choose from in Arlington. For the first time since I’ve started tracking this, buyers ratified just as many contracts as sellers listed new homes at 73 each!

Overall inventory decreased, despite that brief equilibrium as some listings expire, sellers withdraw either permanently or temporarily, and some rethink their strategy going forward. 61 homes reduced their prices this week in Arlington, accounting for almost 12% of available inventory. This is up quite a bit from the spring, when houses sold faster than a seller needed to consider reducing the price (and for much more money than they were asking). For buyers looking for a “deal” or a “bargain,” this could be your moment of opportunity! If you’re hesitant to get into a bidding war, these may be your saving grace.

The Andors Real Estate Group has a fantastic, beautiful new listing that just hit the market and we’re excited to share! It’s our PICK OF THE WEEK — check it out: 2114 S. Joyce Street, Arlington, VA 22202 — $830,000.

The large covered front porch of this traditional, detached home is very welcoming and is a great place to people watch, observe a thunderstorm or enjoy a glass of wine to wind down after a stressful day. Gleaming hardwoods shine throughout this nearly 1900 s.f. three-bedroom, two full bathroom property with an open floor plan. A beautiful kitchen overlooks the serene backyard, boasting mature landscaping and hardscape.

Two main level bedrooms share a renovated hall bathroom, and a staircase leads to a truly impressive owner’s retreat. A tremendous bedroom with exposed wood beams and many skylights is the bedroom you’ve always wanted. A walk-in closet doubles as a sitting room and a large spa-like en-suite bathroom features a jetted tub, walk-in frameless glass shower, private water closet and double vanities.

Located just .7 miles to the Pentagon City Metro station, the convenience is unparalleled. Find our team here Saturday from 11 a.m.-2 p.m. and Sunday from 1-4 p.m. for the open houses!

Sellers listed 73 homes for sale this past week, 24 less than the week before. Buyers ratified 73 contracts, nine less than the week prior. 28 of the ratified contracts were on homes JUST LISTED in the past seven days.

There are 518 available properties for sale throughout all of Arlington and across all property types: 142 are detached homes, 52 are townhome/semi-detached homes and 324 of the available units in Arlington are condos.

For a bit of perspective, this same week last year sellers listed 77 homes and buyers ratified 65 contracts. There were also only 340 available properties for sale this week last year.​

The average list price for currently available properties is $795,301 and the median is $585,000. Currently available properties in Arlington have an average of 60 days on market (DOM) and a median of just 36.

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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