real estate

Just Listed in Arlington

By Sponsor

Just Listed highlights Arlington properties that just came on the market. This biweekly feature is written and sponsored by Coral Gundlach Homes.

Hello Arlington!

Coral Gundlach here with Coral Gundlach Homes at Compass in Arlington. I’ve been an Arlington homeowner since 2001 and a Realtor since 2004. I love this real estate market, even though it has its challenges.

The numbers this week are starting to show a trend. We have increases in inventory in all segments. Fourteen more new listings than two weeks ago and the Under Contract/Pending listings are down to 35 from 46 two weeks ago. That is showing a general softening of the market. There are always exceptions, but these numbers should give frustrated buyers some hope and make sellers think twice about how to price their new listings. 

Here are the numbers as of the time of writing: Friday, July 12 at 11:15 a.m.

  • All active listings in Arlington: 301 (up from 291 two weeks ago)
  • New listings in the past week: 74 (up from 60 two weeks ago)
  • Under Contract/Pending in last week: 35 (down from 46 two weeks ago)
  • All active detached listings: 113 (barely down from 114 two weeks ago)
  • New active detached listings: 30 (way up from from 16 two weeks ago)
  • All active townhouses, fee simple: 41 (up from 32 two weeks ago)
  • New active townhouses, fee simple: 11 (up from 10 two weeks ago)
  • All active condos/co-ops: 149 (up from from 139 two weeks ago)
  • New active condos/co-ops: 32 (up from 31 two weeks ago)

The average cumulative days on market (CDOM) for both Active Under Contract and Pending sales went up to 41 from 29 two weeks ago. CDOM includes homes that were withdrawn and re-listed. Homes that went straight to Pending (meaning no contingencies) averaged 36 CDOM, up significantly from 12 CDOM two weeks ago, and those that went Active Under Contract (with contingencies ) had an average of 44 up a little from 41 CDOM.

Thirteen detached homes closed in the last week, compared to 18 two weeks ago. 

Average CDOM for the closed homes was 26 compared to 44 two weeks ago and they sold for an average of 98.2% of original asking price compared to 98.9% of original asking price two weeks ago, and 99.3% of current asking price compared to 101.9% of current asking price two weeks ago.  

As far as trends go, even though the CDOM is lower for sold homes than two weeks ago, the average list price to sales price ratio is down again. Not a lot, but it is something to keep tracking to see if this market keeps tilting ever so slightly to the buyers’ favor. 

Contact Coral Gundlach Homes today at (703) 200-3631 or email [email protected] to talk more about buying or selling Arlington real estate.

This week’s Just Listed feature:

888 N Quincy Street, Unit 1407, Arlington VA, 22203 — $489,900

888 North Quincy Street Unit 1407

Today’s featured listing is a sunny and affordable one bedroom in the popular Residences at Liberty Center in the heart of Ballston, 888 N Quincy Street, Unit 1407, listed for $489,000 by Shawn Battle and Matt Leighton of Real Broker.

It has fabulous Ballston city views from the 14th floor and features significant updates such as a new HVAC, appliances, water heater all between 2022-2024. It also has hardwoods, balcony and a dedicated parking spot, in unit laundry — pretty much all the condo living must haves. Monthly fees are $521 and there is a one time capital contribution of $1,042. The fees pay for water and trash, and amenities like a security, gym, party room and rooftop pool. This is all walking distance to shops, dining and Metro. It is open Saturday, July 13 from 1-3 p.m.

Want to see more Just Listed properties? Interested in an Open House this weekend? We’re happy to show them to you privately! Click here or contact Coral Gundlach Homes.

Please note: While Coral Gundlach Homes provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

Just Sold Condos in Arlington

By Sponsor

Each week, “Just Sold Condos” spotlights condos in Arlington that have sold over the previous week. The market summary is crafted by Rick Bosl, the Arlington Condo Expert, founder of ArlingtonCondo.com, and an agent with KW Metro Center. Contact Rick and make your next move the right move.

Welcome to Just Sold Condos in Arlington!

Last week was a shortened week for condo sales with the Fourth of July holiday in the middle. Still, there were 14 condo closings in Arlington. Settlements typically only take place on non-holiday, weekdays.

The highest priced condo to close last week was Unit #1001E at Lexington Square (in the 3835 9th Street N building), which sold for $780,000. This was a 3 BR/2 BA corner unit with just over 1,252 sq. ft., one parking space and a storage unit.

On the other end of the spectrum, the least expensive condo to sell was actually a cooperative (aka co-op) — a studio at River Place in the north building sold for $140,000. The studio was only 425 sq. ft. but nicely updated. For a pied-à-terre or student housing, it works out just fine.

A few sales from last week:

  • Lexington Square — 3835 9th St. N #1001E, 22203 — $780,000
  • Atrium — 1530 Key Blvd. #927, 22209 — $535,000
  • West Village at Shirlington — 4111 S Four Mile Run Dr. #103, 22204 — $510,000
  • Colonial Village — 1913 Key Blvd. #11572, 22201 — $308,900
  • River Place — 1121 Arlington Blvd. #801, 22209 — $140,000

For a complete list, visit the ArlingtonCondo.com Just Sold Condos page.

1/2

Arlington is unique in that there are wide price ranges between neighboring buildings. In Rosslyn, you can have a studio at River Place selling for $140,000 just a few blocks away from a $4.75 Million condo at Turnberry Tower.

Last week also marks the end of the first half of 2024. What does the data say? Did you know ChatGPT 4.0 can now analyze spreadsheets? I exported all the 2024 condo listings from the first half and ran it through Chat.

I started with some basic stats that I could also verify (they do), like:

What are the average and median sales prices?

  • Average sales price: $546,350
  • Median sales price: $475,000

What is the average days on market?

  • 57 Days

What are the number of listings for each status?

  • Sold: 637
  • Active: 111
  • Under Contract: 82
  • Expired: 75
  • Cancelled: 30
  • Withdrawn: 25
  • Coming Soon: 3
  • Temporarily Off: 3

Then I got a little creative and this is where ChatCPT 4.0 really shines. I asked it to tell me the top 5 selling condo buildings based on sales price, days on market and the close/original price ratio. Only use buildings with at least 3 sales.

Here is what I got back:

Cambridge Courts

  • Average Sales Price: $331,000
  • Average DOM: 25.67 days
  • Average Close/Original Price Ratio: 1.051

Williamsburg

  • Average Sales Price: $646,633
  • Average DOM: 33.67 days
  • Average Close/Original Price Ratio: 1.031

Southampton

  • Average Sales Price: $698,125
  • Average DOM: 28.25 days
  • Average Close/Original Price Ratio: 1.025

Fairlington

  • Average Sales Price: $567,620
  • Average DOM: 35.34 days
  • Average Close/Original Price Ratio: 1.025

The Arlington

  • Average Sales Price: $417,100
  • Average DOM: 43.56 days
  • Average Close/Original Price Ratio: 1.022

Read more here to see what else Chat has to say about the first half of 2024.

Please note: While ArlingtonCondo.com provides this information for the community, they may not be the listing agent of these homes. Equal Housing Opportunity.

Just Reduced Properties in Arlington

By Sponsor

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 July 8, there are 126 detached homes, 34 townhouses and 137 condos for sale throughout Arlington County. In total, 19 homes experienced a price reduction in the past week, including:

3512 N Pocomoke Street

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.

Just Reduced Properties in Arlington

By Sponsor

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 July 1, there are 129 detached homes, 38 townhouses and 137 condos for sale throughout Arlington County. In total, 34 homes experienced a price reduction in the past week, including:

5214 11th Street N

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.

Around Town

$3.9 million Donaldson Run home featured by ‘Zillow Gone Wild’

By Katie Taranto
Photos of house in Donaldson Run featured by popular social media account (via @zillowgonewild/Twitter)

A Donaldson Run house steps from Marymount University has captured the attention of a popular, real estate-focused social media account.

Zillow Gone Wild — which has 4.3 million followers across multiple social platforms — posted about the four-story home at 4605 26th Street N., showcasing its personal movie theater, extensive bar area and more.

Go to $3.9 million Donaldson Run home featured by ‘Zillow Gone Wild’ Read more

Just Listed in Arlington

By Sponsor

Just Listed highlights Arlington properties that just came on the market. This biweekly feature is written and sponsored by Coral Gundlach Homes.

Hello Arlington!

Coral Gundlach here with Coral Gundlach Homes at Compass in Arlington. I’ve been an Arlington homeowner since 2001 and a Realtor since 2004. I love this real estate market, even though it has its challenges.

It is officially summer and people are on vacation and less focused on real estate. Almost all numbers are down, except overall actives are up. Single family homes are still typically selling fast for over asking but others are taking a bit longer. We are still tracking Under Contract/Pending sales in this column as well. 

Here are the numbers as of the time of writing: Friday, June 28 at 11:15 a.m.

  • All active listings in Arlington: 291 
  • New listings in the past week: 60 (same as 60 two weeks ago)
  • Under Contract/Pending in last week: 46 (down from 56 two weeks ago)
  • All active detached listings: 114 (down from 121 two weeks ago)
  • New active detached listings: 16 (down from 22 two weeks ago)
  • All active townhouses, fee simple: 32 (up from 29 two weeks ago)
  • New active townhouses, fee simple: 10 (up from 8 two weeks ago)
  • All active condos/co-ops: 139 (up from from 129 two weeks ago)
  • New active condos/co-ops: 31 (up from 28 two weeks ago)

The average cumulative days on market (CDOM) for both Active Under Contract and Pending sales in the past week held steady at 29. CDOM includes homes that were withdrawn and re-listed. Homes that went straight to Pending (meaning no contingencies) averaged 12 CDOM and those that went Active Under Contract (with contingencies ) had an average of 41 CDOM.

Twelve detached homes closed in the last week, compared to 18 two weeks ago. Average CDOM for the closed homes was 44 compared to 50 two weeks ago and they sold for an average of 97.5% of original asking price compared to 98.9% of original asking price two weeks ago, and 101.9% of current asking price compared to 99.4% of current asking price two weeks ago.

Last week I asked if this lower list to sales price ratio was a trend. It did dip again for original asking price but went up for current asking price. 

Contact Coral Gundlach Homes today at (703) 200-3631 or email [email protected] to talk more about buying or selling Arlington real estate.

This week’s Just Listed feature:

3428 South Utah Street, Arlington VA, 22203 — $845,000

3428 South Utah Street

Today’s featured listing is a unique offering in beautiful Fairlington. The Dominion is a stunning 3 BD/3 BA model loaded with light and updates. If you want this treasured community with a bigger size, this 4 level beauty is one you should not miss. Listed by Lisa Dubois and Nick Mullen of ReMax Distinctive.

Want to see more Just Listed properties? Interested in an Open House this weekend? We’re happy to show them to you privately! Click here or contact Coral Gundlach Homes.

Please note: While Coral Gundlach Homes provides this information for the community, they may not be the listing agents of these homes. Equal Housing Opportunity.

News

A Lyon Village home comes with a new restriction: no Missing Middle

By Dan Egitto
Stock photo of house keys (via Maria Ziegler/Unsplash)

A $1.2 million Lyon Village home has gone up for sale with a planned condition — it can’t be redeveloped as a multi-family residence.

“Prior to settlement, the seller will put in a covenant to restrict the property to a single family residence,” reads the Redfin posting for the four bedroom, two bathroom home built in 1954.

Go to A Lyon Village home comes with a new restriction: no Missing Middle Read more

Just Reduced Properties in Arlington

By Sponsor

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 June 24, there are 124 detached homes, 40 townhouses and 137 condos for sale throughout Arlington County. In total, 30 homes experienced a price reduction in the past week, including:

3830 30th Road N.

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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