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.
How will the COVID-19 pandemic permanently affect the real estate realm? The dust is certainly still settling, and a variety of folks are certainly weighing in.
According to Javier Vivas, Director of Economic Research with Realtor.com, he says that on a national level that “the near-term impact to real estate activity (next 3 to 6 months) comes as open houses on new and existing homes are being halted, shifted to virtual channels, or drastically reduced and set on an appointment-basis only.”
He adds, in terms of the mid-term impact (next 6 to 18 months), “there will be lower buyer and seller sentiment, sustained disruptions to new and existing supply and sales funnel, and further declines in affordability from job and income loss affecting consumers.”
Amid the shifting tide, there will certainly be opportunities. Different communities will certainly be experiencing different things, throughout our county, state and country.
During this time, it has never been more important to have a trusted local expert by your side to help assess your unique scenario. What we experience here in Arlington County may not apply to what’s happening even just miles away.
When you’re ready to dive in to an existing or prospective real estate move, the team at Arlington Realty Inc. is ready to advocate for you. In the meantime, here are the latest Just Reduced facts and stats.
As of May 11, there are 141 detached homes, 33 townhouses and 100 condos for sale throughout Arlington County. In total, 10 homes experienced a price reduction in the past week:
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3616 N. Upland Street, 22207 — NOW: $2,449,900 (Reduced: $49,100 on 5/5)
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4731 34th Street N., 22207 — NOW: $2,199,000 (Reduced: $100,000 on 5/7)
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4941 N. Little Falls Road, 22207 — NOW: $1,599,000 (Reduced: $100,000 on 5/7)
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1727 S. Army Navy Drive, 22202 — NOW: $1,285,000 (Reduced: $63,000 on 5/8)
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2746 S. Fort Scott Drive, 22202 — NOW: $1,199,000 (Reduced: $26,000 on 5/11)
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2127 S. Oakland Street, 22204 — NOW: $699,900 (Reduced: $20,100 on 5/8)
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3536 S. Stafford Street #A2, 22206 — NOW: $488,000 (Reduced: $1,000 on 5/5)
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.