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.
What’s going to happen to the real estate world after the 2020 COVID-19 crisis? We all wish we had that magical crystal ball.
But, according to a recent Forbes report that assesses the global landscape, we’re poised to see short-term declines followed by a “strong housing market recovery.”
The piece sites an extensive research study from the Federal Reserve Bank of Chicago and the University of Granada, with the late 90s and 2007 stock market declines as examples. Immediately following these corrections, interest rates remained low and various forms of stimulus and government support were rolled out.
We’re experiencing much of that same climate here in 2020.
A global assessment aside, it’s always important to understand the local factors and truly examine any unique purchase or selling scenario. When you’re ready to dive in, the team at Arlington Realty, Inc. is ready to help you navigate these wild times.
Until then, here are this week’s Just Reduced figures.
As of May 25, there are 162 detached homes, 30 townhouses and 109 condos for sale throughout Arlington County. In total, 24 homes experienced a price reduction in the past week:
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4101 N. Richmond Street, 22207 — NOW: $2,399,000 (Reduced $100,000 on 5/20)
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2608 3rd Street N., 22201 — NOW: $1,900,000 (Reduced $75,000 on 5/21)
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4110 40th Place N., 22207 — NOW: $1,500,000 (Reduced $375,000 on 5/22)
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2912 S. Grant Street, 22202 — NOW: $1,399,900 (Reduced $100,000 on 5/22)
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1017 N. Danville Street, 22201 — NOW: $1,150,000 (Reduced $49,000 on 5/19)
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3827 N. Military Road, 22207 — NOW: $967,000 (Reduced $28,000 on 5/19)
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888 N. Quincy Street #607, 22203 — NOW: $469,900 (Reduced $15,1000 on 5/23)
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.