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.
Wow — Arlington available inventory contracted 9% in just one week. That means we have the lowest available inventory in Arlington in 13 weeks. There are 467 available properties for sale in Arlington.
If you want a single-family home, you’ve got the least amount to choose from in at least six months. With just 106 on the market, the demand continues to be unparalleled. Condos — well, that inventory, which had exploded throughout the year, is down by 15% in the past four weeks. Townhomes/semi-detached properties make up 47 of the available properties this week.
Days on market (DOM) continue to creep up, but there is more to that story. The average for currently available homes is 73 while the median is 56. Take a look at the numbers for properties that went under contract this week, and there’s a stark contrast. The average for those just put under contract is 36, and the median just 15.
This week, sellers listed 31 homes and buyers ratified 46 contracts. 10 of those contracts were on homes listed within the past week. Last year for the same week, sellers listed 33 homes and buyers ratified 44 contracts.
The median list price of currently available inventory in Arlington is $525,000 and the average is $746,790.
This week last year, Realtor.com made some predictions about what the 2020 market would look like. While they couldn’t have predicted the economic upheavals surrounding COVID-19, our local market outperformed their estimates, as did the nation as a whole. Realtor.com predicted median home prices would rise less than 1%, but they’ve risen more than 15% since last year. They also predicted we would have about 2% fewer existing home sales, but, in fact, we’ve had over a 26% increase.
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 I think you might like to check out…
- 1200 S. Arlington Ridge Road #508, Arlington, VA 22202 — $239,000
- 4201 Lee Highway #709, Arlington, VA 22207 — $369,900
- 1024 N. Utah Street #317, Arlington, VA 22201 — $399,000
- 888 N. Quincy Street #1904, Arlington, VA 22203 — $597,000
- 1021 N. Garfield Street #1030, Arlington, VA 22201 — $600,000
- 2350 S. Pierce Street, Arlington, VA 22202 — $975,000
- 6400 28th Street N., Arlington, VA 22207 — $1,649,000
- 3118 17th Street N., Arlington, VA 22201 — $1,995,000