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 — it’s rainy and soggy out, but at least the temps are above freezing! What lovely weather for my ##’nd birthday…!
Quick update on mortgage rates; they remain flat, and now we’ve had three weeks of hovering right at about 3.5% on a 30-year fixed rate mortgage. Frenzied market condition continues (SURPRISE) and the words in the halls of real estate brokerages are “price escalation,” “no contingencies” and “cash offer.”
Remember, cash offers make up less than 10% of transactions locally, but they are out there, and they are winning. Having said that, if you’re a buyer and you’re looking for an expert to help you get a competitive advantage, CALL ME as we’ve got programs in place to help you compete against the cash offers and win. You can reach me at (703) 203-1117.
Inventory in the county shifted around a lot due to buyer and seller activity, but available units is unchanged from last week — sitting at just 237. That’s barely over a month’s worth of supply!
Sellers listed 61 homes in the past week, up six from the prior week, and buyers ratified 54 contracts, 23 of which were on homes listed in the last seven days.
Of the 237 homes currently available for sale, 58 are detached homes, 20 are semi-detached/townhomes, and the remaining 159 are condominiums. These properties range in price from $100,000 all the way up to $3,850,000.
Average list price for currently available homes is $855,272, and the median price is $559,000. These homes have been on the market for an average of 77 DOM (days on market) and a median of 49.
This week last year, there were 374 homes available for sale throughout the county. Sellers had listed 64 homes for sale and buyers ratified 41 contracts.
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.
- 2720 S. Arlington Mill Drive #304, Arlington, VA 22206 — $559,000
- 3911 9th Road S., Arlington, VA 22204 — $599,900
- 2126 N. Brandywine Street, Arlington, VA 22207 — $615,000
- 4915 25th Street S., Arlington, VA 22206 — $742,999
- 851 N. Glebe Road #511, Arlington, VA 22203 — $750,000
- 2525 S. Kenmore Court, Arlington, VA 22206 — $850,000
- 1719 N. Nelson Street, Arlington, VA 22207 — $1,700,000
- 1314 N. Stafford Street, Arlington, VA 22201 — $1,749,000
