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.
Welcome Arlington, to this week’s edition of JUST LISTED! As always, thanks for reading!
I learned this week that agents read my column alongside fellow Arlingtonians! I am glad to be providing valuable market information and insight to not just residents and prospective residents, but also to my Realtor colleagues throughout the DMV.
We’re starting to get questions about how the conflict in Ukraine may impact housing, rates, etc. The reality is that geopolitical things, especially of that scale, do impact us here. Having said that, it’s been well publicized and anticipated for weeks, so I predict we will not see much further impact on the housing market, at least in the short term.
In fact, mortgage rates may even decline now after rising based mostly on anticipation… This week Andors Real Estate Group has another lovely new listing to tell you about, our PICK OF THE WEEK — 2319 S. Inge Street, Arlington, VA 22202 — $1,359,000.
Welcome home to this gorgeous, stately and expanded Arlington Colonial! Boasting mature landscaping, a fully fenced backyard and alley access with a single-car detached garage, this is not one to miss. Four finished levels, four bedrooms, three full bathrooms, one half bathroom and a stunning, open concept gourmet kitchen renovation. The luxurious, spa-inspired owner’s suite looks straight out of a home magazine.
An enviable large, screened porch is accessible from the expanded living area and overlooks the serene backyard. Gleaming hardwoods throughout, multizone heating and air conditioning systems, high efficiency windows, doors and so much more. Immaculately maintained, thoroughly updated and completely turn-key, this is the move-up home you’ve been waiting for!
You can find my team here Saturday and Sunday afternoon for the public Open Houses, 1-4 p.m.
Mortgage rates decreased very slightly this week, 3 basis points, to an average of 3.89%. As I mentioned last week, it is not uncommon for buyers to be quoted over 4% for pre-approvals and when locking in their mortgages once under contract.
Despite more frenzied buyer activity this past week, listing inventory is up by nine properties, to 230. That’s not exactly anything to write home to mom about, but hey, at least buyers have a few more properties to choose from!
Sellers listed 74 homes for sale over the past week, 14 more than the week before, and buyers ratified 54 contracts, 23 of these were on homes that spend seven days or less on the market. Of the 230 homes currently available for sale, 45 are detached homes, 26 are semi-detached/townhomes, and the remaining 159 are condominiums. These properties range in price from $100,000 all the way up to $3,750,000.
Average list price for currently available homes is $787,481, and the median price is $492,000. These homes have been on the market for an average of 72 DOM (days on market) and a median of 33.
This week last year, there were 363 homes available for sale throughout the county. Sellers had listed 75 homes for sale and buyers ratified 61 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.
- 1111 Arlington Boulevard #815, Arlington, VA 22209 — $129,000
- 3000 Spout Run Parkway #C407, Arlington, VA 22201 — $305,900
- 1639 S. Barton Street #9, Arlington, VA 22204 — $400,000
- 6916 Fairfax Drive #110, Arlington, VA 22213 — $449,999
- 2520 Fairfax Drive #4DIII, Arlington, VA 22201 — $899,900
- 2327 N. Powhatan Street, Arlington, VA 22205 — $1,148,000
- 5059 26th Road N., Arlington, VA 22207 — $1,250,000
- 2319 S. Inge Street, Arlington, VA 22202 — $1,359,000