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.
Alarm bells are ringing across the country — we’re hearing about new construction declining over 20% which represents the biggest monthly decline since 1984.
This is not representative of Arlington’s housing market, however. Transactional volume is down, but the transactions that are occurring are reminiscent of pre COVID-19 times. Abundant showings during the first few days of marketing, resulting in one or more offers for new properties and almost half of the new inventory being absorbed in the first seven days. Most of the homes that don’t sell the first week will sell the second week of marketing.
Companies that support and play an integral role in the real estate industry are getting creative to keep clients and staff safe, and I experienced a first this week — a “curbside settlement.”
KVS Title with many D.C. area locations was up to the challenge. Attorney Joe Moreno, located in KVS’ Arlington office, met us outside, wearing his own PPE and handed us a package through our car window. He stood outside a safe distance away, able to answer questions as we worked through the medium stack of seller-side settlement paperwork. We kept the pen, handed the paperwork back and, voila, settlement complete without stepping foot in an office building!
PICK OF THE WEEK — The Andors Real Estate Group is proud to have Just Listed 2524 S. Fort Scott Drive, Arlington, Virginia 22202 — $995,000. This is a rare opportunity to own a 4 bedroom, 3 bathroom brick Cape Cod on coveted Fort Scott Drive. This lovely home is sited up from the street and has an oversized lot, almost 10,000SF. Call me for an appropriately social-distanced tour — (703) 203-1117.
There are currently 232 homes for sale in Arlington. 131 are detached homes, 25 are townhouses/semi-detached, and 76 are condos. Average days on market (DOM) is 55, though median DOM is 29. Both of these numbers crept up from last week, from 51 and 21, respectively. The average days on market this week last year was just 19 days!
Sellers listed some 44 properties for sale this week, down from 60 last week. Buyers ratified 39 contracts, 19 of which were homes that had been on the market one week or less. The median list price of available properties is $1,020,000, while the average is $1,172,599.
Last year for the same week, sellers listed 88 homes and buyers ratified 76 contracts. Those numbers are about double what we’re seeing for this week.
Click here to search currently available Arlington real estate. Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight homes that are new this week that I think you might like to check out.
- 1300 S. Army Navy Drive #124, Arlington, VA 22202 — $275,000
- 3524 S. Wakefield Street #B1, Arlington, VA 22206 — $365,000
- 817 Adams Street S., Arlington, VA 22204 — $819,000
- 2524 S. Fort Scott Drive, Arlington, VA 22202 — $995,000
- 4011 N. Nelly Custis Drive, Arlington, VA 22207 — $1,089,000
- 1601 23rd Street S., Arlington, VA 22202 — $1,250,000
- 2025 S. Lynn Street, Arlington, VA 22202 — $1,375,000
- 1301 19th Road S., Arlington, VA 22202 — $1,575,000