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.
With national economic headlines starting to edge positive, the real estate market in Arlington County remains hot.
According to newly released April data from Bright MLS, the median sale price of homes in Arlington County increased by 5% from April 2019 to April 2020. Inventory throughout the county remains tight, with a 12% decrease year-over-year.
The list versus sale price average hovered at 100.5% and the average days-on-market is 12. The bottom line: Inventory remains tight, homes are moving quickly and pricing is strong/competitive.
The broader Washington, D.C. region has historically been anchored by high salaries, low unemployment rates and a strong infrastructure, all of which continue to positively contribute to our real estate market here.
During these certainly interesting times, when you’re ready to navigate the waters, the time-tested team at Arlington Realty, Inc. is ready to roll on your behalf.
Now, on to this week’s Just Reduced figures.
As of June 8, there are 158 detached homes, 26 townhouses and 119 condos for sale throughout Arlington County. In total, 19 homes experienced a price reduction in the past week:
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2511 16th Street N., 22201 — NOW: $2,295,000 (Reduced: $40,000 on 6/3)
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3806 N. Dittmar Road, 22207 — NOW: $1,778,300 (Reduced: $51,700 on 6/2)
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2355 N. Lincoln Street, 22207 — NOW: $1,620,000 (Reduced: $25,000 on 6/2)
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30 N. Garfield Street, 22201 — NOW: $1,399,900 (Reduced: $49,100 on 6/6)
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2855 11th Street N., 22201 — NOW: $1,199,000 (Reduced: $26,000 on 6/3)
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2710 N. Wyoming Street, 22213 — NOW: $974,000 (Reduced: $11,000 on 6/4)
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1050 N. Taylor Street #1-603, 22201 — NOW: $415,000 (Reduced: $10,000 on 6/6)
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.