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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.
Hello Arlington, and welcome to this week’s JUST LISTED column!
For 10 weeks in a row, inventory has been on the rise, giving buyers more to choose from and causing sellers to stress out as the market continues to change. Additionally, after three weeks of mortgage rate declines, the 30-year fixed rate mortgage average increased 1/8 of a point, to an average of 5.23% over the past week.
As we approach 400 properties available throughout the county, it’s worth mentioning that inventory has risen 40% in the past 15 weeks, and yet we’re still way short of where we were this time last year.
There are 396 properties available for sale in Arlington as of today, an increase of 22 properties. 132 of these are detached homes, 43 are semi-detached/town homes, and the remaining 221 are condominiums.
This past week, sellers listed 103 homes for sale, an increase of 29 more from the week prior, while buyers ratified 63 contracts, an increase of 11. 31 of the ratified contracts were on homes just listed within the past seven days! Average asking price of currently available homes is $936,049 and the median is $675,000. Currently available homes have been on the market for an average of 43 days and a median of 22 days.
COMPARISON — there is a tremendous difference between properties FOR SALE and properties UNDER CONTRACT when it comes to what their statistics look like! Currently UNDER CONTRACT homes took a median of seven days and an average of 30 days to go UNDER CONTRACT. The median tells the story, and those that go under contract do so in 1/3 of the time!
This week last year, rates were sitting at 2.96%, sellers has listed 125 homes for sale and buyers ratified 107 contracts. There was a total of 544 properties for sale!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out.
Celebrating its 75th year in educating students, and tucked into the Cherrydale neighborhood of Arlington, St. Agnes School is more than just a school, it is a community.
Traditionally, at capacity St. Agnes’ expanded, new facilities have openings for a few students within the 2022-2023 Kindergarten class. Students from Pre-K thru 8th grade know not just their friends’ names, but the names of their friends’ siblings as they pass them in the halls.
Saint Agnes offers a 10:1 student-teacher ratio, a 95% faculty retention rate and provides a full-time nurse and school counselor on-site daily. For the younger students, classroom aides are in place for Pre-K-1st grade. Upper school students are offered a choice in foreign language — uncommon for most local Catholic schools in the area.
Our students play on CYO sports teams, participate in the theatre program and band. In addition, there are myriad afterschool activities to choose from including Odyssey of the Mind, Robotics Club, Boy Scouts, Girl Scouts, School Dances, afterschool care and more. Students serve their community; grow in their faith, challenge themselves with academic rigor while bringing joy to Saint Agnes.
We welcome you to tour Saint Agnes and see what we are about.
You can schedule a tour by calling 703-527-5423 x101 or visiting our website at school.saintagnes.org. We have spaces available for the incoming 2022/2023 Kindergarten class, and welcome families of all faiths to explore our school and be a part of the St. Agnes School community.
This sponsored column is by Law Office of James Montana PLLC. All questions about it should be directed to James Montana, Esq., Doran Shemin, Esq., and Laura Lorenzo, Esq., practicing attorneys at The Law Office of James Montana PLLC, an immigration-focused law firm located in Arlington, Virginia. The legal information given here is general in nature. If you want legal advice, contact us for an appointment.
Note: In this Guest Essay, our anonymous friend, Prof. Erasmus, explains his rather unusual thoughts about U.S. asylum law, which — of course — we do not endorse or even pretend to understand. If you like Prof. Erasmus’s work, stay tuned, because he intends to make this a regular feature. We’ll see if he intends to pay our advertising bill.
I, Professor Erasmus, read your newspapers, your books, even your advertising features, and I have noticed a disturbing trend: everyone hates American immigration law. One side says that U.S. immigration law is far too permissive; the other side says that it is far too restrictive. Both sides say that U.S. immigration law is “broken,” Both sides are completely mistaken. I am here, in all Christian mildness, to correct that. I am here in praise of folly.
Let us begin by explaining the rules of the game. Law should not be judged by what it says it does, but by what it actually does. What does U.S. immigration law actually do? Here is what it does: it permits certain kinds of people to enter the United States, where they are (usually) happier, more productive and richer than they were before.
Who gets to enter? Three kinds of people:
People Who Actually Qualify As a Matter of Law
U.S. immigration law pretends that this is the only category of people permitted to enter. Tripe! People who qualify are of course permitted to enter, but they aren’t the only ones.
People Who Do Not Qualify, But Fool Consular Officials
A common way to immigrate to the United States is to fool a consular official at a visa interview. This is not easy, because most consular officials are not fools. To fool a consular official, you have to be able to tell a story about how you intend to come temporarily to the United States. That story may be false, but it must be consistent, credible and persuasive. Telling such a story requires being smart and resourceful.
People Who Do Not Qualify, But Fool Border Officials
Another common way to immigrate to the United States is to fool a border official at a credible fear interview. The ostensible purpose of a credible fear interview is to determine whether there is a “significant possibility” that the applicant will someday qualify for asylum under U.S. law.
Passing a credible fear interview is easier for some and harder for others. If you present yourself at the U.S. border with Canada and state that you fear Justin Trudeau’s spelunking habit, you will be denied entry. But if you present a story that is consistent, credible and persuasive, your odds of being admitted are actually quite high. Telling such a story requires being smart and resourceful.
So far, I have demonstrated that a certain kind of person is permitted to enter the United States. That person is either (a) actually qualified as a matter of law, or (b) smart and resourceful. In my next article, I will explain how the law intends to treat people in category (b), and how, in practice, the legal system operates to their advantage.
Questions? Ask, if you like. I have no confidence that the legal commentariat will understand me, but I expect slightly better things from ARLnoow readers. Try not to disappoint me.
Arlington’s Amazon HQ2 bid brought the issue of workforce front and center for future economic development projects. As Arlington’s tech ecosystem continues to grow, so does the opportunity to innovate workforce development programs.
Arlington Economic Development (AED) is proud to announce a new workforce development program, the Arlington Talent Pilot Program, supporting Arlington residents and businesses. The Program provides companies with an increase of local talent by offering Arlington residents experiential opportunities in the tech industry.
“Arlington is home to both a highly educated workforce and many fast-growing tech companies. We know there are residents who may have the interest, but perhaps no formal tech background,” said Marian Marquez, Arlington Economic Development’s director of business investment. “This Program will support aspiring Arlingtonians in developing in-demand skills for a career in technology through a paid, experiential learning program.”
What is the Arlington Talent Pilot Program?
The Arlington Talent Pilot Program, funded by the American Rescue Plan Act, will provide 10 Arlington residents the opportunity to gain valuable software development experience and a pathway into a technology career.
Arlington-based Exelaration, the #2 tech and engineering internship provider in the U.S., will deliver these results through experiential learning and software development mentorship. The Program is designed to accommodate career changers and others without a traditional higher education background in tech. Rather than requiring 4-year college, the application process and Program emphasize skills, capabilities and aptitude.
How does it work?
The Arlington Talent Pilot Program connects aspiring software developers with temporary, full-time paid positions at Exelaration, where they develop essential tech industry experience under expert mentorship. Program participants work on real-world client projects and learn industry best practices through instruction and mentorship.
There are several ways for companies and organizations to get involved, including events, networking, projects, donations, lectures and more. Interested companies and organizations can learn more through Exelaration’s partnership page.
How to Apply
Those interested in learning more about applying for the Arlington Talent Pilot Program can do so directly through Exelaration’s applicant portal. The application portal closes on July 1, and the first cohort begins on September 6, 2022. Applicants must be Arlington, Virginia residents, and no secondary degree is required.
About Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community, and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development. For more information, visit arlingtoneconomicdevelopment.com.
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.
As of June 6, there are 155 detached homes, 46 townhouses and 236 condos for sale throughout Arlington County. In total, 46 homes experienced a price reduction in the past week, including:
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.
This regularly scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Video summaries of some articles can be found on YouTube on the Ask Eli, Live With Jean playlist. Enjoy!
Question: What type of property appreciates faster — condo, townhouse, or single-family?
Answer: Since 2012, the data is clear — single-family homes appreciate the fastest, followed by townhouses/duplexes, and then condos. Since 2012, the average single-family home has appreciated 69% compared to 27% for condos.
This pattern was true before the pandemic market sent single-family home prices through the roof (see 2016/2018 numbers below), but was amplified over the last two years as demand intensified for single-family homes.
South Arlington Appreciating Faster Than North Arlington
Based on appreciation since 2012, South Arlington has been a better investment than North Arlington for all three property types. I expect that trend to continue as new construction picks up steam in South Arlington, Columbia Pike development continues to thrive, and Amazon HQ2 expands hiring.
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 Arlingtonians, welcome to Just Listed and as always, thanks for reading!
Inventory has continued to rise, we’re now on a nine-week run, up about 33% in that timeframe!
Mortgage rates technically declined, sitting at 5.09% for a 30-year fixed rate mortgage. Three weeks in a row of declines continues to bring a bit of reprieve for buyers, but these rates have simultaneously pushed many out of the market. I spoke with a couple lenders yesterday who told me they are able to quote well qualified purchasers just under the 5% mark as of the past few days.
Arlington is up to 374 pieces of currently available inventory throughout the county; this includes all property types that are fully available for sale, up from 360 last week. 121 of those are detached homes, 42 are semi-detached/town homes, and the remaining 211 are condominiums.
This past week, sellers listed 74 homes for sale while buyers ratified 52 contracts, 16 of which were on homes just listed within the past seven days.
Average asking price of currently available homes is $922,578 and the median is $650,999. Currently available homes have been on the market for an average of 43 days and a median of 22 days.
Welcome home to this private three-bedroom, two-bathroom home situated on a private 6,011sf lot! You’ll love the quartz countertops in the kitchen, recently renovated bathrooms, and an easy, open floor plan. Driveway parking for up to four cars, a private backyard with two large decks and plenty of room for growing veggies! Freshly refinished hardwood floors on the main level, lower level has brand new carpeting, freshly painted throughout and entirely move-in ready.
Find me here this Saturday from 1-4 p.m. for a public open house.
This week last year, rates were sitting at 2.99%, sellers has listed 110 homes for sale and buyers ratified 66 contracts. There was a total of 543 properties for sale!
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out.
Address:6132 12th Road N. Neighborhood: Madison Manor Listed: $850,000 Open: Sunday, June 5 from 1 to 4 p.m.
Adorable, affordable, Arlington classic with a big screen porch for lazy day lounging or weekday working from home. Recent updates include gas furnace, gas water heater, gutters, microwave and fresh paint.
The long living room is anchored by a wood burning fireplace and accommodates a desk or several seating areas. A French door opens to the screened porch and the lushly landscaped yard — complete with garden shed. A breakfast bar separates the dining room from the kitchen, and a wall of built-ins provides cabinet storage and display shelving for the dining room. Crisp white cabinets, granite countertops and stainless appliances — including a gas range — will appeal to cooks of every skill set. And a door from the kitchen to the driveway makes it easy to bring groceries and packages directly into the home.
Wood floors extend from the main level to the upstairs. The primary bedroom has a fitted closet and seating area while the second and third bedrooms each have space for a desk or reading nook. The updated hall bathroom and linen closet complete this level. Downstairs the rec room has space for media, play, and workouts while an office niche is a private spot for zooming. A big laundry room with utility sink, and a storage and utility room are also on this level.
The home is blocks from Madison Manor Park, and the bike and walking path to either East Falls Church or Ballston Metro. The home is near Westover Village and the shops and restaurants along Wilson Blvd. Easy daily or occasional commute to D.C., Tysons, Dulles Tech Corridor, Pentagon, Fort Myer, and National Landing’s Pentagon and Crystal Cities. The home is in the Cardinal, Swanson, Yorktown school zone.
Grab a rung on Arlington housing ladder with this character filled home in move-in condition.
On May 25, at the SWaMmy Honors in Richmond, Virginia, Casual Adventure was recognized as a 2022 SWaMmy Honoree for its legacy in Arlington going back 77 years.
Recognized as a 2022 SWaMmy Honoree for its longstanding commitment to Arlington, Casual Adventure is a family-owned small business founded at its current location along Washington Boulevard in 1945. Eric Stern currently operates the company, the fourth generation of Sterns to own Casual Adventure. In 1945, it was called The District Grocery Store, founded by Eric Stern’s great grandfather. “Our store has always been a family business focused on our community, and our staff shares this sentiment,” said Stern.
In the mid-1950s, Eric’s grandfather took over the store and changed the name to The Surplus Center. He altered the product mix from groceries and focused on Army and Navy surplus. After running a successful business for 30 years, Eric’s father took over the company, changed the name to Casual Adventure and added outdoor fitting brands.
Eric Stern has been at the helm of Casual Adventure for more than twenty years and has added sporting goods to the product mix, which many Arlingtonians think of as the Casual Adventure of today. “I’m constantly amazed by how our little footprint continues to make such a large impact. But I’m also reminded that I get to stand on the shoulders of those before me and those around me,” said Stern.
Of course, being in business for 77 years, the Stern family has seen their fair number of challenges. “Each of us faced our challenges: starting a business as an immigrant, living with multiple sclerosis, passing away from a brain tumor, staying relevant in an ever-changing society, just to name a few,” said Stern. However, each generation succeeded by tailoring the business to their strengths.
“I am honored to carry on the traditions set before me — a genuine interest and participation in local activities and organizations, a friendly and sincere engagement with our customers, an ability to adapt and overcome obstacles, and a sense of responsibility to perpetuate these life lessons,” said Stern.
For more information about Casual Adventure, stop by the store located at 3451 Washington Blvd., or check out the online store at www.casualadventure.com.
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.
As of May 30, there are 140 detached homes, 39 townhouses and 233 condos for sale throughout Arlington County. In total, 21 homes experienced a price reduction in the past week, including:
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.