real estate

Just Listed in Arlington

By ARLnow.com Sponsor

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.

Purchase demand has now completely returned to pre-crisis levels!

According to Freddie Mac, it took 10 years after the Great Recession for demand to rebound, but it only took 10 weeks for the numbers to return since March. We know that here in Arlington the Great Recession didn’t affect us as deeply or for as long, but it’s highly encouraging to see such a quick rebound this time. This is attributable to many things, but the biggest contributors are rock-bottom low interest rates and pent-up demand.

Sellers listed some 75 properties for sale this week while buyers ratified 66 contracts. 33 of the ratified contracts were on homes that had been on the market one week or less. Again, half of brand-new inventory gets scooped up in the first seven days on market. Buyers, if you’re looking for the nicest, newest home prospects, you’ll have to get out there the minute it hits the market before it’s too late!

For sellers, it’s good to know that demand has remained consistently high despite the COVID-19 pandemic and lockdown. If you have been on the fence about whether or not to sell now, the answer is yes. Contact us for guidance on how to do it right.

There are currently 294 homes for sale in Arlington, eight more than last week. 130 are detached homes, 26 are townhouses/semi-detached, and 138 are condos. Average days on market (DOM) is 44 and median DOM is 30.

The median list price of currently available properties is $946,950, while the average is $1,102,655. Last year for the same week, sellers listed 61 homes and buyers ratified 53 contracts.

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.

Listing of the Day: 5517 Fairfax Drive

By ARLnow.com Sponsor
1/10

Address: 5517 Fairfax Drive
Neighborhood: Westover Park
List Price: $965,000

First time on the market in over 40 years! Expanded and updated home located in sought after Westover Park.

A beautifully constructed main level family room and master bedroom suite addition, and many recent updates make this spacious home very appealing for the savvy buyer. This 4 bedroom, 3 bath, home is situated on over 1/4 acre lot and only 1.1 miles to the Ballston Metro, under 1 mile to the Westover Village and across the street from W&OD/Custis Trail.

Recent updates include dual zone HVAC, roof and siding, hot water heater, washer/dryer, windows, recessed lighting, Nest thermostats and gas fireplace. Special features: hardwood floors, eat-in kitchen, and dining room, family room has vaulted ceilings, skylight, and a corner wood stove. Fabulous master bedroom suite with a vaulted ceiling with exposed beams, walk-in closet and a new luxurious bathroom.

The second floor has three large bedrooms and 2nd full bathroom, and the finished lower level offers a rec room, 3rd full bath, heated tile floors and laundry/storage rooms. The huge fenced rear yard is one of the largest in the neighborhood — perfect for summer BBQs or play, expansive rear deck, over sized shed plus access to private driveway.

Listed by:
Keri O’Sullivan, ABR, GRI
Real Estate Broker
RE/MAX Allegiance
C: 703-395-4099
O: 703-522-1940
[email protected]
www.OSullivanProperties.com

Morning Notes

By ARLnow.com

Amazon Nears Thousandth HQ2 Hire — “Even amid the region’s economic shutdown, Amazon has still been staffing up its HQ2 offices in Arlington, quickly approaching its 1,000th hire at the second headquarters campus, said Brian Kenner, head of HQ2 policy. ‘We’ve been very happy with the caliber of candidates,’ Kenner said.” [Washington Business Journal]

Pandemic Making Single-Family Homes Pricier — “Could the bloom be off the rose when it comes to urban (or urban-village) living? Figures are preliminary at best, but there is some inkling that the COVID-19 pandemic may be changing patterns among home-buyers. ‘Relatively better performance of single-family homes in relation to multi-family condominium properties clearly suggest migration from the city centers to the suburbs,’ said Lawrence Yun, chief economist of the National Association Realtors, in parsing sales data from May.” [InsideNova]

New Arlington Poet Laureate — “Award-winning poet and Marymount University professor Holly Karapetkova has been selected as the second Poet Laureate of Arlington County. During her two-year appointment, which begins July 1, 2020, she will serve as an advocate for poetry and the literary arts, working to raise Arlingtonians’ consciousness and appreciation of poetry in its written and spoken forms.” [Arlington County]

Snubbed Business Owners Speak Out — “ASAP Screen Printing is a small business. Yet the Arlington County government did not find the company small enough to deserve assistance during the COVID-19 pandemic, instead providing grants to the likes of” hotels and franchisees of chain restaurants like Subway and Jimmy John’s, writes ASAP owner Mohammad Shiekhy. [InsideNova]

Toppled Tree Knocks Out Power to Neighborhood — A large tree fell, took down utility lines, and knocked out power to more than 100 homes in North Arlington’s Bellevue Forest neighborhood last night. [Twitter]

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

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.

Among this week’s quirky holidays (tomorrow is National Catfish Day, FYI), today is Swim a Lap Day.

During a given year, you could throw on your swimming trunks, lather on the sunscreen and hit the pool closest to you with few questions asked. Of course, this is 2020 and we are in the middle of a pandemic… so things are a little more complicated.

On June 12, pools in Northern Virginia generally opened under tight restrictions and limited capacities. Unfortunately, many county-run pools and water parks remain closed and some, Ocean Dunes Waterpark for example, have announced they won’t be opening this summer at all.

With a number of outdoor lovers in our office alone, we know how important a dip in the pool or lounge in a jacuzzi is for some folks.

Amid the current climate, if a pool/hot tub/jacuzzi or any unique feature is what you desire most, let’s find that perfect residence together. When you’re ready to dive into a real estate journey, the team at Arlington Realty Inc. is ready to roll.

In the meantime, on to this week’s Just Reduced figures:

As of June 22, there are 156 detached homes, 38 townhouses and 143 condos for sale throughout Arlington County. In total, 22 homes experienced a price reduction in the past week.

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.

Listing of the Day: 1015 21st Street S.

By ARLnow.com Sponsor
1/10

Address: 1015 21st Street S.
Neighborhood: Addison Heights
Listed Price: $1,624,250
Tour: Virtual & Private Tours Available

Classic Cottages has just listed its newest Fillmore Model in Addison Heights, located near Amazon’s future HQ2. This gorgeous home includes 6 bedrooms, 6.5 bathrooms and 5,786 finished sq. ft. across four spacious levels.

Beautiful live sawn hardwood floors warmly welcome you inside as soon as you walk through the front door. Large black-cladded windows fill each room of this home and you notice this as soon as you turn from the foyer into the bright home office full of natural light! Working from home appears to be a new normal these days. Having a space where you can work in peace is important!

Eating together around the table for all meals is emphasized in this new home with a beautiful dining room located in the heart of the main level that can easily accommodate eight people. A butler’s pantry fully equipped with cabinetry and sink as well as a walk-in pantry connects the dining room to the kitchen.

Open concept living is seamless between the gourmet kitchen and great room. A gorgeous stone fireplace completes the space as the main focal point. Sliding doors take you from the great room to the large rear deck perfect for summer snoozes in your favorite lounge chair.

The second level includes a laundry room with cabinetry and sink, three secondary bedrooms each with private baths, and a luxury master suite! You’ll feel like you are living in a luxurious resort with the crisp, clean lines of the white and gray details in this gorgeous bath.

The loft level is a popular favorite amongst buyers who are looking for that “wow factor”. The loft level itself is 982 sq. ft.! One bedroom with full bath is located right beside the giant loft entertainment room space perfect as a guest suite! Don’t forget this home has four levels. On the lower level, a spacious entertainment room and wet bar are perfect for entertaining family and friends.

Contact Classic Cottages today to schedule a private tour or take the virtual tour online today.

Schools: Oakridge Elementary School, Gunston Middle School, Wakefield High School

Listed by:
Michelle Lynch
Classic Cottages Realty LLC
433 E Monroe Avenue
Alexandria, VA 22301
Phone: 571-366-3324
[email protected]
www.ccottages.com

Ask Eli: Black Lives Matter

By ARLnow.com Sponsor

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. Enjoy!

Answer: I was proud of the statement ARLnow and the rest of the Local News Network (LNN) sites made on Friday, taking a public stance supporting the Black Lives Matter movement.

Do people care what I think?

I honestly didn’t think so, but it has become clear to me over the last couple of weeks that taking a stance on the BLM movement is important to many of my colleagues, friends, neighbors and clients. For them, I want to state it in my most public forum: BLACK LIVES MATTER.

There are too many people better equipped to write/talk about the topic than me, so I will simply link to couple of them.

A few years ago, a close friend recommended Between the World and Me by Ta-Nehisi Coates and it had a profound impact on my understanding of privilege and systemic racism. The audiobook is narrated by the author, making his words even more powerful.

I have called RLAH Real Estate home for my entire real estate career and one of the things I’m most proud of is the incredible diversity across our 250+ agents in the DMV. Our leadership has done an excellent job of encouraging productive conversations about current events and taken strong public stands supporting BLM. I’d like to share this <5 minute video featuring stories from some of my colleagues as it relates to race in real estate.

If you’d like a question answered in my weekly column or to set-up an in-person meeting to discuss local real estate, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at (703) 539-2529.

Eli Tucker is a licensed Realtor in Virginia, Washington D.C., and Maryland with RLAH Real Estate, 4040 N. Fairfax Dr. #10C Arlington, VA 22203, (703) 390-9460.

Morning Notes

By ARLnow.com

D.C. Now More Expensive Than Arlington — “D.C. has bumped Arlington County, Virginia, from the top of the most-expensive area jurisdictions by county for median home-selling prices — at least for the month of May. Long & Foster reports the median price of a home that sold in the District in May was $656,000, 10% more than May of last year. The median price of a home that sold in Arlington County was $646,000, up 4%.” [WTOP]

Lower Census Response Rate Than 2010 — “In 2010, 74% of Arlington households filled out their Census form and returned it by mail, which was the only option at the time. In 2020, despite being able to fill out the Census online, by phone and by mail, Arlington’s self-response rate is hovering at just over 70%.” [Arlington County]

Missing: BLM Banner — Someone took a Black Lives Matter banner that had been hanging on a pedestrian bridge over Route 50, and its creator wants it back. [Twitter]

JBG Wants to Improve VRE Station Plan — “JBG Smith Properties could soon play a key role in a second major transportation improvement project in Crystal City, performing design work to beef up plans for a new Virginia Railway Express station there. The developer is advancing a plan to manage the construction of a second entrance for the nearby Crystal City Metro station, and this work on the VRE designs would be closely tied to that effort.” [Washington Business Journal]

Another Unique Feat for Wardian — Arlington ultramarathon runner Michael Wardian ran 62.3 miles to every District Taco in the D.C. area, eating tacos along the way. [Instagram]

Open Houses in Arlington This Weekend

By ARLnow.com Sponsor

Looking for a home? There are plenty of houses and condos open for viewing this weekend.

Check out the Arlington Realty website for a full list of homes for sale and open houses in Arlington. Here are a few highlights:

2920 N. Underwood Street
6 BD/6 BA single-family home
Agent: Berkshire Hathaway Homeservices Penfed Realty
Listed: $1,739,900
Open: Saturday 12-5 p.m.

 

4925 Old Dominion Drive
6 BD/5 BA, 1 half bath single-family home
Agent: Optime Realty
Listed: $1,550,000
Open: Virtual Tour/Sunday 2-4 p.m.

 

3401 N. Emerson Street
3 BD/2 BA, 1 half bath single-family home
Agent: Century 21 New Millennium
Listed: $1,387,800
Open: Virtual Tour/Saturday 1-3 p.m.

 

3924 N. Upland Street
3 BD/3 BA single-family home
Agent: McEnearney Associates, Inc
Listed: $1,100,000
Open: Sunday 2-4 p.m.

 

5517 Fairfax Drive
4 BD/3 BA single-family home
Agent: Re/Max Allegiance
Listed: $965,000
Open: Virtual Tour/Sunday 1-4 p.m.

 

2305 N. Kentucky Street
4 BD/2 BA single-family home
Agent: Glass House Real Estate
Listed: $849,900
Open: Virtual Tour/Sunday 2-4 p.m.

 

322 S. Cleveland Street
2 BD/2 BA single-family home
Agent: Rlah Real Estate
Listed: $675,000
Open: Sunday 1-4 p.m.

Just Listed in Arlington

By ARLnow.com Sponsor

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.

It was a blockbuster week in Arlington real estate, and we continue our upward trend of increased activity!

Sellers listed some 86 properties for sale this week while buyers ratified 72 contracts. 44 of the ratified contracts were on homes that had been on the market one week or less. What a crazy metric — over half of brand-new entrants to the market went under contract in less than seven days and yes, it’s correct that many of those received multiple offers!

I’m continuing to watch the numbers in Arlington go up week over week, and we’re close to eclipsing what we were doing this time last year in many metrics. The unsatisfied demand of buyers throughout the spring is about to explode! Add another new low in mortgage rates, now below 3% in many instances, and we’re heading into a very busy summer for Arlington.

Traditionally, things slow just a bit from the highs of the spring, but this year will be much different. Plans were put on hold during the pandemic, but as restrictions continue to ease, expect to see more real estate signs and open house visitors.

Consumer confidence is coming back quickly, though to be honest it barely left the Arlington housing market at all. Internet traffic, showings, mortgage applications and closings are all on the rise. If you’re considering selling a home, give me a call at (703) 203-1117 so we can position you in the best way possible for success in Arlington. The Andors Real Estate Group has almost three decades of experience in Arlington and has sold hundreds of millions worth of Arlington real estate. You can count on us to get the job done right, every time.

PICK OF THE WEEK — The Andors Real Estate Group is proud to have JUST LISTED 2655 S. Walter Reed Drive #C, Arlington, VA 22206 — $379,900. This secluded 2-bedroom condo is sited in a park-like setting backing to nothing but trees. Freshly painted top to bottom, brand new flooring throughout and new appliances — not to mention the wood-burning fireplace and large balcony — look no further because this one is move-in ready!

There are currently 288 homes for sale in Arlington, 10 more than last week. 135 are detached homes, 23 are townhouses/semi-detached, and 130 are condos. Average days on market (DOM) is 44 and median DOM is 30.

The median list price of currently available properties is $1,005,000, while the average is $1,155,840. Last year for the same week, sellers listed 72 homes and buyers ratified 64 contracts.

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.

Listing of the Day: 5941 Oakdale Road

By ARLnow.com Sponsor
1/10

Address: 5941 Oakdale Road
Neighborhood: Chesterbrook Woods
Listed Price: $3,199,000
Tour: Virtual & Private Tours available

Welcome home to Classic Cottages’ newest Estate in Chesterbrook Woods! This stately 7,927 SF home boasts 7 bedrooms (including one on the main level), 7 full baths and a half bath off the mudroom.

The blue double doors and open foyer immediately set the inviting mood of this home. A beautiful dining room is to your left and a home office/in-law suite with full bath is to your right. Immediate views of the lush backyard take you from the front door to the rear of the home where you’ll find the bright white, open concept kitchen. A convenient and spacious butler’s pantry and walk-in pantry are tucked away off the kitchen and dining room. The butler’s pantry includes a second dishwasher, wine fridge, refrigerator and ice maker.

The kitchen opens to a warm great room with large floor to ceiling windows that let the beautiful summer light shine right in! With sweeping yard views from every room, you are instantly connected with the natural beauty that surrounds you. Indoor-outdoor living is what this home is all about, including the spacious screened porch with gas fireplace right off the luxury kitchen.

Upstairs is the owner’s bedroom with large owner’s bath, custom closets, gas fireplace and a beautiful terrace overlooking the trees. Three other bedrooms with private baths are on the second level in addition to an open loft suitable as a tv lounge, homework station or reading nook. The fourth floor includes a 5th bedroom and bath.

You won’t even know you are in a lower level “basement” because of all the large windows that span across the entire back of the house. You’ll enjoy hosting wine tastings from your private wine storage room and fully equipped wet bar. A spacious exercise room, storage room and bedroom with full bath are also located on the lower level. This is a walk-out lower level with siding doors that lead you onto a stone patio and flat backyard.

This estate features an attached three car garage and plenty of additional parking in the circular driveway. Landscaping includes sprinkler system and lighting.

Contact Classic Cottages today to schedule a private tour or take the virtual tour online today.

Schools: Chesterbrook Elementary School, Longfellow Middle School, McLean High School

Listed by:
Michelle Lynch
Classic Cottages Realty LLC
433 E Monroe Avenue
Alexandria, VA 22301
Phone: 571-366-3324
[email protected]
www.ccottages.com

Just Reduced Properties in Arlington

By ARLnow.com Sponsor

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.

And just like that, spring 2020 is officially in the books.

This Saturday, June 20, marks the first day of summer. Hopefully amid the COVID-19 lockdown, you’ve been able to enjoy some of the springtime temps while they’ve lasted?

If not, it looks like we’re hovering in the 70s for a couple days here before hitting the 90s (eeeek!) this weekend.

Speaking of cranking it up, now is the time to optimize your AC system for the sweltering days ahead, if you haven’t already. In addition to an annual tune-up, make sure to change your air filter if it’s been a few months, check your door and window sealings to ensure AC isn’t seeping out and take a look at your lightbulbs to see if there are cooler/more sustainable options.

Stay cool out there, friends. And, if your summer journey calls for a real estate pit stop, the team at Arlington Realty, Inc. is here for you.

Now, on to this week’s Just Reduced figures.

As of June 15, there are 161 detached homes, 29 townhouses and 139 condos for sale throughout Arlington County. In total, 19 homes experienced a price reduction in the past week:

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.

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