real estate

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.

What’s going to happen to the real estate world after the 2020 COVID-19 crisis? We all wish we had that magical crystal ball.

But, according to a recent Forbes report that assesses the global landscape, we’re poised to see short-term declines followed by a “strong housing market recovery.”

The piece sites an extensive research study from the Federal Reserve Bank of Chicago and the University of Granada, with the late 90s and 2007 stock market declines as examples. Immediately following these corrections, interest rates remained low and various forms of stimulus and government support were rolled out.

We’re experiencing much of that same climate here in 2020.

A global assessment aside, it’s always important to understand the local factors and truly examine any unique purchase or selling scenario. When you’re ready to dive in, the team at Arlington Realty, Inc. is ready to help you navigate these wild times.

Until then, here are this week’s Just Reduced figures.

As of May 25, there are 162 detached homes, 30 townhouses and 109 condos for sale throughout Arlington County. In total, 24 homes experienced a price reduction in the past week:

• 4101 N. Richmond Street, 22207 — NOW: $2,399,000 (Reduced $100,000 on 5/20)

• 2608 3rd Street N., 22201 — NOW: $1,900,000 (Reduced $75,000 on 5/21)

• 4110 40th Place N., 22207 — NOW: $1,500,000 (Reduced $375,000 on 5/22)

• 2912 S. Grant Street, 22202 — NOW: $1,399,900 (Reduced $100,000 on 5/22)

• 1017 N. Danville Street, 22201 — NOW: $1,150,000 (Reduced $49,000 on 5/19)

• 3827 N. Military Road, 22207 — NOW: $967,000 (Reduced $28,000 on 5/19)

• 888 N. Quincy Street #607, 22203 — NOW: $469,900 (Reduced $15,1000 on 5/23)

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.

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.

We’re coming up on one of the most important days of the year: Memorial Day.

In case the online sales ads or the (likely) day off of work hasn’t caught your attention just yet, it is this Monday, May 25. Memorial Day is and should be about much more than just a day off. It’s a day to remember and thank the selfless souls that gave their lives fighting for our country.

To our military heroes that are no longer with us and their families, our endless gratitude and hearts go out to you today… and every day for that matter.

We live in a military region and, among the clients we’ve served throughout the decades, it’s been nothing but a pleasure assisting our military families. If and when we can help, we’re here for you, just as you have been here for us.

From the team at Arlington Realty, Inc., we hope everyone enjoys their Memorial Day holiday.

As of May 18, there are 157 detached homes, 34 townhouses and 104 condos for sale throughout Arlington County. In total, 20 homes experienced a price reduction in the past week:

• 1881 N. Nash Street #2301, 22209 — NOW: $3,995,000 (Reduced $400,000 on 5/14)
• 2330 N. Vermont Street, 22207 — NOW: $1,995,000 (Reduced $105,000 on 5/14)
• 1837 N. Hartford Street, 22201 — NOW: $1,400,000 (Reduced $49,000 on 5/14)
• 4011 N. Nelly Custis Drive, 22207 — NOW: $998,000 (Reduced $47,000 on 5/12)
• 5608 1st Street S., 22204 — NOW: $730,000 (Reduced $19,999 on 5/13)
• 1107 S. Walter Reed Drive #304, 22204 — NOW: $684,900 (Reduced $5,000 on 5/14)
• 1200 S. Crystal Drive #514, 22202 — NOW: $470,000 (Reduced $5,000 on 5/14)

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.

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.

How will the COVID-19 pandemic permanently affect the real estate realm? The dust is certainly still settling, and a variety of folks are certainly weighing in.

According to Javier Vivas, Director of Economic Research with Realtor.com, he says that on a national level that “the near-term impact to real estate activity (next 3 to 6 months) comes as open houses on new and existing homes are being halted, shifted to virtual channels, or drastically reduced and set on an appointment-basis only.”

He adds, in terms of the mid-term impact (next 6 to 18 months), “there will be lower buyer and seller sentiment, sustained disruptions to new and existing supply and sales funnel, and further declines in affordability from job and income loss affecting consumers.”

Amid the shifting tide, there will certainly be opportunities. Different communities will certainly be experiencing different things, throughout our county, state and country.

During this time, it has never been more important to have a trusted local expert by your side to help assess your unique scenario. What we experience here in Arlington County may not apply to what’s happening even just miles away.

When you’re ready to dive in to an existing or prospective real estate move, the team at Arlington Realty Inc. is ready to advocate for you. In the meantime, here are the latest Just Reduced facts and stats.

As of May 11, there are 141 detached homes, 33 townhouses and 100 condos for sale throughout Arlington County. In total, 10 homes experienced a price reduction in the past week:

• 3616 N. Upland Street, 22207 — NOW: $2,449,900 (Reduced: $49,100 on 5/5)

• 4731 34th Street N., 22207 — NOW: $2,199,000 (Reduced: $100,000 on 5/7)

• 4941 N. Little Falls Road, 22207 — NOW: $1,599,000 (Reduced: $100,000 on 5/7)

• 1727 S. Army Navy Drive, 22202 — NOW: $1,285,000 (Reduced: $63,000 on 5/8)

• 2746 S. Fort Scott Drive, 22202 — NOW: $1,199,000 (Reduced: $26,000 on 5/11)

• 2127 S. Oakland Street, 22204 — NOW: $699,900 (Reduced: $20,100 on 5/8)

• 3536 S. Stafford Street #A2, 22206 — NOW: $488,000 (Reduced: $1,000 on 5/5)

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.