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, Arlington, and welcome to JUST LISTED!
The influx of new inventory for the fall market has begun with a 33% increase week over week! Sellers are really going to need buyers to step up to the plate in the coming weeks to absorb the new offerings.
The Mortgage Bankers Association (MBA) puts out weekly statistics on the number of new mortgage applicants, and it’s been holding flat the past few weeks, though they have decreased slightly (about 2.5% over the past two weeks). Rates are steady, and fall is a popular time to buy; I’m pretty convinced these numbers will start to pick up.
PICK OF THE WEEK: The Andors Real Estate Group is proud to have JUST LISTED 925 26th Place S., Arlington, VA 22202 — $1,150,000.
925 26th Place S.
You will absolutely love this gorgeous mid-century ranch-style Aurora Hills home perched on a hill overlooking the neighborhood. It has 2,600 square feet of living space with three bedrooms, two full bathrooms and one half bathroom. A stunning, perfectly laid-out chef’s kitchen features quartz countertops and backsplash, stainless-appliances and walks out to a private patio.
There’s amazing storage and closet space throughout. Also find large picture windows, wood-burning fireplaces, a climate-controlled sunroom, spa-like bathrooms, a workshop, a laundry room, off-street parking and two additional rooms for just about anything — this house has it all. Entirely updated from top to bottom with top-of-the-line finishes and materials, this home is like-new and 100% move-in ready!
You can find me and my team here this weekend hosting in-person open houses — Saturday and Sunday 1-4 p.m.
Now for more of this week’s numbers and analysis.
Sellers listed 93 homes for sale this past week, 30 more than the week before. Buyers ratified 41 contracts, 15 fewer than the week prior. 19 of the ratified contracts were on homes JUST LISTED in the past seven days.
There are 532 available properties for sale throughout all of Arlington and across all property types: 148 are detached homes, 59 are townhome/semi-detached homes and 325 of the available units in Arlington are condos.
For a bit of perspective, this same week last year sellers listed 92 homes and buyers ratified 55 contracts. There were also only 428 available properties for sale this week last year.
The average list price for currently available properties is $794,576 and the median is $596,100. Currently available properties in Arlington have an average of 59 days on market (DOM) and a median of just 36.
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call!
Call the Andors Real Estate Group today at 703-203-1117 to talk more about buying or selling Arlington real estate. Below are eight new listings that I think you might like to check out.
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