Real estate market update for detached homes in Arlington, Virginia

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Real Estate Agent with Compass

The real estate market is HOT in Arlington right now - 33 homes went under contract in the past week.   Does that mean that contingencies are flying and home inspectors are out of work?  Not at all.  Out of those 33 that got ratfied contracts, only 3 went straight to "contract" status, which indicates there were no contingencies.

Here's the breakdown of last week's Arlington, VA homes for sale activity:

1 detached homes for sale in Arlington   went under contract with a sale of home contingency (Cntg/KO)

27 detached homes for sale in Arlington went under contract with a home inspection, appraisal or financing contingency (Cntg/NoKO)

3 detached homes for sale in Arlington went straight to Contract, which indicates there are no contingencies.

On average, Arlington homes for sale that got ratfied contracts were on the market for 27 days since last listing, 49 days total (DOMM vs. DOMP).

Click on this link to see the full report of Arlington VA homes for sale that went under contract in the past week of March22, 2012-March 29, 2012.

If you are thinking of buying or selling a home in Arlington, Virginia, give me a call to see how I can best be of service.   The market is great, but it all comes down to proper pricing!  Buyers are ready to go but in no means desperate and are simply not overpaying.  

 

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Rainmaker
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Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Arlington is moving.  I was there twice last week for inspections and have one this morning.  Arlington has always been its own little sales entity.

Mar 29, 2012 06:30 PM #1
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Rainer
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Coral Gundlach

Real Lives. Not Just Real Estate.
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