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Just Listed in Arlington

by ARLnow.com Sponsor June 5, 2015 at 8:00 am 1,016 0

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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 Team Cathell, “Your Orange Line Specialists.”

What a difference a week makes! Arlington’s real estate market jumped back into hyper gear this week with 125 fresh new listings and 90 ratified contracts.

Just listed properties range in price from $135,000 to $2.2 million. Of the 90 sold homes this week, 15 are over $1 million lifting the average list price of ratified deals to $689,000. The average days on market dropped like a stone to only 34.

So what happened to cause this activity? Mortgage interest rates responded to volatile bond markets this week and 30-yr fixed rates climbed a good 1/4% or more. News outlets reported that this hike is likely to keep climbing. So it appears buyers are getting off the fence, ratifying contracts, and locking in lower rates while they can.

You can access all active listings in Arlington on the Cathell Team website.

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