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Just Listed in Arlington

by ARLnow.com Sponsor June 26, 2015 at 8:30 am 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.”

Buyers outpaced sellers this week in the Arlington real estate market with 72 ratified contracts and only 66 fresh new listings.

Buyer activity remains strong spurred by media reports of impending mortgage rate increases. But rates this week held steady at 4.125% for 30-yr fixed rate jumbo.

There were reports this week that the Fed would start raising rates later this year. But Fed rates do not directly influence mortgage rates. Rather, mortgage rates are influenced primarily by the yield on the 10-year U.S. Treasury and other bond markets.

The average list price for those ratified contracts was $680,000 and average days on market jumped to 42 due to several sales of homes that had been on the market a year. Prices ranged from $135,000 to a $2.8 million luxury condo in Rosslyn.

Nationally, sales of existing homes are up by 11.4 percent.

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

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