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.”
It’s over. America’s torment enduring 16 months of nasty negative campaign media bombardment is over. It’s time to move on, and Arlington’s home buyers have done that by ratifying 50 contracts this week.
That record outpaces sellers once again who put only 42 homes on the market this week. At this pitiful rate of new listings and ratified contracts, Arlington has only 2.75 months of inventory. It’s still a strong sellers’ market. Available single family homes are so scarce that properties that have been on the market 8-9 months sold this week, without recent price reductions. This pushed the average days on market up to 66.
A note of caution if you start to see media reports that Arlington’s average sales price has gone down since last year. Statistically that’s true, and that’s because the ratio of single family homes sold to condo sales has dropped significantly. Average condo prices are much lower than single family prices, and so the greater number of condo sales has pulled down the overall average for all home sales in Arlington.
So don’t panic. Single family homes and townhome values have gone up since last year. More on that later.
Note coming soon: 1) a 3BR single family home in zip 22201; 2) a 2BR condo in Clarendon. Call for more information.
Meanwhile, interest rates spiked this week on the surprising election news. The 30-yr fixed rate jumped 5-25 basis points in a still volatile environment ending today at 3.65%-3.85%.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 900 STAFFORD ST #1404, ARLINGTON, VA 22203 – $374,900
- 933 COLUMBUS ST S, ARLINGTON, VA 22206 – $444,900
- 1321 ADAMS CT #202, ARLINGTON, VA 22201 – $549,900
- 2100 PIERCE ST, ARLINGTON, VA 22202 – $649,900
- 1021 GARFIELD ST #341, ARLINGTON, VA 22201 – $689,900
- 3900 6TH ST S, ARLINGTON, VA 22204 – $995,000
- 2013 LYNN ST S, ARLINGTON, VA 22202 – $1,065,000
- 5409 31ST ST N, ARLINGTON, VA 22207 – $1,175,000
The week started as summer and is ending, unmistakably, as fall. On the plus side, we have a stretch of crisp, sunny days ahead, with the exception of some rain…
A 5 BD/2 BA home with a light-filled den and screened back porch is included in Open Houses.
Early voting got off to a muted start today (Thursday) at the Arlington County government headquarters in Courthouse. “We had a line of five voters when we opened at 8…
Wakefield High School and Claremont Elementary School were secured today in response to reports of gunfire in nearby Bailey’s Crossroads.
Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above. In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?
All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).
When: Sunday, October 2nd, Noon – 4 PM.
Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for our Homebuying