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
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Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, June 7th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Homebuying 101: Steps to Getting Pre-Approved
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’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,
