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.”
Arlington’s spring real estate market is now in full swing with buyers snatching up 76 homes this week while 73 properties came on the market.
Mortgage applications spiked by 7% over last week reflecting the season of buying. Fresh inventory is hitting the market at the same pace as fresh buyers ratifying contracts.
Part of buyers’ motivation isn’t just seasonal. Mortgage rates crept upward slightly this week to 4.25% for a 30-yr fixed rate, and the Fed is expected to increase the short term bank rate this month, and more increases in the months ahead. Buyers want to lock in low rates before their purchasing power gets eroded by both higher interest rates and price increases. Agents are reporting bidding wars already this spring is some of the high demand areas.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 3614 Wakefield St S, Arlington, VA 22206 – $409,000
- 1020 Highland St N #217, Arlington, VA 22201 – $419,900
- 888 Quincy St N #304, Arlington, VA 22203 – $475,000
- 2220 Quincy St S #2, Arlington, VA 22204 – $499,950
- 1308 Quinn St S, Arlington, VA 22204 – $699,900
- 5700 8th Rd N, Arlington, VA 22205 – $765,000
- 2705 Florida St N, Arlington, VA 22207 – $974,900
- 218 Irving St N, Arlington, VA 22201 – $1,195,000
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Now you can have fun with your family and friends when deciding where to eat!
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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