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Just Listed in Arlington

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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.”

Finally, the inventory floodgates opened this week in Arlington with 90 new listings.

That’s the biggest weekly gain so far this year. But buyers were close behind with 83 ratified contracts. Even with this week’s surge of fresh listings, Arlington’s inventory level hasn’t been this low since the hay days of 2004-2005. There are 494 active homes for sale right now. With current absorption rate of 332 homes sold per month, Arlington has only 1.48 months of inventory. That’s a horrendously brutal market for buyers. And it probably won’t get better until summer.

Interest rates jiggled up and down this week ending up virtually unchanged at about 4.25% for a 30-yr fixed rate. When shopping for a mortgage, consider other factors than just lowest rate. Lenders charge a variety of processing fees and origination points. A “point” is 1% of loan amount. You might get a great quoted rate, but they neglected to mention the origination points.

When comparing, ask all lenders to quote you a rate based on zero origination points so you are comparing apples to apples. And ask for full list of their fees. Look at the total cost of each quoted loan. As an option, you can also pay “discount points” up front to lower your interest rate. This is a smart tactic if you plan on holding the property for five years or more.  Also, work only with reputable lenders preferably who come recommended by your agent or someone you trust. Good communication with your loan officer is essential to matching up your unique needs with the right mortgage product.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

Recent Stories

Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

Last year, an attempt to broaden the Arlington police auditor’s access to police records quietly fizzled before reaching the public for discussion.

George Mason University’s new Fuse at Mason Square in Arlington, is poised to become a 345,000-square-foot collaborative and digital innovation space in the heart of the Rosslyn-Ballston Corridor. “As Mason expands in…

These tree care companies serve Arlington County and received Washington Consumers’ Checkbook’s top rating for quality (as reported by their customers in Checkbook’s surveys).

Award-winning drag queen Tara Hoot is bringing her Family Fun Story Time Brunch to Arlington at Freddie’s Beach Bar! Saturday April 6 at noon! Join Tara for songs, stories, puppets, bubbles and joy! It’s not just stories, it’s a SHOW that’s perfect for kids and kids at heart–fun for everyone! Plus a tasty brunch at Freddie’s! Click the link and make your reservations now! ❤️ 🫧 🌈

Submit your own Announcement here.

The Summer 2024 STEAM (Science/Technology/Engineering/Arts/Math) Fellowship application is now open! Apply by April 15 to be considered!

The STEAM Workforce Development Teacher Fellowship provides Arlington Public Schools (APS) high school, middle school, and elementary school teachers with opportunities to learn about workplace needs in STEAM-related fields and for them to use the experience to enhance student learning to match workplace expectations in a selected industry. STEAM Fellows participate in a three-week summer fellowship, receiving a $4,000 stipend upon completion.

Applicants planning to pursue a fellowship in the arts must demonstrate how they will build connections between the arts and science, technology, engineering, or mathematics.

Click the button to learn more, share, apply, and see the variety of fellowships completed in previous years.

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Submit your own Announcement here.

Free Right-Sizing Workshop – How to Get Rid of Your…

Cody Chance and Dick Nathan of Long & Foster are hosting a free workshop at our office on Cherry Hill Rd. (formerly Lee Highway) on the topic of “down-sizing” Thursday, March 28 from 5:30-7:30. We have created a workbook with

Portofino Italian Wine Dinner, April 6, 6:30pm

Four course Italian dinner, paired with 2 wines each. The wines will be served “blind” and notes on each wine will be discussed. The event is coordinated with Elite Wine Importers and The Portofino Restaurant. The dinner is on Saturday,

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