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 Arlington as 86 homes went under contract while only 80 homes went on the market. This makes Arlington’s already low inventory even worse and puts ever more pressure on buyers competing on fresh new inventory. Of those homes sold this week, nearly half (41) were snatched up within a week of hitting the market. Buyers are often bidding against 5-6 other offers. This sellers’ market has seen the “days on market” drop this week to only 29.
Buyers got a little relief this week as interest rates dropped about six basis points. The 30-year fixed rate is now at about 4.2 percent.
Can you answer this question: How could Arlington’s average home prices last year remain flat when inventory levels never rose above 2.5 months, and interest rates were relatively stable throughout the year? Traditional wisdom says home values rise during a sellers’ market. So what happened last year?
On a happy note, Bob Hope’s spectacularly designed “spaceship home” sold this week in Palm Springs for $13 million. The 23,000 square foot home is as unique as Bob Hope himself.
- 3800 Fairfax Dr #1814, Arlington VA 22203 – $650,000
- 2903 S. Columbus St #2863, Arlington VA 22206 – $429,900
- 1021 N. Garfield St #139, Arlington VA 22201 – $475,000
- 2915 19th St S, Arlington VA 22204 – $549,000
- 4043 Columbia Pike, Arlington VA 22204 – $625,000
- 101 N. Highland St, Arlington VA 22201 – $924,000
- 239 N. Barton St, Arlington VA 22201 – $998,900
- 844 N. Jacksonville St, Arlington VA 22201 – $1,200,000
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
Good Tuesday evening, Arlington. Today we published 7 articles that were read a total of 7888 times… so far. 📈 Top stories The following are the most-read articles for today…
Two dogs with the ruff job of sniffing out danger at Reagan National Airport are in the limelight. Ava and Messi — the pair of pooches prowling DCA for smelly…
Join the Alexandria Symphony for their Home for the Holidays concert on December 17-18.
Update at 2:55 p.m. — Metro is single-tracking past the station and expected to resume normal service soon, with fire department units clearing from the scene. Blue Line service has…
Grab some friends and sign up for Parks & Rec’s Eugene J. Green Memorial Winter Basketball League! Adults 18+ can register teams of up to 12 people for the ten-game season. Cost is $765 per team. Games are Mondays and/or Wednesdays at Arlington Mill Community Center starting the week of Jan. 4. Sign up here by Dec. 11.
Join us at Art House 7 this Saturday 4-7pm for our Annual Open House – Teacher and Student art show!
- Meet our teachers
- See student and teacher artwork
- Teacher’s paintings, ceramics, notecards will be for sale
- Enjoy beverages and light refreshments
- All attendees get a $20 gift certificate off a class
- 30% off everything in our Supply Store for holiday gifts
Sat. Dec. 3, 4-7pm
Art House 7
5537 Langston Blvd.
Arlington VA 22207
NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.
Outstanding Young Artist