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.
Local Republicans nominated Arlington resident Karina Lipsman on Saturday to seek the U.S. House seat currently held by Rep. Don Beyer (D-Va.). Early voting is underway for the primary to…
An Arlington man is facing charges after allegedly shoving and threatening a county parking aide. The incident happened Thursday afternoon along S. Lowell Street in the Green Valley neighborhood. “At…
Fill your days with adventure as District Fray Magazine compiles a list of 26 things to do this summer.
Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring 1515 Wilson Blvd in Rosslyn. Two companies that help…