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 been a lackluster week for inventory and homes sales in Arlington. We are in the peak of the spring market, and only 75 new listings went up for sale and only 64 contracts were ratified. Some 27 of those sold this week lasted less than a week on the market. Stories of multiple contracts continue.
For all homes sold this week, the average days on market dropped to just 30, the lowest level so far this year. Arlington reflects the national market with low inventory everywhere. A Freddie Mac report this week expects to see fewer sales in 2017 just because of low inventory.
The reasons for low inventory include people not willing to sell because they are afraid they can’t find a replacement home; they can’t replace the mortgage on the next purchase with the same low rate they currently have; and builders are not delivering enough supply to keep up with demand.
For Arlington, pricing also tells a compelling story. The higher end market of homes priced above $1.5m has slowed, with average DOM of 100. But the sweet spot for pricing seems to be $500k – $999k where DOM is lowest at just 31. That number climbs to 46 for homes sold $1,000,000-$1,499,900.
Mortgage rates dropped again this week by about six basis points. The 30-yr fixed rate ended this week at about 4.16%.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1024 N. Utah Street #917, Arlington, VA 22201 – $385,000
- 3513 S. Stafford Street #A, Arlington, VA 22206 – $424,900
- 1050 N. Taylor Street #1-108, Arlington, VA 22201 – $510,000
- 1200 N. Hartford Street #305, Arlington, VA 22201 – $605,000
- 2323 N. Utah Street, Arlington, VA 22207 – $739,000
- 1947 N. Upland Street, Arlington, VA 22207 – $799,000
- 6227 19th Street N, Arlington, VA 22205 – $860,000
- 3638 Vacation Lane, Arlington, VA 22207 – $949,900
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A 3 BD/2 BA condo with views of the Washington Monument and a freshly painted 4 BD/2 BA home is included in Home Hunt Highlights.
So you want to make wine? Walk through a day of winemaking in The Nose That Knows.
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Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
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.
Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!
Sunday, Oct 9 @ 6pm
Special Guest: This wine dinner we will be hosting the wine maker