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
Emergency Alert Test Today — From FEMA: “On Wednesday, Oct. 4th at 2:20 p.m. ET, there will be a nationwide emergency alert test on cell phones, wireless devices, radios, and…
A 4 BD/3.5 B home with floor-to-ceiling windows and stone accent fireplace is included in Just Reduced.
Good Tuesday 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…
New Addison Heights Home by National Landing Attractions!
The Arlington Sports Hall of Fame is extremely pleased to announce that our 2023 Annual Induction Dinner, again in partnership with the Better Sports Club of Arlington, will be held on Wednesday, Oct. 11, at the Knights of Columbus, located at 5115 Little Falls Road, Arlington, Va.
Our dinner will pay tribute to all the honored members of the Hall of Fame and will induct the following six new Class of 2023 inductees, joining the 62 athletes, coaches and contributors who have been inducted into ASHOF since its founding in 1958:
Noel Deskins (Yorktown Class of ’79): Track & Field record-holder & Athlete of the Year at YHS and JMU
Eric Metcalf (O’Connell Class of ’85): Star NFL running back, football and track & field record-holder and Hall of Famer at both O’Connell and the University of Texas
Opening night in Ballston, thanks to a partnership with Marymount University will feature renowned soprano Sharon Christman singing songs of Franz Schubert, Leonard Bernstein, Fanny Mendelssohn, Richard Strauss and some thrilling instrumental music.
But that’s not all! Get ready to