Press Club

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.”

Fresh inventory poured into Arlington’s real estate market this week with 90 new listings. But buyers were more active ratifying 93 contracts. The spring market is still hot hot hot. Of those ratified, some 51 sold within a week. Even stale old inventory sold. One home sold that had been on the market over two years, and three more sold after more than a year on the market. Still, the average days on market was just 39.

Buyers’ agents were full of woeful tales this week of deals lost in multiple contract bidding wars. It takes skills and courage for buyers to win these days.

Interest rates dipped suddenly late last week and Monday this week prompted by a rush of domestic and international capital into the 10-yr Treasury bond as financial markets grew nervous over the mounting potential crisis with North Korea. That drove yields down, and long term interest rates followed. But that changed by mid-week, and mortgage rates have ticked back up to about 4.11% for 30-yr fixed rate. Lenders are encouraging buyers to lock in rates soonest they can.

Featured listing of the week: 3015 2nd Street N. — check out the 3-D virtual tour.

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

Demolition of the former Jaleo restaurant building in Crystal City began this week, as the site plan review process for a redevelopment on the block kicked off earlier this month….

Kenmore Middle School’s student release has been delayed and the school has been placed in “secure the building” mode due to a possible security threat.

Biz Talk discusses Arlington’s business community and their commitment to sustainability.

Don’t miss out on joining a summer league with DC Fray before registration closes June 14.

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