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 got a break this week as the tables turned a bit on sellers. More inventory entered the market than left the market. Some 97 fresh new listings hit the market this week, while buyers ratified only 77 contracts. Loan officers reported that applications dropped mysteriously without any explanation. The big boost in inventory is great news for buyers.
Incredibly the days on market spiked to 60 this week from only 22 last week. Of the 77 homes sold, 32 sold within a week. But there were 13 homes that had been on the market over a year that sold this week. Many of those exercised some late coming price drops that made them more attractive demonstrating that the market remains very price sensitive.
Mortgage rates held steady with just a slight rise. The 30-yr fixed rate rose about four basis points to end at 4.18%.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 22 OLD GLEBE RD S. #102-D, ARLINGTON, VA 22204 – $245,000
- 1029 STUART ST N #212, ARLINGTON, VA 22201 – $365,000
- 854 HARRISON ST S, ARLINGTON, VA 22204 – $355,000
- 4831 27TH RD S, ARLINGTON, VA 22206 – $435,000
- 1020 HIGHLAND ST N. #522, ARLINGTON, VA 22201 – $649,500
- 2239 COLUMBUS ST N, ARLINGTON, VA 22207 – $759,000
- 3024 HARRISON ST N, ARLINGTON, VA 22207 – $1,130,000
- 914 IRVING ST N, ARLINGTON, VA 22201 – $1,475,000
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Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, June 7th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,