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 new listings outpaced sales again this week for the second week in a row.
Arlington saw 87 new listings come on the market this week, with only 74 ratified contracts. Buyers and agents still complain that there isn’t enough inventory. With the total number of homes actively for sale at 576, and the current monthly rate of absorption at 296, there are only 1.9 months of inventory.
Of the homes sold this week, 32 sold within a week. Bidding wars are still common, especially for homes priced below $900,000. The market in Washington D.C. is far worse for buyers. Homes priced below $900,000 are attracting a ridiculous 15-20 offers. Good luck if you’re a buyer.
Mortgage rates edged down seven basis points this week, and Freddie Mac expects more downturn next week. Mortgage bankers attribute the drop to the political crisis this week in Washington causing uncertainty in the financial markets, which causes capital to seek safe havens like 10-yr US Treasury bonds. Influx of capital into bonds drops the yield, which influences long term interest rates like mortgages. At least something good is coming out of the political crisis. The 30-yr fixed rate mortgage ended this week at about 4.1%.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 4201 LEE HWY #510, ARLINGTON, VA 22207 – $299,900
- 4800 28TH ST S #C, ARLINGTON, VA 22206 – $439,000
- 3558 STAFFORD ST S, ARLINGTON, VA 22206 – $629,900
- 5220 11TH ST N, ARLINGTON, VA 22205 – $783,000
- 4705 7TH ST S, ARLINGTON, VA 22204 – $799,999
- 259 BRYAN ST N, ARLINGTON, VA 22201 – $918,000
- 3521 3RD ST N, ARLINGTON, VA 22201 – $1,295,000
- 2844 ROCHESTER ST, ARLINGTON, VA 22213 – $1,675,000
A new draft of Plan Langston Blvd, which envisions a tree-lined, walkable, densely developed Route 29, dropped last week with a splash.
Say hello to Chico, the newest Adoptable Pet of the Week! This little guy is currently in foster through the Animal Welfare League of Arlington. Here is what his friends…
Arlington County is in the early stages of designing a multi-use trail facility along Long Bridge Drive. Now through mid-October, the county is gathering input on how people currently use…
Applications for the Arlington Innovation Fund (AIF) Catalyst Grant Program are now open, so don’t wait to apply!
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
Our 9th Annual Jennifer Bush-Lawson 5K & Family Fun Day is scheduled for Saturday, Nov. 18, 2023, from 9:00am-1pm at the Knights of Columbus, 5115 Little Falls Rd, Arlington.
During a morning of celebration and health-focused activities — emceed by