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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 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.

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Shop Local Winter Bazaar

Shop local this holiday season at the Winter Bazaar taking place Saturday, December 17-18.

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Grab some friends and sign up for Parks & Rec’s Eugene J. Green Memorial Winter Basketball League! Adults 18+ can register teams of up to 12 people for the ten-game season. Cost is $765 per team. Games are Mondays and/or Wednesdays at Arlington Mill Community Center starting the week of Jan. 4. Sign up here by Dec. 11.

Submit your own Announcement here.

National Chamber Ensemble – Holiday Cheer!

NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.

Outstanding Young Artist

Washington-Liberty Annual Holiday Bazaar

Join us Saturday December 3 from 10 to 4 p.m. at W-L High School, for this much anticipated Arlington holiday tradition! We will be featuring over 65 vendors for gift shopping, our student clubs and activities fundraising booths, and food

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