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.”
The summertime blues have finally hit Arlington’s real estate market. This first week of August witnessed only 58 new listings and only 53 ratified contracts. Further evidence of a slowdown is a report that mortgage applications for home purchases dropped 2% this week.
Interest rates flattened again with virtually no change. The 30-yr fixed rate is still lingering at about 4%. It’s a good time to buy, especially for renters. While the summer market is slow, it gives buyers more room to negotiate aggressively. Inventory has risen from about 2.1 month’s supply just four months ago, to 2.6 months as of this week. And, the median rent rate in Arlington rose 10% since February when it was $2,950. Today, the median rate is $3,250. It’s time for renters to get off the fence and buy a home now.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 5012 9TH ST S, ARLINGTON, VA 22204 – $439,900
- 1021 GARFIELD ST #129, ARLINGTON, VA 22201 – $475,000
- 6316 26TH ST N, ARLINGTON, VA 22207 – $838,000
- 4024 17TH ST N, ARLINGTON, VA 22207 – $899,000
- 2066 OAKLAND ST N, ARLINGTON, VA 22207 – $899,900
- 1110 18TH ST S, ARLINGTON, VA 22202 – $1,249,000
- 4313 35TH ST N, ARLINGTON, VA 22207 – $1,299,000
- 2453 JEFFERSON ST, ARLINGTON, VA 22207 – $1,425,000
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October is National Arts & Humanities Month and Arts Focus highlights the NAHM 2022 Poster Competition now accepting submissions.
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As the summer winds down, it’s a great time to look forward to a creative fall! Art House 7 has a terrific selection of classes, for preschoolers to adults. Our fall session, starting September 6, offers painting, drawing, sculpture, collage, ceramics (including the wheel) and sewing. We have specialty classes such as Suminagashi, the ancient art of Japanese water marbling.
If you’re looking for a shorter commitment, we also have a full schedule of workshops, Art Nights, and Morning Art Socials. If you haven’t discovered Art House 7, please check us out! We offer classes throughout the year, taught by a range of fantastic teachers. You can buy art supplies next door. We’re near the Lee Harrison shopping center, and free parking is outside our door.
Art House 7
5537 Langston Blvd.Arlington VA 22207
Have you ever considered purchasing a rental property but weren’t sure where to start? This free webinar will go over the basics of how to invest in real estate, how to choose rental properties, and a market overview. Our Director