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.”
For buyers in the Arlington market, it’s been a rough and tumble week. Low inventory and a surge of buyer activity has created a highly competitive environment.
Only 49 sellers listed their homes this week, but 57 buyers ratified contracts and 21 of those new listings sold within seven days. That’s a lightening pace of absorption, and not just in the mid to lower price points. Some 11 of the homes sold this week were priced over $1m, the highest pace in months.
Interest rates rose again this week about 5 basis points to about 4.25% for a 30-yr fixed rate, but there’s a big swing in rates depending on lenders. So be sure to shop around before locking in a rate. Freddie Mac expects rates to continue a slow steady rise as the economy continues to improve and labor markets are tightening which should produce increased household incomes.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1906 RHODES ST #49, ARLINGTON, VA 22201 – $299,900
- 1530 KEY BLVD #1017, ARLINGTON, VA 22209 – $387,500
- 901 MONROE ST #1216, ARLINGTON, VA 22201 – $599,000
- 1021 GARFIELD ST #309, ARLINGTON, VA 22201 – $760,000
- 2229 VERNON ST, ARLINGTON, VA 22207 – $799,900
- 6415 24TH ST N, ARLINGTON, VA 22207 – $839,000
- 2538 3RD ST N, ARLINGTON, VA 22201 – $870,000
- 4731 34TH ST N, ARLINGTON, VA 22207 – $1,249,900
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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,