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.”
It’s been a great week for buyers. Some 84 new listings came on the market in Arlington this week, and buyers ratified 59 contracts.
An incredible 27 new listings sold within seven days, all but two priced under $1 million. The upper market appears to be rebounding from last fall’s slump. Of the 59 homes that sold this week, eight were priced over $1 million. The average days on market has now dropped to just 43.
At this week’s current high pace of absorption, and with ONLY 343 homes actively for sale (including condos and townhomes), Arlington currently has a remarkable ONE month’s supply of inventory. This is the lowest level that I can recall in the last 20 years.
The Federal Reserve on Wednesday voted to keep its short term rate unchanged but signaled increases in coming months. The Fed cited an improving economy, tightening labor markets and an unemployment rate of just 4.1%, the lowest in 17 years.
Long term interest rates however continue to increase for a fourth week in a row. Freddie Mac reported the average 30-yr fixed rate is up over a 1/4% from the first week of the year. Increased borrowing by the US Treasury is putting upward pressure on rates. The 30-yr fixed rate ended this week about 9 basis points higher at 4.34%, but rates vary widely among lenders so be sure to shop around.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 3515 WASHINGTON BLVD #317, ARLINGTON, VA 22201 – $305,000
- 5722 8TH ST N, ARLINGTON, VA 22205 – $549,900
- 4635 20TH PL N, ARLINGTON, VA 22207 – $699,900
- 1716 12TH ST S, ARLINGTON, VA 22204 – $799,000
- 4612 24TH ST N, ARLINGTON, VA 22207 – $919,000
- 6016 1ST ST N, ARLINGTON, VA 22203 – $932,800
- 2420 NELSON ST, ARLINGTON, VA 22207 – $1,100,000
- 3418 PERSHING DR N, ARLINGTON, VA 22201 – $1,195,000
Tour Country Club Hills to discover its lush herbage, mature trees, and the Victorian and frame houses of the area in Neighborhood Spotlight.
A soggy weekend is on tap after an otherwise pretty nice final week of September. Obviously this week’s big story was the devastation in Florida, the huge scale of which…
Share your input on the Arlington Forestry and Natural Resources Plan by October 3.
A proposed bridge for bicyclists and pedestrians between Crystal City and the Southwest Waterfront area of D.C. has received $20 million in federal funding to move forward. When complete, the…
Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above. In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?
All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).
When: Sunday, October 2nd, Noon – 4 PM.
Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.
Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!
Sunday, Oct 9 @ 6pm
Special Guest: This wine dinner we will be hosting the wine maker