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.”
Buyers enjoyed a tidal wave of new listings this week, but rising interest rates rained on their parade.
Some 92 fresh new listings came on the market in Arlington, and buyers ratified 54 contracts. An incredible 24 new listings sold within seven days. And 10 of the homes ratified this week were listed over $1m helping to strengthen the upper end market.
But buyers got hammered by a jump in mortgage rates. The 30-yr fixed rate is now 1/4% higher than it was last week ranging now at 4.5%-4.65% for a 30-yr fixed. In this volatile mortgage market, rates vary greatly among lenders so buyers should shop diligently, and quickly, once they ratify an offer and can lock in their rate. A half point increase would cost roughly $90/mo on a $300k loan.
Rates are expected to continue their climb. Inflation surged last month by 1/2% to an annual rate 2.1% which will likely inspire the Federal Reserve to raise short term rates sooner than later this year.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1024 N. UTAH ST #117, ARLINGTON, VA 22201 – $379,900
- 4407 20TH RD N., ARLINGTON, VA 22207 – $799,900
- 1452 N. LONGFELLOW ST, ARLINGTON, VA 22205 – $845,000
- 3306 N. COLUMBUS ST, ARLINGTON, VA 22207 – $924,500
- 3002 3RD ST N., ARLINGTON, VA 22201 – $998,900
- 1114 N. JOHNSON ST, ARLINGTON, VA 22201 – $1,190,000
- 1138 N. HARRISON ST, ARLINGTON, VA 22205 – $1,284,900
- 929 N. DANIEL ST, ARLINGTON, VA 22201 – $1,934,900
The week started as summer and is ending, unmistakably, as fall. On the plus side, we have a stretch of crisp, sunny days ahead, with the exception of some rain…
A 5 BD/2 BA home with a light-filled den and screened back porch is included in Open Houses.
Early voting got off to a muted start today (Thursday) at the Arlington County government headquarters in Courthouse. “We had a line of five voters when we opened at 8…
Wakefield High School and Claremont Elementary School were secured today in response to reports of gunfire in nearby Bailey’s Crossroads.
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.
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 for our Homebuying