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.”
Is the heavy rain this week responsible for dampening Arlington’s real estate market?
Why else were sellers hesitant to put their homes on the market, and buyers seemed to take a siesta? Only 106 new listings hit the market this week, and buyers ratified only 64 contracts. That’s way off the pace of the last several weeks. Of those sold homes, nearly half sold within seven days.
Interest rates got a jolt on Tuesday reaching the highest levels in seven years. The 30-yr fixed rate is now ranging 4.75% to 4.85% with no points. It won’t be long before rates break the 5% barrier. Rising rates erode buyers purchasing power and forces them to look at homes priced lower.
Agents and lenders are reporting that homes, townhomes and condos priced below $800,000 are frequently receiving multiple offers. How do you win in the bidding wars?
Numerous variables are involved that all contribute to delivering the most attractive offer. But it starts with finding an experienced agent with a winning track record in the bidding wars. While sellers like to select the offer with the highest price, they often choose an offer based on other factors like the closing date, or free rent back, or fewest contingencies.
If you are a buyer just getting started, and know you’ll be buying below $800,000 you should talk to several agents and find one with the experience and skills to get you into the winner’s circle.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 2101 N. TAFT ST #120, ARLINGTON, VA 22201 — $325,000
- 2570A S. ARLINGTON MILL DR #1, ARLINGTON, VA 22206 — $519,000
- 408 S. CLEVELAND ST, ARLINGTON, VA 22204 — $649,000
- 1200 N. HARTFORD ST #201, ARLINGTON, VA 22201 — $795,000
- 1035 N. MCKINLEY RD, ARLINGTON, VA 22205 — $799,000
- 629 N. ABINGDON ST, ARLINGTON, VA 22203 — $799,000
- 4620 19TH RD N., ARLINGTON, VA 22207 — $909,000
- 250 N. BARTON ST, ARLINGTON, VA 22201 — $1,100,000
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