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.”
Arlington’s real estate market marches along in early summer mode with a healthy 75 homes sold this week and 106 fresh new listings. Those are good summertime numbers.
Of those homes sold, some 27 were gone in seven days. The average days on market now sits at 31, and we have only 1.8 months of inventory at this sales pace.
Mortgage rates crept upward a few basis points this week on the news that the Federal Reserve raised its short term bank rate by 1/4% which will mostly effect consumer debt like credit cards, car loans, etc.. The 30-yr fixed rate with no points is now about 4.75% and is expected to continue its slow steady climb through this summer. We could be looking at 5% by early Fall.
While many economists are predicting a shift in business and economic trends based on 70 years of historical data of market shifts, the economy seems to care less what they think (and really, when were economists ever right?).
Job growth continues with unemployment down to just 3.9%, the lowest in 17 years. Arlington’s unemployment is only 1.9%. GDP continues to grow, this year tracking at 2.58%, and wages nationally are up 2.9% after about seven years of stagnation.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 4308 2ND RD N #43083, ARLINGTON, VA 22203 — $249,990
- 1024 N UTAH ST #621, ARLINGTON, VA 22201 — $389,999
- 130 N BEDFORD ST #A, ARLINGTON, VA 22201 — $435,000
- 4141 N HENDERSON RD #219, ARLINGTON, VA 22203 — $535,000
- 1114 17TH ST S, ARLINGTON, VA 22202 — $785,000
- 3101 4TH ST N, ARLINGTON, VA 22201 — $949,900
- 3205 N PERSHING DR, ARLINGTON, VA 22201 — $1,098,000
- 635 N JACKSON ST, ARLINGTON, VA 22201 — $1,885,000
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
A local nonprofit specializing in job placement for disabled individuals is drawing on federal funding to expand its services.
This column is written by the team at Arrowine & Cheese (4508 Cherry Hill Road). Sign up for the email newsletter and receive exclusive discounts and offers. Order from Arrowine’s expanding online store for curbside pickup…
An Arlington teen of the same name as an 18-year-old convicted in a recent high-profile case has been arrested after allegedly fleeing from police.
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