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 fall real estate market was a bit sluggish this week as sellers listed only 65 homes and buyers ratified only 54 contracts. Perhaps the dismal rainy weather has kept buyers unusually inactive. In a typically strong fall market we should see 60-70 ratified contracts this time in September.
While the mid-price points are still very robust, the upper end market of homes priced $1.5 million and above is showing some softness. We are starting to see more price reductions and longer days on market at this price level.
The Fed once again raised short terms rates by 0.25% this week which will effect consumer loans, but long term rates for mortgages backed off a little after last week’s sudden spike. Most lenders are quoting 4.75%-4.875% for 30-yr fixed rate mortgages. But shop around. It’s a volatile week for mortgages and rates are varying greatly.
Your renovation or new home could cost more in the coming months. The Trump Administration tariffs are impacting the cost of numerous building materials and fixtures from lumber, drywall and granite to light fixtures and toilets.
Contractors are considering including “escalation” clauses in their contracts that allows them to adjust their pricing based on future costs.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1001 N. RANDOLPH ST #722, ARLINGTON, VA 22201 — $379,900
- 4518 36TH ST S. #B2, ARLINGTON, VA 22206 — $458,990
- 1000 20TH ST S., ARLINGTON, VA 22202 — $729,000
- 633 N. ABINGDON ST, ARLINGTON, VA 22203 — $794,900
- 3465 N. EMERSON ST, ARLINGTON, VA 22207 — $849,000
- 408 N. FLORIDA ST, ARLINGTON, VA 22203 — $955,000
- 1109 ILLINOIS ST, ARLINGTON, VA 22205 — $999,000
- 1730 N. ADAMS ST, ARLINGTON, VA 22201 — $1,195,000
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The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.
The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.
Former participants have this to say:
_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._
Learn about the new assessment of Arlington’s urban tree canopy and the many ecological and social benefits trees provide. Staff from the Green Infrastructure Center (GIC) will share study results and compare canopy cover for different areas of Arlington.The webinar will include assessments of ecosystem services such as stormwater mitigation, air quality, carbon uptake, and urban heat islands. For background on Arlington trees see the “Tree Benefits: Growing Arlington’s Urban Forest” presentation at http://www.gicinc.org/PDFs/Presentation_TreeBenefits_Arlington.pdf.
Please register in advance to assure your place at the webinar, https://attendee.gotowebinar.com/register/29543206508863839.
About the Arlington County Civic Federation: The Arlington County Civic Federation (“ACCF”) is a not-for-profit corporation which provides a forum for civic groups to discuss, debate, inform, advocate and provide oversight on important community issues, on a non-partisan basis. Its members include over ninety civic groups representing a broad cross-section of the community. Communications, resolutions and feedback are regularly provided to the Arlington County Government.
The next meeting is on Tuesday, February 21,2023 at 7 pm. This meeting is open to the public and will be hybrid, in-person and virtually through Zoom. Part of the agenda will be a discussion and vote on a resolution “To Restore Public Confidence in Arlington County’s Governance”. For more information on ACCF and this meeting, go to https://www.civfed.org/.
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village