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.”
Halloween must have scared the bejeebers out of buyers and sellers this week as the pace of Arlington’s real estate market slammed on the brakes. Sellers listed only 49 homes and buyers ratified only 43 contracts.
Arlington’s slow down, however, is not as stark as elsewhere. California, a harbinger of change, has experienced an 18% drop in sales in SoCal, and 19% drop in the Bay Area, but their prices have continued, so far, to climb slightly.
Freddie Mac puts the blame squarely on rising interest rates. Sam Khater, Freddie Mac’s chief economist, says, “While higher mortgage rates have led to a decline in home sales this year, the weakness has been concentrated in expensive segments versus entry-level and first-time buyer which remains firm throughout most of the rest of the country.” His comment fairly reflects the Arlington market as well.
Mortgage rates backed off a few basis points this week as Wall Street regained some of its lost value in October. The 30-yr fixed rate conventional with no points is now at about 4.875% to 5%.
Click here 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 #820, ARLINGTON, VA 22201 — $384,900
- 3073 S. BUCHANAN ST #A1, ARLINGTON, VA 22206 — $459,900
- 5516 24TH ST N., ARLINGTON, VA 22205 — $719,000
- 3712 N. PERSHING DR, ARLINGTON, VA 22203 — $778,000
- 6225 30TH ST N., ARLINGTON, VA 22207 — $895,000
- 2335 S. MEADE ST, ARLINGTON, VA 22202 — $900,000
- 1629 N. EDISON ST, ARLINGTON, VA 22207 — $999,900
- 3700 38TH ST N., ARLINGTON, VA 22207 — $1,300,000
As Arlington County continues collecting feedback on the preliminary concept plan to turn Langston Blvd into a “Green Main Street” over several decades, a few disagreements have emerged. Some say…
RSVP to learn about the Forestry and Natural Resources Plan during the virtual open house tomorrow at 7 p.m.
Within the first five minutes of Netflix’s new series Partner Track, Arlington native and Yorktown High School graduate Alexandra Turshen already has her “boss” moment by telling the new paralegal…
The Arlington Art Truck is back this fall starting October 1 with an exhibit focused on Arlington’s birds.
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