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
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The 44th Leeway Overlee Community Day and Yard Sale will be along the John Marshall Drive/Ohio Street greenway on Saturday, June 3 from 9 a.m. until 1 p.m. The community will be out in force to exchange information and greetings, sell unneeded household items, and pick up a few bargains.
About 100 families set up tables for the festivities, which take place along the six-block stretch of the greenway from near Langston Blvd. to Washington Blvd. Attendance is free, but a $10 fee will be collected from individuals and families selling household items during the event. Ensure that all goods and rubbish are removed from the greenway by 1 p.m. Leave dogs at home.
For more info, call 703-532-6101. If planning to sell, start labeling your items for sale NOW! Event will take place as long as there is not active rain. Rain date is June 10.
36TH FESTIVAL ARGENTINO
ARLINGTON JUNE 3RD, 2023
Sat, June 3rd I 3:30 pm / Shows 5:50 pm I Kenmore Auditorium I Glencarlyn
The 36th Festival Argentino USA celebrates Argentine Day and Cultural Freedom. The folkloric group Los 4 de Córdoba and 25 more artists from Argentina, World, and Solidarity Tribute, 200 years of friendship between USA and Argentina!.
Homebuying 101: Steps to Getting Pre-Approved
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’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,
