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.”
Merry Christmas and Happy Holidays!!
Team Cathell wishes you and your family a happy and safe holiday weekend.
Don’t worry about Arlington’s real estate market. Although this has been the slowest week of the year for new listings with only 21 sellers putting their homes on the market, it’s doing just fine.
Buyers, however, were very active ratifying 43 contracts, with an average days on market jumping to 77. That’s because many of the homes that sold had been on the market a very long time. So a lot of old inventory got cleared out this week.
Mortgage interest rates dropped 6-10 basis points this week on the news Wednesday that the Federal Reserve raised short term interest rates by 0.25% to help quell inflation jitters. But the Fed also said they expect to raise rates only twice in 2019.
Also influencing the mortgage rate drop was Wall Street’s continued slide this week as investors moved capital out of risky equities and into safe 10-yr U.S. Treasury bonds which drove the yield down. That’s all good for home buyers.
Freddie Mac yesterday credited the lower mortgage interest rates so far this 4th quarter for an increase nationally in existing home sales which had been down 10% from 2017 levels. There’s been a moderate pickup in sales for October and November. All this bodes well for a vibrant spring real estate market, so keep your seat belt fastened.
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.
- 3601 5th Street S. Unit #103, Arlington, VA 22204 — $230,000
- 750 S. Dickerson Street Unit #301, Arlington, VA 22204 — $239,990
- 1020 N. Highland Street Unit #704, Arlington, VA 22201 — $699,900
- 1200 N. Hartford Street Unit #502, Arlington, VA 22201 — $794,900
- 1245 N. Vernon Street, Arlington, VA 22201 — $795,000
- 5904 4th Street N., Arlington, VA 22203 — $819,900
- 4939 34th Street N., Arlington, VA 22207 — $874,900
- 5141 3rd Street N., Arlington, VA 22203 — $989,000
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Steps away from Target, Good Company Doughnuts!
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Join MoCA Arlington Summer Camps at Marymount University and learn the fundamentals of handbuilding, throwing on a wheel, glazing, and much more. In this two-week course, students will explore hand building techniques, wheel throwing, and strengthen ideas that exemplify individual artist expression guided by professional working artists. Students of all skill levels are welcome!
Visit MoCA Arlington’s Website here and the registration page to secure your space today!
Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
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,