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.”
It may be cold outside but Arlington’s spring market is warming up!
The past week’s snow didn’t slow anyone down: buyers ratified 40 contracts and seller’s listed 31 homes. Of the 40 ratified contracts, 15 sold within a week of hitting the market.
Mortgage rates are in a hold pattern right now at around 4.5% for a 30-yr fixed rate with no points. This is still lower than rates we’ve seen in the last 9 months and has spurred an increase in loan applications.
The Washington Post reports this as the highest loan application volume since April of 2010! While loan applications don’t necessarily equal ratified contracts, they are an important indicator. What we do know is that ratified contracts in Arlington increased by 38% since just last week.
The federal government shutdown has impacted access to the usual economic data for lenders and this uncertainty has led to no significant changes to rates. The result of this pause is some surprisingly good news for both buyers and sellers as we are seeing an increase in market activity.
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.
- 1510 12th Street N. Unit #PH1, Arlington, VA 22209 — $399,000
- 1800 Wilson Boulevard Unit #331, Arlington, VA 22201 — $437,500
- 1723 S. Nelson Street, Arlington, VA 22204 — $550,000
- 911 S. Irving Street, Arlington, VA 22204 — $615,000
- 1020 N. Highland Street Unit #222, Arlington, VA 22201 — $654,900
- 1245 N. Pierce Street Unit #11, Arlington, VA 22209 — $950,000
- 4870 Old Dominion Drive, Arlington, VA 22207 — $1,399,000
- 20th Street N. Unit #4019, Arlington, VA 22207 — $1,795,000
A new historic marker has gone up at the 138-year-old Mount Salvation Baptist Cemetery, honoring the final resting place for a number of early Halls Hill leaders. The county installed…
Holiday parties are in full swing and RSVP Catering provides buffet entrees, hors d’oeuvres and more for office and family affairs.
Just before Christmas, Santa Claus and his helpers are coming to town, on a fire engine instead of an eight reindeer-powered sleigh. From Dec. 20-23, Saint Nick and his elves…
Legal Insider discusses the federal governments new stance on marijuana and how clearance holders may be impacted.
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Grab some friends and sign up for Parks & Rec’s Eugene J. Green Memorial Winter Basketball League! Adults 18+ can register teams of up to 12 people for the ten-game season. Cost is $765 per team. Games are Mondays and/or Wednesdays at Arlington Mill Community Center starting the week of Jan. 4. Sign up here by Dec. 11.
Join us as we celebrate the holiday of Chanukah! Enjoy delicious Latkes, hot cocoa, donuts and more!
Clarendon Menorah Lighting and Community Celebration
Experience the festival of lights!!
*Lighting of a giant 9 foot Menorah