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.”
Bidding wars continued to torment buyers this week as the Spring market heats up further.
Some 45 buyers ratified contracts and 16 of those homes were on the market less than a week. Homes receiving more than one offer tended to be in the moderate to lower price range of $750,000 and below.
Sellers did their part by listing 51 homes and helping to rectify our problem of low inventory. With only 195 homes actively for sale in Arlington and at the current rate of absorption, there’s only 1.1 months of supply.
Technically, it should be a strong seller’s market. A market is considered in equilibrium when there’s about 5.5 months of inventory.
Buyers got some good news. Mortgage rates dropped this week to 4.375% for a 30-yr fixed rate. A Federal Reserve report said the Fed does not expect to raise its bank rates for the foreseeable future as it watches carefully the U.S. and global economies.
There were signs this week of a slowing U.S. economy with weak retail sales in the 4th quarter. JP Morgan economists see the U.S. GDP growing at only 1.5% for the 1st quarter after a sluggish 4th quarter of only 1.4%.
But Freddie Mac economist Sam Khater had some good news for buyers saying that nationally “wages are growing on par with home prices for the first time in years…” Let’s hope that development hits our area soon.
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.
- 1050 N. Taylor Street Unit #1-109, Arlington, VA 22201 — $369,500
- 4816 28th Street S., Arlington, VA 22206 — $485,000
- 4208 4th Street S., Arlington, VA 22204 — $765,000
- 2028 N. Kenmore Street, Arlington, VA 22207 — $775,000
- 4445 20th Road N., Arlington, VA 22207 — $799,999
- 6282 15th Road N., Arlington, VA 22205 — $888,000
- 3118 9th Road N., Arlington, VA 22201 — $985,000
- 1708 N. Stafford Street, Arlington, VA 22207 — $1,165,000
Today’s Listing of the Day is a 3 BD/2 BA condo with a balcony and direct views of the Washington Monument.
A few hundred parents say Arlington Public Schools should prioritize recreating pre-Covid normalcy in the classroom and evaluating the use of electronic devices. That’s according to a recent informal survey…
The Barnes & Noble store in Clarendon was the scene of an alleged armed robbery today. Police responded around noon to the bookstore at 2800 Clarendon Blvd, in The Crossing…
The Arlington County Fire Department is reviving a door logo last seen on county vehicles more than 50 years ago. At the same time, the department is gradually upgrading its vehicles…
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.
Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!
Sunday, Oct 9 @ 6pm
Special Guest: This wine dinner we will be hosting the wine maker