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.”
Right on cue, the inventory floodgates opened this week.
It must be mid-March. That’s when traditional wisdom says it’s time to list your home, the spring market is here, and the buyers are out shopping.
This week sellers listed 70 homes giving buyers the most amount of choices so far this year. And buyers stepped up and ratified 57 contracts, some 19 of those were on homes that were listed for seven days or less. Arlington currently has only 239 homes actively for sale.
At this pace of absorption, that is only one month of inventory meaning if no more homes came on the market, all homes would be sold in one month. It’s also known as an extreme sellers’ market.
Here’s the craziest story heard this week: a $185,000 townhouse in Lorton listed “As Is” attracted 55 offers! It was on the market for five days.
This kind of market attracts every kind of buyer, and we are especially seeing more investors and flippers than usual. They are attracted to homes in need of much work and TLC, the kind of homes that scare away first-time home buyers and are too much work for end users who want fully updated conditions, even in vintage 1920’s-30’s homes. Whatever kind of buyer you may be, prepare for battle. The competition is brutal.
Mortgage rates continued to be kind to buyers this week with no major changes. The 30-yr fixed rate remains at 4.375%-4.5%. Helping to drive buyer activity is available credit. Lenders are flush with cash. So, there is a wide variety of liberal loan programs for all types of buyers enabling much lower down payments than we’ve seen in over 10 years.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 5059 9th Street S., Arlington, VA 22204 — $459,900
- 3362 S. Wakefield Street #A, Arlington, VA 22206 — $499,000
- 5611 7th Street N., Arlington, VA 22205 — $625,000
- 518 N. Nelson Street, Arlington, VA 22203 — $799,900
- 4510 8th Street S., Arlington, VA 22204 — $980,000
- 4423 19th Road N., Arlington, VA 22207 — $999,500
- 816 N. Kenmore Street, Arlington, VA 22201 — $1,139,900
- 6204 26th Road N., Arlington, VA 22207 — $1,487,900
Recent Stories
Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
All lanes of northbound I-395 are blocked at Glebe Road due to a fatal motorcycle crash. Law enforcement is on scene investigating the crash, which happened just before 5 p.m….
Federal authorities will investigate a near collision on the ground at Reagan National Airport, ARLnow has learned. The incident happened around 7:40 a.m. today (Thursday). “An air traffic controller instructed…
Inmates at the Arlington County Detention Facility picked up their paddles once again to compete in a pickleball tournament this week — and this time they had some additional friends….
Unlike our competitors, Well-Paid Maids doesn’t clean your home with harsh chemicals. Instead, we handpick cleaning products rated “safest” by the Environmental Working Group, the leading rating organization regarding product safety.
The reason is threefold.
First, using safe cleaning products ensures toxic chemicals won’t leak into waterways or harm wildlife if disposed of improperly.
Second, it’s better for you and your family. Fragrant chemicals in surface cleaners can expose you to a similar amount of pollutant particles as a busy city road, New Scientist reported.
Northern Virginia Family Practice (NVFP), known for its comprehensive concierge healthcare, is thrilled to introduce Mark Sullivan, MD as the newest member of its family medicine team.
Dr. Sullivan brings a wealth of experience in family medicine, underpinned by a passion for delivering personalized, patient-centered care. He has a distinguished background in managing various medical conditions, emphasizing preventive care, health education and chronic disease management. Dr. Sullivan is adept at employing the latest medical research and technologies to enhance patient outcomes.
Beyond his medical expertise, Dr. Sullivan is committed to the well-being of his community, demonstrating this through his active engagement in local health initiatives and educational programs. His approach to medicine is holistic, focusing on integrating physical, mental and emotional health and patient education to achieve optimal patient wellness.
Dr. Sullivan is now accepting new patients at their newly established Arlington office at 2445 Army Navy Drive, Arlington, VA, 22206. The office, known for its patient-friendly amenities and state-of-the-art medical facilities, continues to provide the exceptional, personalized care NVFP is known for in its newly upgraded Arlington location.
Fascination
Goth-Dark Wave Dance Party with Belly Dancing and Drag King Show.
Part of OurAlternative Thursdays for Alternave People with Alternative Lifestyles
Performances By
Belladonna and the Nightshades
Ya Meena
Drag King - Ken Vegas
DJ Michelle Guided
National Chamber Ensemble – Concerto Celebration
We invite you to join us for an extraordinary evening of music at our Season Finale, “Concerto Celebration”! Enjoy several masterworks as NCE performs two famous concertos in an intimate chamber music setting, opening with a delightful work by Chevalier
