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’s hard to know what motivated buyers more this week, the wonderful warmer weather or the awesome news about mortgage rates.
Either way, buyers were out in force ratifying 61 contracts on all kinds of homes in all price ranges. Of the homes that sold, some 23 were gone in less than a week indicating we still have high demand and low inventory.
Only 57 sellers listed their homes this week. Frankly I would have expected many more fresh listings in this peak spring market. Currently, Arlington has only one month of inventory. Nationally, the average is 3.5 months of inventory.
Also, this week’s average sales price of those homes that sold jumped to an astonishing $842,601. Typically, through the fall of last year the average sales price hovered around $645,000.
Buyers got great news this week as mortgage rates dropped to 4%-4.125% for a 30-yr fixed rate. That’s the lowest rate since fall of 2017. Investors, nervous about the global economic slowdown, moved their capital into safe 10-yr U.S. Treasury bonds which drove down the yield. Long-term mortgage rates are influenced by 10-yr T bonds.
There were first reports this week of a slowdown in some real estate markets across the U.S. Suddenly bidding wars disappeared. Arlington’s market is still on fire, however, and buyers are competing over the best selections from new inventory.
Buyers want homes in updated condition and locations that fit their lifestyle meaning close to public transportation, their job, shopping or children’s schools.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1200 N. Hartford Street #104, Arlington, VA 22201 — $439,900
- 5572 N. Lee Highway #C-52, Arlington, VA 22207 — $440,000
- 2400 N. Clarendon Boulevard #Ph13, Arlington, VA 22201 — $584,500
- 3800 N. Fairfax Drive #311, Arlington, VA 22203 — $629,900
- 4017 22nd Street N., Arlington, VA 22207 — $639,000
- 811 N. Daniel Street, Arlington, VA 22201 — $897,000
- 3843 30th Street N., Arlington, VA 22207 — $995,000
- 2923 24th Road N., Arlington, VA 22207 — $1,799,000
In Green Valley, resident Portia Clark says she and her neighbors are bombarded with calls and letters from realtors and potential investors about buying their homes. “We were once a…
Don’t forget to sign up for the 2023 Winter Leagues with DC Fray that include soccer, cornhole and more.
Crime doesn’t pay, the saying goes, and that is particularly true if you get punched during a failed robbery attempt. According to Arlington County police, that’s what happened early this…
Small Business Focus spotlights the Shop Local Winter Bazaar taking place Dec. 17-18 with over 100 local vendors to shop from.
With holiday season around the corner, it is easy to put your health on the back burner. If you are looking to get back on track during the holiday season, we are here to keep you accountable. At Aspire Higher Training, we offer 1-1 Personal Training for ALL fitness levels, Semi-Private Group Training, Sport Specific Training and Injury Prevention/Post Physical Therapy Training. Monica and her team of trainers are available across Arlington, Va.
If you don’t have access to a gym, no problem, we are located in South Arlington, but if you want to workout from your home/apartment gym, we also offer that flexibility. We make it as convenient as possible. Before getting started, we offer a free 15-30 minute consultation call to see how we can best help you towards your health and fitness goals. Let’s gets started on your health and fitness goals today by setting up a call at your earliest convenience: https://www.aspirehigherfitness.com/contact
Hello Everyone — You are invited to the final meeting of NAACP Arlington Branch NAACP for 2022
When: Dec 12, 2022, 07:00 PM Eastern Time (US and Canada)
Topic: 2022 General Membership Meeting — NAACP Arlington Branch
Register in advance for this webinar
After registering, you will receive a confirmation email containing information about joining the webinar.
7:00 pm Meeting Opens.
7:30 pm Installation
8:00 pm Presentation/Q&A; by Dave Schutz on Ranked Choice Voting
8:30 pm Final Remarks and Comments by Newly Elected Members
9:00 pm Meeting Adjourns
Installation Official Robert N. Barnette, Jr. President, Virginia State Conference NAACP The President of the Virginia State Conference NAACP will serve as the Installation Official and provide remarks for our newly elected officers at the general membership.
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