Arlington, VA

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.”

The Easter holiday weekend didn’t discourage buyers this week as they kept pace in this hot spring market by ratifying 65 contracts.

Of those homes sold, 27 were gone within seven days of hitting the market. Sellers did their part by listing 67 homes this week which only maintains Arlington’s ridiculously low rate of only 0.95 months of inventory.

C’mon home owners. List your homes for sale. Please! It’s a fantastic time to sell, move up to a bigger home, or retire to your dream home in Florida.

It looked like interest rates were moving up mid-week, but by Thursday market factors pushed the yield down on the 10-yr U.S. Treasury bond so mortgage rates actually drop about an eighth of a percent. The 30-yr fixed rate is now ranging 4.25%-4.375%.

In the first quarter this year, single family detached homes in Arlington enjoyed on average 2.9% increase in their value over the same period in 2018, based on sales data from Bright/MLS. North Arlington fared better with 3.8% increase. The average price of a home in north Arlington is now $1,103,758.

South Arlington, however, took a big hit. The average price of a single-family home in south Arlington dropped 5%, from $795,804 in the first quarter of 2018 to $755,227 this year. South Arlington has about 1/3 the number of sales as North Arlington.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.


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