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.”
As we enter the final few weeks of the spring real estate market, sleepy sellers seemed to have awoken and smelled the coffee.
They listed a record 84 homes this week, hoping for a sale before the upcoming Memorial Day weekend. That event marks the slowdown of the market as we slide into summer.
Perhaps buyers have already started backing off as they ratified just 56 contracts this week. In the last three weeks, they ratified 75, 64 and 65 contracts. So, their pace has faded. Of the 56 homes sold this week, 27 were snatched up within seven days. The average days on market for the week dropped to just 17.
Mortgage rates dropped slightly this week by about six basis points so now the 30-yr fixed rate is about 4.2%-4.3%. The Federal Reserve met this week and decided not to change their benchmark rate for the foreseeable future.
We tend to look west when watching for market trends. And California’s real estate market is showing some movement. Sales activity has slumped for mid-level and upper end homes. Analysts say the market over heated and prices began to exceed buyers’ affordability.
The luxury home market in San Francisco dropped 16% in the first quarter over last year in terms of sales activity, and prices dropped 1.5%, the first-time prices have dropped in seven years there. However, on average across the U.S., home values are up 2.7%.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 4201 N. Lee Highway #104, Arlington, VA 22207 — $232,000
- 1220 N. Fillmore Street #907, Arlington, VA 22201 — $650,000
- 221 N. Galveston Street, Arlington, VA 22203 – $749,900
- 2919 6th Street S., Arlington, VA 22204 — $775,000
- 2446 N. Jefferson Street, Arlington, VA 22207 — $814,900
- 3300 N. Pershing Drive, Arlington, VA 22201 — $1,100,000
- 108 S. Highland Street, Arlington, VA 22204 — $1,298,000
- 405 N. Highland Street, Arlington, VA 22201 — $1,700,000
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The 44th Leeway Overlee Community Day and Yard
Sale will be along the John Marshall Drive/Ohio Street greenway on
Saturday, June 3 from 9 a.m. until 1 p.m. The community will be out in
force to exchange information and greetings, sell unneeded household
items, and pick up a few bargains.
About 100 families set up tables for the festivities, which take
place along the six-block stretch of the greenway from near Langston
Blvd. to Washington Blvd. Attendance is free, but
a $10 fee will be collected from individuals and families selling
household items during the event. Ensure that all goods and rubbish are
removed from the greenway by 1 p.m. Leave dogs at home.
For more info, call 703-532-6101. If planning to sell, start labeling
your items for sale NOW! Event will take place as long as there is not
active rain. Rain date is June 10.
36TH FESTIVAL ARGENTINO
ARLINGTON JUNE 3RD, 2023
Sat, June 3rd I 3:30 pm / Shows 5:50 pm I Kenmore Auditorium I Glencarlyn
The 36th Festival Argentino USA celebrates Argentine Day and Cultural Freedom. The folkloric group Los 4 de Córdoba and 25 more artists from Argentina, World, and Solidarity Tribute, 200 years of friendship between USA and Argentina!.
Homebuying 101: Steps to Getting Pre-Approved
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved.
Join ACFCU’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,
