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.”
What an incredible week for Arlington’s real estate market.
Both buyers and sellers set new records for the year with buyers ratifying 82 contracts and sellers listing 86 homes. Half of the homes that sold this week (41) were on the market only seven days or less. And 17 of those sales were homes priced above $1 million.
The average days on market for those sold homes is just 18. At the current rate of sales, and with only 268 homes actively available on the market, Arlington has only 0.8 months of inventory. This is the lowest level of inventory I can remember since the crazy days of 2001-2005.
This helps to explain two growing trends in our national housing market. Seniors are increasingly choosing to age in place and spend their savings on renovating and modifying their homes for one-level living. Part of that decision is because they can’t find a suitable and affordable replacement home. And part is because they already have their support network where they live.
The other trend is that millennials are moving in large numbers to smaller cities where unemployment is low and housing prices are more affordable. They are moving into places like Madison, Oklahoma City, Durham and Grand Rapids.
Mortgage rates have closed out the week with essentially no change, even though Wall Street has the jitters because of new talk about trade wars with China and the damage it could do to the U.S. economy. Rates ended the week at 4.25% for a 30-yr fixed rate.
Click 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 #T-303, Arlington, VA 22201 — $399,000
- 3127 S. Stafford Street, Arlington, VA 22206 — $494,500
- 704 N. Jefferson Street, Arlington, VA 22205 — $699,900
- 721 S. Veitch Street, Arlington, VA 22204 — $749,500
- 918 26th Place S., Arlington, VA 22202 — $835,000
- 2375 N. Edgewood Street, Arlington, VA 22207 — $1,098,000
- 1125 N. Harrison Street, Arlington, VA 22205 — $1,325,000
- 801 N. Jackson Street, Arlington, VA 22201 — $1,695,000
Groundbreaking for I-395 Project — “Arlington County officials and representatives from VDOT and the Northern Virginia Transportation Authority broke ground Wednesday on a $19.9 million project to improve bike and…
As Arlington County continues collecting feedback on the preliminary concept plan to turn Langston Blvd into a “Green Main Street” over several decades, a few disagreements have emerged. Some say…
RSVP to learn about the Forestry and Natural Resources Plan during the virtual open house tomorrow at 7 p.m.
Within the first five minutes of Netflix’s new series Partner Track, Arlington native and Yorktown High School graduate Alexandra Turshen already has her “boss” moment by telling the new paralegal…
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.
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 for our Homebuying