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.”
Arlington’s real estate market continues at a strong summer pace and more good news landed on Arlington’s doorstep this week.
Sellers listed 72 homes this week, and buyers ratified 64 contracts. Some 34 of those homes sold within a week. This pushed the average days on market down to just 14. With only 241 homes actively for sale, and at this pace of absorption, Arlington’s inventory rate has again dropped below one month’s supply.
The exciting news is that Virginia Tech announced this week that it is opening a new “Innovation Campus” for graduate students near Amazon’s HQ2 locations. The VA Tech campus will be just over Arlington’s border by the Regal Theatres in Potomac Yards in Alexandria.
When completed in 10 years, it will accommodate over 1,000 masters and doctoral students. Like HQ2, this will undoubtedly have a major impact on the local area’s economy, demand on housing and new business growth.
This week saw a surge in new mortgage applications both for purchase and refinance. Refinance applications were up 97% from a year ago, and purchase applications were up 27%. Mortgage professionals recommend locking in your interest rate right away as rates could start to go back up.
The Federal Reserve has hinted its concern about disappointing jobs reports and the effects of trade wars on economic growth. It has indicated it may reduce its short-term bank rate later this year to invigorate growth. A slowing economy may push mortgage rates higher.
The 30-yr fixed rate remains at 3.82% according to Freddie Mac but could start inching upward as soon as close of business today. So, check with your lender and considering locking in before rates change.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1001 N. Vermont Street #603, Arlington, VA 22201 — $475,000
- 2524 N. Fairfax Drive #8Bii, Arlington, VA 22201 — $659,900
- 3109 13th Street S., Arlington, VA 22204 — $725,000
- 2226 N. Columbus Street, Arlington, VA 22207 — $824,900
- 6325 19th Street N., Arlington, VA 22205 — $949,900
- 2612 12th Street N., Arlington, VA 22201 — $1,369,000
- 409 N. Frederick Street, Arlington, VA 22203 — $1,379,500
- 705 N. Barton Street, Arlington, VA 22201 — $1,795,000
Settlement in Jail Death Case — “Relatives of a man who died in the Arlington County jail and their attorney would receive about $1.3 million in exchange for dismissal of…
In loving memory of Joseph Robert Kapacziewski, who passed away in 2023 at the age of 41.
In loving memory of James Stuart Edmonds, who passed away in 2023 at the age of 84.
A man was shot in front of a lounge on Columbia Pike early this morning, continuing a string of violent incidents.
YULA’s ultimate frisbee spring season is now open for registration. We offer programs for middle and high schoolers – open to all players, whether they are new or have previous experience.Middle SchoolIn the Middle School league, mixed-gender teams practice once during the week and have games on Sunday afternoons. Spring league is a fun, safe, and positive environment. The season begins mid-March and wraps up with a tournament in early June. There are several options for practice days, so we can often work around schedule conflicts with other sports & activities.High SchoolThe High School program is organized by school of attendance and teams are classified by gender. New players will learn the basics in a supportive, welcoming environment. Experienced players will continue to develop their skills, and enjoy competition with other high school programs. The season concludes with a state level championship tournament in late May.All players are guided by experienced coaches who emphasize sportsmanship and good spirit. Ultimate is a fun sport with great camaraderie!YULA does not want finances to limit anyone from participating. Our middle school program offers a “Pay What You Can” cost structure and our our high school program is offering a $50 discount to new players.Visit our website to register and learn more. Sign up with a friend, but don’t delay, the season starts in March!http://www.yula-ulti.org
The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.
The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.
Former participants have this to say:
_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village