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 blistering heat wave this week hasn’t slowed down the real estate market.
Buyers and sellers performed more like the cool days of spring with 56 ratified contracts and 61 new listings. So far, the spring market keeps plowing right through the summer. Of those 56 sales, 26 of those homes were gone within a week.
The lack of inventory is still a big problem. There is now only 1.1 months of inventory, a slight improvement from two weeks ago when it dipped to 0.9 months. A market is considered in balance when there’s 5.5 months of inventory.
Homeowners in North Arlington should be happy (unless you’re on a fixed income). The average price of a detached home last month was up 10.2% compared to June of 2018. That increases an owner’s equity, but it also increases an owner’s property tax. Not good if you’re living on a pension.
Mortgage rates have finally started to move. In just the last week, rates have gone from 3.875% for a 30-yr fixed rate with no points to 4%. The financial markets are anticipating that the Federal Reserve will cut its bank rate by the end of the month to help stimulate what the Fed sees as a slowing U.S. economy.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 900 N. Stafford Street Unit 1114, Arlington, VA 22203 — $399,900
- 1021 N. Garfield Street Unit 817, Arlington, VA 22201 — $549,900
- 1710 S. Edgewood Street, Arlington, VA 22204 — $649,900
- 1111 19th Street N. Unit 2110, Arlington, VA 22209 — $759,900
- 4515 4th Street S., Arlington, VA 22204 — $949,900
- 1634 N. Abingdon Street, Arlington, VA 22207 — $995,000
- 901 N. Monroe Street Unit 906, Arlington, VA 22201 — $1,099,900
- 2215 N. Oak Court, Arlington, VA 22209 — $1,415,000
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Join us at Art House 7 this Saturday 4-7pm for our Annual Open House – Teacher and Student art show!
Meet our teachers
See student and teacher artwork
Teacher’s paintings, ceramics, notecards will be for sale
Enjoy beverages and light refreshments
All attendees get a $20 gift certificate off a class
30% off everything in our Supply Store for holiday gifts
Sat. Dec. 3, 4-7pm
Art House 7
The Alternative Christmas Market is back! At First Presbyterian Church Arlington in Ballston, located at 601 N. Vermont Street, Arlington VA 22203, on Sunday, December 4th from 9:30am to 1:00pm. Parking available.
Vendors and products this year include: 10,000 Villages, Olive Oil Ministry, African Team Ministries, Community Coalition for Haiti, Heifer, African Market Baskets, Café Justo, Thistle Farms, Southwest Indian Foundation, and Together We Bake.
Buy gifts for everyone on your list, and support these great organizations, artisans, and global neighbors. See you there!
NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.
Outstanding Young Artist