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
Just Reduced features a 8 BD/ 5.5 BA home with a guest house, wrap around front porch and private deck.
Good Tuesday evening, Arlington. Today we published articles that were read a total of 19674 times… so far. 📈 Top stories The following are the most-read articles for today —…
A Washington-Liberty High School senior was killed in a double homicide yesterday in Fairfax County. Braden Deahl, 18, was a standout soccer player on the W-L varsity team who had…
The saga of slow mail delivery in Arlington continues. Now, U.S. Senator Tim Kaine (D) is bringing the county’s issues to the federal government. There have been grumblings for years…
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,