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.”
The pace of home sales in Arlington finally dipped a bit this week with only 43 ratified contracts compared to last week’s 57 sales.
Sellers listed 48 homes this week, and 13 of those sold within seven days. It’s still an unusually strong summer market which bodes well for a vibrant fall market starting right after Labor Day.
There are only 225 homes actively for sale in Arlington. At the current absorption rate, that’s 1.2 months of inventory which is an improvement for buyers. Other good news for buyers is the big drop in interest rates this week. On Monday, rates dropped as low as 3.5% for a 30-yr fixed rate, but then began edging up to about 3.65% on Thursday.
If you have a ratified contract and haven’t locked in your rate yet, stop reading this and call your lender NOW. This is the lowest rate since November 2016.
What drives our housing market isn’t just interest rates. Our overall economy creates housing demand which drives our market. Job security and wage growth is more important than interest rates and inventory. We need to be looking for the subtle little signs of change in our economy such as growth with our trading partners.
Currently, big businesses are concerned about a general global economic slowdown and that uncertainty influences their decisions on reinvestment, growth and hiring. But buoying our slowing economy is strong consumer confidence. So pay attention to news reports about economic events, like the Dow dropping 700 points in one day, and China devaluing its currency, the yuan, especially against the dollar. These are clues.
Good news for South Arlington home owners: Your home has increased in value since July last year. For single family owners, the average price went up by 9.4% to $868,837. For condo owners, the average sales price went up 6.4% to $402,736 from July 2018.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 2507 N. Arlington Boulevard #20, Arlington, VA 22201 — $345,000
- 5079 9th Street S., Arlington, VA 22204 — $485,000
- 3552 S. Stafford Street, Arlington, VA 22206 — $599,000
- 2031 20th Road N., Arlington, VA 22201 — $700,000
- 3131 14th Street S., Arlington, VA 22204 — $725,000
- 1220 N. Fillmore Street #Ph08, Arlington, VA 22201 — $745,000
- 4507 N. Henderson Road, Arlington, VA 22203 — $749,900
- 3800 N. Fairfax Drive #604, Arlington, VA 22203 — $775,000
Recent Stories
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
An explosives detection K-9 celebrated his retirement at Reagan National Airport today. Messi, an 8-year-old yellow lab, was feted this morning in the historic Terminal 1 lobby with a surprise…
Walk to Lee Heights shops from 1930s Tudor on beautiful terraced lot
Arlington’s response team for people in mental health and substance use crises is on track for a substantial buildout. An additional $478,286 in federal funds would allow Arlington to hire…
The Award is available to recent high school graduates and non-traditional students (see the application for more details). Each recipient may be awarded up to $20,000. Applicants are required to submit an online application form as well as a short video application.
The applicant must be an Arlington resident pursuing a career or technical education accredited program, within a high-growth career, that will be completed within two years.
The careers and programs include, but are not limited to:
-
Audio, Video, and Sound Engineering Technicians
-
Broadcast Technicians
-
Commercial Drivers
-
Culinary Arts
-
Early Childcare Education
-
Healthcare
-
Information Technology and Computer Science
-
Manufacturing and Skilled Trades (including welding, auto and aviation mechanics and technicians)
-
Public Safety
Unlike our competitors, Well-Paid Maids doesn’t clean your home with harsh chemicals. Instead, we handpick cleaning products rated “safest” by the Environmental Working Group, the leading rating organization regarding product safety.
The reason is threefold.
First, using safe cleaning products ensures toxic chemicals won’t leak into waterways or harm wildlife if disposed of improperly.
Second, it’s better for you and your family. Fragrant chemicals in surface cleaners can expose you to a similar amount of pollutant particles as a busy city road, New Scientist reported.
ACFCU’s Free Homebuying 101 Webinar: Steps to Getting Pre-Approved
Are you ready to jump into homeownership, or have you 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
Sweeney Todd
A victim of a gross injustice that robbed him of his wife and child, Sweeney Todd sets about exacting a terrible revenge on society.
