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Just Listed in Arlington

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.

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Our program focuses on socio-emotional development and kindergarten readiness through hands-on and engaging activities. Our programs offer different schedules ranging from 7:30 am-5:30 pm for students, ages 2-5. We feature a full-day Jr. kindergarten class for older 4’s/5’s. Our facility includes a full-sized gymnasium, school chapel, and library. All of our students enjoy music and physical education weekly. Children have an opportunity to participate in enrichment classes such as soccer, basketball, ballet, and science.

We offer Summer Camp with weekly themes and twice a week water play, including Fun Friday moon bounce. Please join us for our Open House Feb. 3 at 9:30 am and 11:00 am. Click here to sign-up.

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If you are a lifelong learner over 50+ who wants to make new friends, power up your brain, and enjoy a wide-variety college-level courses, Encore Learning is for you. An Arlington based nonprofit, Encore Learning offers courses in the arts, theater, literature, history, technology and more. This semester we offer our most popular course, Global Hot Spots as well as 25 new courses. Courses are presented either online or in-person at George Mason University at Virginia Square and other Arlington locations.

Join the free presentation to learn about courses and meet the instructors. This is Encore Learning’s signature event to highlight the upcoming semester with brief presentations by each instructor.

The Spring Course Preview event is Thursday, February 2nd at 9:30 AM via Zoom: 

https://us02web.zoom.us/j/84855394419

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